OECD releases report encouraging economic diversification in Libya through public-private dialogues
The OECD has published a new report, Encouraging Economic Diversification in Libya through Public-Private Dialogues, on 28 October 2025, which outlines key findings and policy recommendations for five priority sectors of Libya's economy. This
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Israel: MoF announces tax reforms for R&D centres
Israel’s Ministry of Finance presented reforms in its taxation policy on 2 November 2025, designed to facilitate activities and increase the attractiveness of the Israeli high-tech industry. The reform was formulated by a team that included
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Jordan ratifies tax treaty with Switzerland
Jordan’s Official Gazette on 30 October 2025 published a royal decree approving the double taxation agreement (DTA) and its protocol with Switzerland. The tax treaty with Jordan, signed on 13 December 2023. The agreement aims to prevent double
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UAE: FTA issues guidance on tiered excise tax for sweetened beverages
The UAE Federal Tax Authority (FTA) has published guidance on the "Tiered Volumetric Model" for excise tax on sugary beverages, urging producers, importers, and stockpilers of sugar-sweetened drinks to review the sugar content of their products in
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UAE: MoF partners with ADIB to launch first retail sukuk platform
The Ministry of Finance (MoF) has signed a cooperation agreement with Abu Dhabi Islamic Bank (ADIB), making it the first bank to join the Ministry’s newly launched “Retail Sukuk” initiative. The initiative aims to enable citizens and residents
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Kenya: KRA consults on draft income tax regulations for advance pricing agreement, minimum top-up tax for 2025
The Kenya Revenue Authority (KRA) released two draft regulations for public consultation, covering its global minimum tax regime and advance pricing agreement procedures for 2025, on 3 November 2025. In compliance with the Statutory Instruments
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Saudi Arabia: ZATCA urges use of fine exemption initiative by year-end
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has urged all taxpayers to take advantage of the “Cancellation of Fines and Exemption of Penalties Initiative," which ends on 31 December 2025. This announcement was made on 2 November
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South Africa: SARS updates VAT guide for foreign e-service suppliers
The South African Revenue Service (SARS) has released an updated version of VAT-REG-02-G02: Supply of Electronic Services by Foreign Suppliers and Foreign Intermediaries guide, reflecting recent legislative amendments to the Value-Added Tax (VAT)
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UAE: Central Bank lowers the base rate to 3.90%
The UAE Central Bank has announced a 25-basis-point reduction in its base rate for overnight deposit facilities, lowering it from 4.15% to 3.90% as of 29 October 2025. This change, effective 30 October 2025, follows the US Federal Reserve's
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Angola: AGT suspends tax identification number for delinquent legal entities
Angola’s General Tax Administration (AGT) announced on 30 October 2025 that, in accordance with Article 13 of Presidential Decree No. 245/21 of 4 October, as amended by Presidential Decree No. 87/25 of 22 April, the Individual Taxpayer Registry
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South Africa: SARS revises timeline for GloBE registration, notification
The South African Revenue Service (SARS) has rescheduled the launch of the GloBE registration and notification functionality on e-Filing from December 2025 to 16 March 2026. This adjustment ensures system quality and compliance with international
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Turkey: MHP proposes higher digital tax for foreign platforms
RF Report Turkey’s Nationalist Movement Party (MHP), an ally of President Recep Tayyip Erdoğan, has submitted a bill to the parliament that would raise the digital services tax (DST) for foreign companies from 7.5% to 12.5%, while keeping the
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Nigeria to levy withholding tax on short-term security interest
RF Report Nigeria's tax authority, the Federal Inland Revenue Service (FIRS), has issued a directive mandating banks, stockbrokers, and other financial institutions to apply a 10% withholding tax on interest earned from investments in short-term
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FATF removes Nigeria from grey list
RF Report Nigeria has been officially removed from the Financial Action Task Force (FATF) grey list, according to a release from the Ministry of Finance on 26 October 2025. The removal of Nigeria from the FATF grey list marks a major
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UAE: FTA issues guidance on transitional corporate tax for real estate
Regfollower Desk The UAE Federal Tax Authority (FTA) has issued Corporate Tax Public Clarification CTP009, providing guidance on applying transitional rules for real estate developers who are Taxable Persons under the UAE corporate tax
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Tunisia: Government to widen scope of mandatory e-invoicing under 2026 Finance Bill
Regfollower Desk Tunisia's government has proposed significant updates to its electronic invoicing (e-invoicing) framework under the 2026 Finance Bill, announced on 14 October 2025. At present, the obligation applies only to B2G transactions
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South Africa: SARS extends deadlines for global minimum tax filings
Regfollower Desk The South African Revenue Service (SARS) has extended several initial compliance deadlines under the Global Minimum Tax (GloBE) requirements. The announcement was made in Government Notice No. 6763, published in the Government
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Turkey: Grand National Assembly to review draft omnibus bill with wide tax, social security changes
The bill proposes major amendments to income tax, social security, fees, and sector-specific regulations. Regfollower Desk Turkey presented a draft omnibus bill on 17 October 2025 to the Grand National Assembly, containing several proposed
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