Singapore: Parliament reviews Finance (Income Tax) Bill 2025, includes new corporate tax relief measures
This legislation proposes numerous amendments to the Income Tax Act (ITA) and the Multinational Enterprise (Minimum Tax) Act (MMTA). Singapore's Parliament is reviewing the Finance (Income Taxes) Bill 2025, which had its first reading on 14
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Tunisia: Government presents 2026 draft finance law, includes measures to support small and medium enterprises
The draft finance law proposes an amount of TND 10 million dedicated to financing the needs of small and medium enterprises. Tunisia’s government has presented the draft Finance Law for 2026 in the Parliament on 14 October 2025. The bill
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El Salvador to introduce tax amnesty programme for outstanding tax, customs debts
Finance Commission approved a plan allowing taxpayers to clear overdue tax and customs debts without interest or penalties. El Salvador’s Legislative Assembly reported that on 13 October 2025, the Finance Commission gave a positive
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Iceland: MoF consults several proposed tax reforms
The draft law seeks to revise provisions impacting both individuals and businesses, covering areas such as income tax deductions, deadlines for infrastructure tax payments, child benefit rights under the BREXIT agreement, and compliance requirements
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Ethiopia: MoF announces 2025-26 budget, includes alternative minimum taxÂ
Ethiopia's 2025–26 budget introduces major tax reforms, including an alternative minimum tax, revised personal and business income tax rates, digital economy taxation, withholding rules, cash transaction limits, and new measures for corporate
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UK: Welsh government unveils 2026-27 draft budget, proposes landfill disposal tax rate increase
For 2026–27, Wales will keep existing LTT rates but revise Multiple Dwelling Relief and introduce a new refund rule for certain leased properties, while the LDT standard rate will rise in line with RPI. Wales’ Cabinet Secretary for Finance
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Norway: Government presents 2026 Budget Bill, corporate income tax to remain at current levels
The 2026 Budget Bill prioritises welfare, health, defence, reducing electric car subsidies, cutting income and electricity taxes to boost purchasing power, and closing tax loopholes. Norway’s government has presented its proposal for the state
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Ireland publishes Finance Bill 2025, increase rate of R&D tax credit
The 2025 Finance Bill introduces amendments covering VAT rates for hospitality and hairdressing, retirement savings, foreign dividend exemptions, and investment taxation, while updating various enterprise, property, and personal tax measures,
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Namibia: Central bank lowers key interest rate
The Central Bank decided to lower the repo rate to support Namibia’s economy and maintain the Namibian Dollar–South African Rand currency peg. The Monetary Policy Committee (MPC) of the Bank of Namibia held its fifth bi-monthly meeting on
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OECD releases inclusive framework report reviewing a decade of BEPS progress
The report highlights how the BEPS Project reshaped global tax standards by promoting corporate transparency, strengthening cooperation among tax authorities, and improving tax certainty through unified international rules. The OECD’s Inclusive
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Italy: MoF presents draft budget plan for 2026-28
Italy’s 2026 budget introduces a new three-year tax credit for businesses in SEZs, extends plastic, sugar, and tourist tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s
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Algeria presents draft finance bill for 2026 in parliament
The 2026 draft Finance Bill proposes comprehensive fiscal reforms, including amendments to corporate and personal income taxes, VAT, customs and excise duties, environmental taxes, and other administrative measures. Algeria's government has
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Australia: ATO updates monthly foreign exchange rates for the 2025–26 income year
The ATO has updated its foreign exchange rate guidance, including monthly exchange rates for 1 July 2025 to 30 June 2026, which covers the rates for September 2025. The Australian Taxation Office (ATO) has updated its foreign exchange rate
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Portugal announces 2026 Budget, proposes lower corporate tax rates
Portugal’s 2026 draft budget proposes tax cuts for companies, including a corporate tax rate reduction to 19% (and 15% for SMEs), as part of the plan to lower the rate to 17% by 2028. Portugal’s government has presented the draft State
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Denmark revises regulations for identification, reporting of financial accounts associated with foreign nations
Denmark published Executive Order No. 1160/2025 on 2 October 2025, requiring financial institutions to report foreign-linked accounts from 1 January 2026. Denmark has published Executive Order No. 1160/2025 revising regulations for the
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Egypt: Central bank lowers interest rate
Egypt’s central bank reduced its key interest rates, including the deposit, lending, main operation, and discount rates, by 100 basis points. The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) announced on 2 October 2025 to
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Malaysia presents 2026 Budget, extends R&D incentives
The 2026 income tax measures introduce new taxes, extended exemptions, and expanded incentives across sectors covering LLP profit distributions, foreign-sourced income, MSME listings, social enterprises, sustainable finance, carbon emissions,
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Denmark proposes near-zero electricity tax for 2026–2027
Bill L 24 proposes cutting the general electricity tax to the EU minimum of 0.8 øre per kWh for 2026 and 2027. Denmark's Minister for Taxation submitted Bill L 24 to parliament on 8 October 2025, aiming to lower the general electricity tax to
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