Tuesday, February 03, 2026
The UAE’s Ministry of Finance (MoF) announced the issuance of Cabinet Resolution No. (106) of 2025 regarding violations and administrative fines resulting from non-compliance with the legislation regulating the Electronic Invoicing System, as part of the UAE’s efforts to support the digital transformation journey and reinforce tax compliance in line with global best practices. This...
Croatia’s parliament adopted amendments to the Bill on Amendments to the Global Minimum Corporate Tax Act on 5 December 2025, to bring the national rules entirely in line with the OECD GloBE framework and the requirements of EU Directive 2022/2523. A key change is the introduction of Safe Harbour standards for determining the Qualified Domestic...
The Australian Taxation Office (ATO) has initiated a consultation on a draft update to Practical Compliance Guideline PCG 2019/1, concerning transfer pricing considerations for inbound distribution arrangements. This includes updated profit marker guidance – specifically for the Life Science and Information and Communication Technology industries, reflecting current benchmarking to assess transfer pricing risk for inbound...
Sri Lanka’s Inland Revenue Department issued a notice on 10 December 2025 for taxpayers to settle Advance Income Tax (AIT), Withholding Tax (WHT) and Advance Personal Income Tax (APIT) withheld in November 2025 by 15 December 2025. Taxpayers are encouraged to use the Online Tax Payment Platform (OTPP) for settling liabilities. Payments for APIT may...
Cambodia’s upper house of Parliament (Senate) approved the income tax treaty with the Philippines on 5 December 2025. The treaty was initially signed on 11 February 2025, during the Cambodian Prime Minister’s visit to the Philippines. The agreement seeks to eliminate double taxation and prevent tax evasion. Earlier, Cambodia’s National Assembly approved the income tax...
Bulgaria issued the decree ratifying its new income and capital tax treaty with Malta on 9 December 2025. The agreement, signed on 10 December 2024, aims to prevent double taxation and curb fiscal evasion in income and capital taxes between Bulgaria and Malta. It will take effect once both countries exchange their ratification instruments and...
Cambodia’s upper house of Parliament (Senate) approved the protocol to the 2016 income tax treaty with Singapore on 5 December 2025. Signed on 2 November 2023, the protocol will take effect after the exchange of ratification instruments. It will take effect in Cambodia on 1 January of the year after it enters into force. In...
Kazakhstan has officially established the Atyrau Special Economic Zone (SEZ) under Government Decree No. 1028, dated 1 December 2025. The SEZ will operate until 2036, aiming to stimulate industrial development, attract investment, and foster technological advancement. The Atyrau SEZ will focus on sectors including chemical, petrochemical, metallurgical, mineral products, metalworking, rubber and plastics, and other...
Colombia’s Senate announced that its Fourth Commission voted down the government’s proposed 2026 tax reform during the third joint session of Congress’s Economic Commissions, with 4 votes in favour and 9 against. This announcement was made on 9 December 2025. The Government’s Financing Law, aimed at raising COP 16.3 trillion in various taxes from 2026,...
Oman’s Tax Authority (OTA) has released a draft electronic invoicing (e-invoicing) data dictionary for consultation on 1 December 2025. This is part of preparations for the country’s e-invoicing rollout in August 2026. The data dictionary, which forms part of the e-invoicing framework, defines the data elements required to issue a compliant e-invoice. It comprises three...