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
See MoreSouth 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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UAE: MoF issues new rules on qualifying and excluded activities in free zones
UAE issues Ministerial Decision No. 229 of 2025 on Free Zone corporate tax activities, effective from 1 June 2023. The UAE Ministry of Finance ( MOF) issued Ministerial Decision No. 229 of 2025 on 28 August 2025, which repeals Ministerial
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Iraq, Oman sign tax treaty
Iraq and Oman sign income and capital tax treaty Iraq and Oman signed the income and capital tax treaty on 3 September 2025. The agreement aims to eliminate double taxation and preventing evasion. It will take effect once the ratification
See MoreOman ratifies income tax treaty with Kazakhstan
Oman ratifies income tax treaty with Kazakhstan. Oman has issued a royal decree for the ratification of the income tax treaty with Kazakhstan on 4 September 2025. Signed on 29 May 2025, the agreement aims to eliminate double taxation and
See MoreTurkey issues general communiqué on corporate tax amendments
Turkey clarifies corporate tax reductions for certified investments in new Communiqué No. 24. The Ministry of Treasury and Finance issued General Communiqué No. 24 on 4 September 2025, amending the General Communiqué on Corporate Tax (No.
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Tanzania: TRA introduces 16% VAT on B2C online payments
The Tanzania Revenue Authority (TRA) has announced that a reduced VAT rate will apply to B2C online purchases made through banks or approved electronic payment platforms, effective 1 September 2025. TRA will implement a new VAT rate of 16%
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Kenya: KRA imposes new cap on carryforward of prior losses
The ruling limits loss carryforwards, applying to losses from 1 July 2025 onward and retrospectively disallowing deductions for losses before the 2020 income year. The Kenya Revenue Authority (KRA) issued a private ruling on 1 September 2025
See MoreRwanda completes ratification of tax treaty with Nigeria
The tax treaty is the first between the two countries, aiming to prevent double taxation and combat fiscal evasion between Rwanda and Nigeria. Rwanda has published Law No. 020/2025 in the Official Gazette on 28 August 2025, ratifying its
See MoreOman ratifies income tax treaty with Bahrain
This is the first income tax treaty between the two jurisdictions. The Sultan of Oman issued the royal decree 62/2025 for the ratification of the income tax treaty with Bahrain on 2 September 2025. The treaty, signed on 15 January 2025, is
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Zambia introduces 1% minimum tax, raises withholding tax on government bonds
Zambia’s 2025 tax update introduces a 1% turnover tax and raises government bond withholding tax to 20%. Zambia passed the Income Tax (Amendment) Act 2025 on 8 August 2025, with its publication in the Official Gazette following on 19 August
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Zambia: Supreme Court rules in ZRA v. Nestlé transfer pricing case
Zambia’s Supreme Court upholds ZRA’s transfer pricing audit on Nestlé Zambia, confirming low-risk distributor status and reinstating a ZMW 13.8 million tax assessment. The Supreme Court of Zambia delivered its decision on transfer pricing in
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Nigeria, Singapore IPA enters into force
Nigeria and Singapore first signed the IPA in November 2016. The 2016 Nigeria-Singapore Investment Protection Agreement (IPA) entered into force on 22 August 2025. Signed in November 2016, the agreement will remain valid for 10 years and can
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Botswana: Government proposes imposing VAT on digital services from nonresident providers
The key amendments focused on implementing a reverse-charge mechanism, setting rules for remote services, registration, tax periods, electronic fiscal devices, foreign currency reporting, and VAT representatives. Botswana’s Minister of Finance,
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