International desk
Material tax-policy, international-tax and regulatory developments beyond the GCC, selected for cross-border consequence.
IRAS guidance separates qualifying expenditure-based incentives from income-based relief. Investment models need a scheme-by-scheme review, not a headline-rate shortcut.
Newsroom
Government amendment I-3734 is a proposal, not enacted relief. Groups with French operations should distinguish IIR/UTPR protection from domestic top-up tax.
Budget 2027 signals a hub-and-treasury opportunity. GCC groups should evaluate qualifying income and operating substance before pricing in a tax saving.
New confidentiality and cybersecurity guidance offers a reference for tax administrations; a separate AI resource is available on request.
The Council agreed key elements of its negotiating position on the market integration and supervision package on 9 October. The position still requires finalisation and formal adoption; negotiations can begin once Parliament adopts its own position.
On 11 September the OECD/G20 Inclusive Framework released a full legislative-review methodology, an updated GloBE Information Return and administrative guidance. The package addresses consistency between implementing jurisdictions and the information multinational groups supply.
The Council removed Panama and Viet Nam from Annex I of the EU list on 9 October and moved them to Annex II pending further Global Forum reviews. Belize was removed from Annex II after fulfilling its commitments.
An IMF analysis published on 5 October argues that stronger anti-avoidance rules are changing international corporate-tax competition. Its evidence indicates that reported profits have become less responsive to tax-rate differences, while real investment has become more responsive.
On 15 September the European Parliament adopted amendments to the proposal extending the Carbon Border Adjustment Mechanism to downstream goods and strengthening anti-circumvention measures. The file, 2025/0419(COD), was referred back to committee for interinstitutional negotiations.
The Council formally adopted amendments to the ETS2 market stability reserve on 9 October. The changes are intended to improve liquidity and contain excessive allowance-price increases ahead of the system's planned full launch in 2028.
Regulation (EU) 2026/2108 was signed on 16 September, published on 19 September and entered into force on 20 September. This update replaces the earlier account describing Parliament approval and publication as pending.
The 92-jurisdiction review finds stable average corporate rates alongside investment incentives, sector levies, VAT digitalisation and health-tax reform.
VAT declared through the EU’s OSS and IOSS schemes reached €38.8bn in 2025, up 17%, while Single VAT Registration implementation moves toward 2027.
Public comments on the proposed transfer-pricing revisions were published on 24 August, with an OECD consultation meeting scheduled for 9 November 2026.
The Multilateral BEPS Convention entered into force for Montenegro on 1 September 2026 following its May ratification deposit.