Taiwan: Tax authority sets Q4 2025 deduction deadline
Taiwan’s Southern Region National Tax Administration of the Ministry of Finance has reminded businesses using the assessed method for calculating business tax to declare input tax certificates for the fourth quarter of 2025 by 5 January 2026. The
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Guatemala revises regulations on tax credit offsets, refund procedures
Guatemala issued Decree No. 17-2025 in the Official Gazette, introducing amendments to the Tax Code, the Value Added Tax Law, and the Law on Legal Provisions for Strengthening Tax Administration. Decree 17-2025 establishes a new law intended to
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Philippines: DoF halts all on-site tax audits and related activities
The Philippine Department of Finance (DoF) has announced that the Bureau of Internal Revenue (BIR) will temporarily halt all field audits and related activities on 24 November 2025. This pause was formalised through Revenue Memorandum Circular (RMC)
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Poland gazettes law raising corporate income tax rate for banks
Poland has published the “Act of 6 November 2025 amending the Corporate Income Tax Act and the Act on the Tax on Certain Financial Institutions”, in the Official Gazette on 28 November 2025, raising the corporate income tax rate for
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Portugal: Parliament approves 2026 budget, lowers corporate tax rates
Portugal’s parliament has approved the new 2026 Budget Bill on 27 November 2025. The Bill will proceed to presidential promulgation, followed by the formal publication of the law. The main tax measures of the 2026 Budget Bill are the reduced
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Zimbabwe: Government announces 2026 budget, proposes digital services withholding tax
Zimbabwe’s Ministry of Finance, Economic Development, and Investment Promotion (MoFEDIP) has presented the 2026 national budget to the Parliament on 27 November 2025, proposing higher VAT rates and digital service withholding taxes. The
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Australia: ATO issues final guidance on global and domestic minimum tax filing requirements
The Australian Taxation Office (ATO) has released Practical Compliance Guideline (PCG) 2025/4, Global and domestic minimum tax lodgment obligations - transitional approach, on transitional approaches for global and domestic minimum tax lodgment
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Brazil gazettes minimum tax on individuals, dividend withholding tax measures
Brazil published Law No. 15.270 in the Official Gazette, enacting several tax measures for companies, including a corporate minimum tax and withholding tax on dividends, on 27 November 2025. This follows after Brazil’s Senate passed Bill
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Brazil: Congress passes new tax incentives for chemical sector
Brazil’s Federal Senate has approved Bill 892/2025 on 18 November 2025, establishing the Special Sustainability Programme for the Chemical Industry (PRESIQ) and amending the existing Special Regime for the Chemical Industry (REIQ). The bill
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Cyprus extends filing deadlines for corporate and individual income tax returns for 2023, 2024
The Cyprus Tax Department, pursuant to Decisions K.D.P. 358/2025 and K.D.P. 359/2025, published an announcement on 28 November 2025 in the Official Gazette, the final deadline for the on-time submission of the company income tax return (T.F.4) and
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Brazil: RFB allows Simplified National Tax System taxpayers prepay all instalment plans, including RELP-SN
Brazil’s Federal Revenue Service (RFB) announced on 26 November 2025 that it expanded the functionalities available to taxpayers under the Simplified National Tax System (Simples Nacional) by allowing taxpayers to prepay instalments across all
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Taiwan: Tax Bureau clarifies CFC investment income deductions
Taiwan’s National Taxation Bureau, under the Ministry of Finance, has clarified rules on the calculation of Controlled Foreign Company (CFC) investment income for profit-seeking enterprises, emphasising that accumulated losses recorded in a
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Chile: SII clarifies procedure for income tax return software
Chile’s tax administration (SII) provided clarification about the software certification process for generating income tax returns on 24 November 2025. Instructions are now available for software manufacturers and distributors interested in
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Canada: Quebec government proposes various tax measures in 2025 fall economic update
Quebec’s Finance Minister presented the 2025 Fall Economic Update on 25 November 2025, outlining proposed tax measures affecting both businesses and individuals. The 2025 Fall Economic Update does not introduce any corporate or personal tax
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Netherlands: Lower House approves amendments to minimum tax law, DAC9 implementation bill
The Netherlands' lower house of the parliament has adopted amendments to the Minimum Tax Act and an implementation bill for DAC9 on 27 November 2025. This bill is part of the 2026 Tax Plan package. It ensures that the Netherlands complies with
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Australia: ATO issues guidance on Pillar 2 filing obligations
The Australian Taxation Office (ATO) issued a guideline outlining its transitional approach to penalties and expectations for the four new Pillar 2 filing obligations on 26 November 2025, offering tailored guidance and certainty for MNEs during the
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Qatar: General Tax Authority updates withholding tax forms, adds contract notification reference
Qatar’s General Tax Authority has announced amendments to the withholding tax forms, introducing a new field requiring the reference number of the contract notification issued through the “Tax” system. This addition comes alongside the
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Finland: Tax Administration updates Pillar 2 guidance on profit, tax allocation in complex group structures
Finland’s Tax Administration has issued an updated version of its guidance on the Law on Minimum Tax by Large Groups (Laki suurten konsernien vähimmäisverosta), providing fresh clarification on how profits, losses and taxes should be allocated
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