Chad approves ratification of income tax treaty with UAE
Chad approves ratification of its first income tax treaty with the UAE. Chad’s lower house of Parliament (National Assembly) passed legislation authorising the President to ratify the income tax treaty with the UAE on 24 June 2025. Chad and
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Egypt amends VAT law to broaden tax base and target key sectors
The amended VAT law focuses on expanding the tax base, addressing sectoral imbalances, and improving fiscal sustainability, while maintaining the current VAT rate. Egypt’s House of Representatives approved a series of amendments to VAT Law
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Hong Kong, Morocco end first round of tax treaty talks
Negotiations for the tax treaty began on 23 June 2025 and ended on 27 June 2025. Hong Kong and Morocco concluded the first round of negotiations of their first-ever income tax treaty on 27 May 2025. Negotiations for the tax treaty began on 23
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Saudi Arabia: ZATCA sets criteria for 23rd wave of e-invoicing integration
ZATCA will require businesses with VAT revenues over SAR 750,000 from 2022–2024 to join the 23rd e-invoicing integration phase starting 27 June 2025. The Saudi Zakat, Tax and Customs Authority (ZATCA) has announced the criteria for selecting
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Uganda: President signs broad tax reform bills, effective July 2025
The President approved the amendment of several taxation bills, introducing reforms to enhance revenue collection, starting 1 July 2025. Uganda’s President assented to several tax amendment bills on 30 June 2025, which will take effect on 1
See MoreSaudi Arabia announces e-invoicing integration criteria for group 23 taxpayers
ZATCA has set integration deadlines for Group 23 taxpayers—those with VAT-liable revenues above SAR 750,000 in 2022–2024—to connect their e-invoicing systems to the Fatoora platform between 1 January and 31 March 2026. The Saudi Zakat,
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Saudi Arabia extends tax penalty relief through 2025
Saudi Arabia has extended its tax penalty waiver initiative until 31 December 2025. The initiative offers relief from fines on late filings, payments, and e-invoicing violations. To qualify, taxpayers must submit outstanding returns and settle
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Nigeria, Rwanda sign income tax treaty
The treaty aims to boost investor confidence in both countries, especially in the technology, finance, agriculture, and logistics sectors. Nigeria’s Federal Ministry of Information and National Orientation announced on 27 June 2025 that it had
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Kenya enacts Finance Act 2025, reduces corporate tax rates
The Finance Act 2025 allows NIFCA-certified companies to benefit from reduced corporate tax rates, tax exemptions on dividends with reinvestment conditions. Kenya’s President William Ruto signed the Finance Act 2025 into law on 26 June
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Kuwait: Ministry of Finance details implementation of domestic minimum top-up tax
Kuwait’s Ministry of Finance issued Executive Regulations under Ministerial Resolution No. (55) of 2025 on 29 June 2025, detailing the implementation of the Domestic Minimum Top-Up Tax (DMTT) introduced by Decree-Law No. (157) of 2024. This
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UAE, Serbia trade deal enters into force
The UAE–Serbia CEPA entered into force on 1 June 2025, eliminating tariffs on over 95% of traded goods and expanding cooperation in services, investment, and digital trade. The Comprehensive Economic Partnership Agreement (CEPA) between the UAE
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Andorra, Montenegro tax treaty enters into force
The Andorra-Montenegro tax treaty introduces new rules on income, capital gains, and withholding taxes, with effect from 1 January 2026. The income and capital tax treaty between Andorra and Montenegro entered into force on 1 July 2025, following
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Ethiopia issues new VAT proclamation on cross-border digital services
Ethiopia now imposes a 15% VAT on nonresident digital service providers, with new registration and compliance rules. Ethiopia’s Ministry of Finance has issued VAT Proclamation No. 1341/2024, introducing a 15% value-added tax on digital
See MoreNigeria: President approves four new tax reform bills
The new legislation comprises the Nigeria Tax Act, the Nigeria Tax Administration Act, the National Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act. Nigeria’s President Bola Tinubu has signed four major tax
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India, Oman tax treaty protocol enters into force
India and Oman have implemented the first amending protocol to their 1997 tax treaty, introducing BEPS-aligned measures, reduced withholding tax rates, and updated provisions on residency, non-discrimination, and information exchange. The
See MoreKenya, Japan consult on proposed tax treaty
Comments are due by 23 July 2025. Kenya's National Treasury announced on 23 June 2025 that it is consulting on a proposed income tax treaty with Japan. Any resulting agreement will be the first treaty between the two countries and aims to
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Luxembourg: Chamber of Deputies ratify income and capital tax treaty with Oman
Luxembourg’s Chamber of Deputies approved the ratification of the income and capital tax treaty with Oman on 25 June 2025, following earlier approval by the Council of State on 3 June. Luxembourg's Chamber of Deputies gave its approval for the
See MoreSaudi Arabia revises zakat rules on residency, exemptions, and base calculation
ZATCA has amended Zakat regulations, revising residency criteria, exemption conditions, Zakat base calculation, and group filing requirements. Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) issued new amendments to the Zakat Collection
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