UAE: MoF decree revises tax refund timeframes, extends FTA audit powers beyond limitation periods
The UAE’s Ministry of Finance (MoF) announced, on 29 November 2025, that the issuance of Federal Decree-Law No. (17) of 2025 amending certain provisions of Federal Decree-Law No. (28) of 2022 on Tax Procedures, as part of the its continuous
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Zimbabwe: Government announces 2026 budget, proposes digital services withholding tax
Zimbabwe’s Ministry of Finance, Economic Development, and Investment Promotion (MoFEDIP) has presented the 2026 national budget to the Parliament on 27 November 2025, proposing higher VAT rates and digital service withholding taxes. The
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UAE, Ivory Coast income tax treaty enters into force
The UAE Ministry of Finance has confirmed that the income tax treaty with the Ivory Coast entered into force on 14 December 2023. The treaty was signed on 24 November 2021. The agreement applies to various Ivory Coast taxes. It includes taxes
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UAE details fines for e-invoicing violations
The UAE Ministry of Finance has detailed penalties for violations of the country’s Electronic Invoicing System under Cabinet Decision No. 106 of 2025. The Decision, approved by the UAE Cabinet and presented by the Minister of Finance, follows a
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UAE, Benin income tax treaty enters into force
The UAE Ministry of Finance has announced that the income tax treaty with Benin entered into force on 23 January 2025. Originally signed on 4 March 2013, the agreement applies to personal, corporate, and single trade taxes in Benin, as well as
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Egypt: Central Bank maintains key policy rates steady amid inflation concerns
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to maintain the country’s key policy rates: the overnight deposit rate at 21% , the overnight lending rate at 22.00%, and the rate of the main operation at 21.50%.
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Kuwait: MoF sets digital formats for 2025/2026 budget submissions
Kuwait’s Minister of Finance has released a comprehensive administrative circular on outlining the required formats for submitting budget and operational documents for the 2025/2026 fiscal year. The directive covers all major financial areas,
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Turkey gazettes procedural changes for taxpayers, revised financial thresholds ahead of 2026
Turkey’s Official Gazette has released two new tax communiqués, Series No. 584 and No. 585, detailing important procedural changes for taxpayers and revised financial thresholds for the year ahead. Simple Procedure Transition (Communiqué
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Kenya: KRA issues reminder on implementation of electronic tax invoicing for fuel stations
The Kenya Revenue Authority (KRA) issued a public notice on 25 November 2025, reminding all petroleum product retailers of their obligation to implement the eTIMS Fuel Station System across their retail outlets. The compliance deadline for
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UAE, China sign MoU on tax cooperation
The UAE’s Federal Tax Authority (FTA) has signed a Memorandum of Understanding (MoU) with the State Taxation Administration of China (STA) to strengthen bilateral cooperation in tax-related matters on 20 November 2025. The MoU was signed by HE
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South Africa: SARS lowers official interest rate for taxing low-interest loans
The South African Revenue Service (SARS) has updated its Table 3, reducing the official interest rate used to tax interest-free or low-interest loans from 8.00% to 7.75%, effective 1 December 2025. Under the Income Tax Act, a taxable fringe
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UAE: FTA publishes corporate tax payment guide
The UAE Federal Tax Authority released the Taxpayer User Manual: Corporate Tax Payments on 10 November 2025. The guide is designed to help registered corporate taxpayers navigate the FTA EmaraTax portal and complete their corporate tax payments
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Mauritius revises tax treaty protocols with Oman, Rwanda
The Mauritius Revenue Authority has announced that discussions are in progress to revise the protocols for the 1998 tax treaty with Oman and the 2013 tax treaty with Rwanda. So far Mauritius has concluded 46 tax treaties and is party to a series of
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Angola: National Assembly approves 2026 budget, proposes several tax law modifications
Angola’s parliament has approved the General State Budget for 2026 on 19 November 2025, introducing amendments to several tax laws. The key amendments are: Corporate Tax Reforms Electronic filing mandate: General and simplified regime
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Azerbaijan, Israel conclude fourth Joint Economic Commission
The fourth session of the Joint Economic Commission between Azerbaijan and Israel was held on 20 November 2025 in Jerusalem, co-chaired by Azerbaijani Economy Minister Mikayil Jabbarov and Israeli Minister Zeev Elkin. The meeting highlighted the
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Ecuador updates tax haven list, removes UAE
Ecuador has removed the UAE from its list of tax havens under Resolution No. NAC-DGERCGC25-00000037, published in the Official Registry on 17 November 2025. As a result, anti-tax-haven measures, including higher withholding tax rates and
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Saudi Arabia: ZATCA urges VAT-registered business to file October returns
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has urged VAT-registered businesses with goods and services revenues over SAR 40 million to file their October 2025 tax returns by 30 November 2025. This announcement was made on 20
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Ghana: MoF presents 2026 budget, proposes VAT reforms
Ghana's Ministry of Finance has presented the 2026 Budget Speech to parliament on 13 November 2025, introducing various tax measures, including VAT reforms. The key tax measures are as follows: VAT reforms Ghana's government is proposing
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