US: IRS urges tax professionals to renew PTINs ahead of 2026 filing season
All paid tax return preparers and enrolled agents must renew their PTINs annually, as 2025 PTINs will expire on 31 December 2025. Regfollower Desk The US Internal Revenue Service (IRS) issued a notice on 27 October 2025, reminding more than
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Argentina: ARCA repeals reporting regime for international operations
The repeal seeks to eliminate overlapping reporting requirements and modernise data management without weakening oversight or control mechanisms. Regfollower Desk Argentina’s tax authority (ARCA) has repealed General Resolution No. 5306,
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France: National Assembly approves digital services tax hike
The measure, outlined in amendment N° I-CF1827, targets large digital platforms. The Finance Committee of the French National Assembly approved an amendment to the 2026 Finance Bill raising the digital services tax (DST) from 3% to 15% on 22
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US: Iowa retains corporate tax rates for 2026
The 2026 corporate income tax rates will remain the same as corporate income tax rates for tax years beginning in 2024 and 2025. The Iowa Department of Revenue issued an Order 2025-02 on 21 October 2025 regarding corporate income tax rates for
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Israel: MoF issues draft law to implement global Pillar 2 rules
This draft legislation outlines the framework for establishing a local minimum tax on multinational corporations, ensuring alignment with international agreements to implement a global minimum tax. Israel’s Ministry of Finance has taken a
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Lithuania: MoF presents draft budget, expands list of corporate tax exempt entities
Lithuania’s 2026 draft Budget proposes halting the planned increase in CO2 excise duty on diesel and introducing a corporate tax exemption for the National Development Bank. Lithuania’s Ministry of Finance has presented the 2026 draft Budget
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Singapore updates guidance on deductible business expenses
IRAS updates business expense guidance, detailing new deductible and non-deductible items and clarifying rules for employee transport reimbursements. The Inland Revenue Authority of Singapore (IRAS) has revised its guidance on business expenses,
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Lithuania extends tonnage tax regime for shipping companies
The amendment specifically revises Article 381, paragraph 5, which governs the eligibility and application of this alternative corporate tax method. The Ministry of Transport and Communications of Lithuania published an amendment to its Corporate
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Turkey: Revenue Administration sets 2025 third-period revaluation rate
The third provisional tax period of 2025 in accordance with paragraph (B) of Article 298-bis of the Tax Procedure Law No. 213. The Turkish Revenue Administration issued Corporate Tax Law Circular No. 5520/70 on 16 October 2025, announcing the
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France: Tax Authority updates shareholder interest deductibility rates for late 2025
Tax Authorities revised the interest rates used to calculate the deductibility of shareholder loans for companies with fiscal years ending between 30 September to 30 December 2025. The French tax authority has issued new reference interest rates
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US: IRS updates Form 1099-K guidance under the One, Big, Beautiful Bill
The IRS clarified that under the One, Big, Beautiful Bill, third-party payment processors must file Form 1099-K only if a payee receives over USD 20,000 and more than 200 transactions, reinstating the pre-ARPA threshold. The US Internal Revenue
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Belgium releases comprehensive Pillar 2 global minimum tax guidance
Belgium has released comprehensive administrative guidance on the 2023 law introducing a minimum tax for large multinational and domestic groups, aligning with OECD/G20 BEPS 2.0 Pillar Two rules and detailing definitions, calculation methods,
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Slovak Republic: Parliament passes legislation to enact DAC9, Pillar 2 administrative guidance
DAC9 introduces new rules for sharing top-up tax information and filing obligations under the Pillar 2 GMT Directive (Directive (EU) 2022/2523). The Slovak Parliament approved a draft bill to implement Council Directive (EU) 2025/872 of 14 April
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Australia: ATO updates private ruling guidance to address Pillar 2 matters
The update introduces provisions enabling private rulings on Pillar Two interpretative issues and a new “decline to rule” mechanism, reflected in the addition of sections 40A and 40B. The Australian Taxation Office (ATO) has released an
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Austria: MOF consults 2025 tax reform, proposes updates to Pillar 2 rules
Draft bill introduces income tax inflation adjustments and updates to global minimum tax rules, with consultation open until 3 November 2025. The Austrian Ministry of Finance (MOF) has released the draft Tax Amendment Act 2025
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Vietnam: MoF introduces procedures and forms for Pillar 2 minimum tax compliance
The newly approved administrative procedures and forms go into effect on 21 October 2025. Vietnam’s Ministry of Finance (MoF) issued Decision No. 3563/QD-BTC on 21 October 2025, approving the administrative procedures and related forms under
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Russia: State Duma approves draft tax code amendments in first reading
State Duma approves draft tax changes to fund defence, national projects, and social benefits. The Russian State Duma approved in first reading a draft law introducing wide-ranging amendments to the Tax Code on 22 October 2025. Finance Minister
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Israel opens consultation on draft Law for local minimum tax aligned with OECD Pillar Two
Ministry of Finance invites public comments on a draft law introducing a local minimum tax for multinationals under the OECD’s Pillar Two framework. The Israeli Ministry of Finance has opened a public consultation on draft legislation to
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