Luxembourg: Government proposes bill to enforce DAC9, align Pillar Two with OECD standards
DAC9 introduces new rules for sharing top-up tax information and filing obligations under the Pillar Two GMT Directive (Directive (EU) 2022/2523). Luxembourg’s government submitted a draft bill to the parliament to implement Council Directive
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US: Treasury publishes list of countries requiring cooperation with an international boycott with no changes
The list includes Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen. The US Department of the Treasury published a notice in the Federal Register on 31 July 2025, listing countries that may require participation or
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Costa Rica postpones launch of new digital tax platform
The launch of the new digital tax platform has been rescheduled to 6 October 2025. Costa Rica’s Tax Administration (DGT) has announced that the launch of the new digital tax platform, “TRIBU-CR,” has been postponed from 4 August to 6
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Bolivia: National Tax Service extends filing deadlines for corporate tax, transactions declarations
Corporate tax returns for tax years ending 31 March 2025 are now due by 29 August 2025. Bolivia’s National Tax Service (SIN) issued Resolution No. 102500000032 on 28 July 2025, in which it extended filing deadlines for corporate income tax
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Poland: President approves law to ease corporate income tax rules
The new law removes certain tax exemptions tied to SEZ permits, eliminates annual reporting for general partnerships, and lifts penalties affecting corporate tax group status for related-party transactions. Poland’s President has signed a law
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Hong Kong: IRD launches three new eTAX portals
The three new tax portals are expected to enhance the efficiency and user experience of electronic tax services in Hong Kong. The Hong Kong Inland Revenue Department announced on 22 July 2025 that it had launched three new tax portals under
See MoreUS reduces reporting requirements for small businesses, freelancers, payment platforms
Recent tax law changes under President Trump's tax package reduce IRS reporting requirements for small businesses and freelancers, easing administrative burdens but potentially increasing income underreporting and widening the tax gap. Recent
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Australia: ATO issues guidance on foreign capital gains withholding credits from property sales
Clients subject to the foreign resident capital gains withholding (FRCGW) are required to file a tax return to claim withheld credits, regardless of income level. The Australian Taxation Office (ATO) has issued a guidance on 18 July 2025, on
See MoreHong Kong: IRD extends deadline for 2024-25 lodgement tax returns
Businesses with accounting year-ends between 1 December and 31 December 2024 now have an extended tax filing deadline of 29 August 2025. The Hong Kong Inland Revenue Department (IRD) has released a Circular Letter to Tax Representatives on the
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Italy: Council of Ministers approves additional supplementary and corrective amendments to tax reform
The bill simplifies regulations, enhances transparency and fairness, revises the Taxpayer's Bill of Rights, and clarifies the self-assessment process with added sanctions. Italy’s Council of Ministers has preliminarily approved a Legislative
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US: IRS offers tax relief to New Mexico flood and storm victims
The tax filing and payment deadline has been extended to 2 February 2026 for New Mexico taxpayers. The US Internal Revenue Service (IRS) has issued NM-2025-03 on 16 July 2025, in which it announced tax relief for individuals and businesses in
See MorePoland: Senate approves bill to ease corporate tax rules
The legislation repeals the requirement for large corporate income taxpayers to publish a report on their executed tax strategy. Poland’s Senate passed two tax legislation amendments without changes on 17 July 2025. Corporate Income Tax
See MoreCosta Rica issues transition guidelines for new digital tax system
The resolution outlines the guidelines for disabling current tax platforms to transition to the new “TRIBU-CR” system, which will take effect on 4 August 2025. Costa Rica’s Tax Administration (DGT) issued Resolution No. MH-DGT-RES-0011-2025
See MoreBolivia: National Tax Service announces corporate tax filing and payment deadline for industrial, construction, oil sectors
The deadline is for tax periods ending on 31 March 2025. Bolivia’s National Tax Service (SIN) announced on 11 July 2025, reminding taxpayers in the industrial, construction, and oil sectors that the deadline to file and pay corporate income
See MoreUS: IRS exempts US-owned pass-throughs from international tax reporting
Starting in the 2024 tax year, domestically owned pass-through entities with only U.S. shareholders or partners are exempt from filing IRS international tax forms Schedule K-2 and K-3. The US Internal Revenue Service (IRS) issued updated guidance
See MoreUS: IRS offers tax relief to Texas flood and storm victims
The tax filing and payment deadline has been extended to 2 February 2026 for Texas taxpayers. The US Internal Revenue Service (IRS) released TX-2025-04 on 9 July 2025, in which they announced tax relief for individuals and businesses in parts
See MoreUS: Connecticut enacts 2026–27 budget with corporate tax changes, digital media incentive expansion
The H.B. 7287 and H.B. 7166 establish the 2026-2027 state budget and expand the tax credits for digital media and film infrastructure. Connecticut Governor Ned Lamont (D) signed H.B. 7287 and H.B. 7166, which set the 2026-2027 state budget and
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Bolivia further extends deadline for 2024 corporate tax statements and beneficial ownership reports
The corporate income tax (IUE) filing deadline for certain statements and reports has been extended to 21 July 2025. Bolivia’s National Tax Service (SIN) issued Resolution No. 102500000031 on 30 June 2025, further extending the deadline for
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