Tuesday, February 03, 2026
Taiwanese businesses paying for electronic services from foreign e-commerce enterprises may qualify for tax relief under bilateral tax treaties. This announcement was made by the Southern Taiwan National Tax Administration (STNTA) on 5 December 2025. According to the STNTA, if payments to foreign suppliers constitute Taiwan-sourced income, domestic companies are generally required to withhold tax....
Colombia’s tax authority, DIAN, has launched a public consultation on a draft resolution that partially amends Resolution 000227 of 2025 on 3 December 2025 , which covers tax, customs and exchange matters. The amendment concerns the identification of new taxpayers required to submit fiscal reconciliation reports. Comments, observations, and suggestions on the draft will be...
Germany’s lower house of the parliament (Bundestag) approved the draft Tax Amendment Act 2025 on 4 December 2025, which introduces tax relief measures for individuals and updates several technical provisions across existing tax legislation. Key proposed measures: Income tax: Increase in commuter allowance (distance lump sum) to 38 cents per kilometre from the first kilometre....
France’s tax authorities have released a second set of guidelines on 3 December 2025 covering the application of the Pillar 2 global minimum tax (GloBE) rules for multinational and large domestic groups. The new guidance provides clarifications on transitional rules, including the calculation of deferred taxes and transferred assets during the transition year and subsequent...
Ireland’s Fiscal Advisory Council has warned that Ireland’s apparent budget surplus is heavily reliant on volatile corporation tax receipts from a small number of large multinational companies, raising concerns over the sustainability of public finances. The Fiscal Assessment Report 2025, published on 26 November 2025, criticises the government’s approach as “budgeting like there’s no tomorrow”...
Italy’s Revenue Agency clarified on 4 December 2025 that companies acquiring tax credits arising from the conversion of Deferred Tax Assets (DTA) cannot use these credits to offset or transfer them further and can only monetise them through refunds. This guidance comes in response to no. 300 of 4 December 2025, addressing a ruling request...
Italy’s Revenue Agency has introduced an important update to the VAT exemption scheme for small businesses operating across EU borders on 4 December 2025. Under the revised rules, the 35-working-day period for assigning the “EX” suffix—which allows businesses to carry out VAT-exempt transactions in other EU countries—now begins from the date the Revenue Agency receives...
The OECD has published the report, ‘Revenue Statistics in Africa 2025’ on 3 December 2025, presenting comparable tax and non-tax revenue data from 1990 to 2023 for 38 African countries. Executive summary The Africa average tax-to-GDP ratio rose for the third consecutive year in 2023 to reach 16.1%, an increase of 0.5 percentage points (p.p.)...
Brazil’s tax authority, the Federal Revenue Service (RFB) announced that it updated Normative Instruction RFB No. 1,700/2017 on 4 December 2025 to clarify the tax treatment of credit losses and interest on equity (JCP). The changes respond to requests from financial institutions and other entities supervised by Brazil’s central bank, aiming to standardise procedures and...
The Liberia Revenue Authority (LRA) has announced that training programs are underway to prepare for the rollout of a new VAT system, which will replace the existing GST framework starting 1 January 2027. Businesses will be able to register for the VAT regime beginning in July 2026. VAT is a broad-based consumption tax levied on...