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
See MoreUS: 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
See MoreUS: 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
See MoreUS: 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
See MoreUS: 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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Ireland updates tax registration guidelines for corporation tax, income tax, and other taxes
Irish Revenue updates registration guidelines for income tax, corporation tax, PAYE/PRSI, and RCT. Irish Revenue has published eBrief No. 109/25 on 23 May 2025, announcing revised guidelines for registering for Income Tax (IT), Corporation Tax
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Bolivia further extends corporate tax filing deadline
The corporate income tax filing deadline has been extended to 20 June 2025. Bolivia’s tax authorities (SIN) issued Resolution No. 102500000024 on 27 May 2025, announcing that the corporate income tax (IUE) filing deadline for the fiscal year
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Argentina: ARCA raises reporting threshold for financial institutions
ARCA has raised reporting thresholds for financial institutions and e-wallet providers under Decree 353. The changes were outlined in General Resolution 5699, which was published on 23 May 2025. Argentina’s federal tax authority (ARCA) has
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Poland: Council of Ministers approve deregulatory corporate tax amendments
The bill takes effect on 1 January 2026. Poland’s Council of Ministers have passed a bill which amends the CIT Act to ease reporting on general partnership partners, introduces tax group benefits, and simplifies tax refund rules when support
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India: CBDT extends income tax return deadline for AY 2025–26
It has been extended from 31 July to 15 September, 2025. The Indian Central Board of Direct Taxes (CBDT) announced an extended deadline for filing income tax returns for the Assessment Year 2025–26 on 27 May 2025. It has been extended from 31
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Australia: ATO revises functional currency guidelines
The ATO updated its Guide to Functional Currency Rules on 22 May 2025, detailing the rules, eligibility, and tax reporting impacts. The Australian Taxation Office (ATO) updated its Guide to functional currency rules on 22 May 2025, covering the
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Dominican Republic: DGII extends e-invoicing implementation deadline for large local, medium taxpayers
The Dominican Republic’s General Directorate of Internal Taxes (DGII) has announced a six-month extension for large local and medium-sized taxpayers who were originally required to implement electronic invoicing by 15 May 2025. This extension,
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Costa Rica extends beneficial ownership filing deadline for non-profit entities
Costa Rica's Tax Administration (DGT) and Drug Institute (ICD) published Joint Resolution No. MH-DGT-RES-0006-2025/icd-DG-0032-2025 in the Official Gazette on 9 May 2025 whicht establishes a transitional provision for specific non-profit
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