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

The Brazilian tax authority has ruled that US Limited Liability Companies owned by Brazilian residents must be treated as privileged tax regimes, requiring automatic year-end taxation regardless of profit distribution. The decision affects Brazilians using the popular pass-through structure for business and investment purposes.

The OECD and Belgium's Federal Public Service Finance have launched an eight-month training programme to help 34 participants from 22 jurisdictions across Africa, Asia, the Caribbean, Europe, Latin America and the Pacific strengthen their capacity to recover tax claims across borders and combat tax evasion. 

The Australian Taxation Office has reminded taxable not-for-profit organisations that the deadline to lodge their 2024–25 income tax return or non-lodgment advice is 15 May 2026, with lodgment options available through a registered tax agent, by paper, or via SBR-enabled software.

The OECD’s Global Forum has published eight peer review reports on transparency and exchange of information on request for tax purposes covering Belize, Cambodia, El Salvador, Gabon, Guinea, Montserrat, Niue and Vanuatu. The reviews assess compliance with the EOIR standard, with ratings ranging from “Compliant” to “Non-Compliant” and highlight areas requiring legal and implementation improvements.

The European Commission has referred Hungary to the Court of Justice of the European Union over its retail tax regime, which it considers incompatible with EU rules on freedom of establishment under Articles 49 and 54 of the TFEU. It says Hungary has not removed the disputed tax despite earlier infringement steps and a commitment to phase it out, and that it continues to disadvantage foreign-controlled retailers.

Irish Revenue has issued updated guidance on the tax treatment of Investment Limited Partnerships (ILPs) in eBrief No. 87/2026, reflecting changes introduced by the Finance Act 2025 and setting out revised withholding tax and compliance rules in new TDM Part 27-01a-04.