Belgium consults Pillar Two IIR top-up tax returns for 2024–25

The ATO  has updated its company tax rate guidance for the 2025–26 income year, setting rates at 25% for base rate entities and 30% for other companies. The revised guidance covers specific rates for life insurance companies, pooled development funds, credit unions with tiered thresholds at AUD 50,000 and AUD 150,000, and not-for-profit companies with tax-free income up to AUD 416.

Italy has introduced emergency tax relief measures to combat surging fuel prices, including temporary excise duty cuts and EUR 110 million in tax credits for transport and fishing sectors. Decree Law No. 33, effective 19 March 2026, provides road haulage companies with credits covering increased diesel costs for March through May 2026, while fishing businesses can claim up to 20% relief on fuel expenses during the same period.

Following complex negotiations, Israel's finance officials and banking sector have agreed to a ILS 3.25 billion one-time payment deal that will reduce the country's deficit to 4.9% of GDP in 2026, replacing a proposed five-year tax mechanism as the nation manages its fourth year of wartime spending.

Foreign entities must claim withheld corporate tax refunds within three years, filed with the tax authority of the withholding agent, unless a tax treaty sets another deadline.

FTA has made the GloBE Information Return (GIR) application available on the federal online portal, allowing companies to register and submit their GIR. The return facilitates information exchange with foreign tax authorities to monitor compliance with the 15% minimum tax under the GloBE model rules, but does not replace top-up tax filings.

Luxembourg has passed a new law implementing EU Directive DAC8, requiring crypto-asset service providers to report user information and transactions. The legislation also updates rules for life insurance, digital currencies, and advance tax rulings, with fines of up to EUR 250,000 for non-compliance.