US: Minnesota revises tax forms due to One Big Beautiful Bill Act (OBBBA) nonconformity
The US State of Minnesota has updated its draft tax forms and instructions for 2024 and 2025 to reflect federal tax changes from the One Big Beautiful Bill Act (OBBBA) passed in July 2025. However, as of 1 May 2023, Minnesota's tax code conforms
See More
Slovak Republic gazettes regulation on DAC8 implementation
The Slovak Republic has gazetted a regulation under the Act on Automatic Exchange of Information on Financial Accounts for Tax Administration, implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8)
See More
Algeria: NTA raises penalties for failure to meet registration duty requirements
Algeria’s tax authority (NTA) issued a circular on 29 October 2025 announcing higher fines for failing to comply with registration duty requirements, effective from 1 January 2025. The circular communicates modifications introduced by Articles
See More
Costa Rica: DGT introduces new monthly tax reporting form for transactions not supported by electronic vouchers
Costa Rica’s tax authority (DGT) issued Resolution MH-DGT-RES-0055-2025 on 3 November 2025, introducing a new monthly tax reporting form for businesses and organisations that conduct transactions not covered by electronic invoices. The new
See More
Australia: BoT redesigns Voluntary Tax Transparency Code (VTTC)
The Board of Taxation (BoT) has completed a redesign of the Voluntary Tax Transparency Code (VTTC), which provides principles and minimum standards to guide medium and large businesses in publicly disclosing tax information. The BoT, responsible
See More
Ireland: Revenue releases updated guidance for CT1 2025 filings
Irish Revenue has issued eBrief No. 203/25 on 30 October 2025, introducing a new section of the Tax and Duty Manual (TDM), Part 38-02-01J, which guides completing Corporation Tax Returns (Form CT1) for accounting periods ending in 2025. The TDM
See More
Brazil mandates disclosure of ultimate beneficial owners of investment funds, companies
Brazil’s Federal Revenue Service published an update to the rule on 31 October 2025, which deals with the identification of the ultimate beneficiaries of investment funds, companies, and legal arrangements operating in the country. This measure
See More
US: IRS announces tax relief for North Dakota and South Dakota storm, flood victims
The US Internal Revenue Service (IRS) released ND-2025-01 and SD-2025-01 on 29 October 2025, announcing tax relief for individuals and businesses in parts of North Dakota and South Dakota affected by severe storms and flooding that began on 12 June
See More
US: IRS announces tax relief to Alaska storm and flood victims
The US Internal Revenue Service (IRS) in a notice (AK-2025-0) on 30 October 2025 announced tax relief for individuals and businesses in the Lower Kuskokwim Regional Educational Attendance Area, Lower Yukon Regional Educational Attendance Area, and
See More
India: CBDT extends income tax returns, audit report deadlines for AY 2025-26
The Central Board of Direct Taxes (CBDT), operating under the Government of India's Ministry of Finance, Department of Revenue, has announced an extension of deadlines for filing Income Tax Returns (ITRs) and various reports of audit for the
See More
US: IRS announces reduced services amid federal shutdown
RF Report The US Internal Revenue Service (IRS) announced on 21 October 2025 that, despite its limited operations during the ongoing US government shutdown, taxpayers are still required to meet all regular tax obligations. Tax refunds will
See More
Hungary: National Assembly automatic exchange of information on crypto-assets, financial accounts, digital platform income
Hungary’s National Assembly ratified three OECD agreements—CARF MCAA, CRS MCAA Addendum, and DPI-MCAA—to enhance automatic exchange of information on crypto-assets, financial accounts, and digital platform income Regfollower
See More
US: IRS urges tax professionals to renew PTINs ahead of 2026 filing season
All paid tax return preparers and enrolled agents must renew their PTINs annually, as 2025 PTINs will expire on 31 December 2025. Regfollower Desk The US Internal Revenue Service (IRS) issued a notice on 27 October 2025, reminding more than
See More
Argentina: ARCA repeals reporting regime for international operations
The repeal seeks to eliminate overlapping reporting requirements and modernise data management without weakening oversight or control mechanisms. Regfollower Desk Argentina’s tax authority (ARCA) has repealed General Resolution No. 5306,
See More
US: IRS updates Form 1099-K guidance under the One, Big, Beautiful Bill
The IRS clarified that under the One, Big, Beautiful Bill, third-party payment processors must file Form 1099-K only if a payee receives over USD 20,000 and more than 200 transactions, reinstating the pre-ARPA threshold. The US Internal Revenue
See More
Hungary: NAV publishes final QDMTT advance payment form on ONYA platform
The 24GLBADO form is required for reporting and paying the QDMTT advance under the country’s implementation of Pillar 2 global minimum tax rules. Hungary's National Tax and Customs Administration (NAV) has published the 24GLBADO form on the
See More
Argentina: ARCA extends deadline for accessing income tax payment facility
The new deadline is set at 28 November 2025. Argentina's tax authority (ARCA) has announced an extension for taxpayers to join the payment facility regime on 22 October 2025, aimed at regularising income tax balances, including adjustments for
See More
Hungary: Government presents DAC8, DAC9 implementation bill to parliament
The legislation aims to align Hungarian law with EU directives by regulating crypto-asset reporting and implementing global minimum tax rules. Hungary’s government has presented Bill No. T/12802 on the implementation of DAC8 and DAC9 in the
See More