Tuesday, February 03, 2026
Uruguay’s General Tax Directorate (Dirección General Impositiva – DGI) has issued Resolution No. 2284/025, establishing the official due date schedules for the filing of tax returns and payment of taxes administered by the DGI for the period January–December 2026. The resolution was enacted on 18 December 2025 and published on 19 December 2025, with the...
The South African Revenue Service (SARS) has released an informal guidance document on 19 December 2025, outlining the registration and notification procedures for the Global Minimum Tax (GMT). As part of South Africa’s implementation of the Global Anti-Base Erosion (GloBE) framework, SARS will launch GMT registration and notification via its eFiling platform. The informal guide...
Norway’s Council of State has approved Act No. 123 of 22 December 2025 (Prop. 1 LS 2025–2026) amending the Supplementary Tax Act, which establishes the country’s Pillar 2 minimum tax framework for groups meeting the EUR 750 million consolidated revenue threshold. The proposed amendments in Prop. 1 LS (2025–2026) to the Supplementary Tax Act aim...
Austria has gazetted the Tax Amendment Act 2025 on 23 December 2025, introducing significant changes to the Austrian tax landscape, particularly regarding individual income tax and the global minimum tax (Pillar 2). Pillar 2 updates The updates to the Minimum Taxation Act reflect the ongoing implementation of EU directives (2022/2523 and 2025/872) to ensure a...
The US Treasury Department and the Internal Revenue Service (IRS) issued final regulations in the Federal Register on 18 December 2025, outlining how qualified derivative payments (QDPs) are determined and reported in securities lending transactions for purposes of the base erosion and anti-abuse tax (BEAT) under IRC § 59A, along with related reporting requirements. The...
Finland’s Ministry of Finance issued Notice No. 74/2025 on 31 December 2025, confirming that the Multilateral Competent Authority Agreement under the Crypto-Asset Reporting Framework (CARF MCAA) took effect in Finland starting today, 1 January 2026. Under this agreement, Finland will begin exchanging tax-relevant information on crypto-assets in 2027, covering the 2026 reporting year. The CARF...
Serbia’s Ministry of Finance has announced that the Law on Amendments and Supplements to the Law on Electronic Invoicing was approved on 3 December 2025. A significant change introduced by this update relates to the implementation of preliminary pre-filled VAT returns. These returns, initially approved under an amendment in November 2024 and set to take...
The Office of the United States Trade Representative (US Trade Representative) has issued a Notice of Action titled “China’s Acts, Policies, and Practices Related to the Targeting of the Semiconductor Industry for Dominance,” which was published in the Federal Register on 29 December 2025. The notice confirms that China’s acts, policies, and practices are actionable...
Italy’s government secured a decisive vote of confidence in the Senate on 30 December 2025 for its 2026 budget, winning 113 votes to 70, keeping it on track for final approval by parliament before year-end. The budget now moves to the lower house, where passage is expected before 31 December 2025, avoiding automatic spending and...
The Cyprus parliament passed a major tax reform package on 22 December 2025, introducing higher corporate taxation, expanded personal tax relief, new rules for crypto-asset income, and strengthened compliance mechanisms, alongside targeted incentives to support innovation and investment. The tax measures are as follows: Corporate tax The standard corporate income tax rate is increased from...