US: IRS updates reporting rules for research tax credit (Form 6765)
The updated Form 6765 now includes mandatory sections E and F for all taxpayers, while section G is optional for tax years before 2025 and mandatory starting in 2025. The US Internal Revenue Service (IRS) has introduced a revised Form 6765,
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Colombia: DIAN clarifies dividend withholding for Andean Community holding companies
DIAN rules that dividends to Andean Community holding companies with comparable regimes are exempt from withholding tax, while others remain taxable. Colombia’s tax authority (DIAN) issued Ruling 8935 int 1037 on 10 July 2025, providing
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Chile clarifies indirect foreign tax credit treatment for CFCs
Ruling No. 1500-2025 confirms that the indirect foreign tax credit applies only if a treaty or information exchange agreement exists and the CFC owns at least 10% of the subsidiary. Chile’s tax administration (SII) issued Ruling No. 1500-2025
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US: IRS opens applications for 2026 Compliance Assurance Program
The 2026 Compliance Assurance Process (CAP) program application period will run from 3 September to 31 October 2025. The US Internal Revenue Service (IRS) has released IR-2025-84 on 18 August 2025, in which it announced the opening of the 2026
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Colombia invites applications for R&D&I projects with tax incentives
Colombia’s MinCiencias launches Call 970 for R&D&I projects eligible for 50% tax credits or 30% deductions, with applications open until 10 September 2025. The Colombian Ministry of Science, Technology and Innovation (MinCiencias)
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US: Tax rule revisions ease concerns for clean energy investors, IRS clarifies tax credit phaseout
The Trump administration’s revised subsidy rules, effective 2 September, narrowed the “under construction” definition for solar and wind projects to qualify for a 30% federal tax credit, requiring substantial physical work while maintaining a
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Austria to leverage AI to recover EUR 354M in 2024 tax revenue
Austria’s finance ministry says AI helped uncover tax fraud, generating an extra EUR 354 million in tax revenue in 2024. Austria’s Ministry of Finance announced on 13 August 2025 that its use of artificial intelligence (AI) helped generate an
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South Africa extends energy efficiency tax incentive to 2030
South Africa extends Section 12L Energy-Efficiency Tax Incentive to 2030, supporting business energy savings and carbon reduction. The South African government announced it has extended the Section 12L Energy-Efficiency Tax Incentive by five
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Malaysia: IRB revises capital gains tax guidance for unlisted shares
The guidelines outline the CGT treatment for gains from disposing of unlisted shares and relevant company shares. Malaysia’s Inland Revenue Board (IRB) has published the updated guidelines on capital gains tax for unlisted shares on 21 July
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Brazil unveils Sovereign Plan to shield exports from US tariffs
Brazil’s Sovereign Brazil Plan introduces measures including BRL 30 billion in affordable credit, extended export compliance deadlines, and increased REINTEGRA refund rates to protect exporters, preserve jobs, attract investment, and support
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Poland: Ministry of Digital Affairs proposes levy on digital services
The proposed DST targets companies with global revenues over EUR 750 million, applying varying rates ranging from 3% to 6% for broad digital activities like platforms, ride-sharing, and data sales, and 5% to 7.5% for targeted digital
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Brazil launches export support programme, extends incentives for small enterprises
Brazil has extended the REINTEGRA tax credit programme to micro and small exporters, allowing them to recover 0.1%–3% of export revenue in indirect taxes, with a 3% credit rate set for 2025–2026 and a review planned for 2027. Brazil’s
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New Zealand: IR consults PPP loss carry-forward rules
The consultation is set to conclude on 19 September 2025. New Zealand’s Inland Revenue (IR) has initiated a public consultation on the draft Income tax – Public private partnership projects and business continuity test for losses PUB00521 on
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Colombia: Bogota Mayor’s Office proposes major tax reform for 2025
The tax reforms are aimed at modernising the system, boosting investment, and creating jobs. Bogota’s Mayor’s Office, Colombia, submitted Project of Agreement 767 of 2025 to the District Council, proposing a major tax reform designed to
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Taiwan issues September 2025 enterprise tax filing notice
Taiwan’s Ministry of Finance has set 1–30 September 2025 as the filing period for provisional enterprise income tax returns. Taiwan’s Ministry of Finance has announced, on 12 August 2025, the provisional filing requirement for enterprise
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Taiwan: MoF clarifies recovery of retained earnings tax break for assets disposed of within three years
Taiwan's finance ministry announced that tax incentives on retained earnings invested in qualifying assets will be revoked with interest if the assets are transferred, repurposed, or sold within three years. Taiwan’s Ministry of Finance (MOF)
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India: Lower house approves higher standard deductions, pension exemptions, incentives for Saudi investment funds
Lok Sabha approves Taxation Laws (Amendment) Bill 2025, proposing higher standard deductions, pension exemptions, and incentives for Saudi investment funds. The Lok Sabha, India’s Lower House of Parliament approved the Taxation Laws (Amendment)
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Turkey sets Q2 2025 asset revaluation rate
Turkey’s Revenue Administration has set the asset revaluation rate for the second provisional tax period of 2025 at 9.23%, effective for corporate taxpayers’ provisional tax calculations. The Turkish Revenue Administration published Corporate
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