Italy introduces payment codes for Pillar Two voluntary disclosure
The Italian Revenue Agency announced, on 23 July 2026, that it has introduced new tax codes for paying penalties through the F24 form for voluntary disclosure of violations relating to the Global Minimum Tax's information and reporting obligations
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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,
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 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
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Taiwan: Tax bureau clarifies contract penalties taxation, late interest exemption
The Central Taiwan National Taxation Bureau has clarified, on 13 February 2026, that breach of contract penalties and late payment interest receive different tax treatments. Penalties collected for contract breaches are subject to business tax
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Argentina regulates tax innocence regime, exempts interest on dollar deposits from withholding tax
Argentina’s tax authority (ARCA) announced on 9 February 2026 that it implemented its Tax Innocence Regime through Law No. 27799, marking a fundamental shift away from decades of restrictive taxation that forced millions into the informal economy.
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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
See MoreNetherlands: 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
See MoreArgentina: Congress raises penalties for late, missing tax filings
Argentina’s Federal Congress has enacted Law 27,799, which raises penalties for formal tax violations under the Procedure Tax Law (Law 11,683). The law was published in the Official Gazette on 2 January 2026 and entered into force upon its
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