Malaysia: IRBM launches special e-invoice disclosure scheme, updates guidance
The Inland Revenue Board of Malaysia (IRBM) announced on 7 July 2026 that it's rolling out an amnesty programme for businesses that haven't fully complied with e-invoicing rules. The Special Voluntary Disclosure Program (SVDP) is effective
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Bolivia enacts tax amnesty and structural reforms under new legislation
Bolivia's National Tax Service (NTS) has announced the implementation of Law No. 1733 of 27 May 2026, which introduces a tax relief programme to help taxpayers settle outstanding historical tax liabilities through automatic full debt forgiveness and
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Poland: MoF issues guidance on mandatory disclosure rulesÂ
The finance ministry clarified that share capital increases via non-cash or certain cash contributions are excluded from MDR if specific tax conditions are met. Poland’s Minister of Finance issued a general ruling (ref no. DTS5.8092.3.2025,
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US: IRS to waive penalties for some micro-captive disclosures
The U.S. Internal Revenue Service (IRS) has released Notice 2025-24 on 11 April 2025, announcing that it will waive penalties for participants and material advisors of reportable micro-captive insurance transactions if disclosure statements are
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Australia: ATO publishes report on business dispute and settlement findings
The Australian Taxation Office (ATO) has announced the publication of Public and Multinational Business Disputes and Settlements Findings on 11 November 2024. This report offers valuable insights and key findings regarding disputes and
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Finland amends FATCA and CRS annual information returns for 2023
The Finnish Tax Administration issued a newsletter on 15 May, 2024, announcing that financial institutions can submit corrected FATCA and Common Reporting Standard (CRS) annual information returns for 2023. These amendments can be made by
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UK: More Severe Penalties for Promoters of Tax Avoidance
On 27 April 2023 the UK issued a consultation document on more severe penalties for promoters of tax avoidance, inviting comments from interest parties by 22 June 2023. Criminal offence for failure to comply with a Stop Notice The document
See MoreUK: OECD rules on cross-border arrangements to replace DAC 6
On 4 January 2021 HMRC confirmed that the EU rules on mandatory reporting of cross-border tax arrangements involving an EU member state (DAC 6) will mostly cease to apply in the UK from 2021. Under the EU rules set out in DAC 6, cross-border tax
See MoreLuxembourg implements EU Directive on mandatory disclosure rules
On 8 August 2019, the Luxembourg Government submitted draft law 7465 to the parliament to implement the European Union (EU) mandatory disclosure rules and exchange of information on cross-border tax arrangements (DAC6 or the
See MoreLithuania implements EU Directive on mandatory disclosure rules
On 30 July 2019, the President signed the primary legislation implementing the European Union (EU) Directive on the mandatory disclosure and exchange of reportable cross-border tax arrangements (referred to as DAC6 or the Directive) into
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