Nigeria to levy withholding tax on short-term security interest
RF Report Nigeria's tax authority, the Federal Inland Revenue Service (FIRS), has issued a directive mandating banks, stockbrokers, and other financial institutions to apply a 10% withholding tax on interest earned from investments in short-term
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FATF removes Nigeria from grey list
RF Report Nigeria has been officially removed from the Financial Action Task Force (FATF) grey list, according to a release from the Ministry of Finance on 26 October 2025. The removal of Nigeria from the FATF grey list marks a major
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UAE: FTA issues guidance on transitional corporate tax for real estate
Regfollower Desk The UAE Federal Tax Authority (FTA) has issued Corporate Tax Public Clarification CTP009, providing guidance on applying transitional rules for real estate developers who are Taxable Persons under the UAE corporate tax
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Tunisia: Government to widen scope of mandatory e-invoicing under 2026 Finance Bill
Regfollower Desk Tunisia's government has proposed significant updates to its electronic invoicing (e-invoicing) framework under the 2026 Finance Bill, announced on 14 October 2025. At present, the obligation applies only to B2G transactions
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South Africa: SARS extends deadlines for global minimum tax filings
Regfollower Desk The South African Revenue Service (SARS) has extended several initial compliance deadlines under the Global Minimum Tax (GloBE) requirements. The announcement was made in Government Notice No. 6763, published in the Government
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Turkey: Grand National Assembly to review draft omnibus bill with wide tax, social security changes
The bill proposes major amendments to income tax, social security, fees, and sector-specific regulations. Regfollower Desk Turkey presented a draft omnibus bill on 17 October 2025 to the Grand National Assembly, containing several proposed
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Turkey revises special consumption tax for mobile phones
Turkey raised mobile phone SCT thresholds to cut prices for devices up to TRY 9,000. Regfollower Desk Turkey has revised the special consumption tax (SCT) base thresholds for mobile phones under Presidential Decision No. 10521, published in
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Estonia: Parliament approves tax treaty with Oman
Parliament ratified the 2024 income tax treaty with Oman to prevent double taxation and fiscal evasion. The Estonian Parliament approved the Estonia - Oman Income Tax Treaty (2024), by way of Bill No. 692 SE on 23 October 2025. Signed on 27
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New tax treaty between India, Qatar enters into force
 The treaty became effective upon the exchange of ratification instruments and superseded the 1999 tax treaty between the two countries. India issued Notification No. 154/2025/F on 24 October 2025, signaling that the updated income tax treaty
See MoreFATF removes South Africa from grey list
Revenue Service welcomed FATF’s decision to delist the country, marking progress in combating financial crime and strengthening the financial system. The South African Revenue Service (SARS) welcomed the decision by the Financial Action Task
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Kenya: KRA announces tax compliance certificate (TCC) enhancements
To obtain a TCC, taxpayers must be registered in eTIMS/TIMS, file and pay all taxes on time, settle outstanding liabilities or have an approved payment plan, and maintain VAT compliance. The Kenya Revenue Authority (KRA) issued a public notice on
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Israel: MoF issues draft law to implement global Pillar 2 rules
This draft legislation outlines the framework for establishing a local minimum tax on multinational corporations, ensuring alignment with international agreements to implement a global minimum tax. Israel’s Ministry of Finance has taken a
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Zambia: ZRA introduces 10% excise duty on gaming, betting
Revenue Authority introduced a 10% excise duty on gaming and betting, effective from September 2025, with payments due by the 15th of the following month. The Zambia Revenue Authority (ZRA) has confirmed the introduction of a 10% excise duty on
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UAE: MoF publishes list of recognised commodity reporting agencies
MoF listed 13 approved agencies for trading qualifying commodities. The UAE Ministry of Finance (MoF)Â published Ministerial Decision No. 230 of 2025 on 22 October 2025, listing the recognised reporting agencies for trading qualifying
See MoreTurkey: Revenue Administration sets 2025 third-period revaluation rate
The third provisional tax period of 2025 in accordance with paragraph (B) of Article 298-bis of the Tax Procedure Law No. 213. The Turkish Revenue Administration issued Corporate Tax Law Circular No. 5520/70 on 16 October 2025, announcing the
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Egypt drops special register requirement for tax accountants
Egypt cancels special register rule for tax accountants to ease procedures. The Egyptian Ministry of Finance cancelled Ministerial Decision No. 481 of 2023 on 19 October 2025, which mandated accountants to be included in a special register to
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Israel opens consultation on draft Law for local minimum tax aligned with OECD Pillar Two
Ministry of Finance invites public comments on a draft law introducing a local minimum tax for multinationals under the OECD’s Pillar Two framework. The Israeli Ministry of Finance has opened a public consultation on draft legislation to
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Israel, India sign bilateral investment agreement
This is India's first-ever investment agreement with Israel. Israel and India have signed a new bilateral investment agreement aimed at bolstering economic ties and encouraging mutual investments. The agreement, signed in New Delhi by Israel's
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