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EU Plans Major Exemptions for Carbon Border Adjustment Mechanism
Brussels is set to exempt more than 80% of EU businesses eligible for the bloc’s Carbon Border Adjustment Mechanism (CBAM) under proposed...
Feb 11, 20252 min read
US Withdraws from UN Global Tax Treaty Negotiations, Citing Conflicting Priorities
The United States has officially withdrawn from negotiations concerning a new global tax treaty at the United Nations, as reported by...
Feb 7, 20252 min read
Trump Administration Rejects OECD’s Global Minimum Tax Deal
The Organisation for Economic Co-operation and Development (OECD) has pledged to maintain collaboration with the United States, despite...
Jan 23, 20252 min read
Trump Announces Creation of External Revenue Service to Collect Tariffs and Duties
President-elect Donald Trump has announced the creation of an External Revenue Service (ERS) that will be tasked with collecting tariffs,...
Jan 20, 20252 min read
Tax Systems Launches Pillar2 Software to Simplify OECD Pillar Two Compliance
Global tech provider Tax Systems has introduced a new software solution, Pillar2, aimed at helping businesses save time and minimize...
Jan 16, 20253 min read
Navigating Complexity in India’s Evolving Taxation Landscape
India’s taxation system has seen remarkable advancements over the years, evolving in tandem with the country’s economic growth. However,...
Jan 14, 20254 min read
PwC Australia Submits Final Compliance Report Amid Tax Leak Scandal Developments
PwC Australia has delivered its final compliance report to the Tax Practitioners’ Board (TPB), marking the conclusion of its obligations...
Jan 9, 20252 min read
Irish Government Reports €108 Billion in Tax Receipts for 2024, Boosted by Apple Tax Ruling
The Irish government reported total tax receipts of €108 billion ($112.6 billion) for the year 2024, it announced yesterday, January 6....
Jan 8, 20252 min read
Danish Tax Authority Pursues $1 Billion in US Fraud Trial Against American Investors
Danish tax authority Skatteforvaltningen (SKAT) is pressing forward with its efforts to recover over $1 billion in a high-profile fraud...
Jan 7, 20252 min read
Macau Government Reports $1 Billion in Gaming Tax Revenue for November
Macau's Financial Services Bureau (DSF) has revealed that the government collected MOP$8.0 billion (US$999 million) in gaming tax revenue...
Dec 13, 20241 min read
Parliament Approves Betting Tax Increase to Boost Club Revenues
The Plenary Session of Parliament has given its approval to a bill that raises the betting tax to 4.5%, with the intention of directing...
Dec 12, 20241 min read
Kuwait Proposes 15% Corporate Tax for All Businesses Under New Draft Rules
Kuwait’s Ministry of Finance has proposed the introduction of a 15% corporate income tax on all businesses, both local and foreign-owned,...
Dec 11, 20242 min read
Cyprus Faces Tax Policy Shift: The End of the 12.5% Era for Multinationals
The days of the favorable 12.5% corporate tax rate for multinational corporations operating in Cyprus are coming to an end....
Dec 9, 20243 min read
Power Outage Disrupts Zimbabwe's Budget Speech as Economic Struggles Persist
As Zimbabwe’s finance minister, Mthuli Ncube, wrapped up his presentation of the 2025 fiscal budget on Thursday, the parliamentary...
Dec 4, 20242 min read
IMF Urges Malta to Expedite Implementation of Global Minimum Tax
The International Monetary Fund (IMF) has recommended that Malta accelerate its adoption of the OECD’s global minimum tax on...
Nov 22, 20242 min read
UAE Corporate Tax Return Guide Highlights Key Requirements for Businesses
The United Arab Emirates' Federal Tax Authority (FTA) has released a comprehensive guide to assist businesses with completing their...
Nov 14, 20243 min read
European Commission Proposes Streamlined Pillar Two Filing System for Multinationals in the EU
On October 28, the European Commission unveiled a proposal aimed at simplifying the reporting obligations of multinationals operating...
Nov 1, 20242 min read
Greek Tax Office Deploys AI Algorithm to Combat Tax Evasion through Foreign Shell Companies
The Greek Tax Office has introduced a sophisticated algorithm capable of automatically detecting financial transactions directed abroad...
Oct 29, 20243 min read
UK Labour Government Considering Doubling Taxes on ‘Higher Harm’ Gambling Products
The UK’s Labour Government is exploring the possibility of doubling tax rates on gambling products deemed "higher harm," including online...
Oct 18, 20242 min read
Brazil's Adoption of OECD Pillar Two Rules Raises Questions on Timing and Compliance
Brazilian companies are scrambling to prepare for the implementation of new tax legislation under the OECD's pillar two framework, as...
Oct 17, 20243 min read
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