Congo (DRC) becomes 35th Yaoundé declaration signatory
The Democratic Republic of the Congo officially joined the Yaoundé declaration on 22 November 2025, when the Hon. Dudu Fwamba Likunde Li-Botayi, Minister of Finance, endorsed the initiative. The move underscores the country’s commitment to
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Oman: OTA issues draft e-invoicing data dictionary
The Oman Tax Authority (OTA) has released the draft e-invoicing data dictionary to selected taxpayers ahead of the August 2026 rollout. It defines standard data elements, validation rules, and code lists for all transaction types across B2B, B2C,
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Ghana: Parliament approves Value Added Tax Bill 2025
Ghana’s Parliament has passed the Value Added Tax 2025 on 27 November 2025. The purpose of the Bill is to revise and consolidate the framework governing the Value Added Tax. Presenting the Finance Committee’s report to Parliament, the
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Angola, Vietnam conclude first round of tax treaty talks
Angola and Vietnam officials held their initial discussions on an income tax treaty from 25 to 27 November 2025 in Hanoi. If concluded, this agreement would mark the first tax treaty between the two nations. The treaty will need to undergo
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Rwanda: Cabinet approves tax treaty with Hong Kong
Rwanda’s Cabinet has approved the ratification of the income tax treaty with Hong Kong on 28 November 2025. The treaty, signed on 9 October 2025, marks the first agreement of its kind between the two jurisdictions. The agreement aims to
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Ethiopia, Germany sign new development cooperation treaty
Ethiopia and Germany concluded high-level development cooperation talks in Berlin, signing a new treaty confirming continued German support for Ethiopia’s reform agenda. Germany committed EUR 106 million in bilateral sectoral funding, plus an
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UAE: MoF decree revises tax refund timeframes, extends FTA audit powers beyond limitation periods
The UAE’s Ministry of Finance (MoF) announced, on 29 November 2025, that the issuance of Federal Decree-Law No. (17) of 2025 amending certain provisions of Federal Decree-Law No. (28) of 2022 on Tax Procedures, as part of the its continuous
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Zimbabwe: Government announces 2026 budget, proposes digital services withholding tax
Zimbabwe’s Ministry of Finance, Economic Development, and Investment Promotion (MoFEDIP) has presented the 2026 national budget to the Parliament on 27 November 2025, proposing higher VAT rates and digital service withholding taxes. The
See MoreUAE, Ivory Coast income tax treaty enters into force
The UAE Ministry of Finance has confirmed that the income tax treaty with the Ivory Coast entered into force on 14 December 2023. The treaty was signed on 24 November 2021. The agreement applies to various Ivory Coast taxes. It includes taxes
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UAE details fines for e-invoicing violations
The UAE Ministry of Finance has detailed penalties for violations of the country’s Electronic Invoicing System under Cabinet Decision No. 106 of 2025. The Decision, approved by the UAE Cabinet and presented by the Minister of Finance, follows a
See MoreUAE, Benin income tax treaty enters into force
The UAE Ministry of Finance has announced that the income tax treaty with Benin entered into force on 23 January 2025. Originally signed on 4 March 2013, the agreement applies to personal, corporate, and single trade taxes in Benin, as well as
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Egypt: Central Bank maintains key policy rates steady amid inflation concerns
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to maintain the country’s key policy rates: the overnight deposit rate at 21% , the overnight lending rate at 22.00%, and the rate of the main operation at 21.50%.
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Kuwait: MoF sets digital formats for 2025/2026 budget submissions
Kuwait’s Minister of Finance has released a comprehensive administrative circular on outlining the required formats for submitting budget and operational documents for the 2025/2026 fiscal year. The directive covers all major financial areas,
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Turkey gazettes procedural changes for taxpayers, revised financial thresholds ahead of 2026
Turkey’s Official Gazette has released two new tax communiqués, Series No. 584 and No. 585, detailing important procedural changes for taxpayers and revised financial thresholds for the year ahead. Simple Procedure Transition (Communiqué
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Kenya: KRA issues reminder on implementation of electronic tax invoicing for fuel stations
The Kenya Revenue Authority (KRA) issued a public notice on 25 November 2025, reminding all petroleum product retailers of their obligation to implement the eTIMS Fuel Station System across their retail outlets. The compliance deadline for
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UAE, China sign MoU on tax cooperation
The UAE’s Federal Tax Authority (FTA) has signed a Memorandum of Understanding (MoU) with the State Taxation Administration of China (STA) to strengthen bilateral cooperation in tax-related matters on 20 November 2025. The MoU was signed by HE
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South Africa: SARS lowers official interest rate for taxing low-interest loans
The South African Revenue Service (SARS) has updated its Table 3, reducing the official interest rate used to tax interest-free or low-interest loans from 8.00% to 7.75%, effective 1 December 2025. Under the Income Tax Act, a taxable fringe
See MoreUAE: FTA publishes corporate tax payment guide
The UAE Federal Tax Authority released the Taxpayer User Manual: Corporate Tax Payments on 10 November 2025. The guide is designed to help registered corporate taxpayers navigate the FTA EmaraTax portal and complete their corporate tax payments
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