UAE: Dubai Executive Council introduces framework for free zone companies to operate on the mainland
Dubai is allowing Free Zone companies to operate on the mainland under new branch and temporary permit rules. The Dubai Executive Council has issued Resolution No. (11) of 2025 on 9 October 2025, establishing a regulatory framework that allows
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South Africa: SARS urges non-provisional taxpayers to submit annual returns
ARS reminded non-provisional taxpayers to submit their annual income-tax returns, urging compliance and early filing. The South African Revenue Service (SARS) is reminding non-provisional taxpayers that the deadline to submit annual Income-Tax
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Namibia: Central bank lowers key interest rate
The Central Bank decided to lower the repo rate to support Namibia’s economy and maintain the Namibian Dollar–South African Rand currency peg. The Monetary Policy Committee (MPC) of the Bank of Namibia held its fifth bi-monthly meeting on
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Algeria presents draft finance bill for 2026 in parliament
The 2026 draft Finance Bill proposes comprehensive fiscal reforms, including amendments to corporate and personal income taxes, VAT, customs and excise duties, environmental taxes, and other administrative measures. Algeria's government has
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Ghana: GRA issues reminder on tax applicable to asset and liability gains
The notice mentions that a 25% tax applies to gains, with residents able to choose between the flat rate or regular income tax rates, while non-residents pay a final 25% tax on the gross proceeds. The Ghana Revenue Authority (GRA) has issued a
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Congo Republic ratifies income tax treaty with Turkey
Congo ratified its income tax treaty with Turkey, setting 10% withholding tax and easing double taxation. The Republic of the Congo published in the Official Gazette the law for the ratification of the income tax treaty with Turkey on 11
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UAE: FTA issues VAT guide on input tax apportionment
FTA issued VATGIT1 on Input Tax apportionment and special methods. The UAE Federal Tax Authority (FTA) has published a VAT guide on Input Tax Apportionment Value Added Tax - VATGIT1. The purpose of this guide is to provide guidance on Input
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Oman: Tax Authority introduces five-year withholding tax suspension for Omani vessels
Oman suspends withholding tax on Omani-flagged vessels to boost its maritime sector. Oman's Tax Authority has announced a five-year suspension of withholding tax on service contracts for vessels registered under the Omani flag, in a move aimed at
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Saudi Arabia: ZATCA urges WHT form submission for September 2025
ZATCA reminded Saudi businesses to submit September 2025 WHT forms by 12 October to avoid penalties, with a 1% charge for every 30-day delay. The Saudi Zakat, Tax and Customs Authority (ZATCA) has reminded businesses subject to Withholding Tax
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Turkey updates guidance on ‘invitation to explanation’ tax procedure
Turkey updated its Invitation to Explanation guide to clarify procedures and encourage voluntary tax compliance. Turkey’s Revenue Administration has issued an updated Invitation to Explanation Implementation guide to clarify the application of
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Egypt: Central bank lowers interest rate
Egypt’s central bank reduced its key interest rates, including the deposit, lending, main operation, and discount rates, by 100 basis points. The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) announced on 2 October 2025 to
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Kuwait ratifies income tax treaty with Qatar
The agreement seeks to eliminate double taxation and fiscal evasion between the two nations. Kuwait issued Decree-Law No. 142 of 2025 on 5 October 2025, as published in the Official Gazette, officially ratifying its income tax treaty with
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Saudi Arabia: ZATCA urges taxpayers to benefit from fines cancellation scheme
ZATCA urged taxpayers to use its fines and penalties exemption scheme before 31 December 2025. The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties
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Hong Kong, Rwanda sign income tax treaty
The agreement aims to prevent double taxation and foster economic cooperation between the two jurisdictions. Hong Kong and Rwanda signed an income tax treaty on 9 October 2025. The agreement aims to prevent double taxation and foster economic
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Azerbaijan, Oman to establish income tax treaty
Any resulting income tax treaty will be the first between the two nations. Officials from Azerbaijan and Oman convened on 8 October 2025 to explore opportunities for strengthening economic and investment ties, as reported by the Oman News
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Tax treaty between Croatia, Saudi Arabia enters into force
The treaty applies to Croatian profit tax, income tax, local income tax, and any related surcharges, as well as to Saudi income tax and Zakat. The Income and Capital Tax Treaty between Croatia and Saudi Arabia, signed on 4 December 2024, entered
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Belgium, Kenya sign income tax treaty
Representatives from Kenya and Belgium have signed a tax treaty aimed at eliminating double taxation and preventing tax evasion for individuals and businesses operating between the two countries. The agreement was signed on Tuesday, 30 September
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South Africa signs up for GIR MCAA
South Africa has signed the GIR MCAA, becoming the 21st jurisdiction to align multinational reporting with the OECD’s GloBE Rules.. According to an OECD update released on 8 October 2025, South Africa signed the Multilateral Competent Authority
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