UAE: FTA introduces EmaraTax application for family foundations to register as unincorporated partnerships
The Federal Tax Authority (FTA) introduced a new application via the "EmaraTax" digital tax services platform, enabling eligible Family Foundations to apply for status as an Unincorporated Partnership, provided the Family Foundation met specific
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Malta: Tax and Customs launches new large taxpayer office to streamline services
The Malta Tax and Customs Administration (MTCA) has announced the launch of a new Large Taxpayer Office (LTO), as part of its broader transformation strategy. This announcement was made by the Government of Malta on 9 April 2025. The LTO is
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Uganda proposes broad tax reforms effective July 2025
The Uganda Minister of Finance, Planning, and Economic Development presented the Tax Amendment Bills, 2025 on 27 March 2025, to Parliament for debate. If approved by Parliament and signed by the President of Uganda, the Bills will come into effect
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Kazakhstan considers new tax code amendments, proposes sector-specific rates and VAT increase
Kazakhstan’s lower chamber of parliament is currently examining provisions of the new draft Tax Code, which received approval in its first reading on 9 April 2025. These provisions are based on the draft originally issued by the Ministry of
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US: IRS, Treasury to scrap basis shifting transaction of interest rules
The US Department of the Treasury and Internal Revenue Service (IRS) issued Notice 2025-23 on 17 April 2025, announcing plans to propose removing the basis shifting transactions of interest regulations (T.D. 10028) originally issued on 14 January
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OECD: Tax incentives lead R&D support in most countries
The OECD has issued a statistical release on 22 April 2025, highlighting that tax incentives continue to outpace other forms of government support for R&D in most countries. The report states that close to 55% of total support for business
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Argentina sets rules for using reconstruction bonds to pay taxes and customs debts
Argentina’s tax authority (ARCA) has announced  the regulations for companies and individuals to use Bonds for the Reconstruction of a Free Argentina (BOPREAL) to settle tax and customs debts through General Resolution 5675/2025 on 16 April
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US: Indiana approves 10% property tax credit
Indiana’s Governor Mike Braun (R) signed Senate Bill SB 1 into law on 15 April 2025, introducing significant tax relief measures for Indiana residents and businesses. The legislation provides homeowners with a property tax credit while raising
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Chile halts corporate tax cut, advances support for small businesses and tourism
Chile's Ministry of Finance released a statement on the first meeting of the High-Level Council for Strategic International Economic and Financial Policy, led by President Gabriel Boric. The release noted that income tax reform plans, including a
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Guatemala raises small taxpayer tax threshold
Guatemala has raised the annual income threshold for the simplified small taxpayer regime. This regime applies a flat 5% tax on gross income, replacing income tax and VAT. Starting 9 April 2025, the threshold will be updated from GTQ 150,000 to
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Slovak Republic: Parliament rejects bills to exempt social enterprises from financial transaction tax and to lower excise duty on motor fuels
The Slovak Republic’s Parliament voted down two proposed bills seeking to amend the Financial Transaction Tax (FTT) Act and revise the Excise Duty Law on Mineral Oil on 15 April 2025. Financial Transaction Tax (FTT) Act amendment The
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South Africa: SARS updates Income Tax Return for Companies guide
The South African Revenue Service (SARS) has published an updated guide for completing the Income Tax Return for Companies (ITR14), effective from 23 April 2025. The latest version includes expanded guidance on the reporting of beneficial ownership,
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Saudi Arabia: ZATCA publishes updated guide clarifying VAT Executive Regulations
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has published a VAT Guide, providing clarifications on amendments to the VAT Executive Regulations. The VAT Executive Regulations , which approved changes to the VAT implementing regulations,
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Taiwan raises VAT registration threshold for non-resident e-service providers
Taiwan’s Ministry of Finance issued Decree No. 11404515421 amending the VAT regulations for non-resident electronic service (e-service) providers on 7 April 2025. A key revision under the decree is the adjustment of the VAT registration threshold
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US: IRS updates guidelines for IRC 263A accounting method changes
The US Internal Revenue Service ( IRS) has published an updated International Practice Unit titled IRC 481(a) Adjustments for IRC 263A Accounting Method Changes. This practice unit was updated to remove references to resources that are no longer
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Italy announces 2024 reliability synthetic indexes
Italy’s Ministry of Economy and Finance has published the Decree of 31 March 2025 in the Official Gazette on 18 April 2025, introducing the synthetic indexes of taxpayer reliability (ISA) for 100 business activity categories, applicable for the
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Netherlands scraps proposed VAT hike on sports, culture, media in 2025 Spring Memorandum
The Netherlands Ministry of Finance has released the Spring Memorandum 2025 on 18 April 2025, detailing budget adjustments and policy decisions, including tax measures. It confirms that the government is scrapping the planned VAT increase on
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Hong Kong: Tax authority introduces eTAX portals for businesses, tax representatives, individuals
The Hong Kong Inland Revenue Department has introduced new portals under eTAX, including a pre-launch of the Business Tax Portal (BTP), Tax Representative Portal (TRP) and Individual Tax Portal (ITP) on 22 April 2025. Taxpayers can now register
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