US: Trump to reveal 2026 federal budget plan later today

Finland’s Ministry of Finance has initiated a public consultation on 9 April 2025, on a draft proposal to Parliament to amend the regulation on the interest deduction limit. The proposal seeks to amend the interest deduction limitation provision in the Business Income Tax

The OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, amended by the 2010 protocol, took effect in the Philippines on 1 May 2025. The Multilateral Convention on Mutual Administrative Assistance in Tax Matters ("the Convention") was

The Multilateral Convention to Implement Tax Treaty Measures to Prevent Base Erosion and Profit Shifting (MLI) took effect in Kenya on 1 May 2025. For tax treaties between Kenya and countries where the MLI is already in force, it applies from 1 January 2026 for withholding

The UK’s tax authority, His Majesty’s Revenue and Customs (HMRC) has launched consultations seeking public input on potential updates to the UK’s transfer pricing framework, permanent establishment rules and the diverted profits tax on 28 April 2025. The government will

The Netherlands State Secretary for Finance has sent a list of tax measures on 25 April 2025, which are expected to be included in the annual Tax Plan and other tax legislation planned for the year, to the lower house of parliament. The Tax Plan 2026, scheduled for release on

Malta’s Commissioner for Tax and Customs has released an updated version (4.7) of the guidelines on the Automatic Exchange of Financial Account Information (DAC2), published on 21 April 2025. The revisions include a new definition of “investment entity” and updated

The OECD is working with Ukraine's Ministry of Finance to align Ukraine's Transfer Pricing Framework with OECD Transfer Pricing Guidelines, as part of the implementation of Ukraine's National Revenue Strategy. Project description To ensure that the perspectives of

The US Internal Revenue Service (IRS) Large Business and International (LB&I) division released memorandum LB&I-04-0425-0005 on 22 April 2025, which reissues interim guidance LB&I-04-0423-0006 on 25 April 2023. This (LB&I-04-0423-0006) provides guidance to

The Trump Administration has released the United States–Italy Joint Leaders Statement on 18 April 2025, marking the conclusion of the first official meeting between US President Donald Trump and Italy’s Prime Minister Giorgia Meloni. The statement states, “We highlight

Algeria's Directorate General of Taxes announced on 14 April 2025 that it had extended the deadline for the annual transfer pricing declaration, which must be submitted electronically, for the 2024 fiscal year. Taxpayers now have until 31 May 2025, instead of the original