Jamaica: Tax administration announces arrears settlement plan
Jamaica’s Tax Administration has announced the Special Arrears Settlement Programme on 29 January 2025, designed to waive/remit Interest, Penalty and Surcharge (IPS) accrued once outstanding principal taxes are paid by 31 March 2025. This
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Saudi Arabia extends deadline for new zakat rules
Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) has extended the deadline for Zakat payers to apply new regulations for fiscal periods starting before 1 January 2024 to 30 April 2025. The extension was issued in Ministerial Resolution
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Panama revises tax compliance deadlines and rules
Panama’s Ministry of Economy and Finance and tax authorities have recently announced tax developments, which include new regulatory obligations for resident agents and legal entities and deadline extensions for compliance requirements. Updated
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Greece issues form, instructions for 2024 corporate tax return
The Greek Public Revenue Authority (AADE) issued Decision No. A. 1020 on 11 February 2025, introducing the form and defining content of the corporate income tax return for the 2024 tax year, along with relevant instructions. The Decision applies
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Costa Rica extends deadline for e-invoicing changes
Costa Rica’s Ministry of Finance has announced in bulletin CP-08-2025 of 11 February 2025, that the deadline to implement amendments to electronic invoices (e-invoices) version 4.4 under resolution MH-DGT-RES-0027-2024 has been extended to 1
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Cyprus further extends deadlines for 2022 tax returns, transaction reports
The Cyprus Tax Department announced, on 12 February 2025, that it has further extended deadlines for submitting the annual company income tax return and the summary information table (SIT) on controlled transactions for the 2022 tax year. The
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Colombia issues new reporting rules for digital platform operators
Colombia’s Directorate of Taxes and Customs (DIAN) has introduced Resolution 199 of 2024 on 19 December 2024, mandating digital platform operators to submit information. Reports must be submitted electronically every year by the last business
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US: FinCEN updates beneficial ownership information reporting rules
The US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an update on beneficial ownership information (BOI) reporting requirements on its BOI webpage. The alert states that the Justice Department, on behalf of the
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US: North Carolina extends corporate tax deadline to 7 months starting 2025
The North Carolina Department of Revenue (NCDOR) released a notice on 29 January 2025, announcing that it has revised the filing deadline for franchise and corporate income tax returns. As per the notice, for tax years beginning on or after 1
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Spain announces new requirement to maintain accounting records for manufacturing excise goods
Spain’s Ministry of Finance has issued Order HAC/1505/2024 on 26 December 2024, which mandates accounting records for products with manufacturing excise duties. The Order was published on 31 December 2024 and took effect on 1 January
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Colombia introduces tax form for non-residents with a significant economic presence
Colombia’s tax authority (DIAN) has released Resolution No. 000004 of 24 January 2025, introducing Form No. 115 for income and complementary tax returns for non-residents with significant economic presence (SEP) in Colombia. The Form 115
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Iceland launches business tax return filing website for 2024
Iceland’s Revenue and Customs (RSK) has launched its website for business tax return filings for 2024. The tax filings must be completed only in Icelandic. The Instructions for completing the returns are: RSK 8.05 (Tax return for businesses -
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UK introduces new tax regulations for self-assessment returns
The UK tax authority, His Majesty's Revenue and Customs (HMRC), has introduced new regulations requiring taxpayers to provide additional details in their annual self-assessment tax returns. The Income Tax (Additional Information to be included in
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Panama introduces new return form for Colon Free Zone taxpayers
Panama’s General Directorate of Revenue has introduced a new income tax return form for Colon Free Zone taxpayers, now available in the eTax 2.0 system. Taxpayers must update their status as Colon Free Zone users in the eTax 2.0 system to
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Bangladesh: NBR further extends income tax return deadlines
Bangladesh’s National Board of Revenue (NBR) has further extended the deadline for filing income tax returns for both individuals and companies yesterday, 30 January 2025. Individual taxpayers now have until 16 February to file their returns
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US: BOI reporting still voluntary after Supreme Court lifts injunction
The US Supreme Court on 23 January 2025 approved the government's request to lift a nationwide injunction previously issued by a federal judge in Texas. The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) has issued an
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US: Supreme Court rejects Disney, IBM tax appeals on foreign royalties
The US Supreme Court has declined to review two notable cases from Disney on 21 January 2025, upholding a New York ruling that bars companies from deducting payments to foreign affiliates for intellectual property under a state law from 2003 to
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Cambodia reminds taxpayers to file 2024 income tax returns
Cambodia’s General Department of Taxation (GDT) has issued Notification No. 339 on 6 January 2025, reminding taxpayers to file and pay their 2024 Tax on Income (TOI). Companies must file their annual TOI return online by 31 March 2025.
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