Tuesday, February 03, 2026
Italy’s Council of Ministers announced that it has approved the Legislative Decree implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226)(DAC8) on 4 December 2025. The new provisions align with the requirements set out in Law No. 91 of 13 June 2025 (the European Delegation Law 2024). The measure implements the DAC8...
The new income tax treaty between Malaysia and Russia entered into force on 3 September 2025. The agreement covers Malaysian income tax and petroleum income tax, as well as Russian corporate profit and individual income taxes. Withholding tax rates are set at: Dividends: 10% withholding tax if a company owns at least 25% of the...
Montenegro’s government approved the draft law to ratify the income and capital tax treaty with Liechtenstein on 4 December 2025. Liechtenstein and Montenegro signed an income and capital tax treaty on the sidelines of the 80th session of the UN General Assembly in New York on 25 September 2025. The treaty follows the latest international...
The OECD announced the release of its report, Public Trust in Tax 2025: Asia and Beyond, on 4 December 2025. Public trust in tax remains strongest in Asia—particularly South-East Asia—and the Anglophone Pacific (Australia, Canada, New Zealand), driven by digital access and transparency. In contrast, Europe and Latin America show less confidence in the fiscal...
Uzbekistan’s Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025. A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing predictability for enterprises navigating the next three-year horizon. The sources confirm that the standard base corporate...
The Australian Taxation Office published Practice Statement Law Administration PS LA 2025/2, Public country-by-country reporting exemptions, on 8 December 2025. The statement sets out the administrative approach to the Commissioner’s discretion for granting a full or partial exemption from Public country-by-country reporting obligations for a reporting period. ATO has considered the feedback received during consultation...
Algeria’s General Directorate of Taxes has introduced a new online service allowing vehicle and truck owners travelling to neighbouring countries to pay the fuel consumption tax via the “Tabioucom” platform. The service enables users to pay the tax and receive the corresponding receipt online, eliminating the need to visit tax offices. Payment can be made...
The UK Parliament is currently reviewing the Finance (No. 2) Bill (Bill 342 for 2024–26), which was introduced to the House of Commons on 4 December 2025. The bill has completed its first reading and outlines the key tax and financial measures announced in the 2025 Budget delivered on 26 November by Chancellor Rachel Reeves....
Sri Lanka’s Inland Revenue Department (IRD) has further extended the deadline for submitting Income Tax Returns for the 2024/2025 assessment year to 31 December 2025. The extension follows widespread disruption caused by Cyclone Ditwah, which made it difficult for many taxpayers to meet the earlier deadlines. Originally set for 30 November 2025, the IRD confirmed...
The UK will continue to allow Bangladeshi products to enter its market duty-free until 2029, British High Commissioner to Dhaka Sarah Cook announced. She made the statement during the HSBC Export Excellence Award 2025 event on 7 December in Dhaka. Cook added that even after 2029, around 92% of Bangladeshi exports, including ready-made garments, will...