Chile: SII launches benchmark tool to assess transfer pricing risk

The Philippines is negotiating double taxation agreements with 10 countries and advancing Pillar Two legislation to attract foreign investors and eliminate tax barriers to doing business.

The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes released an updated monitoring report on 19 June 2026, showing that 39 jurisdictions have addressed nearly one-third of 217 transparency recommendations, with over 18,000 exchange-of-information requests processed in 2023–2024 at an 84% completion rate within six months.

Belgium's tax authority has confirmed that a flat EUR 3 fee per item applies to online purchases of goods valued up to EUR 150 from non-EU countries, effective 1 July 2026, under new European regulations aimed at reducing competitive disparities and enhancing customs digitalisation.

Italy's Revenue Agency has established mandatory registration and annual reporting requirements for cryptocurrency service providers under the DAC8 directive, with the first submission deadline set for 30 June 2027.

Chile's new debt relief framework allows taxpayers to settle tax arrears with graduated forgiveness rates on interest and penalties, scaled according to the age of the outstanding debt.

The Central Bank of Russia has reduced its key interest rate by 25 basis points, a move that will impact the calculation of interest deductions and penalties on overdue taxes.