Finland develops internal control and risk management based on OECD recommendations
Finland’s Ministry of Finance announced on 31 October 2025 that it has been collaborating with the OECD to identify the most effective approaches to developing internal control, risk management, and internal audit. This work is a response to the
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Slovak Republic: Government audit office to merge with the Ministry of Finance
The Slovak Republic’s President Peter Pellegrini has signed an amendment to Act No. 357/2015 Coll. on Financial Control and Audit, aimed at accelerating the disbursement of EU funds and introducing a simpler, more transparent financial control
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France: National Assembly passes first-reading amendments to the 2026 finance bill, focuses on major corporations
France’s National Assembly introduced several amendments to the Finance Bill for 2026, some of which have been approved during its first reading on 30 October 2025. The changes primarily target large corporations and business groups, introducing
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Turkey: MHP proposes higher digital tax for foreign platforms
RF Report Turkey’s Nationalist Movement Party (MHP), an ally of President Recep Tayyip Erdoğan, has submitted a bill to the parliament that would raise the digital services tax (DST) for foreign companies from 7.5% to 12.5%, while keeping the
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US: IRS announces reduced services amid federal shutdown
RF Report The US Internal Revenue Service (IRS) announced on 21 October 2025 that, despite its limited operations during the ongoing US government shutdown, taxpayers are still required to meet all regular tax obligations. Tax refunds will
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Poland: Council of Ministers approves bill reducing tax burden on copper, silver mining
Regfollower Desk Poland’s Council of Ministers adopted a draft act amending the Act on Tax on the Extraction of Certain Minerals, as well as certain other acts, on 28 October 2025. The new regulations introduce measures to reduce the tax burden
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Malta announces 2026 budget, includes tax credits for new investments and R&D
Regfollower Desk Malta's Minister for Finance presented the 2026 budget to parliament on 27 October 2025. The 2026 budget includes various tax measures for enhancing investment incentives for businesses. New investor tax credit A 60%
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Taiwan revises customs consultation rules to protect taxpayer rights
Regfollower Desk Taiwan’s Customs Administration, Ministry of Finance, announced that it revised and promulgated the Operation Directions for the Consultation of Customs Cases (the “Directions”) on 15 July 2025. The update aims to protect
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Taiwan: Tax Administration extends 2025 land value tax deadline
Regfollower Desk The Taiwan’s Taxation Administration has announced yesterday, 28 October 2025, that the statutory payment period for the 2025 land value tax deadline has been extended, from 1 – 30 November 2025, to 1 December due to the last
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US: IRS releases guidance on credit, refund limits for employee retention credits
The FAQs discuss the limitation generally, when a claim is considered to be timely filed, and what appeals rights are available if an ERC claimed on a return is disallowed. The US Internal Revenue Service (IRS) has announced the issuance of the
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UAE: MoF publishes list of recognised commodity reporting agencies
MoF listed 13 approved agencies for trading qualifying commodities. The UAE Ministry of Finance (MoF) published Ministerial Decision No. 230 of 2025 on 22 October 2025, listing the recognised reporting agencies for trading qualifying
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Indonesia: Central bank maintains key interest rate
Bank Indonesia will continue monitoring the transmission effectiveness of accommodative monetary policy, economic growth, and inflation, as well as rupiah exchange rate stability, to consider further room for BI-Rate reductions. Indonesia’s
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Austria: Parliament approves temporary investment allowance increase
Parliament approved a temporary increase in the investment allowance for ecological assets between November 2025 and December 2026. The Austrian National Council (Nationalrat) approved a draft bill, on 15 October 2025, introducing a temporary
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Canada: Government to introduce anti-fraud plan, financial crimes agency
The government plans to strengthen Canada’s fight against financial fraud by requiring banks to implement anti-fraud policies, exploring broader sector-wide measures, and establishing a new Financial Crimes Agency. Canada’s Department of
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Egypt drops special register requirement for tax accountants
Egypt cancels special register rule for tax accountants to ease procedures. The Egyptian Ministry of Finance cancelled Ministerial Decision No. 481 of 2023 on 19 October 2025, which mandated accountants to be included in a special register to
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Philippines: Government to form task force on tax and regulatory issues
The Department of Finance, in partnership with private sector stakeholders, is leading a multi-sectoral working group focused on improving the country’s investment environment and creating more employment opportunities. According to a
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Hungary: Parliament reviews Autumn Tax Package measures
Hungary’s draft autumn tax package, presented on 14 October 2025, proposes adjustments across corporate, VAT, insurance, retail, and advertisement taxes—including R&D incentives, global minimum tax compliance, reduced VAT on beef,
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Italy: Council of Ministers approves 2026 draft state budget, multi-year budget for 2026-28
Italy's 2026 draft budget introduces a new three-year tax credit for businesses in SEZs, extends plastic and sugar tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s Council of
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