Saudi Arabia: ZATCA announces 21st e-invoicing integration phase
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has outlined the criteria for the 21st phase of integration under the country’s new E-Invoicing (FATOORA) requirements. This announcement was made by ZATCA on 28 February 2025. This phase
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Singapore: IRAS introduces GST InvoiceNow requirement for e-invoicing
The Inland Revenue Authority of Singapore (IRAS) released a new edition of its e-Tax Guide, Adopting GST InvoiceNow Requirement for GST-Registered Businesses (First Edition), on 7 March 2025. This e-Tax Guide explains the requirement for
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Costa Rica: Tax Authority clarifies use of electronic invoices for imported goods
Costa Rica's Tax Authority has issued Private Letter Ruling No. MH-DGT-0006-2025 on 3 March 2025, clarifying the requirements for electronic invoices in relation to imports. For tangible goods purchased from non-resident suppliers, the standard
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Hungary: Tax Authority releases 2025 audit plan
Hungary’s National Tax and Customs Administration (NAV) has published its audit plan for 2025 on 11 March 2025, outlining priorities for tax, customs and law enforcement controls. The plan focuses on securing budget revenues through measures aimed
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UK: HMRC to close free online filing for company accounts and tax returns by March 2026
The UK tax authority, His Majesty's Revenue and Customs (HMRC) announced on 6 March 2025 that it will shut down its free company filing software. This service allowed businesses and agents to submit company accounts and tax returns to both HMRC and
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UAE: FTA urges natural persons to complete corporate tax registration
The UAE's Federal Tax Authority (FTA) issued a statement on 9 March 2025, urging individuals to register for corporate tax by the end of March 2025. The FTA emphasized that all natural persons subject to Corporate Tax must submit their Tax
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EU Economic and Financial Affairs Council reaches deal on DAC9
The Council of the European Union (the Council), at a meeting of the Economic and Financial Affairs Council (ECOFIN), on 11 March 2025, reached a political agreement on a further amendment of Directive 2011/16/EU on administrative cooperation in the
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UAE: FTA publishes decision No. 2 of 2025 on tax clarifications and directives
The UAE Federal Tax Authority (FTA) has issued Decision No. 2 of 2025, effective from 1 March 2025. The decision updates previous policies on tax clarifications and directives.The decision outlines the process for issuing private and public
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EU: Working Party to discuss clean industry deal and draft energy tax reform
The European Union (EU) Working Party on Tax Questions (Indirect Taxation—Excise Duties/Energy Taxation) unveiled its provisional agenda on 5 March 2025, ahead of its upcoming meeting on 1 April 2025. The Working Party prepares the Economic and
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Ukraine: Central Bank raises key policy rate
The Board of the National Bank of Ukraine (NBU) has decided to raise the key policy rate from 14.5% to 15.5% per annum and to adjust the operational framework parameters of its interest rate policy. The key policy rate is applied to calculate
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Kazakhstan: National Bank further raises base interest rate
The National Bank of Kazakhstan (NBK) announced a further increase in the base interest rate from 15.25% to 16.5% on 7 March 2025. The new rate takes effect starting today, 11 March. The Monetary Policy Committee of the National Bank of
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UAE issues decision on tax review deadline extensions
The UAE Federal Tax Authority issued Decision No. 1 of 2025 on 17 February 2025. The decision takes effect on 1 March 2025. It sets out the conditions for extending or rejecting requests for tax assessment reviews and reconsiderations. The
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UK companies house and HMRC to terminate combined online filing service
The UK Companies House has announced on 6 March 2025 that the joint filing service with HMRC will cease on 31 March 2026. Starting 1 April 2026, businesses will be able to submit their annual accounts to Companies House via third-party software,
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UK: HMRC opens consultation on inheritance tax changes for trust property
The UK tax authority,His Majesty's Revenue and Customs (HMRC) has launched a consultation on the application of inheritance tax changes to property settled into trust on 27 February 2025. At Autumn Budget 2024, the government announced several
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UK: HMRC updates R&D tax relief guidance on qualifying expenditure and subcontracted activities
The UK tax authority, His Majesty's Revenue and Customs (HMRC) has revised its guidance in the Corporate Intangibles Research and Development Manual regarding qualifying expenditure and subcontracted activities for research and development (R&D)
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UK: HMRC consults on replacing windfall tax with two new models
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has opened a consultation on proposals to replace the windfall tax on energy company profits when it expires in 2030. The government has considered policy options, including
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UK: Treasury releases consultation response on umbrella company compliance
The UK Treasury released stakeholder responses to a consultation on tackling non-compliance in the umbrella company market on 4 March 2025. The government plans to amend the Employment Rights Bill to regulate umbrella companies and place them
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Brazil: Federal Revenue launches pilot program Receita Sintonia to encourage tax compliance
The Brazilian Federal Revenue Service (RFB) published Ordinance RFB No. 511/2025 on Monday, establishing the pilot phase of the Receita Sintonia Programme. The initiative aims to encourage companies to comply with tax and customs obligations by
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