Sri Lanka: IRD announces AIT, WHT, APIT December 2025 deadlines
Sri Lankan Inland Revenue Department (IRD) has reminded taxpayers to pay Advance Income Tax (AIT), Withholding Tax (WHT) and Advance Personal Income Tax (APIT) withheld during December 2025 no later than 15 January 2026. Tax Types and Payment
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Argentina: ARCA launches digital tax address system for taxpayers, customs operators
Argentina’s tax and customs collection agency (ARCA) announced on 8 January 2026 that it will implement a new tax address regime to replace the current system. The goal is to simplify procedures, reduce administrative burden, and provide greater
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Sweden joins GIR MCAA
The OECD announced that Sweden signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 4 November 2025. The Global Anti-Base Erosion (GloBE) Model Rules require each Constituent Entity of an MNE
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UK: HMRC reduces late payment, repayment interest rates
UK’s HM Revenue & Customs (HMRC) has announced that interest rates for late tax payments and repayments in the UK will be reduced, following the Bank of England’s cut to the base rate. The rates, which are set in legislation and linked
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UK: Treasury approves side-by-side framework for global minimum tax
The UK Parliament has released a statement from the Exchequer Secretary to the Treasury on 7 January 2026 endorsing the Side-by-Side arrangement for the Pillar 2 global minimum tax, recently agreed by the BEPS Inclusive Framework. Implementation in
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Cyprus: MoF endorses Pillar 2 side-by-side framework
The Cyprus Minister of Finance issued a statement on 8 January 2026 regarding the Side-by-Side (SbS) arrangement for the Pillar 2 global minimum tax, recently endorsed by the BEPS Inclusive Framework. The release highlights that, under Council
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UK: HMRC launches technical consultation on CIS changes
The UK tax authority, HM Revenue & Customs (HMRC), has launched a technical consultation on draft regulations to simplify the Construction Industry Scheme (CIS). The consultation, opened on 6 January 2026, covers exemptions for payments to
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Taiwan: MoF extends 2025 income withholding certificates filing deadline
Taiwan’s Ministry of Finance (MoF) has extended the deadline for filing 2025 income withholding and non-withholding certificates, dividend certificates, trust income declarations, and trust property income certificates to 2 February 2026, after
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Saudi Arabia: ZATCA issues guidance on taxation of technical, consulting services
The Saudi Zakat, Tax, and Customs Authority (ZATCA) issued a Tax Bulletin clarifying the treatment of technical and consulting services under the Income Tax Law and applicable Double Taxation Avoidance Agreements on 25 December 2025. The guidance
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Ireland: Irish Revenue introduces stamp duty exemption for certain stock transfers
On 30 December 2025, the Irish Revenue issued eBrief No. 251/25, introducing a new stamp duty exemption for certain transfers of stocks and marketable securities. The exemption applies to qualifying transfers made between 1 January 2026 and 31
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Chile: SII publishes 2026 luxury tax list
Chile’s Internal Revenue Service (SII) has issued Resolution No. 194, detailing the assets and market values for the 2026 luxury tax. The 2% annual tax applies to high-value items owned by individuals or companies in Chile. Asset Type Tax
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Taiwan: Northern District National Taxation Bureau expands mobile payment tax benefits until 2028
Taiwan’s Northern District National Taxation Bureau has announced on 5 January 2025 that the 1% business tax incentive for small-scale businesses using mobile payments or multimedia information service machines (KIOSKs) will be extended until 31
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Malta: MTCA implements EU carbon border adjustment mechanism (CBAM)
Malta’s Tax and Customs Administration (MTCA) has confirmed that the European Union’s Carbon Border Adjustment Mechanism (CBAM) will enter full operation on 1 January 2026. This announcement was made on 24 December 2025. Under the new
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Chile: SII revises lists of large taxpayers
Chile’s tax authority (SII) published Resolution Ex. SII No. 208-2025 of 30 December 2025 on its website and entered into effect on 1 January 2026. The Resolution updates the large taxpayer list, including taxpayers no longer classified as such
See MoreChile: SII launches simplified registry for subsistence taxpayers
Chile’s tax authority (SII) has issued Resolution Ex. SII No. 193-2025 of 22 December 2025, which introduces the “Registry of Small Taxpayers Developing Subsistence Activities.” This initiative aimed to simplify tax obligations for
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Malaysia: IRBM defers e-invoicing for new businesses, exempts sub-MYR 1 million revenue taxpayers
The Inland Revenue Board of Malaysia (IRBM) has released an updated guidance on 7 December 2025, where it revised the annual turnover threshold for e-invoicing. In a previous report, taxpayers with annual turnover or revenue below MYR 500,000
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Malaysia: IRBM updates ruling on tax classification for SMEs
The Inland Revenue Board of Malaysia (IRBM) released Public Ruling No. 8/2025 on 22 December 2025, providing guidance on the classification and tax treatment of micro, small, and medium-sized companies or enterprises (MSMEs), including limited
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US: IRS updates guidance on business interest deduction limits
The US Internal Revenue Service (IRS) updated the frequently asked questions in Fact Sheet 2025-09 on 23 December 2025, regarding changes to the limitation on the deduction for business interest expense (Section 163(j)) under the One, Big, Beautiful
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