Tuesday, February 03, 2026
Chile’s Internal Revenue Service (SII) issued Resolution No. 205 on 30 December 2025, setting the daily interest rate for late tax payments for the first half of 2026 (January – June 2026). Under Law No. 21.713, the late payment penalty changed from 1.5% per month to a daily rate equal to the market interest rate...
Malawi’s President has signed the Value Added (Amendment) Act 2025, raising the VAT rate from 16.5% to 17.5%. The Act received presidential assent on 20 December 2025 and was gazetted on 30 December 2025, entering into force the next day, 31 December 2025. The VAT rate increase is part of Malawi’s 2025-26 Mid-Year Budget Review...
The OECD announced, on 5 January 2026, that the 147 countries and jurisdictions working together within the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS have agreed on the key elements of a side-by-side arrangement, including, among other features, two safe harbours applicable to MNE groups headquartered in jurisdictions recognised by the Inclusive...
Croatia published Ordinance No. 2396 in the Official Gazette on 31 December 2025, amending the rules governing the automatic exchange of tax-related information (AEOI). The ordinance expands reporting obligations for financial institutions, platform operators, and crypto-asset service providers. It sets new rules for identifying and reporting crypto-asset transactions and users. Additionally, the ordinance establishes due...
Chile’s tax authority (SII) published Resolution Ex. SII No. 208-2025 of 30 December 2025 on its website and entered into effect on 1 January 2026. The Resolution updates the large taxpayer list, including taxpayers no longer classified as such and revised the definitions of “business group,” “multinational business group,” and “key economic sector for tax...
Italy’s Ministry of Economy and Finance published the Ministerial Decree of 30 December 2025 in the Official Journal No. 302 of 31 December 2025, which establishes the implementing rules for the recently transposed Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226)(DAC8). This decree implements the DAC8 directive, introducing reporting requirements and the automatic...
Angola’s Ministry of Finance (MOF) has confirmed that electronic invoicing (e-invoicing) will become mandatory for large companies from 1 January 2026, with the obligation extending to all companies in 2027. The announcement was made on 9 December 2025 in Luanda by José Leiria, Chairman of the Board of the General Administration of Taxation (AGT), during...
The income and capital tax treaty between Andorra and the UK entered into force on 22 December 2025. The agreement, signed on 20 February 2025, marks the first bilateral tax treaty concluded between the two jurisdictions. The treaty applies to Andorran corporate income tax, personal income tax, tax on income for fiscal non-residents, and tax...
The Inland Revenue Department (IRD) of Sri Lanka has announced updated levies for betting and gaming businesses following amendments to the Betting & Gaming Levy Act, No. 40 of 1988, under the Betting and Gaming Levy (Amendment) Act No. 25 of 2025. This announcement was made on 31 December 2025. The following changes apply to...
The UAE’s Federal Tax Authority (FTA) has issued Excise Tax Public Clarification EXTP013, dated 29 December 2025, detailing the implementation of a tiered volumetric model for Excise Tax on Sweetened Drinks. The new model came into effect for all taxable persons on 1 January 2026 and should be read alongside Public Clarification EXTP012, which covers...