Serbia sets 2026 arm’s length interest rates for related party loans

Chile's government has introduced sweeping tax reforms to Congress, including corporate tax cuts from 27% to 23%, the elimination of capital gains tax on listed securities, and a voluntary foreign asset disclosure program, as part of efforts to revitalise the economy and attract investment.

The Australian Taxation Office has clarified which entities must submit general purpose financial statements, specifying that corporate tax entities engaged in country-by-country reporting with Australian residency or permanent establishments face mandatory lodgement requirements by their company tax return deadline.

The European Parliament has set out ambitious revenue targets for the EU's next seven-year budget, insisting on at least EUR 60 billion per year from new own resources, including potential levies on digital services, cryptocurrency, and online gambling, to reduce member state contributions and repay pandemic debt.

Ecuador's tax authority (SRI) has tightened VAT filing rules, requiring all taxpayers to submit returns alongside payment from June 2026, with a temporary carve-out for exporters and their direct suppliers pending system updates.

The Brazilian Federal Revenue Service has made the national standard Electronic Service Invoice (NFS-e) mandatory for microenterprises and small businesses under Simples Nacional from 1 September 2026, standardising issuance through the NFS-e National Issuer and strengthening nationwide tax integration.

Poland’s Ministry of Finance has extended reduced tax rates on motor fuels until 15 May 2025, maintaining an 8% VAT rate and minimum EU excise duties as Middle East conflicts continue to disrupt global fuel markets.