Tuesday, February 03, 2026
Austria’s National Council (Nationalrat) approved the Tax Amendment Act 2025 (Abgabenänderungsgesetz 2025) on 10 December 2025, introducing extensive changes across federal tax and administrative laws. The legislation amends a wide range of statutes, including the: Income Tax Act 1988, Corporation Tax Act 1988, Minimum Taxation Act, Value Added Tax Act 1994, Real Estate Transfer Tax...
The US will reduce tariffs on Swiss goods from 39% to 15% under a new trade framework, the Swiss government announced today. The agreement also includes a commitment by Swiss companies to invest USD 200 billion in the US by 2028. The framework involves Switzerland, the US, and Liechtenstein, with full trade deal negotiations expected...
Mexico’s Senate has approved tariffs of up to 50% on more than 1,400 products from countries without free trade agreements, including China, India, South Korea, Thailand, and Indonesia. The increases, effective 1 January 2026, target goods such as automobiles, auto parts, textiles, apparel, steel, plastics, footwear, and appliances, with most products facing duties up to...
The Slovak Republic Parliament approved a draft law on 9 December 2025, introducing measures to tackle tax evasion, close the VAT gap, and implement the EU Directive 2025/516 on VAT in the digital era (ViDA). The law establishes mandatory electronic invoicing and digital reporting requirements, which will be rolled out in two stages. Mandatory Electronic...
Argentina’s tax authority (ARCA) has issued General Resolution 5794/2025, which updates the special VAT withholding rules for transactions conducted through digital platforms, initially established under General Resolution 5319/2023. The core purpose of the new resolution is to amend General Resolution 5319/2023, specifically by adjusting the monetary thresholds and transaction quantities that define habitual, frequent, or...
Turkey’s President has extended the tax withholding rules on certain capital market earnings for another five years. The decision was made under Presidential Decree No. 10680, published in the Official Gazette on 11 December 2025 (No. 33104). The extension covers withholding on profits from securities, trading gains from other capital market instruments, deposit interest, participation...
The UAE’s Ministry of Finance has announced the issuance of Cabinet Decision No. (197) of 2025 on selective goods, the tax rates or amounts imposed on them, and the method for calculating the selective price on 11 December 2025. The resolution introduces amendments to the excise tax with the aim of implementing the “tiered volumetric...
Peru’s Tax Authority (SUNAT) has amended the gradual reduction of fines for taxpayers who fail to file certain income tax returns through Resolution No. 000355-2025/SUNAT, published in the Official Gazette on 29 November 2025 and effective from 30 November 2025. The updated rules cover late filings of rental income, self-employment income, and other non-business income,...
Croatia’s Parliament approved amendments to the VAT Act concerning e-invoicing. The final version of the amendments was adopted on 5 December 2025. Key legislative actions include extending the reduced 5% VAT rate for specific supplies, such as natural gas and heating, and modifying provisions on input tax deductions and the conversion of amounts to Euros....
Mozambique’s government adopted a draft Value Added Tax (VAT) law during the 41st Session of the Council of Ministers on 2 December 2025. The VAT law is designed to modernise and streamline the electronic submission of invoices and similar documents. The government explained that the reform aims to address inconsistencies in how VAT is currently...