Morocco publishes General Tax Code 2025
Morocco’s Directorate General of Taxes (DGI) has released the 2025 edition of the General Tax Code (CGI) on 20 December 2024. The updated Tax Code clarifies the amendments introduced by the 2025 Finance Law which includes measures for corporate
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Kuwait extends statute of limitations for tax claims
Kuwait's Official Gazette published a Decree Law on 19 January 2025 amending Article 441 of Civil Law No. 67/1980 which extends the statute of limitations for tax claims and obligations from five to 10 years. This change impacts legal frameworks
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Netherlands gazettes decree on Minimum Tax Act 2024 rules
The Netherlands has published the Minimum Tax Implementation Decree 2024 in the Official Gazette No. 2024/442, on 23 December 2024, which contains rules for implementing the Minimum Tax Act 2024. The Decree also outlines guidelines for
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US releases expiring federal tax provisions list 2024-2034
The US Joint Committee on Taxation has published the List of Expiring Federal Tax Provisions for 2024-2034 on 9 January 2025. This document lists Federal tax provisions that expired in 2024 or are scheduled to expire in the future. Years in which
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Turkey updates valuable housing tax brackets for 2025
Turkey released the Real Estate Tax Law General Communiqué No. 86 on 30 December 2024 in the Official Gazette, which updates the Valuable Housing Tax Brackets for the year 2025. The purpose of this Communiqué is to provide explanations
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Ireland: Revenue updates guidance on R&D corporation tax credit
The Irish Revenue has published eBrief No. 009/25 on 10 January 2025, providing updated guidance on the Research and Development (R&D) Corporation Tax Credit. Tax and Duty Manual Part 29-02-03 has been updated to reflect the Finance Act 2024
See MoreUS: Treasury, IRS finalise rules on micro-captive transactions
The US Department of the Treasury and the Internal Revenue Service (IRS) released the final regulations (TD 10029) identifying transactions that are the same as, or substantially similar to, certain micro-captive transactions as listed transactions,
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US: IRS, Treasury finalise rules on dual consolidated losses and disregarded payments
The US Department of Treasury and the Internal Revenue Service (IRS) have released the final Rules on Dual Consolidated Losses and the Treatment of Certain Disregarded Payments, which were officially published in the Federal Register on 14 January
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New Zealand updates money interest rates on underpayments, overpayments
The New Zealand Inland Revenue has announced updates to the Use of Money Interest (UOMI) rates for underpayments and overpayments on 18 December 2024. The revised rates are set at 10.88% (down from 10.91%) for underpayments and 4.30% (down from
See MoreUS: Treasury, IRS request comments on proposed regulations and a draft form for certain corporate separations and reorganisations
The US Department of the Treasury and the Internal Revenue Service (IRS) issued IR-2025-11 on 13 January 2025 in which it proposed regulations for corporate separations and reorganisations, including reporting requirements for multi-year corporate
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Venezuela: SENIAT introduces new digital invoicing guidelines for businesses
The Venezuelan National Tax Authority (SENIAT) has introduced new guidelines under Administrative Ruling SENIAT/2024/000102 regarding digital invoicing. The update clarifies rules regarding the issuance of invoices and associated documents,
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Saudi Arabia further extends tax penalty waiver initiative
The Saudi Zakat, Tax and Customs Authority (ZATCA) announced the Minister of Finance’s decision of the extension of the Cancellation of Fines and Exemption of Financial Penalties Initiative for taxpayers subject to all tax laws for six months
See MoreUS: Treasury reissues list of countries requiring international boycott participation
The US Treasury Department reissued its list of countries that mandate cooperation with, or participation in, an international boycott as a prerequisite for conducting business. It includes Iraq, Lebanon, Syria, Kuwait, Qatar, Saudi Arabia, Libya
See MoreUS: Treasury, IRS release final rules for clean hydrogen production tax credit
The US Department of the Treasury (Treasury) and Internal Revenue Service (IRS) released final rules for the section 45V Clean Hydrogen Production Tax Credit established by the Inflation Reduction Act on 3 January 2025, according to a press
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Greece updates 2023 non-cooperative jurisdictions list
The Greek Public Revenue Authority has updated the list of non-cooperative states and jurisdictions for 2023 which includes 41 countries and territories. This decision was finalised on 31 December 2024. Key changes from the 2022 list include the
See MoreUS: Department of the Treasury, IRS release final rules for technology-neutral clean electricity credits
The US Department of the Treasury (Treasury) and the IRS announced the released final rules for the Clean Electricity Investment and Production Tax Credits – also known as the technology-neutral credits – in tax code sections 45Y and 48E
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Taiwan extends reduced day trading tax rate until 2027
Taiwan's Ministry of Finance announced the implementation of amendments to extend the reduced Securities Transaction Tax for day trading (from 0.3% to 0.15%) on the Taiwan securities market, following approval by the Legislative Yuan on 31 December
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Lithuania gazettes 2025-27 budget, increases tax-exempt income threshold
Lithuania has published its budget plan for the three-year period from 2025 to 2027 in the official gazette on 19 December 2024. Key changes include an increase in the tax-exempt income threshold for 2025. Even though the budget for the next
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