Malta extends deadlines for electronic filing of corporate tax returns in 2025
Malta's Commissioner for Revenue has revealed the extended deadlines for submitting corporate income tax returns electronically in 2025. This announcement was made by the Government of Malta on 25 March 2025. The Commissioner for Tax and
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Canada: Newfoundland and Labrador announces 2025 budget, introduces no changes to tax rates
Canada province Newfoundland and Labrador finance minister Siobhan Coady has presented the province’s 2025 budget on 9 April 2025. The minister mentioned the province’s deficit has decreased from CAD 1.5 billion in 2020-21 to CAD 372 million
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Panama updates CRS participating jurisdictions list
Panama published Resolution No. 201-3013 of 26 March 2025 in the Official Gazette on 1 April 2025 updating the list of participating jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard
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Australia: ATO updates guidance on 2024–25 monthly foreign exchange rates
The Australian Taxation Office (ATO) has updated its guidance on Monthly exchange rates for 1 July 2024 to 30 June 2025, including rates for January, February, and March 2025 on 2 April 2025. According to the guidance of the main foreign exchange
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Trade war escalades: China imposes 125% tariffs on US imports
Beijing announced it has increased its tariffs on US imports to 125% earlier today, 11 April 2025. "The US side's imposition of excessively high tariffs on China seriously violates international economic and trade rules, runs counter to basic
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Germany: Coalition government to lower corporate tax rate amongst other policy changes
Germany’s new coalition government, formed by the conservative alliance led by Friedrich Merz and the centre-left Social Democrats (SPD), announced a set of tax measures on 9 April 2025 as part of their policy agreement. The measures include a
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Poland gazettes consolidated transfer pricing rules for corporate tax
Poland published the updated consolidated text of the transfer pricing regulations related to corporate income tax in the Official Gazette on 8 April 2025, reflecting the provisions which have been in effect from 21 March 2025. The provisions of the
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US: IRS announces Q1 deadline for estimated tax payments for 2025
The US Internal Revenue Service (IRS) issued IR-2025-45 on 10 April 2025 reminding self-employed individuals, retirees, investors, businesses and corporations that 15 April is the deadline for first quarter estimated tax payments for tax year
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Mexico announces tax incentive guidelines under ‘Mexico Plan’ decree with new evaluation committee
Mexico published a resolution detailing the guidelines for tax incentives under the “Mexico Plan” decree on 21 March 2025, effective from 24 March 2025. The resolution establishes the role of a new Evaluation Committee, composed of members
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New Zealand opens consultation on GST reform for joint ventures
The Government has launched public consultation on proposals to reform the GST rules for joint ventures on 7 April 2025. The proposals in the discussion document are largely aimed at ensuring the GST rules are fit for purpose for joint venture
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Singapore: IRAS revises e-tax guide on record-keeping for GST and non-GST registered businesses
The Inland Revenue Authority of Singapore (IRAS) has updated two e-Tax Guides on record-keeping requirements for businesses on 31 March 2025. The Record Keeping Guide for GST-Registered Businesses (Eleventh Edition) outlines the necessary
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Sri Lanka issues guidance on AIT relief for low-income interest earners
Sri Lanka’s Inland Revenue Department released Circular No. SEC/2025/E/03 on 28 March 2025, outlining procedures for resident individuals to claim relief from Advance Income Tax (AIT) on interest income. Residents earning interest from banks or
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UAE: Tax Authority issues guide on interest deduction limitations
The UAE Federal Tax Authority (FTA) issued a corporate tax guide (CTGIDL1) on 7 April 2025, outlining the rules for interest deduction limitations. The guide clarifies how businesses should calculate interest expenditures when determining taxable
See MoreGermany releases 2025 CRS reporting list with new jurisdictions
The German Federal Central Tax Office has published a provisional list of jurisdictions for the Common Reporting Standard (CRS) financial account information exchange for 2025 on 26 March 2025. . This list covers jurisdictions that will
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Thailand approves tax incentive to support investment in large commercial EVs
The Thai Cabinet approved a royal decree on 27 March 2025, offering corporate income tax deductions to encourage investment in commercial electric vehicles (EVs), such as electric buses and trucks. The tax relief will be available until 31 December
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Belgium revises 2025 advance income tax payment rules
Belgium's SPF Finance has updated its guidance on Advance Income Tax Payments for Companies. The quarterly advance payment deadlines for the 2025 tax year (2026 assessment year) are: For the first quarter: no later than 10 April 2025; For
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Romania brings amendments to construction tax
Romania introduced and enacted Government Emergency Ordinance no. 21/2025 (GEO 21/2025) on 4 April 2025, which amends the construction tax (pillar tax). The provisions of the ordinance take effect upon publication and will be applicable beginning
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South Africa: Parliament approves 2025 budget with controversial VAT hike
South Africa’s parliament approved the 2025 budget which was presented by Finance Minister Enoch Godongwana on Wednesday, 2 April 2025, despite strong opposition to a controversial increase in value-added tax (VAT). To address government
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