Tuesday, February 03, 2026
The UK’s HM Revenue & Customs (HMRC) has published a guidance, on 1 December 2025, for business owners on how to disincorporate a company and continue running its business directly, either as a sole trader or partnership. The guidance also applies to companies used for charitable or other not-for-profit purposes. Business owners can transfer a...
Kenya’s National Assembly approved the ratification of a new income tax treaty with Singapore on 3 December 2025. This agreement, signed on 23 September 2024, replaces the 2018 treaty, which never came into effect. The tax treaty aims to eliminate double taxation on income and prevent tax evasion and avoidance between Kenya and Singapore. The...
The OECD released its report Revenue Statistics 2025 on 9 December 2025. Data on government sector receipts, especially taxes, are essential inputs for most structural economic descriptions and analyses and are increasingly used in cross-country economic comparisons. This annual publication gives a conceptual framework to define which government receipts should be regarded as taxes. It...
Argentina’s tax and customs agency (ARCA) has released frequently asked questions on electronic tax address notifications on 9 December 2025. The Electronic Tax Address is a secure and free virtual mailbox that replaces the physical address for receiving official notifications from ARCA and other public bodies, such as the Ministry of Labour or provincial revenues....
Poland’s Council of Ministers has adopted the draft act on the crypto-assets market on 8 December 2025, which is identical to the draft legislation passed by the Sejm (lower house of the parliament) on 7 November 2025. The Act ensures the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council of...
The Cyprus Tax Department has issued a notice, on 25 November 2025, regarding the anticipated effective date of the agreement for the exchange of Country-by-Country (CbC) reports with the US and the related local filing requirements. The Tax Department has informed all legal entities and their representatives that the bilateral Competent Authority Agreement (CAA) for...
Argentina’s tax and customs agency (ARCA) has initiated a public consultation on a draft regulation to replace General Resolution No. 4717/2020 on transfer pricing and international transactions on 9 December 2025. This resolution, which addresses Income Tax and international operations, is intended to replace prior regulations governing the transfer pricing regime. The draft legislation details...
Tunisia’s tax administration, the Directorate General of Taxes, issued a notice on 11 November 2025, informing taxpayers, who are required to file tax returns, and legal entities, who are required to submit the annual transfer pricing declaration, that they are obliged to: Submit the relevant declarations exclusively via the “TEJ” platform and in accordance with...
The UK government has confirmed that implementation of the OECD’s Pillar One rules will be delayed until 2027, extending its earlier 2024 target as international agreement on the reforms remains out of reach. The decision is detailed in the Treasury Minutes Progress Report released on 4 December 2025, which outlines the government’s progress in responding...
Ireland’s tax authority, Irish Revenue, has published a new Tax and Duty Manual (TDM) VAT Treatment of Extended Warranties (Revenue eBrief No. 232/25) on 8 December 2025 to provide guidance on the VAT treatment of Extended Warranties. This guidance sets out the VAT treatment of extended warranties and the circumstances where an extended warranty should...