Tuesday, March 17, 2026
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...
The Italy–Libya income tax treaty of 2009 entered into force on 10 December 2025, following the exchange of ratification instruments, as confirmed by a memorandum of understanding signed in Tripoli on the same day. Signed on 10 June 2009, this tax treaty is the first between the two countries and is intended to promote economic...
Zambia’s Revenue Authority (ZRA) announced that Zambia had signed the Yaoundé Declaration on International Tax Co-operation and the fight against Illicit Financial Flows (IFFs) in Africa on 4 December 2025. ZRA Commissioner General Dingani Banda submitted Zambia’s signed Yaoundé Declaration on international tax co-operation and fight against IFFs in Africa dated 28th November 2025 on...
Tunisia has published the Finance Law for 2026 (Law No. 2025-17) in the Official Gazette on 12 December 2025, setting out a wide-ranging package of tax and fiscal measures aimed at strengthening public finances while supporting targeted sectors of the economy. The law introduces new sector-specific contributions and a progressive wealth tax, alongside reliefs for...