Costa Rica issues transition guidelines for new digital tax system
The resolution outlines the guidelines for disabling current tax platforms to transition to the new “TRIBU-CR” system, which will take effect on 4 August 2025. Costa Rica’s Tax Administration (DGT) issued Resolution No. MH-DGT-RES-0011-2025
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Kazakhstan consults transfer pricing law amendments
The amendment proposes using the official exchange rate to calculate the CbC reporting threshold under transfer pricing rules. Kazakhstan’s Ministry of Finance has initiated a public consultation regarding the draft order proposing changes to
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Poland: MoF issues guidance on beneficial ownership for withholding tax
The guidance provides clarification of the application of the beneficial owner clause for withholding tax under Corporate and Individual Income Tax Laws. Poland’s Ministry of Finance has issued guidance on 3 July 2025, regarding the application
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Mexico updates final lists of taxpayers linked to fake transactions
The updated lists of taxpayers suspected of issuing invalid invoices due to non-existent transactions require affected parties to provide proof or amend tax returns within 30 days. Mexico’s Tax Administration (SAT) has revised the final lists
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Turkey extends tax payment deadlines in earthquake-hit regions
Turkey delays tax debt repayments for earthquake-affected taxpayers until after November 2025. Turkey's Revenue Administration announced the enactment of Presidential Decision No. 10700 on 14 July 2025, extending the payment periods for
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India: CBDT launches nationwide drive to crack down on false income tax deduction and exemption claims
The income tax department has begun a large-scale verification to detect and act against fraudulent claims of deductions and exemptions in income tax returns. India’s Central Board of Direct Taxes (CBDT) initiated a nationwide verification
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Chile extends reduced tax rate for qualifying SMEs until 2028
The new law extends the reduced 12.5% rate through 2025-2027, with a 15% rate starting in 2028. Chile published Law No. 21755 in the Official Gazette on 11 July 2025, extending the temporary reduced corporate tax rate for qualifying SMEs under
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Colombia sets shareholder loan rate at 9.25% for 2025
Colombia has lowered the deemed minimum interest rate on shareholder and partner loans to 9.25% for the 2025 tax year, down from 12.69% in 2024. Colombia’s Ministry of Finance has issued Decree No. 0771 on 7 July 2025, establishing a deemed
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Belgium issues clarification on 2026 B2B e-invoicing rules
The Decree mandates the use of structured e-invoicing for B2B transactions between VAT-registered taxpayers, starting in 2026. Belgium has published Decree of 8 July 2025 in the Official Gazette, mandating structured electronic invoicing
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Indonesia mandates income tax withholding by e-commerce and online platforms
The regulation introduces income tax withholding requirements for both domestic and foreign e-commerce and online marketplace operators. Indonesia's Ministry of Finance announced Regulation No. 37 of 11 June 2025 (PMK37/2025) on 14 July 2025,
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Slovak Republic adopts DAC8 law
The bill will take effect on 1 January 2026. The Slovak Republic has published a bill amending the Act on Automatic Exchange of Information on Financial Accounts for Tax Administration purposes in the Collection of Laws on 10 July 2025. This
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Costa Rica sets new rules for tobacco tax calculation
The regulations mandate procedures for calculating taxes on tobacco products to fund social welfare and ensure prior reporting of price and import data. Costa Rica’s tax administration (DGT) has published Resolution No. MH-DGT-RES-0008-2025 in
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Bolivia: National Tax Service announces corporate tax filing and payment deadline for industrial, construction, oil sectors
The deadline is for tax periods ending on 31 March 2025. Bolivia’s National Tax Service (SIN) announced on 11 July 2025, reminding taxpayers in the industrial, construction, and oil sectors that the deadline to file and pay corporate income
See MoreTurkey issues updated 2025 tax guide on passenger vehicles
The guidance updates the tax rules for business-use passenger vehicles and sets limits on deductible expenses and depreciation for the 2025 fiscal year. Turkey’s Revenue Administration has published an updated guide on the tax treatment of
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Bangladesh, US to hold final tariff negotiations before August 25
Bangladesh and the US to hold final tariff negotiations next week to avert 35% export duty. Bangladesh will commence a third and final round of negotiations with the US next week to avert a 35% tariff on its exports, scheduled to take effect on 1
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Denmark updates DAC7 guidance for platform reporting obligations
Revised guidance outlines 2024 platform income reporting rules and updates for rental platforms. Denmark’s tax authorities have released revised guidance on implementing the Amending Directive to the 2011 Directive on Administrative Cooperation
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US: IRS exempts US-owned pass-throughs from international tax reporting
Starting in the 2024 tax year, domestically owned pass-through entities with only U.S. shareholders or partners are exempt from filing IRS international tax forms Schedule K-2 and K-3. The US Internal Revenue Service (IRS) issued updated guidance
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Taiwan issues CFC exemption guidelines for 2025 compliance
New guidance confirms Taiwan’s CFC exemption applies to entities with limited earnings or substantial operations. Taiwan’s Ministry of Finance has released a notice to specify the exemption limit for current-year income under the Controlled
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