Ecuador: SRI updates e-filing rules for large taxpayers
Under this resolution, taxpayers must submit their declarations and pay their taxes at the same time, by the statutory due date. Ecuador’s tax authority (SRI) issued Resolution NAC-DGERCGC25-00000030 on 23 September 2025, updating the
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Iceland consults on changes to innovation tax credit law
The consultation ends on 13 October 2025. The Icelandic Minister of Finance and Economic Affairs launched a public consultation on proposed amendments to Law No. 152/2009, which governs tax credit support for innovative companies. The
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Hong Kong: IRD extends filing deadline for 2024-25 profits tax returns
IRD extended the 2024/25 Profits Tax return filing deadline for ‘M’ code cases. The Hong Kong Inland Revenue Department (IRD) has announced on 2 October 2025 an extension for the lodgement of 2024/25 Profits Tax returns under the Block
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Turkey consults Pillar 2 global minimum tax implementation
The consultation is set to conclude on 27 October 2025. The Turkish Revenue Administration released a draft General Communiqué for public consultation, setting out the framework for implementing the Pillar 2 Global Minimum Tax (GMT) on 3 October
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UK: HMRC introduces tool to determine qualifying R&D activities for tax relief
The tool is designed to check R&D tax relief for eligible projects. The UK’s HM Revenue and Customs (HMRC) issued guidance on 30 September 2025 introducing an online tool designed to help taxpayers assess whether a project contains
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Chile: SII extends deadline for digital platforms to confirm user tax details
The deadlines for platforms to verify users’ business registrations with the SII and for DIPs to validate and submit this information have been postponed: verification now starts 2 January 2026, DIP validation by 1 January 2026, and the final
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Brazil, US sign agreement on automatic tax data sharing
The arrangement creates a formal system for Brazil and the U.S. to automatically share tax information under their 2007 agreement. The U.S. Internal Revenue Service (IRS) and Brazil have published a competent authority arrangement on 27 August
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Angola: AGT delays rollout of mandatory e-invoicing to December 2025
From 1 October to 31 December 2025, a transition period will allow taxpayers to continue issuing invoices in traditional formats without facing penalties. Angola’s General Tax Administration (AGT) announced on 30 September 2025 that it had
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Australia: ATO issues final ruling on thin capitalisation third-party debt rules
The TPDT, introduced by the 2024 Treasury Laws Amendment, replaces the arm's length debt test for general investors and financial entities with a simpler, more streamlined method. The Australian Taxation Office (ATO) has issued Taxation Ruling TR
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Poland: Council of Ministers approve corporate tax increases for banks, cuts special bank levy
Starting in 2026, the standard corporate tax rate for banks will increase from 19% to 30% before dropping to 26% in 2027 and 23% from 2028 onward, while the reduced rate will rise from 9% to 20% in 2026 and then fall to 16% in 2027 and 13% in
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OECD: Finland, Liechtenstein, and Norway join GIR MCAA
In total, 20 countries have signed the agreement as of 30 September 2025. According to an OECD update on 30 September 2025, Finland, Liechtenstein, and Norway have signed the Multilateral Competent Authority Agreement on the Exchange of GloBE
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Romania joins crypto-asset reporting framework (CARF-MCAA)
Romania plans to begin exchanging information under CARF by 2027. Romania signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF) on 3 September 2025. This framework standardizes the
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US: Court of Appeals determines tax authorities cannot reallocate income beyond a taxpayer’s legal entitlementÂ
The IRS sought to reallocate an additional USD 23.7 million in royalties to 3M under the arm’s-length standard, despite the company’s Brazilian subsidiary being legally limited to paying only USD 5.1 million. The US Court of Appeals for the
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Ireland: Revenue updates Tax Duty Manual, provides guidance on tax treatment where employer provides meals for staff
Irish Revenue updated its guidance on exemptions of certain staff meals from taxable benefits Irish Revenue has issued eBrief No. 178/25, providing updated guidance on the tax treatment of employer-provided meals, on 26 September 2025. The
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UAE: MOF announces framework, implementation schedule of nationwide e-invoicing system
The system will apply to all business-to-business (B2B) and business-to-government (B2G) transactions, unless specifically excluded. Business-to-consumer (B2C) transactions are not subject to the requirements. Both issuers and recipients of invoices
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Malaysia: RMCD updates sales tax exemptions for motorcycles, soya beans, machinery
RMCD updates sales tax exemptions on motorcycles, soya beans, and machinery. The Royal Malaysian Customs Department (RMCD) has issued updated guidance on sales tax exemptions granted by the Minister of Finance. Under Sales Tax Policy 1/2025,
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Chile: SII revises UAE’s status on its preferential tax regimes listÂ
This resolution repeals Resolution Ex. SII No. 61-2025, which had set 1 June 2023 as the removal date, and confirms that the UAE is not considered to have a preferential tax regime under the Income Tax Law (LIR). Chile’s tax administration
See MoreChile: SII revises 2026 luxury tax values for aircraft, yachts, vehicles
Resolution Ex. SII No. 121-2025 updates the fair market values for helicopters, airplanes, yachts, and vehicles subject to the 2% luxury goods excise tax for 2026. Chile’s tax administration (SII) has published Resolution Ex. SII No. 121-2025
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