Czech Republic: Senate approves updated deadlines for Pillar Two tax reporting
The Senate amended the Act on top-up taxes, extending first-time filing deadlines for the top-up tax information return and top-up tax return. The Czech Senate has approved an amendment to the Act on top-up taxes, extending the deadlines for the
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Poland: Ministry of Finance consults extension of temporary withholding tax exemption for technical payers
Poland plans to extend the temporary withholding tax exemption for technical payers, including securities account operators, until the end of 2026. Poland’s Ministry of Finance has released a draft regulation for public consultation on 11
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Malaysia: Inland Revenue Board publishes ruling clarifying group relief for resident companies
The ruling confirms the 70% loss surrender limit and introduces a three-year cap for newly established companies, alongside new definitions, examples, and clarifications. The Inland Revenue Board of Malaysia has issued Public Ruling No. 2/2025,
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UK: HMRC announces reduced late payment, repayment interest rates
HMRC announced revised interest rates on late and early tax payments, effective 27 August 2025. HMRC published updated interest rates for late and early payments on 8 August 2025, following the Bank of England’s 7 August decision to lower the
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Italy introduces conditional IRES rate cut to reward responsible corporate growth
The incentive is available to Italian-resident joint-stock companies, commercial entities, and permanent establishments of non-resident companies, and non-commercial entities on income from commercial activities. Italy’s Ministry of Economy
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Romania: ANAF publishes form for declaring, paying the top-up tax
The form is used for declaring and paying the top-up tax. On 11 August 2025, Romania’s tax authority (ANAF) published Form No. 408 for declaring and paying the top-up tax. Earlier, ANAF issued Order No. 1729/2025, which establishes the
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US: IRS announces tax relief to West Virginia storm victims
Individuals and households residing in or having a business in Marion and Ohio counties qualify for tax relief. The US Internal Revenue Service (IRS) issued WV-2025-04 on 8 August 2025, announcing tax relief for individuals and businesses in
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Thailand: BOI to introduce refundable tax credits under new GMT rules
Thailand’s BOI will allow promoted companies to claim cash refunds for unused tax credits under new global minimum tax rules. Thailand’s Board of Investment (BOI) plans to introduce Qualified Refundable Tax Credits (QRTCs) under the Pillar
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Nigeria: Government approves R&D, local materials tax incentives
RMRDC received Federal Government approval on 2 July 2025 to implement tax incentives for R&D and the use of locally sourced raw materials. Nigeria’s Raw Materials Research and Development Council (RMRDC) has announced, on 2 July 2025, that
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Ireland: Revenue updates sports tax exemption guidelines
Irish Revenue issues updated guidance on tax exemption for certain sporting national governing bodies under the Finance Act 2024. The Irish Revenue published eBrief No. 155/25 on 5 August 2025 regarding an updated Tax and Duty Manual covering the
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France: Tax authority issues guidance on 2025 temporary CIT surcharge for large companies
The tax authorities issued guidelines on the temporary corporate tax surcharge for large companies under the 2025 Finance Law. The French tax authorities published administrative guidelines under reference No. BOI-IS-AUT-60 on 6 August 2025
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South Africa: SARS updates interest rate for taxation of low interest loans
SARS will cut the official interest rate for taxing interest-free or low-interest loans from 8.25% to 8.00% on 1 September 2025. The South African Revenue Service (SARS) has updated Table 3 of the official interest rates used for taxing
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Argentina extends payment scheme for tax debts from miscalculated losses
The updated plan introduces fines in the payment plan, reduces the initial advance payment to 2% of the total tax debt, and extends the application deadline to 31 October 2025. Argentina’s tax authority (ARCA) has renewed the payment plan
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Italy: Revenue Agency approves notification form for companies opting out of GIR submission under the global minimum tax
The Order of 7 August 2025 introduces a form model for companies under the GMT opting out of submitting the global information return (GIR). The Italian Revenue Agency has issued the Order of 7 August 2025, approving a notification form for
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Bolivia: National Tax Service extends corporate tax filing deadlines for FY March 2025
The extension was issued in Resolution No. 102500000034 on 4 August 2025. Bolivia's National Tax Service (SIN) extended the corporate tax return and payment deadline for the fiscal year ending on 31 March 2025 to 18 August 2025. The extension
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Germany: MoF releases draft law to amend Minimum Tax Act, aligns with the latest OECD Pillar Two GloBE guidelines
The draft legislation aims to amend the Minimum Tax Act by implementing the new OECD guidelines of December 2023, May 2024, and January 2025. Germany’s Ministry of Finance has released a draft law (Minimum Tax Adjustment Act) to amend the
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Taiwan: MoF clarifies direct and indirect holdings count in CFC rules
The finance ministry confirms both direct and indirect related-party ownership count when determining CFC status in low-tax jurisdictions. Taiwan’s Ministry of Finance has released a statement on 31 July 2025 clarifying that in assessing
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Singapore: IRAS rules capital gains from property interest transfers are tax-exempt
IRAS ruled on 1 August 2025 that gains from intra-group transfer of long-held investment properties are capital and not taxable. The Inland Revenue Authority of Singapore (IRAS) released an advance ruling summary no. 16/2025 on 1 August 2025,
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