Papua New Guinea enacts Income Tax Act 2025
Papua New Guinea’s new Income Tax Act 2025 came into effect on 1 January 2026. Issued on 20 October 2025, the new Income Tax Act modernises and simplifies the country’s tax framework, replacing the former regime under the Income Tax Act 1959.
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Japan: Cabinet moves to implement Pillar 2 Side-by-Side Package
Japan’s Cabinet has adopted a decision of 23 January 2026 to bring the country’s Pillar 2 global minimum tax framework in line with the OECD’s Side-by-Side Package released on 5 January 2026. The Cabinet decision outlines several key
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France confirms automatic renewal of special advance CIT regime for investment income
The French tax authorities have confirmed, on 21 January 2026, the automatic renewal of the special regime for calculating advance corporate income tax payments for companies whose profits consist entirely or partly of investment income. Under
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Australia: ATO issues guidance on Pillar 2 side-by-side package
The Australian Taxation Office (ATO) has updated its guidance on the global and domestic minimum tax on 23 January 2026, adding a new section to reflect the side-by-side package announced earlier in January 2026. The OECD has announced an
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China introduces temporary CIT, VAT, IIT incentives for innovative enterprise CDRs
China’s Ministry of Finance, the State Taxation Administration and the China Securities Regulatory Commission have issued Announcement No. 8 of 2026 on 21 January 2026, setting out temporary tax incentives to support the pilot programme for the
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Turkey raises withholding tax refund limits for 2026
Turkey’s Ministry of Treasury and Finance has increased the limits for cash refund claims related to withholding tax (WHT). For 2026, the maximum amount eligible for a cash refund without requiring inspection reports rises from TRY 340,000 to
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Poland sets 2026 thresholds for small-taxpayer regimes
Poland has announced the thresholds for several small-taxpayer regimes, including the reduced corporate tax rate, the simplified VAT scheme, the simplified flat-rate tax, and the investment incentive deduction for 2026. The new thresholds
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Croatia issues implementing rules for DAC8 crypto asset reporting , DAC9 GloBE top-up tax reporting
Croatia issued Ordinance Amending the Ordinance on the Automatic Exchange of Information on 31 December 2025, updating the rules on the automatic exchange of information to align with new EU reporting standards. The amendments introduce fresh
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Taiwan clarifies CFC rules on low-tax jurisdiction gains, losses
Taiwan’s Northern National Taxation Bureau of the Ministry of Finance has reminded profit-seeking enterprises that when calculating Controlled Foreign Corporation (CFC) annual earnings, investment gains or losses originating from “low-tax
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China extends community service tax relief through 2027
China’s Ministry of Finance, State Taxation Administration, National Development and Reform Commission, Ministry of Civil Affairs, Ministry of Commerce, and National Health Commission issued Announcement No. 7 of 2026 on 15 January 2025, which
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Finland issues guidance on Pillar 2 effective tax rate, top-up tax calculations
Finland’s tax administration has published new guidance on 20 January 2026 on the minimum taxation of large groups under the Pillar 2 global minimum tax framework. The guidance provides detailed explanations on the calculation of the effective
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Estonia: Parliament reviews bill to implement DAC8 crypto-asset reporting
Estonia’s parliament is reviewing draft Bill 795 SE, submitted on 19 January 2026, which seeks to implement Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8). The bill introduces new reporting and due diligence requirements for
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Mexico announces FY2025 corporate tax returns deadline
Mexico’s tax administration, the Servicio de Administración Tributaria (SAT), has announced, on 12 January 2026, that the annual tax filing deadline for fiscal year 2025 for Mexican resident legal entities will fall on 31 March 2026. In-scope
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Brazil introduces new taxpayer rights, obligations code
Brazil has enacted Complementary Law No. 225 of 8 January 2026, which introduces a new code governing taxpayer rights, guarantees, duties, and procedures in interactions with tax authorities at the federal, state, district, and municipal levels that
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China extends tax incentives to support public rental housing development until 2027
China’s State Tax Administration issued Announcement No. 4 of 2026 on 12 January 2026, which revised tax incentives for public rental housing to strengthen the rental market. The measures provide exemptions from various taxes, including urban
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Poland reduces interest rates on tax arrears
Poland’s Ministry of Finance and Economy has announced reduced interest rates on overdue tax payments, effective immediately, according to the Tax Ordinance Act. Under the new regulation, three different interest rates will apply depending on
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Netherlands: Supreme Court strikes down higher tax interest rate for corporations
The Dutch Supreme Court ruled on 16 January 2026 that the higher tax interest rate for corporate taxpayers, set by the Tax and Recovery Interest Decree, is invalid. The court found it unfairly singles out companies by imposing a heavier burden than
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Vietnam: Government issues decree regulating new corporate income tax law
The Government of Vietnam has issued Decree No. 320/2025/ND-CP on 15 December 2025, regulating the implementation of the Law on Corporate Income Tax 2025 (Law No. 67/2025/QH15), which entered into force on 1 October 2025. The Decree relates to
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