Lithuania: VMI updates crypto reporting rules
Under Article 55 of the Law on Tax Administration (MAĮ) and the Law on the Bank of Lithuania, certain entities must notify the VMI of all opened and closed accounts within three business days, using an XML format. Lithuania’s State Tax
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OECD proposes automatic exchange of property tax information
The OECD released a report introducing a framework for the automatic exchange of information on cross-border real estate holdings and income. The OECD has published a report introducing a framework for the automatic exchange of readily accessible
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Kazakhstan: MOF updates list of countries with active double taxation treaties
MOF approved a new list of 40 international tax treaty partners whose nominal profit tax rate exceeded 75 percent of the national corporate income tax, scheduled to take effect on 1 January 2026. Kazakhstan’s Ministry of Finance (MOF) issued
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Lithuania: State Tax Inspectorate clarifies DAC6 reporting rules
The State Tax Inspectorate of Lithuania published an updated commentary on 13 October 2025 regarding Article 61-2 of the Law on Tax Administration, which implements the EU Amending Directive 2018/822 (DAC6), requiring reporting of certain
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Colombia: DIAN updates reporting rules for digital platform operators
DIAN updated digital platform reporting rules with Resolution 228, clarifying definitions, expanding obligations for operators, and refining due diligence and reporting requirements. Colombia’s Tax Authority (DIAN) issued Resolution 228 on 30
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Greece signs Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Derived Through Digital Platforms
Greece signed the DPI-MCAA on 11 September 2025, joining the OECD framework for automatic annual exchange of tax data from digital platform income. Greece signed the Multilateral Competent Authority Agreement on the Automatic Exchange of
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UK: HMRC publishes guidance on mandatory registration under CRS, FATCA
HMRC requires reporting financial institutions and trustee-documented trusts to register under CRS and FATCA by 31 December 2025, with CRS 2.0 updates affecting certain entities from 2026. UK’S HMRC has released guidance in its International
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South Africa signs up for GIR MCAA
South Africa has signed the GIR MCAA, becoming the 21st jurisdiction to align multinational reporting with the OECD’s GloBE Rules.. According to an OECD update released on 8 October 2025, South Africa signed the Multilateral Competent Authority
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Ecuador: Constitutional Court strikes down public integrity law covering tax amnesty, interest on refunds changes
The Court's decision invalidates all provisions of the law, including the tax amnesty and refund interest adjustments. Ecuador's Constitutional Court declared the Organic Law on Public Integrity unconstitutional on 26 September 2025, which
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Denmark updates platform reporting rules under DAC7, DAC8
Danish Official Gazette issues Executive Order 1159/2025 updating platform reporting rules under DAC7 and DAC8, introducing ID service use and EU central register oversight from 1 January 2026. The Danish Official Gazette published Executive
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Czech Republic issues Decree allowing complete waiver of tax penalties, replaces the previous 75% limit
Decree D-72 goes into effect on 15 September 2025. The Czech Republic’s tax authorities (General Financial Directorate) have issued Decree D-72, which the Ministry of Finance published on 10 September 2025, replacing the previous Decree
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Slovak Republic: MoF unveils 2026 public finance, tax reform measures
The key tax changes are in the corporate and investment sectors, which face higher taxes: the top corporate license fee rises to EUR 11,520, and the special levy jumps to 15%. Consumption taxes increase, with VAT on sugary/salty foods at 23% and
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US: IRS calls on taxpayers to review emergency preparedness plans
The IRS urges individuals and businesses to update their emergency preparedness plans, safeguard essential documents, and maintain accurate records to facilitate recovery and access to disaster assistance during peak hurricane and wildfire
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Australia: ATO consults targeted taxpayer relief measures
The consultation is open from 4 September to 2 October 2025. The Australian Taxation Office (ATO) has initiated a public consultation on certain taxpayer relief measures, such as its approach to remission of interest and failure to lodge
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Poland: MoF issues guidance on mandatory disclosure rules
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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Venezuela: Economy ministry issues requirements for tax refunds in special economic zones
The Ministry of Economy and Finance issued guidelines for tax refunds in SEZs, which require certification, tax compliance, and adherence to administrative procedures. Venezuela’s Ministry of Economy and Finance issued Resolution No. 014-25 on
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US: Illinois to tax 50% of GILTI, tightens interest deductions under 2026 budget
Starting with tax years ending on or after 31 December 2025, taxpayers must include 50% of GILTI, as defined under IRC section 951A, in their base income for Illinois tax purposes. Illinois Governor J.B. Pritzker signed a bill (HB 2755) on 16
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Uganda presents 2025–26 budget, proposes income tax exemption for start-ups
Uganda's Ministry of Finance unveiled a UGX 72.136 trillion national budget for 2025-26. Uganda’s Ministry of Finance Planning and Economic Development has unveiled a UGX 72.136 trillion national budget for the 2025-26 financial year on 12
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