Kenya enacts Finance Act 2025, reduces corporate tax rates
The Finance Act 2025 allows NIFCA-certified companies to benefit from reduced corporate tax rates, tax exemptions on dividends with reinvestment conditions. Kenya’s President William Ruto signed the Finance Act 2025 into law on 26 June
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Slovak Republic: President signs DAC8, excise duty, and tax rate amendments
The President signs DAC8 bill, streamlines excise registration, standardises CNG/LNG tax, adjusts product tax rates, and cuts VAT on select goods. The Slovak Republic’s President has signed a bill amending the Act on Automatic Exchange of
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OECD releases new BEPS Action 14 MAP peer review results as of June 2025
The OECD's 36 new peer review results under BEPS Action 14, released on 26 June 2025, showcase progress in enhancing treaty-related dispute resolution through the MAP by Inclusive Framework members. The OECD released 36 new peer review results
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UK: Treasury expands scope of Common Reporting Standard (CRS)
The new rules expand the scope of the CRS to include electronic money institutions and certain e-money products, exclude most charities, and require the reporting of additional information to improve data usability.. The UK Treasury enacted The
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OECD publishes dispute resolution peer reviews for 36 jurisdictions
The OECD's peer review reports evaluate the progress of 36 jurisdictions in implementing the BEPS Action 14 minimum standard for resolving tax treaty disputes via the Mutual Agreement Procedure (MAP). The OECD published peer review reports
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UK: HMRC updates guidance on unilateral APA programme for development CCAs
HMRC has updated its international manual with new guidance and a sample agreement for a unilateral APA programme covering UK entities’ participation in development cost contribution arrangements. The UK HM Revenue & Customs (HMRC) has
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UAE issues MAP guidance on double taxation relief
The UAE Ministry of Finance has issued official guidance on the Mutual Agreement Procedure (MAP), outlining how businesses and individuals can seek relief from double taxation under the country’s international tax treaty network. The guidance was
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Finland: MoF consults on DAC7 reporting rules extension
The consultation proposes expanding digital platform operators' reporting obligations to the Finnish Tax Administration for sales and rentals. Finland’s Ministry of Finance has initiated a public consultation on 25 June 2025 pertaining to the
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US: Maine to broaden sales tax to include digital content
Maine's new budget law will impose a 5.5% sales tax on streaming platforms and digital services starting 1 January 2026. Maine Governor Janet Mills signed a new budget law (LD 210) on 23 June 2025, which expands the state’s sales tax to include
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Norway: Beneficial ownership registration rules take effect
While documentation of beneficial owners has been mandatory since 2021, the Act on the Register of Beneficial Owners, effective 1 October 2024, introduces a registration obligation starting 31 July 2025. Norway’s Ministry of Finance announced
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Russia: Federal Tax Service clarifies foreign account reporting rules
Russia clarifies foreign account reporting rules when countries are removed from its financial data exchange list. The Russian Federal Tax Service (FTS) has issued Guidance Letter No. D-4-17/17 on 29 May 2025, clarifying reporting requirements
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Ecuador removes Andorra from tax haven list
Ecuador's SRI removes Andorra from tax haven list effective 16 June 2025 under new resolution. The Ecuador Internal Revenue Service (SRI) has issued Resolution No. NAC-DGECCGC25-00000013, amending its list of tax havens and preferential tax
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Malta launches 2025 electronic corporate tax return
Malta’s Commissioner for Revenue has made the 2025 electronic corporate income tax return available online, introducing changes related to transfer pricing and new attachments for various tax credits. Malta’s Commissioner for Revenue has
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Singapore adds Cameroon to CbCR exchange list for FY2024
The update takes effect for financial years (FY) starting from 2024. The Inland Revenue Authority of Singapore (IRAS) has updated its Country-by-Country Reporting (CbCR) guidance as of 20 June 2025, expanding the list of jurisdictions eligible
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Sweden clarifies group contributions in CbC reporting
Group contributions should be excluded from profit or loss calculations in Country-by-Country (CbC) reporting. Sweden’s tax agency (Skatteverket) has issued Position Statement No. 8-174683-2025 on 17 June 2025, clarifying its stance on group
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Philippines commits to implementing CARF for crypto-assets
The implementation of the Crypto-Asset Reporting Framework (CARF) is aimed at combating cross-border tax evasion and illicit financial flows. The Philippines Department of Finance (DOF) announced its commitment to adopting the Crypto-Asset
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Luxembourg updates CRS partner jurisdictions list, adds four countries
The Common Reporting Standard partner jurisdictions list has been updated to include 115 countries. Luxembourg published the Grand-Ducal Decree of 6 June 2025 in the Official Gazette, amending the list of partner jurisdictions for the exchange of
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Ireland: Revenue updates guidance on DAC, equivalent frameworks
Irish Revenue updated its Tax and Duty Manual to include Ireland’s adoption of the DAC directives and equivalent international information exchange frameworks. The Irish tax authority (Revenue) has published eBrief No. 118/25 on 16 June 2025,
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