US: IRS confirms US-Bulgaria CbC exchange agreement
The IRS updated its Country-by-Country Reporting (CbCR) Jurisdiction Status Table on 11 March 2025, confirming that the competent authority arrangement between the US and Bulgaria became operative on 9 September 2024. Country-by-Country
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Chile introduces new advance pricing agreement process
Chile’s Internal Revenue Service (SII) has issued Resolution No. 28 of 6 March 2025 on 6 March 2025, introducing a new approach for taxpayers to request advance pricing agreements (APAs). This new resolution replaces previous resolutions from
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Australia: ATO issues guidance on public CbCR exemptions
The Australian Taxation Office (ATO) has updated its list of topics under review, including exemption discretions for public country-by-country reporting (CbCR). Purpose This draft Practice Statement will outline the Commissioner’s approach
See MoreOECD: Report on Simplified Peer Review of Iceland under BEPS Action 14
On 4 March 2025 the OECD issued a stage one simplified peer review report on Iceland under BEPS action 14. The report sets out the results of Stage 1 of the simplified peer review of the implementation of the minimum standard on making dispute
See MoreOECD: Report on Simplified Peer Review of Peru under BEPS Action 14
On 4 March 2025 the OECD issued a stage one simplified peer review report on Peru under BEPS action 14. The report sets out the results of Stage 1 of the simplified peer review of the implementation of the minimum standard on making dispute
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Costa Rica: Draft resolution on CRS reporting criteria open for public consultation
Costa Rica’s tax administration (DGT) has published a draft resolution for public consultation on 4 March 2025. The resolution outlines selection criteria and risk factors for reviewing financial account reports under the Common Reporting Standard
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Singapore: IRAS adds Dominican Republic to CbC reporting exchange list
The Inland Revenue Authority of Singapore (IRAS) updated its Country-by-Country Reporting guidance page on 5 March 2025. The update includes a revised list of jurisdictions with which CbC reports (CbCR) can be automatically exchanged, adding
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Slovenia gazettes MDR MCAA in English and Slovenian
Slovenia has ratified the Multilateral Competent Authority Agreement on the Automatic Exchange Regarding CRS Avoidance Arrangements and Opaque Offshore Structures (MDR MCAA) on 13 February 2025. Signed on 9 November 2022, as published in Official
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Slovenia ratifies multilateral exchange agreement on CRS avoidance and opaque offshore structures
Slovenia has published the regulation for the ratification of the Multilateral Exchange Agreement on CRS avoidance arrangements and opaque offshore structures in the official Gazette on 28 February 2025. The agreement will facilitate the annual
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New Zealand updates list of reportable jurisdictions for CRS
The Inland Revenue of New Zealand issued Order in Council No. 2025/15 on 27 February 2025, updating the list of reportable jurisdictions for the automatic exchange of financial account information under the CRS MCAA. The Common Reporting Standard
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Serbia adopts rulebook on arm’s length interest rates for 2025
Serbia’s Ministry of Finance has issued the Rulebook on arm’s length interest rates for 2025, which was published in the Official Gazette of Serbia No. 17/2025 on 28 February 2025. The rulebook establishes specific interest rates for both
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Ukraine: Parliament passes amendments to MLI ratification law
Ukraine’sparliament (Verkhovna Rada) approved Law No. 0293 on 27 February 2025. This law amends Article 1 of the ratification law for the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent BEPS (MLI). Other key
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OECD revises signatories list for MCAA-CbC as of February 2025
The Organization for Economic Cooperation and Development (OECD) has released an updated list of signatories to the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports on 26 February 2025. The
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Israel seeks input on local R&D centres and IP valuations
Israel’s tax authority (ITA) released a draft Tax Circular on 27 February 2025 for public comment. The circular outlines criteria and requirements for local R&D centres and post-acquisition IP sales, offering potential certainty from the
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Poland proposes changes to DAC6 disclosure rules
Poland’s Ministry of Finance has proposed amendments to the mandatory disclosure rules (MDR) for potentially aggressive tax arrangements on 17 February 2025. The draft law aims to improve relations between taxpayers and tax authorities and
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Vietnam updates regulations on related-party transactions, transfer pricing
The Vietnam government has issued Decree No. 20/2025/ND-CP amending Decree No. 132/2020/ND-CP on transfer pricing on 10 February 2025, addressing the treatment of lenders or guarantors as related parties. A borrowing or guaranteed enterprise is
See MoreWTO Working Paper: Evolution of Preferential Trade Under Regional Trade Agreements
A WTO working paper of 7 February 2025, written by Rohini Acharya and Thakur Parajuli has the title The Evolution of Preferential Trade Under Regional Trade Agreements: Has Anything Changed? The paper looks at the question of whether the share of
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France advances CRS declaration deadline
France has shifted the annual Common Reporting Standard (CRS) declaration deadline for financial institutions from 31 July to 15 July. The change, introduced by Decree No. 2025-149, was published in the Official Journal on 19 February 2025. The
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