Tuesday, February 03, 2026
The OECD announced that Thailand submitted its initial accession memorandum on 8 December 2025, marking the start of the technical phase of the accession process. Thailand reaches key milestones in OECD accession process On 8 December 2025, Thailand took an important step forward towards accession to the OECD as Prime Minister Anutin Charnvirakul submitted Thailand’s...
Croatia has gazetted the Law on Amendments to the Act on Administrative Cooperation in the Field of Taxation on 3 December 2025. The law implements Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8) and Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). DAC8 is a new EU directive that broadens tax reporting requirements...
Algeria published in the Official Gazette the decree ratifying the OECD–Council of Europe Convention on Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) as amended by the 2010 protocol on 30 November 2025. Algeria signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) on 10 October 2024. Having...
The Hong Kong Inland Revenue Department (IRD) released the updated lists of Qualifying Debt Instruments (QDIs) at the end of 30 September 2025, on 8 December 2025. The lists include: Qualifying Debt Instruments issued before 1 April 2018 Short Term/ Medium Term Debt Instruments Eligible for Profits Tax Concession The short term/ medium term debt...
The Federation of Bosnia and Herzegovina has introduced updated withholding tax legislation, effective 1 January 2026, aimed at clarifying taxpayer obligations and strengthening reporting requirements. The amendments refine the definition of a payor to explicitly include both individuals and legal entities, and broaden the scope of taxable transactions by classifying payments for the rental of...
Algeria’s Ministry of Finance has issued Circular No. 73/LF25 on 23 November 2025, detailing revisions to various stamp duties and taxes as part of the 2025 Finance Law. The circular addresses the increase in the minimum perception of stamp duty and the revision of tariffs for stamped paper dimensions, negotiable and non-negotiable financial instruments, maritime...
Costa Rica’s Ministry of Finance has published Executive Decree No. 45333-H on 5 December 2025, setting the corporate income tax rates for 2026. The Decree also enlists the individual income tax brackets and rates for 2026. Corporate Income Tax Rates For companies with gross income exceeding CRC 119,174,000, a flat corporate income tax rate of...
Finland’s parliament (Eduskunta) has approved Bill No. HE 125/2025 vp on 25 November 2025, introducing amendments to the Business Income Tax Act and the Valuation of Assets in Taxation Act, along with temporary changes to the Income Tax Act. Under the proposal, the Act on the Valuation of Assets in Taxation would be amended so...
Belgium’s tax authority (SPF Finances) announced, on 8 December 2025, that only importers holding a “carbon border adjustment mechanism (CBAM) declarant” authorisation will be permitted to import goods covered by the CBAM regulations. This ruling will be effective from 1 January 2026. This authorisation is linked to a CBAM account, which must be provided in...
The Israeli cabinet approved the 2026 state budget on 5 December 2025 after prolonged negotiations and internal disputes over allocations. The key tax measures and policy changes are as follows: Corporate and Banking Taxes New measures will tax banks’ excess profits to curb monopolistic practices. Additionally, proposals aim to reduce certain taxes on bank activities...