Netherlands issues policy decree clarifying Pillar Two rules, safe harbours and top-up tax

Latvia’s State Revenue Service has published guidance on controlled transaction reports, covering filing requirements, EUR 250,000 reporting thresholds, transaction classification, transfer pricing methods, documentation, and penalties for non-compliance.

Poland’s government has adopted tax reforms taking effect from 1 January 2027, raising the personal income threshold while introducing a new 24% bracket, increasing taxes on high earners and large companies, and tightening rules for small businesses and family foundations. 

Lithuania’s Ministry of Finance had proposed amendments to simplify and expand the Investment Account tax regime from 2027, including changes to taxable income calculations and eligible financial products.

Sri Lanka's Inland Revenue Department has issued a notice setting out how taxes can be paid, and has warned that interest and penalty will apply to non-payment or late payment, with no waiver or reduction of interest.

A New York court has ordered the city to correct and resend notices for its secondary home tax after finding that inaccurate property records could cause confusion and penalties, while the city appeals the ruling and faces further legal challenges.

Colombia introduced temporary Corporate Income Tax and Value Added Tax (VAT) incentives for qualifying private investments in earthquake-affected areas, with benefits available through 31 December 2027. The measures covered preferential tax rates, accelerated depreciation and VAT exemptions for eligible imports.