Australia: ATO reminds businesses to file TPAR to avoid penalties

New Zealand's Inland Revenue has cut its use-of-money interest rates for the second time in eight months, lowering the underpayment rate from 9.89% to 8.97% and the overpayment rate from 3.27% to 2.25% effective 16 January 2026, alongside new guidance on how penalties and interest apply across income tax, GST, and a broad range of other levies.

South Africa's Revenue Service (SARS) has activated the OECD's Crypto-Asset Reporting Framework from 1 March 2026, requiring crypto exchanges, brokers, custody providers, and payment facilitators with a South African nexus to report transaction data to SARS — and potentially share it with other tax authorities globally — as part of a broader push to close the transparency gap in crypto-asset taxation.

Italy's Revenue Agency has ruled in Ruling Answer No. 70/2026 that a Swiss cantonal capital tax paid by a Zurich-based controlled foreign company cannot be credited against Italian corporate income tax, finding that the levy's fundamentally patrimonial nature — targeting net equity rather than income — disqualifies it under domestic law regardless of its coverage under the bilateral double taxation treaty.

From 1 January 2026, France’s updated rent and tenant income ceilings set the thresholds for property investment tax incentives, varying by scheme and location. The official BOI-BAREME-000017 document provides all tables and technical details for compliance.

Taiwan’s Ministry of Finance allows SMEs hiring young or senior employees and increasing salaries to claim enhanced tax deductions of up to 100% for new hires and 75% for salary increases, subject to application rules and legal compliance.

France has issued VAT guidance for dropshipping without IOSS, clarifying seller and customer liability under Article 293 A of the French General Tax Code (CGI). Non-EU merchants must appoint a fiscal representative, with VAT offsets allowed only after a tax audit under Article L. 80‑0 A.