Monday, April 27, 2026
Vietnam’s National Assembly approved an amended Personal Income Tax Law on 10 December 2025, introducing changes to the country’s tax structure. The legislation reduces the number of tax brackets from seven to five. The new monthly taxable income rates are as follows: Monthly Taxable Income (VND) Tax Rate (%) Up to 10 million 5 Over...
The Inland Revenue Board of Malaysia published Public Ruling No. 4/2025 on 28 November 2025, which explains the requirements to notify the Director General of Inland Revenue (DGIR) on any change of accounting period by a company, limited liability partnership, trust body or co-operative society, which has to make payment by instalments on an estimate...
The UK issued the Double Taxation Relief and International Tax Enforcement (Andorra) Order 2025 on 10 December 2025. This enabled ratification of the income and capital tax treaty with Andorra. Signed on 20 February 2025, the treaty is the first of its kind between Andorra and the UK. It takes effect in Andorra from 1...
The Central Bank of Azerbaijan (CBA) announced, on 10 December 2025, that it has lowered its policy (key) rate by 0.25 percentage points to 6.75%. The interest rate corridor was also adjusted, with the lower bound set at 5.75% and the upper bound at 7.75%. This decision was made taking into account inflation trends, global...
Austria’s National Council (Nationalrat) approved the amending protocol to the tax treaty with Kuwait on 10 December 2025. It will take effect on the first day of the third month after the ratification instruments are exchanged and will apply from 1 January of the following year. Earlier, Austria and Kuwait signed an amending protocol to...
Finland submitted an updated consolidated position for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI), as noted by the OECD on 11 December 2025. This update includes two specific corrections regarding Finland’s 1996 tax treaty with Brazil and the application of MLI Article 16, which governs the Mutual Agreement Procedure...
Denmark’s Economic Council Chairmanship released its 2025 environmental economic report on 9 December 2025, highlighting that taxes on greenhouse gas emissions are a more cost-effective and precise tool for promoting the green transition than differentiated value added tax (VAT) rates. The report, part of the Council’s annual review of Economics and Environment, covers several policy...
The US IRS Criminal Investigation released its Fiscal Year 2025 Annual Report PDF on 11 December 2025, showcasing banner investigative results fueled by new partnerships and innovative financial investigative techniques. The report details how IRS-CI’s approximately 3,000 employees worked to safeguard the global financial system and identify USD 10.59 billion in financial crimes during FY25,...
The Austrian Parliament National Council (Nationalrat) passed the draft legislation to implement the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226) on 10 December 2025. The bill now awaits final approval from the Federal Council (Bundesrat). The legislative proposal focuses on introducing the Betrugsbekämpfungsgesetz 2025 Teil Daten (Fraud Prevention Act 2025 Part...
The European Commission issued a formal notice to Luxembourg on 11 December 2025, urging the country to end discriminatory tax treatment on dividends from public investments in its December 2025 infringements package. Taxation Letter of formal notice Commission calls on Luxembourg to eliminate a discriminatory tax treatment of dividends from public investments The European Commission...