Australia: Treasury releases issues paper on budget sustainability, tax reform before economic reform roundtable
The issues paper outlines tax reforms to ensure fair resource returns, extend small business asset write-offs, support affordable housing, incentivise renewable energy investments, make superannuation concessions equitable, and enhance tax
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Chile: SII sets VAT filing and payment rules for foreign e-sellers, digital platforms
SII’s new Resolution No. 93 requires foreign taxpayers registered to declare and pay 19% VAT on remote sales or facilitation of low-value goods. Chile’s tax authority (SII) has issued Resolution No. 93 of 30 July 2025, setting rules for VAT
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Thailand: BOI to introduce refundable tax credits under new GMT rules
Thailand’s BOI will allow promoted companies to claim cash refunds for unused tax credits under new global minimum tax rules. Thailand’s Board of Investment (BOI) plans to introduce Qualified Refundable Tax Credits (QRTCs) under the Pillar
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Finland: Ministry of Finance reveals 2026 Budget, revises corporate donation rules
Proposed corporate tax changes include expanded donation deductions, stricter crypto reporting (DAC8), anti-dividend tax avoidance measures, VAT rate adjustments, reduced CO2 transport fuel taxes, and higher taxes on electric/hybrid vehicles,
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Nigeria: Government approves R&D, local materials tax incentives
RMRDC received Federal Government approval on 2 July 2025 to implement tax incentives for R&D and the use of locally sourced raw materials. Nigeria’s Raw Materials Research and Development Council (RMRDC) has announced, on 2 July 2025, that
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Malaysia updates transfer pricing audit framework for 2025
IRBM revises penalty and surcharge rules in the updated guidelines. The Inland Revenue Board of Malaysia (IRBM) has issued the Malaysia Transfer Pricing Tax Audit Framework 2025 on 31 July 2025, replacing the previous Transfer Pricing Tax Audit
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Singapore: IRAS publishes details on GST audit, enforcement activities
IRAS reports over 2,800 GST audits in FY 2024-25, recovering SGD 205 million and urging businesses to improve compliance and voluntarily disclose errors. The Inland Revenue Authority of Singapore (IRAS) has released details regarding its GST
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Ireland: Revenue updates sports tax exemption guidelines
Irish Revenue issues updated guidance on tax exemption for certain sporting national governing bodies under the Finance Act 2024. The Irish Revenue published eBrief No. 155/25 on 5 August 2025 regarding an updated Tax and Duty Manual covering the
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Senegal announces recovery plan to reduce external borrowing, improve public finances
Senegal’s government unveiled a recovery plan on 1 August 2025, introducing new taxes, fraud controls, and visa fees. Senegal’s government announced an economic recovery plan on 1 August 2025 aimed at reducing external borrowing and
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France: Tax authority issues guidance on 2025 temporary CIT surcharge for large companies
The tax authorities issued guidelines on the temporary corporate tax surcharge for large companies under the 2025 Finance Law. The French tax authorities published administrative guidelines under reference No. BOI-IS-AUT-60 on 6 August 2025
See MoreChile: SII issues guidance on VAT, invoicing rules for outsourced services
The Ruling clarifies VAT treatment and invoicing requirements for outsourced services. Chile’s tax administration (SII) published Ruling No. 1394-2025 on its website on 24 July 2025, in which it provided clarification of value added tax (VAT)
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South Africa: SARS updates interest rate for taxation of low interest loans
SARS will cut the official interest rate for taxing interest-free or low-interest loans from 8.25% to 8.00% on 1 September 2025. The South African Revenue Service (SARS) has updated Table 3 of the official interest rates used for taxing
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Poland: MoF consults on draft DAC8, DAC9 implementation billÂ
The deadline for submitting comments is 18 August 2025. Poland’s Ministry of Finance initiated a consultation regarding Draft Bill No. UC110 on 25 July 2025. The bill focuses on implementing mandatory automatic exchange of information (AEOI)
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Argentina extends payment scheme for tax debts from miscalculated losses
The updated plan introduces fines in the payment plan, reduces the initial advance payment to 2% of the total tax debt, and extends the application deadline to 31 October 2025. Argentina’s tax authority (ARCA) has renewed the payment plan
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Italy: Revenue Agency approves notification form for companies opting out of GIR submission under the global minimum taxÂ
The Order of 7 August 2025 introduces a form model for companies under the GMT opting out of submitting the global information return (GIR). The Italian Revenue Agency has issued the Order of 7 August 2025, approving a notification form for
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Bolivia: National Tax Service extends corporate tax filing deadlines for FY March 2025
The extension was issued in Resolution No. 102500000034 on 4 August 2025. Bolivia's National Tax Service (SIN) extended the corporate tax return and payment deadline for the fiscal year ending on 31 March 2025 to 18 August 2025. The extension
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Germany: MoF releases draft law to amend Minimum Tax Act, aligns with the latest OECD Pillar Two GloBE guidelines
The draft legislation aims to amend the Minimum Tax Act by implementing the new OECD guidelines of December 2023, May 2024, and January 2025. Germany’s Ministry of Finance has released a draft law (Minimum Tax Adjustment Act) to amend the
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Taiwan: MoF clarifies direct and indirect holdings count in CFC rules
The finance ministry confirms both direct and indirect related-party ownership count when determining CFC status in low-tax jurisdictions. Taiwan’s Ministry of Finance has released a statement on 31 July 2025 clarifying that in assessing
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