Australia: ATO issues additional guidance on public CbC reporting
The guidance outlines several benefits of voluntary registration. The Australian Taxation Office (ATO) released additional guidance on its public country-by-country (CbC) regime on 12 June 2025. The guidance outlines several benefits of voluntary registration, which include simplifying public
Read MoreUganda presents 2025–26 budget, proposes income tax exemption for start-ups
Uganda's Ministry of Finance unveiled a UGX 72.136 trillion national budget for 2025-26. Uganda’s Ministry of Finance Planning and Economic Development has unveiled a UGX 72.136 trillion national budget for the 2025-26 financial year on 12
Read MoreUS: Senate proposes phasing out solar, wind tax credits
The proposal accelerates the expiration of renewable energy subsidies under the 2022 Inflation Reduction Act. A US Senate committee proposed phasing out tax credits for solar and wind energy by 2028 while extending incentives for nuclear,
Read MoreHong Kong, Morocco to start tax treaty negotiations
Hong Kong and Morocco will hold their first income tax treaty negotiations from 23 to 27 May 2025. The Hong Kong Inland Revenue Department (IRD) has announced that Hong Kong and Morocco will hold their first round of income tax treaty
Read MoreUS: Senate Republicans propose ending EV tax credits
Senate Republicans push to eliminate key EV tax credits, proposing immediate reductions for leased imports and a complete phase-out within 180 days. US Senate Republicans introduced a tax and budget bill that would eliminate several electric
Read MoreLithuania, Vietnam sign letter of intent for income tax treaty
Lithuania and Vietnam signed a letter of intent on 12 June 2025 to negotiate their first income tax treaty, which will take effect after finalisation and ratification. Lithuania’s Ministry of Finance has announced that representatives from
Read MoreMozambique restores VAT exemption on soap, sugar, and oil
Mozambique has reintroduced a VAT exemption on soap, sugar, cooking oil, and their raw materials, as well as goods and services for sugar cane production. Mozambique has published Law No. 3/2025 in the Official Gazette on 21 May 2025, amending
Read MoreUS: Maryland clarifies expanded sales tax on data and IT services
Maryland's Comptroller clarified the 3% sales tax on data, IT, and software publishing services in a Technical Bulletin issued on 10 June 2025. The Comptroller of Maryland clarified the 3% sales and use tax on certain data, IT, and software
Read MoreUS: Senate Finance Committee Chairman releases finance committee reconciliation text
Senate Finance Chair Mike Crapo released draft legislation to make 2017 tax cuts permanent and cut green new deal spending in the GOP budget bill. US Senate Finance Committee Chairman Mike Crapo (R-Idaho) released legislative text within the
Read MoreCorporate Tax
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Uganda presents 2025–26 budget, proposes income tax exemption for start-ups
17 June, 2025
Uganda's Ministry of Finance unveiled a UGX 72.136 trillion national
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Tanzania presents 2025-26 budget, introduces withholding tax and higher AMT
17 June, 2025
The budget speech highlighted key fiscal changes, which included a new
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US: Senate proposes phasing out solar, wind tax credits
17 June, 2025
The proposal accelerates the expiration of renewable energy subsidies
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Vietnam: Parliament approves gradual tax rise on beer and strong alcohol by 2031
16 June, 2025
Vietnam plans to raise taxes on beer and strong alcohol to 90% by
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Switzerland: Basel-City approves tax incentives and R&D fund in referendum
16 June, 2025
Switzerland’s Basel-City canton approved a referendum on 18 May 2025,
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Venezuela: SENIAT announces adjustment to tax unit value
16 June, 2025
Venezuela’s SENIAT has raised the tax unit value from 9 to 43 bolivars,
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Bolivia announces extension of filing deadlines for May 2025
16 June, 2025
The last digits of one’s tax ID corresponds to a specific new deadline
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Czech Republic considers amendments to Income Tax Act, plans R&D tax incentive boost
16 June, 2025
The amendments propose abolishing withholding tax, removing the CZK 40
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Czech Republic: Senate approves new tax and penalty waiver rules
16 June, 2025
The Czech Senate approved a bill on 11 June 2025, allowing tax authorities
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Australia: ATO revises corporate tax residency guidelines
16 June, 2025
The ATO updated its corporate tax residency guidelines on 11 June 2025,
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Transfer Pricing
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Australia: ATO issues additional guidance on public CbC reporting
18 June, 2025
The guidance outlines several benefits of voluntary registration. The Australian Taxation Office (ATO) released additional guidance on its public country-by-country (CbC) regime on 12 June 2025. The guidance outlines several benefits of voluntary registration, which include
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Switzerland updates MCAA CbC report exchange list, adding Cameroon and Mongolia
16 June, 2025
Switzerland has added Cameroon and Mongolia to the CbC reporting framework under the MCAA exchange network, effective 1 January 2024. Switzerland published Decision No. RO 2025 380 in the Official Gazette on 11 June 2025, announcing an update to the list of jurisdictions
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Kenya: National Treasury publishes budget statement 2025-26, reduces corporate and digital tax rates
16 June, 2025
Kenya's National Treasury has released the 2025-26 Budget Statement on 12 June 2025. Kenya's National Treasury published the 2025-26 Budget Statement on 12 June 2025, outlining key tax measures aligning with proposals highlighted in the 2025 Finance Bill. Reduced corporate
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Germany finalises 2025 automatic financial information exchange list
13 June, 2025
Germany has confirmed 115 jurisdictions for the 2025 automatic exchange of financial account information, with reporting due by 31 July 2025. The German Ministry of Finance released the final list of 115 jurisdictions participating in the automatic exchange of financial
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Ecuador extends transfer pricing filing deadlines for 2024
13 June, 2025
Ecuador has extended the 2024 transfer pricing filing deadlines to September 2025 for qualifying taxpayers. Ecuador’s Internal Revenue Service (SRI) published Resolution No. NAC-DGERCGC25-00000012 in the Official Gazette on 7 June 2025, extending key filing deadlines for
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Slovak Republic: Parliament passes DAC8 crypto-asset reporting bill
12 June, 2025
The Slovak Parliament approved a bill to implement DAC8, introducing new reporting and due diligence rules for crypto-asset service providers. The Slovak Republic’s Parliament approved the draft bill to implement Council Directive (EU) 2023/2226 (DAC8) on 10 June 2025,
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Switzerland: Federal Council adopts dispatch approving the list of 74 partner states for AEOI concerning cryptoassets
11 June, 2025
From 2026, Switzerland will begin automatic crypto asset data exchange with 74 compliant partner countries, including the EU and UK. The Swiss Federal Council approved a list of 74 partner countries for the automatic exchange of information (AEOI) on crypto assets.
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Greece expands list of jurisdictions for financial information exchange under CRS
10 June, 2025
The Greek Public Revenue Authority (AADE) has expanded the lists of reportable and participating jurisdictions for financial data exchanges under the CRS. The Greek Public Revenue Authority (AADE) has issued Circular A.1069 on 20 May 2025, updating the jurisdictions
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Australia: BoT consults on revised tax transparency code to align with public CbC reporting
10 June, 2025
Australia’s Board of Taxation has launched a consultation on 5 June 2025, proposing updates to simplify the Voluntary Tax Transparency Code (VTTC). Australia’s Board of Taxation (BoT), which oversees Australia's Voluntary Tax Transparency Code (VTTC), has released a
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Gabon: Council of Ministers ratifies BEPS MLI and mutual assistance convention
05 June, 2025
Gabon approved the ratification of the Multilateral Convention to Prevent Base Erosion and Profit Shifting (MLI) on 30 May 2025. Gabon's Council of Ministers approved ratifying the Multilateral Convention to Prevent Base Erosion and Profit Shifting (MLI) on 30 May
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Most Read
WTO: Global Trade Outlook and Statistics
In October 2024 the WTO published the latest Global Trade Outlook and Statistics. In the latest issue the WTO has revised its forecast for world
Read MoreGermany releases 2025 CRS reporting list with new jurisdictions
The German Federal Central Tax Office has published a provisional list of jurisdictions for the Common Reporting Standard (CRS) financial account
Read MoreNamibia announces 2024/25 budget with new tax measures
On 28 February 2024, Namibia delivered the 2024/25 Budget. The key tax provisions in the budget statement include: Individual income tax The
Read MoreBangladesh to raise cigarette prices with higher taxes in budget for 2024-25 fiscal year
Cigarette prices are set to go up following an increase in supplementary duty and value-added tax (VAT) announced in Bangladesh’s national
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