Australia: ATO extends amendment period for SME tax returns
From 1 July 2024, small and medium businesses will have up to four years to amend their tax returns, doubling the current two-year limit. The Australian Taxation Office (ATO) has published updated guidance on amending business and super tax
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Argentina: ARCA introduces new facility for tax, customs, social security payments
Individuals and businesses can access the new payment facility with a 50% interest rate reduction. Argentina’s tax authority (ARCA) has announced a new payment facility on 12 June 2025 for outstanding tax and customs due up to 30 April 2025,
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Latvia postpones mandatory B2B e-invoicing to 2028
B2B e-invoicing will become mandatory for businesses starting 1 January 2028. Latvia published Amendments to the Accounting Law in the Official Gazette on 11 June 2025, delaying mandatory B2B e-invoicing. B2B e-invoicing will become mandatory
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Italy amends CFC rules, tax loss carry-forward provisions
The adopted tax measures include updates to controlled foreign company (CFC) rules and tax loss carry-forward provisions. Italy has published Decree No. 84 of 17 June 2025 in Official Gazette No. 138 on 17 June 2025, introducing changes to the
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US: IRS enhances pre-filing agreement programme for large and multinational businesses
The IRS has improved its Pre-Filing Agreement programme to offer large businesses and international taxpayers greater tax certainty, emphasising cooperative strategies to prevent disputes early. The US Internal Revenue Service (IRS) issued
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UAE: FTA publishes updated corporate tax self registration manual
The updated corporate tax self-registration manual aims to simplify the registration process on the EmaraTax portal. The UAE Federal Tax Authority (FTA) released Version 3.0.0.0 of the Corporate Tax Self-Registration – Taxpayer User Manual on
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Bolivia announces extension of filing deadlines for May 2025
The last digits of one’s tax ID corresponds to a specific new deadline for submission. Bolivia’s tax authority (SIN) has extended the deadline for filing tax returns for the May 2025 fiscal period through Resolution No. 102500000026 on 3
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Portugal extends corporate tax filing and payment deadlines for 2024
Portugal extended the 2024 corporate income tax (IRC) filing and payment deadline for calendar-year companies from 15 June 2025 to 30 June 2025. Portugal’s tax and customs authority issued Order No. 2/2025-XXV on 9 June 2025, extending the
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US: IRS offers tax relief to Mississippi flood and storm victims
The IRS announced tax relief for individuals and businesses in parts of Mississippi affected by storms, floods, and straight-line winds starting on 14 March 2025. Impacted taxpayers have until 3 November 2025 to file federal tax returns and make
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US: IRS offers tax relief to Oklahoma wildfire and storm victims
The IRS announced tax relief for individuals and businesses in parts of Oklahoma affected by wildfires and straight-line winds starting on 14 March 2025. Impacted taxpayers have until 3 November 2025 to file federal tax returns and make
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US: IRS offers tax relief to Missouri wildfire and storm victims
The IRS announced tax relief for Missouri residents and businesses affected by severe storms, tornadoes, and wildfires starting on 14 March 2025. Impacted taxpayers have until November 3, 2025, to file federal tax returns and make payments. The
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US: IRS offers tax relief to Texas storm victims
The IRS has announced tax relief for individuals and businesses in parts of Texas impacted by severe storms and flooding starting on 26 March 2025. Affected taxpayers have until 3 November 2025 to file tax returns and make payments. The US
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US: IRS reminds taxpayers due date of second quarter estimated tax payment of 16 June
The IRS issued a reminder that the second quarter 2025 estimated tax payment is due on 16 June 2025. The US Internal Revenue Service (IRS) issued IR-2025-65 on 6 June 2025, reminding taxpayers that the second quarter 2025 estimated tax payment is
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Hong Kong enacts BEPS 2.0 Pillar Two minimum tax law
Under Pillar Two of BEPS 2.0, a global minimum tax of 15% is imposed on multinational enterprise (MNE) groups with annual consolidated revenue of EUR 750 million or above in at least two of the four fiscal years immediately preceding the current
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Latvia postpones mandatory B2B e-invoicing
Latvia delays mandatory B2B e-invoicing to 1 January 2027. Latvia's Ministry of Smart Administration and Regional Development has proposed postponing the mandatory implementation of B2B e-invoicing for all registered businesses to 1 January
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Germany extends obligation to correct tax returns
Germany has updated the Tax Code with a new provision to promptly report any incorrect or incomplete tax returns. Germany’s Ministry of Justice and Consumer Protection has introduced a new provision in the Tax Code for taxpayers reporting
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Panama extends tax filing deadline for select colon free trade zone taxpayers
The deadline extension only applies to taxpayers who had requested an extension. Panama’s tax administration (DGI) published Resolution 201-3727 in the Official Gazette on 29 April 2025, extending the deadline for Colon Free Trade Zone
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Colombia: DIAN extends tax information filing deadlines for TY 2024
This extension has been granted due to technical difficulties experienced on the Tax Authority's website. The Colombian Tax Authority (DIAN) has extended the deadline for submitting specific tax information for the taxable year (TY) 2024,
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