World Tax News: Global Tax Updates – South Korea, Pakistan & Colombia

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  • Last Updated on 23 August, 2025

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World Tax News South Korea tax proposals AI tax incentives Pakistan digital tax repeal Colombia sports tax benefits global tax updates

Editorial Team – [2025] 177 taxmann.com 261 (Article)

Introduction to World Tax News


World Tax News offers a concise weekly update on significant tax developments from different parts of the globe. These brief highlights provide a snapshot of important policy changes, legislative updates, and tax incentives shaping international economies.

South Korea’s 2025 Tax Proposals


South Korea has unveiled its 2025 tax proposals, placing strong emphasis on fostering innovation and economic growth. Key measures include introducing incentives to support artificial intelligence (AI) initiatives, implementing aspects of the OECD’s Pillar Two global minimum tax framework, and offering investment reliefs to encourage both domestic and foreign investment.

Pakistan’s Repeal of Digital Presence Proceeds Tax


In a significant policy change, Pakistan has officially repealed the ‘Digital Presence Proceeds Tax’ with effect from 1 July 2025. This move aims to simplify the tax regime for digital businesses operating in Pakistan and to align the country’s tax policies more closely with international practices.

Colombia’s Tax Benefits for Sports and Recreation


Colombia has enacted new tax incentives targeted at promoting sports and recreational activities. These benefits are designed to stimulate private investment in infrastructure and programs that enhance community engagement, healthy lifestyles, and the overall development of the sports sector.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied