Kenya pursues US trade agreement, requests five-year extension to Africa pact
Kenyan President William Ruto aims to finalise a landmark trade deal with the US by the end of 2025, seeking a five-year AGOA extension to boost exports like tea, coffee, and textiles, while exploring new export sectors. Kenyan President
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UAE: MoF signs CARF agreement to share crypto tax data, opens public consultation
The consultation ends on 8 November 2025. The UAE’s Ministry of Finance ( MOF) has signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF), following its
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Kuwait, San Marino tax treaty enters into force
Signed on 27 September 2024, this is the first income tax treaty between the two jurisdictions. The income and capital tax treaty between Kuwait and San Marino entered into force on 14 May 2025. Signed on 27 September 2024, this is the first
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Senegal: DGID suspends CbC reporting obligations for FY 2023, 2024
Multinational enterprises with operations in Senegal are not obliged to file country-by-country reports (CbCR) for the FY 2023-2024. Senegal’s tax administration, the Directorate General of Taxes and Domains (DGID), announced in a social
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Serbia, Egypt FTA enters into force
Serbia is the only country in the region to sign an FTA with Egypt. The Free Trade Agreement (FTA) between Serbia and Egypt entered into force on 1 September 2025. It provides preferential access for products originating in Serbia to a market
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Guernsey ratifies tax treaty with Bahrain
This is the first income tax treaty between the two jurisdictions. Guernsey approved the 2024 income tax treaty with Bahrain through the income tax Ordinance that formalised the agreement on 3 September 2025. The treaty, signed on 29
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Turkey: Finance and Treasury Ministry updates VAT rules
Turkey issued Communiqué No. 55 clarifying VAT exemptions, import calculations and refund procedures under Law No. 7555. The Turkish Ministry of Treasury and Finance has issued General Communiqué No. 55 on 4 September 2025, updating the Value
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Morocco: Central bank holds interest rate unchanged amid global uncertainties
The Central Bank cited ongoing global and domestic uncertainties, including trade tensions, conflicts in the Middle East and Ukraine and water shortages affecting crops behind the decision. The Central Bank of Morocco kept its benchmark interest
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Czech Republic, Kenya sign income tax treaty
This is the first-ever income tax treaty between the two countries. The Czech Republic and Kenya signed an income tax treaty on 23 September 2025. The agreement aims to eliminate double taxation of income and prevent tax evasion between the
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Nigeria: CBN cuts key interest rate to 27%
The central bank reduced the monetary policy rate (MPR) by 50 basis points to 27.00%. Nigeria's central bank, Central Bank of Nigeria (CBN), has reduced its monetary policy rate (MPR) for the first time since 2020, cutting it by 50 basis points
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Malawi: Government amends customs and excise rules to streamline procedures, enhance compliance
The regulation amends and streamlines procedures, enhances compliance, and enforces penalties related to foreign exchange and export transactions. Malawi’s government has introduced new regulations to update its customs and excise laws on 1
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Egypt ratifies second protocol to UAE tax treaty
Egypt ratified a second protocol to its UAE tax treaty. Egypt has ratified a second protocol amending its 2019 agreement with the UAE on the avoidance of double taxation and the prevention of tax evasion concerning income taxes. The protocol
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Tunisia introduces new e-invoicing requirements for B2B companies
Tunisia requires businesses to use e-invoicing from 1 July 2025, with penalties ranging from TND 100–500 per invoice and up to TND 50,000 for noncompliance. Tunisia has introduced new e-invoicing requirements through Administrative Note No.
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UAE: CBUAE lowers the base rate by 25 basis points
This announcement was made by CBUAE on Thursday, 18 September 2025. The adjustment took effect on the same day. The Central Bank of the UAE (CBUAE) has lowered the Base Rate for the Overnight Deposit Facility (ODF) by 25 basis points, reducing it
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Ethiopia: House of Representatives pass income tax reform, introduces changes to corporate and alternative minimum tax
The amendments aim to modernise Ethiopia’s tax system, improve compliance, simplify procedures, and broaden the tax base to include emerging and digital sectors. The Ethiopian House of Peoples’ Representatives approved the Income Tax
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Slovak Republic: Parliament approves amending protocol to tax treaty with Iran
The Slovak Republic and Iran signed a protocol amending the 2016 Iran-Slovak Republic income tax treaty on 9 April 2025. The Slovak Republic’s parliament gave its approval to a protocol amending the 2016 income tax treaty with Iran on 16
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Nigeria mandates withholding tax on interest from short-term securities
FIRS announced that interest from short-term securities investments will now be subject to withholding tax. Nigeria’s Federal Inland Revenue Service (FIRS) issued a public notice on 17 September 2025, mandating withholding of tax on interest
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South Africa: SARS consults customs rules for transfer pricing adjustments
The consultation is set to conclude on 3 October 2025. The South African Revenue Service (SARS) has initiated a public consultation regarding draft changes to the rules under sections 40, 41, and 120 of the 1964 Customs and Excise Act, relating
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