Australia: ATO raises penalty unit for infringements from July 2026
The Australian Taxation Office (ATO) has updated its guidance on penalty units to reflect an increase in the penalty unit value on 26 June 2026. For infringements occurring on or after 1 July 2026, the penalty unit amount has increased to AUD 364,
See More
Chile: SII updates late tax payment interest rates, forgiveness policies for the second half of 2026
Chile's Internal Revenue Service (SII) has issued two key updates—Resolution No. 88 of 26 June 2026 and Circular No. 27 of 23 June 2026—to establish the late tax payment interest rates for the second half of 2026 and outline updated forgiveness
See More
Costa Rica sets new interest rate for late tax payments, refunds from July 2026
Costa Rica’s Ministry of Finance has published an updated historical schedule of interest rates applicable to late tax payments and refunds of tax overpayments as of 1 July 2026. Under Resolution MH-DGH-RES-0033-2026/MH-DGA-RES-0897-2026, the
See More
Philippines: SEC halts monthly penalties on late AFS, GIS submissions
The Philippine Securities and Exchange Commission (SEC) has issued SEC Memorandum Circular (MC) No. 16, series of 2026 (SEC MC 16-2026) on 13 May 2026, temporarily suspending the monthly delay penalties for late or non-filing of annual financial
See More
Finland: Tax administration updates guidance on late filing penalties
Finland’s Tax Administration has released updated Guidance No. VH/2608/00.01.00/2026 on 21 May 2026, which outlines the updated regulatory framework for income tax penalties in Finland, focusing on the distinction between late fees and tax
See More
Malaysia court rules service fees and late-payment interest on credit sales constitute business income
The Inland Revenue Board of Malaysia (IRBM) has released a case report on a recent High Court ruling addressing whether service charges and late-payment interest arising from credit sales should be treated as business income under Section 4(a) or as
See More
Belgium: Constitutional Court upholds tax penalty rules blocking loss deductions
Belgium’s Constitutional Court delivered its decision regarding Case No. 41/2026 of 9 April 2026, following preliminary questions from the Dutch-language Brussels Court of First Instance, the Limburg Court of First Instance (Hasselt division), and
See More
France: Tax Authority grants penalty relief following corporate tax rate ruling
The French tax administration announced penalty relief for companies on 14 April 2026, that incorrectly claimed a reduced corporate income tax rate, following a landmark decision by the Council of State in March 2025. On 13 March 2025, France's
See More
UAE: FTA revises administrative penalties, reduces fines across tax compliance regime
The UAE Federal Tax Authority (FTA) has implemented updated administrative penalty provisions under Cabinet Decision No. (129) of 2025, amending parts of Cabinet Decision No. (40) of 2017. The changes, effective 14 April 2026, reduce several fines
See More
Netherlands introduces ‘Freedom Contribution’ in 2026 Spring Memorandum
The Dutch Government has published the Spring Memorandum 2026, updating the 2026 budget and outlining forward-looking plans, including a range of tax measures. Key provisions reflect those agreed in the Coalition Agreement for 2026–2030, released
See More
Brazil warns micro-businesses of potential Simples Nacional exclusion over unpaid tax debts
Brazil’s tax authority, the Federal Revenue Service (RFB), has announced on 26 March 2026 that individual micro-entrepreneurs (MEI), micro-enterprises (ME), and small businesses (EPP) may face potential removal from the Simples Nacional tax regime
See More
UN Tax Committee Discusses Indirect Taxes
On 26 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for indirect taxes. The subcommittee on indirect taxes presented its planned workstreams for comment and approval. The subcommittee
See More
UN Tax Committee Discusses Transfer Pricing
On 24 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for transfer pricing during the current mandate of the Committee. The subcommittee on transfer pricing presented its planned
See More
Russia clarifies corporate tax refund deadline for foreign entities
The Russian Ministry of Finance (MoF) has clarified the timeframe for refunding corporate income tax previously withheld from payments made to foreign organisations. The official position was outlined on 12 March 2026 in Letter No.
See More
Poland updates interest rates for overdue tax payments
Poland’s Minister of Finance and Economy has published updated interest rates for late tax payments on 10 March 2026, effective under Article 56d of the Tax Ordinance Act of 29 August 1997. The announcement establishes three distinct annual
See More
New Zealand cuts UOMI rates on tax underpayments and overpayments for 2026
New Zealand's Inland Revenue (IRD) has reduced interest rates on tax payments effective 16 January 2026. The underpayment rate dropped to 8.97% from the previous 9.89%, while the overpayment rate decreased to 2.25% from 3.27%. The earlier
See More
Canada: CRA sets Q2 2026 interest rates on tax overdue, refund amounts
The Canada Revenue Agency (CRA) has announced on 24 February 2026 the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in
See MoreNetherlands publishes collective decision on nullified corporate tax interest disputes
The Netherlands Ministry of Finance has published a collective decision, which was published in Official Gazette No. 8286 of 25 February 2026 on 25 February 206, addressing the widespread objections to corporate income tax interest charges dating
See More