Ethiopia updates VAT registration rules, expands scope
Ministry of Finance issued Directive No. 1104/2025, requiring certain taxpayers to register for VAT and start collection within 30 days. Ethiopia’s Ministry of Finance issued Directive No. 1104/2025 on 3 September 2025, outlining updated
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Lebanon: Government tables 2026 budget law draft, introduces amendments to corporate income tax
Lebanon submitted its 2026 Draft Budget Law to the Council of Ministers, proposing wide-ranging reforms across corporate tax, VAT, customs, excise duties, digitalisation, and tax incentives, including stricter deduction rules, and targeted
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Jersey signs income tax treaty with Bahrain
Jersey,Bahrain treaty aims to prevent double taxation and boost growth. The Government of Jersey signed an income tax treaty with Bahrain on 16 September 2025. Under the agreement, Jersey individuals and companies in Bahrain will avoid
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Angola, Nigeria to negotiate for tax treaty
If an agreement is reached, it will eliminate double taxation with respect to taxes on income and prevent tax evasion and avoidance. Angola and Nigeria will be negotiating for establishing an income tax treaty between the two countries. If an
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Oman: OTA launches tax refund services on e-portal for embassies, diplomats
This initiative aligns with Article 87 of the VAT Law and Article 37 of the Excise Tax Law, granting embassies and diplomatic missions the right to request refunds on qualifying goods and services. The Oman Tax Authority (OTA) announced the
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Bahrain: NBR updates transportation VAT guidelines
The Transportation Guide is for general information purposes only. It reflects the NBR’s current views but does not carry legal authority. The Bahraini National Bureau for Revenue (NBR) published an updated version of the Value Added Tax (VAT)
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Saudi Arabia gazettes implementing regulations for ‘White Land Tax’
The updated White Land and Vacant Real Estate Tax Law now covers undeveloped urban land and empty buildings to curb land hoarding and support sustainable urban growth. Saudi Arabia published the implementing regulations for the White Land Tax in
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UAE: FTA urges timely filing, payment of corporate tax to avoid penalties
The FTA explained that late submission of a Tax Return or a delay in settling the Corporate Tax Payable will result in an administrative penalty of AED 500 for each month, or part thereof, during the first 12 months, increasing to AED 1,000 for
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South Africa: SARS issues update on Pillar 2 global minimum tax implementation
The implementation of the GloBE Model Rules in the GMT legislation enables South Africa to impose a multinational top-up tax at a rate of 15% on the excess profits of in-scope MNE Groups. The South African Revenue Service (SARS) has issued an
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Bahrain: NBR updates guidance on Domestic Minimum Top-Up Tax
The guidance clarifies scope, exclusions, and safe harbors. Bahrain’s National Bureau for Revenue (NBR) published an updated guidance on 12 August 2025 concerning the 15% Domestic Minimum Top-Up Tax (DMTT), effective from 1 January 2025. The
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South Africa: SARS updates official average exchange rates for tax calculations
SARS updated average exchange rates for key currencies effective from 3 September 2025. The South African Revenue Services (SARS) released updated Average Exchange Rates on 3 September 2025, providing essential data for calculations. The
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Greece enacts tax treaty with UAE
Greece ratified the tax treaty with UAE retroactively, ensuring the continued application of their 2010 agreement. Greece enacted Law 5228/2025 on 8 September 2025, ratifying the exchange of verbal notes with the UAE, ensuring the 2010
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Saudi Arabia: MoF consults multinational regional headquarters rules
MoF has initiated a consultation on Regional Headquarters (RHQ) rules set to run from 9 September-9 October, 2025. The Saudi Ministry of Finance (MoF) launched a public consultation on 9 September 2025 regarding draft rules for licensing and
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Turkey restricts simple method in business taxation
Certain businesses in metropolitan areas must use the real tax method from 2026. The Turkish government issued Presidential Decision No. 10380, published in the Official Gazette on 9 September 2025, introducing changes to business taxation under
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South Africa: National Treasury withdraws amendment on hybrid equity instruments
National Treasury has retracted its proposal to amend the definition of “hybrid equity instrument” in section 8E of the Income Tax Act following industry concerns. South Africa's National Treasury confirmed that the proposal in the 2025 draft
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Nigeria gazettes tax reform acts, updates corporate and minimum effective tax rates
The Nigeria Tax Act 2025 and the Nigeria Tax Administration Act 2025, which will take effect on 1 January 2026, as well as the Nigeria Revenue Service (Establishment) Act 2025 and the Joint Revenue Board (Establishment) Act, which came into force on
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South Africa: SARS consults on draft tax exemption guidance
Comments on the draft Note must be submitted by 10 October 2025. The South African Revenue Service (SARS) has initiated a public consultation on a draft interpretation note on the income tax exemption applicable to bodies corporate, share block
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Iran, Oman sign IPA
The IPA agreement aims to lower investment risks between the two countries. Iran and Oman signed an Investment Protection Agreement (IPA) on 27 May 2025. IPAs aim to have the participating national governments commit to lowering investment
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