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
See MoreEthiopia 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
See MoreBahrain: 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
See MoreBahrain: 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
See MoreSouth 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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