Botswana signs OECD agreement on CbC reporting exchange
Botswana signed the OECD’s Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 9 April 2025. Country-by-Country Reporting (CbCR) is an international standard developed by the OECD. It requires
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Temu blocked in Uzbekistan: What this signals for global e-commerce players
Starting 20 March 2025, access to the Chinese online marketplace Temu has been officially blocked in Uzbekistan for failing to register locally and comply with new e-commerce regulations. This move, led by the National Agency for Perspective
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Switzerland schedules referendum for income tax treaties with Angola and Jordan
Switzerland has scheduled a referendum deadline of 10 July 2025 for its pending income tax treaties with Angola and Jordan. Earlier, Switzerland’s Parliament gave its final approval to the income tax treaty with Angola and Jordan on 21 March
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Ecuador: Tax Authority issues updated list of designated special taxpayers
Ecuador's Tax Authority (SRI) has published Resolution No. NAC-DGERCGC25-00000006, which introduces a list of ten companies classified as "special taxpayers." This designation involves stricter reporting requirements, enhanced audits, and the
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Denmark introduces bill for temporary green asset depreciation incentives
Denmark’s Ministry of Taxation has introduced Bill L 195 on 9 April 2025 to establish a temporary increase in the depreciation basis for certain new green assets, as part of the green investment window linked to the Agreement on Green Tax
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Switzerland plans referendum on proposed tax treaty changes with Germany
Switzerland has scheduled a referendum deadline of 10 July 2025 for the proposed protocol amending the 1971 income and capital tax treaty with Germany. Earlier, the Swiss parliament granted final approval to the amending protocol to the 1971
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Denmark proposes tax reform to align with OECD guidelines and simplify transfer pricing rules
Denmark's Minister of Taxation introduced Bill L 194 to Parliament, aiming to align national legislation with OECD minimum tax standards and reduce administrative burdens related to transfer pricing (TP) documentation on 9 April 2025. The bill
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Malta issues guidance on VAT exemption for small enterprises
Malta’s Commissioner for Tax and Customs published new guidelines on the VAT exemption for small enterprises on 7 April 2025, following amendments introduced by Act XXXVIII of 2025. The guidelines clarify the application of the exemption
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Ecuador: SRI revises mining annex reporting rules
Ecuador's Internal Revenue Service (SRI) has amended the Mining Annex reporting requirements through Resolution No. NAC-DGERCGC25-00000007, effective from 28 March 2025. The revised resolution updates criteria from the previous Mining Annex
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New Zealand: Inland Revenue updates guidance on tax control frameworks
New Zealand’s Inland Revenue released updated guidance outlining its expectations for tax control frameworks (TCFs) as part of increased reviews of tax governance, systems, and processes on 7 April 2025. The guidance identifies six key
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Oman: Tax Authority reminds taxpayers of return filing deadlines
The Oman Tax Authority has reminded taxpayers subject to income tax with a fiscal year ending on 31 December 2024 to file their tax returns and pay their tax dues as follows: Establishments subject to 3% income tax must file by 30 March 2025.
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Taiwan extends deadline for tax treaty benefit applications
Taiwan’s Ministry of Finance has announced an extension to the application deadline for claiming tax treaty (agreement) benefits on 10 April 2025. The Ministry of Finance promulgated the amendments to Article 34 of the "Regulations Governing
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Luxembourg approves protocol to 2019 tax treaty with Argentina
Luxembourg’s Government Council has approved the ratification of the protocol to the 2019 tax treaty on income and capital with Argentina on 28 March 2025. The protocol will enter into force upon the exchange of ratification instruments and
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Luxembourg publishes Law ratifying first amendment to tax treaty with Moldova
Luxembourg released the Law of 25 March 2025 in the Official Gazette on 7 April 2025, which facilitates the ratification of the protocol to the 2007 income and capital tax treaty with Moldova. The protocol, signed on 25 June 2024, represents the
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Congo (Rep.), UAE sign CEPA agreement
The United Arab Emirates (UAE) and the Republic of the Congo signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting economic cooperation between the two nations on 8 April 2025. The agreement was signed during an official
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Denmark updates list of jurisdictions for automatic exchange of financial information
Denmark issued Executive Order No. 366 on 7 April 2025 , published in Official Gazette A on 9 April 2025. This order updates the list of jurisdictions that participate in the automatic exchange of financial account information, in line with
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Uruguay extends tax incentives for large construction projects to 2025
Uruguay has issued Decree No. 85/025 on 2 April 2025, extending the tax benefits for large investment projects in construction and urban development. These incentives were first introduced in 2020 under Decree No. 138/020 as part of measures to
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Singapore: IRAS issues updated guidance on globe rules and domestic top-up tax
The Inland Revenue Authority of Singapore (IRAS) has published new presentations offering guidance on the Global Anti-Base Erosion (GloBE) Rules and the Domestic Top-up Tax (DTT) on 8 April 2025. . The first module focuses on the scope and charging
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