Australia unveils 2025-26 budget, proposes amendments to tax laws for managed investment trusts

At the meeting of the UN Tax Committee on 27 March 2025 the subcommittee dealing with indirect taxation matters put forward some potential issues that the next membership of the Tax Committee may wish to consider at future sessions. The subcommittee has identified some

On 25 March 2025 the Subcommittee on the Extractive Industries taxation presented to the UN Tax Committee a draft supplement to Chapter 5 (tax incentives) of the UN Handbook on Selected Issues for Taxation of the Extractive Industries; draft guidance on the Valuation of Mining

Russia's Federal Tax Service (FTS) issued Letter No. ШЮ-4-13/2827@ on 13 March 2025 about the notification of controlled transactions. It clarifies that from 2024, taxpayers must disclose the transfer pricing method used to justify the market (arm's length) price of a

On 26 March 2025 the UN Tax Committee discussed their transfer pricing work. Since the previous session of the Committee, the Subcommittee on Transfer Pricing has gathered feedback from members on possible future workstreams that could be pursued by the next subcommittee that

The 30th session of the UN Committee of Experts on International Cooperation in Tax Matters is being held from 24 to 27 March 2025. On 25 March 2025 the Subcommittee on Taxation Issues Related to the Digitalized and Globalized Economy presented for approval the new Article

Moldova published Order No. 21 of 11 March 2025 in the Official Gazette on 14 March 2025, establishing rules for the country's new transfer pricing regime. The Order No. 21 of 11 March 2025  amends  Order No. 9 of 26 January 2024. A key change is the addition of an annex

The Mauritius Revenue Authority has updated its lists of reportable and participating jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard (CRS). The reportable jurisdictions list includes 148 jurisdictions, while the

The Omani Secretariat General for Taxation published a list of the jurisdictions that will participate in the automatic exchange of information (AEOI) on financial accounts, as per the Common Reporting Standard (CRS), effective from 1 January 2025.  The latest additions to

The Austrian Ministry of Finance published a decree (BMF decree of 11.03.2025, 2025-0.159.492, BMF-AV No. 33/2025) on 11 March 2025,  updating the Austrian Transfer Pricing Guidelines 2021 (Austrian Guidelines). This update aligns the guidelines to the OECD Transfer Pricing

Australia’s government announced its upcoming initiative regarding the development of its digital asset industry  on 21 March 2025. The Albanese Government is developing a fit for purpose digital asset regime to help build a more dynamic and competitive economy. The