Monday, April 27, 2026
The Australian Taxation Office (ATO) has opened a public consultation regarding the revised guidance on mining and petroleum exploration expenditures and farm-out arrangements on 10 December 2025. ATO has released updates to three guidance products relating to mining and petroleum exploration expenditure and farm-out arrangements. The ATO also published a decision impact statement on Commissioner...
The Zambia Revenue Authority (ZRA) has issued a Public Notice to inform taxpayers about the availability of the Voluntary Disclosure Programme (VDP) on 12 December 2025, offering relief from penalties and interest on amounts voluntarily disclosed. The VDP provides taxpayers with an opportunity to regularise their tax affairs by declaring: Errors or omissions in previously...
The Inland Revenue Department (IRD) has announced, on 12 December 2025, that the effective date for the new VAT Tax Invoice format has been postponed. Following requests from numerous VAT registered persons, the Commissioner General of Inland Revenue has revised the implementation date to 1 April 2026. The change applies to all registered persons required...
Greece’s Independent Authority for Public Revenue (AADE), in a press release on 16 December 2025, announced that the deadline for submitting second-category ship tax declarations under Law 27/1975 for the 2024 tax year has been extended to 25 February 2026. The extension, announced jointly by Deputy Minister of National Economy and Finance George Kotsiras and...
Russia’s government has approved a decree on the Budget Forecast through 2042 on 15 December 2025. The forecast sets out the characteristics and projected values of key federal budget indicators and their expected dynamics. The Budget Forecast is based on two scenarios for the country’s socioeconomic development through 2042: a baseline scenario and a conservative...
Italy’s Revenue Agency announced that it has published Legislative Decree No. 186 of 4 December 2025 in the Official Gazette on 15 December 2025. This decree introduces a coordinated package of fiscal measures affecting the third sector, amateur sports, VAT, business crisis procedures and digital platforms. The decree aims to streamline existing rules, align domestic...
Portugal’s parliament has published the final text of the 2026 State Budget Law on 12 December 2025, after it was approved by the parliament on 27 November 2025. The final version of the budget law largely mirrors the initial proposals; however, it includes the following changes: Personal Income Tax Changes Under the 2026 PIT measures,...
Estonia, along with Latvia, Lithuania, Malta, and Slovakia, submitted a joint statement to EU finance ministers on Friday, 13 December 2025, calling for fairer taxation of international companies and a reduction in administrative burdens. Finance Minister Jürgen Ligi said Estonia’s submission calls for a review of the EU minimum tax directive, requesting a six-year extension...
The South African Revenue Service (SARS) has reminded trustees and provisional taxpayers that the deadline for submitting both ITR12T trust returns and provisional tax returns is 19 January 2026. This announcement was made on 15 December 2025. SARS encourages trustees to gather all supporting documents, verify beneficiary information, and use SARS eFiling tools or online...
Belgium’s Chamber of Deputies passed legislation on 11 December 2025 to implement key elements of the government’s tax reform plan outlined in April 2025 targeting investment company share gains. The main measures include: Introducing a separate 5% tax on capital gains from the sale of shares in certain investment companies that are generally exempt under...