Romania: ANAF launches awareness campaign to support MNEs in preparing CbC report for 2024
Romania's National Agency for Fiscal Administration (ANAF) has launched a national awareness campaign on 13 November 2025 to support Romanian constituent entities of multinational enterprise groups in meeting their international tax reporting
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Singapore: IRAS revises transfer pricing rules, launches pilot SSA for baseline routine marketing and distribution activities
The Inland Revenue Authority of Singapore (IRAS) updated its transfer pricing guidance on 19 November 2025, introducing a new section outlining the simplified and streamlined approach (SSA) for pricing qualifying baseline marketing and distribution
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EU Parliament endorses protocols to expand AEOI-CRS agreements with Andorra, Monaco, San Marino, Liechtenstein, Switzerland
The European Parliament approved Legislative Resolution Nos. P10_TA(2025)0269 (Andorra), P10_TA(2025)0270 (Monaco), P10_TA(2025)0271 (San Marino), P10_TA(2025)0272 (Liechtenstein) and P10_TA(2025)0273 (Switzerland), authorising the conclusion of
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Liechtenstein: Parliament approves GIR MCAA
Liechtenstein’s parliament has approved the ratification of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 7 November 2025. Liechtenstein signed the GIR MCAA on 29 September 2025. GIR MCAA
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Morocco: Government approves draft decree updating transfer pricing documentation, filing rules
Morocco's Council of Government approved draft Decree No. 2.22.1020 on 13 November 2025, introducing updated transfer pricing documentation and filing rules. The decree specifies the content required for both the master and local files and sets
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Australia: ATO to revise transfer pricing guidance on imported products
The Australian Taxation Office (ATO) is revising its guidance (PCG 2029/1) on transfer pricing risks for businesses that import foreign goods and digital services. The ATO also plans to update its benchmarking tool by December, refining how it
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India: MoF clarifies transfer pricing tolerance range for FY 2025-26
India’s Ministry of Finance (MoF) has issued a notification on 6 November 2025, setting tolerance limits for arm’s length pricing in international and specified domestic transactions for the assessment year 2025-26. Under the new rules, the
See MoreAustralia: ATO extends 2024 transfer pricing reporting deadlineÂ
The Australian Taxation Office has extended the deadline for Country-by-Country (CbC) Reporting Entities to submit their transfer pricing documentation for reporting periods ending on 31 December 2024. Under the extension, affected entities now
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UK: HMRC updates transfer pricing guidance
The UK’s HM Revenue and Customs (HMRC) revised its Transfer Pricing Operational Guidance (INTM480000) on 10 November 2025. The update revises the section Searching for comparables: range of results (INTM485120), which sets out HMRC’s approach to
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Bulgaria: MoF updates transfer pricing rules
Bulgaria’s Ministry of Finance (MoF) issued Ordinance H-3 of 7 November 2025, updating the country’s transfer pricing framework to align with the latest OECD Transfer Pricing Guidelines. The ordinance was published in the State Gazette on 11
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OECD releases updated GIR MCAA signatories list
The Organisation for Economic Cooperation and Development (OECD) published an updated list of signatories, including their signing dates, to the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE)
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Portugal: Parliament approves corporate tax cuts from 2028
Portugal’s parliament has gazetted Law No. 64/2025 on 7 November 2025, reducing corporate income tax rates. Under the new law, the standard corporate income tax (CIT) rate will decrease to 17% for tax periods commencing on or after 1 January
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Hungary gazettes laws on ratification of CARF MCAA
Hungary’s President has signed the Law No. LXXIII of 2025 on the Multilateral Competent Authority Agreement on Automatic Exchange of Information Pursuant to Crypto-Asset Reporting Framework (CARF MCAA), and its list of participating jurisdictions,
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Hungary gazettes laws on ratification of DPI MCAA
Hungary’s President has signed the Law No. LXXIII of 2025 on the Multilateral Competent Authority Agreement on Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA) approving the DPI MCAA and its list of
See MoreHungary joins GIR MCAA
Hungary has joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), under Pillar 2 of the OECD/G20 Inclusive Framework's two-pillar solution, as of 31 October 2025. The Global Anti-Base Erosion
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Chile joins crypto-asset reporting framework (CARF-MCAA)
Chile joined the Multilateral Competent Authority Agreement on Automatic Exchange of Information Pursuant to the Crypto-Asset Reporting Framework (CARF MCAA) on 21 October 2025. This framework standardises the reporting of crypto-asset
See MoreAustralia: ATO consults draft Public CBC reporting instructions
The Australian Taxation Office announced yesterday, 5 November 2025, that consultations are open on the draft instructions for completing the Public country-by-country (CBC) report. Under the Public CBC reporting rules, certain public and
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Costa Rica: DGT updates transfer pricing return dates for 2024, 2025
Costa Rica’s tax administration (DGT) has published Resolution MH-DGT-RES-TEMPORAL-0001-2025 in the Official Gazette on 31 October 2025 clarifying deadlines for submitting the transfer pricing information returns for fiscal years 2024 and
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