New Zealand: Inland Revenue updates guidance on tax control frameworks
New Zealand’s Inland Revenue released updated guidance outlining its expectations for tax control frameworks (TCFs) as part of increased reviews of tax governance, systems, and processes on 7 April 2025. The guidance identifies six key
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OECD releases statement on outcomes of 17th inclusive framework meeting held on 7-10 April
The OECD released a public statement summarizing the key outcomes of the 17th plenary meeting of the OECD/G20 Inclusive Framework on BEPS, which took place from 7-10 April 2025 in Cape Town, South Africa. Domestic tax base erosion and profit
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EU: Council adopts DAC9 to support Pillar Two filings
The Council of the EU announced on 14 April 2025 the formal adoption of changes to the Directive on administrative cooperation in taxation (Directive 2011/16/EU) to simplify filing obligations under the Pillar 2 Directive (DAC9). The directive
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Singapore: IRAS issues updated guidance on globe rules and domestic top-up tax
The Inland Revenue Authority of Singapore (IRAS) has published new presentations offering guidance on the Global Anti-Base Erosion (GloBE) Rules and the Domestic Top-up Tax (DTT) on 8 April 2025. The first module focuses on the scope and charging
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Mexico announces tax incentive guidelines under ‘Mexico Plan’ decree with new evaluation committee
Mexico published a resolution detailing the guidelines for tax incentives under the “Mexico Plan” decree on 21 March 2025, effective from 24 March 2025. The resolution establishes the role of a new Evaluation Committee, composed of members
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Singapore: IRAS revises e-tax guide on record-keeping for GST and non-GST registered businesses
The Inland Revenue Authority of Singapore (IRAS) has updated two e-Tax Guides on record-keeping requirements for businesses on 31 March 2025. The Record Keeping Guide for GST-Registered Businesses (Eleventh Edition) outlines the necessary
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EU Commission unveils 2024 state aid scoreboard
The European Commission has published the 2024 State aid Scoreboard on 8 April 2025 providing a comprehensive overview of State aid expenditure in the EU in 2023. Notably, tax-related State aid emerged as the second most utilized instrument,
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Greece keeps tax debt instalment interest rates fixed until March 2026
The Ministry of National Economy and Finance has announced that interest rates for repaying state debts under the standard arrangement will remain unchanged until March 2026. This move supports taxpayers facing financial difficulties by allowing
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Ireland launches consultation on R&D tax credit review
Ireland's Department of Finance has launched a public consultation to review the research and development (R&D) tax credit, seeking feedback on its effectiveness and impact on innovation and business growth on 2 April 2025. The consultation
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UN: ECOSOC tackles cross-border digital taxation
The UN Economic and Social Council (ECOSOC) has discussed a potential UN framework to address cross-border service taxation, including withholding and digital services taxes, in a special tax meeting on 28 March 2025. The Special Meeting of the
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South Africa raises eligibility for carbon offset allowances in updated tax regulations
The South African National Treasury has updated the Carbon Offset Regulations under Section 19(c) of the Carbon Tax Act, 2019, on 14 March 2025. The amendments raise the eligibility threshold for energy projects qualifying for carbon offset
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New Zealand: Inland Revenue announces 2025 exemptions for foreign company and FIF disclosures
The Commissioner of Inland Revenue (CIR) has revealed the 2025 International tax disclosure exemption on 31 March 2025. Section 61 of the Tax Administration Act 1994 ("TAA") requires taxpayers to disclose interests in foreign entities. Section
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UN Tax Committee adopts major international tax reforms in 30th session
The UN Committee of Experts on International Tax Matters made key changes to global tax policies during its 30th session, which was held from 24 to 27 March 2025 in New York. About the Committee The Committee comprises 25 members, nominated by
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Taiwan: Ministry of Finance clarifies investment loss recognition rules for bankrupt businesses
Taiwan's Ministry of Finance has announced that profit-seeking enterprises can only recognise investment losses from bankrupt businesses once the court has ruled to terminate the bankruptcy proceedings, while the National Taxation Bureau of Taipei
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OECD updates legislation record for Pillar 2 global minimum tax transition qualified status
The OECD has released an updated edition of the Central Record of Legislation with Transitional Qualified Status for the Pillar 2 global minimum tax as of 31 March 2025. The global minimum tax follows a rule order that limits applying minimum tax
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Denmark: Business Authority delays OIOUBL 3 e-invoicing release to October 2025
The Danish Business Authority has announced that the release of the updated version of the Danish e-invoicing format, OIOUBL 3.0, will be delayed. The new release is now expected to be available in October 2025. The final release of the OIOUBL
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UK: HMRC announces increase in late payment interest rates for unpaid taxes
The UK’s tax, payments and customs authority (HMRC) has published a policy paper on 26 March 2025 outlining an increase in the late payment interest rate for unpaid tax liabilities by 1.5 percentage points. This change will take effect from 6
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US outlines CAA with Switzerland
The US Internal Revenue Service (IRS) has released Announcement 2025-08, which outlines a competent authority arrangement (CAA) established with Switzerland in December 2024. The Competent Authority Arrangement entered into by the competent
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