Ireland, Jersey tax treaty protocol enters into force
The amending protocol to the 2009 tax treaty between Ireland and Jersey came into effect on 16 May 2025. The protocol was signed on 23 November 2023. The protocol updates the preamble to include not only the intention to eliminate double taxation
See More
Malta, Morocco sign protocol updating 2018 income tax treaty
Malta and Morocco signed a protocol on 2 January 2026, amending their 2018 income tax treaty. Deputy Prime Minister Borg and Minister Chiappori signed the update to the Bilateral Agreement on the Avoidance of Double Taxation and the Prevention of
See More
US: IRS issues 2026 procedures for letter rulings, technical advice
The US Internal Revenue Service has issued Internal Revenue Bulletin 2026-01 on 29 December 2025, which includes five Revenue Procedures for 2026: letter rulings, determination letters, information letters and technical advice from the IRS. The
See More
Kazakhstan launches Atyrau Special Economic Zone amid judicial reforms
Kazakhstan has officially established the Atyrau Special Economic Zone (SEZ) under Government Decree No. 1028, dated 1 December 2025. The SEZ will operate until 2036, aiming to stimulate industrial development, attract investment, and foster
See More
Cambodia approves income tax treaty with Philippines
Cambodia’s National Assembly approved the income tax treaty with the Philippines on 28 November 2025. The approval, announced in the results of the 5th session of the 7th legislature, covers a draft law establishing agreements between the two
See More
Vietnam, Solomon Islands hold negotiations on bilateral treaty and cooperation
Vietnam’s Central Party Secretary and Foreign Minister Lê Hoài Trung held negotiations with Solomon Islands Foreign and External Trade Minister Peter Shanel Agovaka during the latter’s official visit to Vietnam from 11–13 November, marking
See More
EU Council signs updated tax cooperation agreements with Andorra, Liechtenstein, Monaco, San Marino, Switzerland
The EU Council approved updated tax cooperation agreements with Andorra, Liechtenstein, Monaco, San Marino, and Switzerland, extending automatic financial account information exchanges to cover electronic money products and digital currencies on 20
See More
Belarus terminates tax treaty with Estonia
The Belarus Ministry of Taxes and Duties, in a notice on 14 November 2025, confirmed that the tax treaty between Belarus and Estonia has been terminated. Signed on 21 January 1997, the Belarus-Estonia tax treaty aimed to prevent double taxation
See More
US exempts Indian farm exports from tariffs
Indian agricultural exporters will benefit after US President Donald Trump exempted dozens of food items from tariffs. Products such as tea, coffee, spices, and cashew nuts, previously hit with duties of up to 50%, are included in the
See More
UK: HMRC updates SME R&D tax relief guidance
UK’s HM Revenue & Customs (HMRC) has updated its guidance on Research and Development (R&D) tax relief for small and medium-sized enterprises (SMEs). Updates on 13 October 2025 clarified how companies can meet the R&D intensity
See More
Thailand: Cabinet approves temporary tourism tax incentives for Q4 2025
Regfollower Desk The Thai Cabinet approved a series of tax measures to promote domestic tourism, as announced by the Thai Revenue Department. The initiatives include incentives for individual travellers, corporate tax deductions for domestic
See More
Andorra, Estonia sign income and capital tax treaty
This is the first income and capital tax agreement between Andorra and Estonia. Andorra and Estonia signed an income and capital tax treaty on 23 September 2025. This treaty aims to prevent double taxation on income and capital between the
See More
Germany: Federal Cabinet approves final draft to amend minimum tax Act
The law amends the Minimum Tax Act to align it with the latest OECD Pillar 2 GloBE guidelines from December 2023, June 2024, and January 2025. Germany’s Federal Cabinet approved the final draft legislation from the German Ministry of Finance to
See More
Brazil: Congress completes ratification of tax treaty with Colombia
Signed on 5 August 2022, Brazil and Colombia signed their first agreement to eliminate double taxation on income and prevent tax evasion. Brazil’s Congress has issued Legislative Decree No. 193 on 2 September 2025, approving the ratification of
See More
Denmark: Taxation Ministry consults near-zero electricity tax
The consultation ends on 11 September 2025. The Danish Ministry of Taxation launched a public consultation on 4 September 2025 regarding a proposed law to reduce the general electricity tax to the EU minimum of 0.8 øre per kWh for the years
See More
South Africa: Government proposes limiting deferral of foreign exchange gains under draft tax bill
South Africa proposes tighter rules on deferring foreign exchange gains for certain related-party debts from January 2026. South Africa’s government has proposed amendments to section 24I(10A) of the Income Tax Act through the Draft Taxation
See More
AmCham EU urges resolution on Pillar 2 implementation and coordination with the US tax system
AmCham EU urged EU Commissioner Wopke Hoekstra to resolve discussions on Pillar 2 and its alignment with the US tax system in a position paper on 23 May 2025. The American Chamber of Commerce (AmCham) EU released a position paper on 23 May 2025
See More
Bahrain ratifies income tax treaty with Guernsey
Bahrain approved the law for the ratification of the income tax treaty with Guernsey on 23 April 2025. The treaty was signed 29 September 2024, is the first of its kind between the two jurisdictions. It will take effect 30 days after the exchange
See More