Market Briefing™
Ireland's 15% rate for large groups sits beside the 12.5% trading rate
Ireland applies Pillar Two to groups with EUR 750 million or more in revenue; everyone else keeps 12.5% on trading income.
/ 01THE INTELLIGENCE LIBRARY11 ITEMS
Research organised around business decisions.
Find sourced intelligence by corridor, market, sector and business question. Every published item identifies what changed, why it matters, what remains uncertain and when it was last reviewed. How research is reviewed.
Regulatory Note™
Singapore's 15% minimum tax for large groups is in force
The Multinational Enterprise (Minimum Tax) Act 2024 applies to financial years starting on or after 1 January 2025.
Regulatory Note™
Singapore removes the end date on its share-gains safe harbour
Budget 2025 removed the sunset for section 13W and extended it to preference shares and group-level testing.
Regulatory Note™
EU renews UK data adequacy until December 2031
Personal data can keep flowing from the EEA to the UK without extra transfer tools for at least six more years.
Regulatory Note™
Hong Kong enacts the global minimum tax and HKMTT
The minimum tax ordinance was enacted on 6 June 2025 and applies to large groups from 2025.
Regulatory Note™
Hong Kong's foreign-sourced income exemption now covers all disposal gains
Since 1 January 2024, offshore gains on any asset received in Hong Kong by a multinational group member can be taxed unless the exemption conditions are met.
Regulatory Note™
Germany legislates a corporate tax cut to 10% by 2032
The 15% corporation tax falls one point a year from 2028, changing the medium-term cost of a German subsidiary.
Regulatory Note™
India taxes foreign companies at 35%; domestic subsidiaries can elect 22%
The rate for foreign companies and branches fell from 40% to 35% from FY 2024-25; a domestic subsidiary can choose 22% under section 115BAA.
Market Briefing™
The Netherlands keeps its 19% and 25.8% corporate tax rates for 2027
No change to the two brackets or the €200,000 threshold; the innovation box stays at an effective 9%.
Regulatory Note™
Saudi government contracts require a regional headquarters in the Kingdom
Since 1 January 2024, Saudi government entities may not contract with multinationals whose regional headquarters is outside Saudi Arabia, with narrow exceptions.
Regulatory Note™
UAE corporate tax: what a free zone licence does and does not change
Corporate tax is 0% up to AED 375,000 and 9% above it; free zone companies pay 0% only on qualifying income, and only while they meet the conditions.