Madagascar implements amended OECD-Council of Europe Tax Assistance Convention
Madagascar’s participation in the OECD–Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 Protocol, took effect on 1 November 2025. The Convention will generally be applicable in Madagascar
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Liberia: Government announces 2026 draft budget, introduces presumptive corporate income tax
Liberia’s Ministry of Finance and Development Planning delivered the draft national budget for 2026, on 11 November 2025, focusing on fostering an inclusive economy, safeguarding stability, and delivering real, tangible improvements for its
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UAE: MoF updates administrative penalties for tax violations
The UAE Ministry of Finance has issued a consolidated version of Cabinet Decision No. 40 of 2017, which outlines administrative penalties for tax law violations, as updated by Cabinet Decision No. 129 of 9 October 2025. The updated decision
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Kenya: KRA to cross-check tax returns against official data sources
The Kenya Revenue Authority announced on 11 November 2025 that, beginning 1 January 2026, it will start cross-checking income and expenses reported in both individual and non-individual tax returns against specific data sources. Validation of
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South Africa: SARB updates rules for income transfers under exchange control
The South African Reserve Bank (SARB) issued Exchange Control Circular 15/2025 on 22 October 2025, revising provisions in the Currency and Exchanges Manual for Authorised Dealers. The amendments focused on income transfers and tax compliance,
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Kenya: KRA launches automated payment plan for tax liabilities
The Kenya Revenue Authority has released a public notice announcing the rollout of automated payment plans for outstanding tax liabilities on 10 November 2025. Roll-out of Automated Payment Plan for Tax Liabilities The Kenya Revenue Authority
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Nigeria: FIRS calls on major taxpayers to adopt e-invoicing, electronic fiscal systems
Nigeria's Federal Inland Revenue Service (FIRS) issued a follow-up public notice on 6 November 2025, noting the steady progress recorded since the commencement of the National e-Invoicing and Electronic Fiscal System (EFS) on 1 August 2025. A
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Slovak Republic: President ratifies amending tax treaty protocol with Iran
The President of the Slovak Republic, Peter Pellegrini, signed the law ratifying the protocol to the 2016 income tax treaty with Iran. Signed on 9 April 2025, this is the first protocol to amend the treaty. The treaty between the Slovak
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Malawi: MRA extends transition period for electronic invoicing system
The Malawi Revenue Authority (MRA) announced on 4 November 2025 an extension of the transitional period for implementing the Electronic Invoicing System (EIS) from 1 November 2025 to 1 February 2026. This decision follows feedback from taxpayers
See MoreNigeria: NIPC introduces new economic development tax incentive regime
The Nigerian Investment Promotion Commission (NIPC) announced on 5 November 2025 that applications for the Pioneer Status Incentive (PSI) would close on 10 November 2025, ahead of the rollout of the new Economic Development Tax Incentive (EDTI)
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Turkey: Revenue Administration issues tax guide for associations, foundations
The Turkish Revenue Administration has published a comprehensive guide on 5 November 2025, explaining the tax obligations, exemptions, and reporting requirements for associations and foundations. The guide clarifies how non-profit entities are
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Saudi Arabia: ZATCA reminds firms of withholding tax forms submission deadline
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has reminded establishments subject to Withholding Tax in the Kingdom to submit their October 2025 withholding tax forms by 10 November. This announcement was made on 5 November
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India, Bahrain to negotiate for tax treaty
India and Bahrain have agreed to initiate negotiations on an income tax treaty, the two countries announced during their fifth High Joint Commission (HJC) meeting in New Delhi on 3 November 2025. The proposed treaty would mark the first tax
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Estonia ratifies income tax treaty with Oman
Estonia published the Decision No. 606 in the Official Gazette for the ratification of the income tax treaty with Oman on 4 November 2025. Signed on 27 October 2024, the agreement seeks to prevent double taxation and fiscal evasion between the
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Qatar: Tax Authority hosts workshop on tiered excise tax for sweetened beverages
Qatar’s General Tax Authority (GTA) announced, 6 October 2025, that they held an introductory workshop on the “Tiered Volume-Based Excise Tax Model” for sugar-sweetened beverages, bringing together representatives from various companies in
See MoreAlbania, Chile, UAE sign addendum to the CRS MCAA
OECD reported that Albania, Chile, and the United Arab Emirates (UAE) have signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA). The Addendum to the CRS MCAA
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Ethiopia, EU sign financing agreement to support 2025 reform and recovery plan
The Ethiopian Ministry of Finance (MoF) and the European Union (EU) have signed a EUR 90 million financing agreement for the Annual Action Plan (AAP)-2025. This agreement acknowledges Ethiopia’s unique context, specifically the ongoing deep
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Zambia: MoF presents 2026 budget, promotes corporate investments in key sectors
Zambia’s Ministry of Finance and National Planning delivered the 2026 Budget Speech to the National Assembly on 26 September 2025, announcing a series of revenue measures aimed at strengthening domestic resource mobilisation, supporting small
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