El Salvador: MoF publishes guidance on preferential tax jurisdictions
El Salvador lists low- and no-tax jurisdictions for 2026, with related tax rules and treaty guidance. El Salvador's Ministry of Finance ( MOF) issued guidance MH.UVI.DGII/006.002/2025 on countries considered to have preferential tax regimes with
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UK: HMRC releases latest R&D tax credit data
HMRC reports GBP 7.6bn in R&D tax relief for 2023–24, with SME claims down and RDEC claims up. The UK’s HM Revenue and Customs (HMRC) published the latest update in its yearly series on research and development (R&D) activities on 30
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Australia: ATO issues final guidance on guarantees and Division 7A avoidance
The guidance finalises ATO’s guidance and clarifies its view on the application of section 109U to private company arrangements involving guarantees under Division 7A. The Australian Taxation Office (ATO) announced it issued Taxation
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EU Commission recommends expanding access to tax-favoured savings and investment accounts (SIAs)
The EU recommended measures are aimed at increasing access to simplified, tax-advantaged savings and investment accounts. The European Commission (EC) issued a recommendation aimed at expanding access to savings and investment accounts (SIAs)
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Hong Kong: IRD lowers interest on tax reserve certificates
The new rate will apply to all tax reserve certificates purchased on or after 6 October 2025. The Hong Kong Inland Revenue Department (IRD) announced on 3 October 2025 that starting from 6 October 2025, the new annual rate of interest payable
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US: IRS retracts proposed rules on corporate divisions, reorganisations
The U.S. Treasury and IRS have withdrawn the 30 September 2025 proposed regulations on corporate separations, incorporations, reorganisations, and multi-year tax reporting for related transactions. The U.S. Department of the Treasury and the
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Australia: Large companies continue to pay record levels of tax
Corporate tax remains high as nil-tax entities decline. The Australian Taxation Office (ATO) has published its annual Corporate tax transparency (CTT) report revealing large corporates paid a combined AUD 95.7 billion in income tax in 2023–24,
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Singapore: IRAS issues ruling on tax treatment of cash premium in REIT securities exchange
IRAS clarified tax treatment of REIT securities exchange. The Inland Revenue Authority of Singapore (IRAS) has released Advance Ruling Summary No. 20/2025 on 1 September 2025, outlining the tax implications of a cash premium paid in connection
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Iceland consults on changes to innovation tax credit law
The consultation ends on 13 October 2025. The Icelandic Minister of Finance and Economic Affairs launched a public consultation on proposed amendments to Law No. 152/2009, which governs tax credit support for innovative companies. The
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Chile: SII extends deadline for digital platforms to confirm user tax details
The deadlines for platforms to verify users’ business registrations with the SII and for DIPs to validate and submit this information have been postponed: verification now starts 2 January 2026, DIP validation by 1 January 2026, and the final
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Ireland: Revenue updates Tax Duty Manual, provides guidance on tax treatment where employer provides meals for staff
Irish Revenue updated its guidance on exemptions of certain staff meals from taxable benefits Irish Revenue has issued eBrief No. 178/25, providing updated guidance on the tax treatment of employer-provided meals, on 26 September 2025. The
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Slovak Republic: Parliament approves third consolidation package of tax reforms, includes higher corporate taxes
Key tax changes include higher corporate and investment taxes, along with increased consumption taxes, including higher VAT on specific food products, and increased tax on online gaming. The Slovak Republic’s National Council gave its approval
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Poland: MoF begins KSeF 2.0 API open testing ahead of mandatory e-invoicing rollout
The KSeF 2.0 API enables testing of software that facilitates the exchange of information between the National e-Invoice System and commercial invoicing systems. Poland’s Ministry of Finance has released the test (integration) environment of
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US: Treasury, IRS issue guidance on rural opportunity zone investments under the One, Big, Beautiful Bill
The guidance provides clarification on rural Qualified Opportunity Zone investments, which offer tax incentives to encourage economic growth and job creation in underserved areas. The US Department of the Treasury and the Internal Revenue Service
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The two notices, Notice 2025-46 and Notice 2025-49, on 30 September 2025, provide interim guidance on the corporate alternative minimum tax (CAMT). The US Internal Revenue Service (IRS) issued two notices, Notice 2025-46 and Notice
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Greece updates FY 2024 noncooperative tax jurisdictions list
The classification is made under Article 65 of the Greek Income Tax Code (GITC) and covers states, jurisdictions, overseas territories, and territories under special association or dependency regimes. Greece’s Minister of Finance (MOF)
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Zambia: Government presents 2026 budget, proposes VAT refund incentives for energy sector
The national budget for 2026 proposes amendments to key tax laws to enhance revenue, provide targeted relief, promote equity, support economic formalisation, and align with international standards. Zambia’s Minister of Finance and National
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Kazakhstan revises list of jurisdictions with preferential tax regimes
Kazakhstan updates list of 56 preferential tax jurisdictions, effective January 2026. Kazakhstan has issued Order No. 492 on 12 September 2025, updating the list of countries and territories with preferential tax regimes. The order, which
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