Tuesday, March 17, 2026
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) announced the issuance of a decision by the Minister of Finance approving the extension of the Initiative to Cancel Fines and Exempt Taxpayers from Financial Penalties for those subject to all tax systems, for a period of six Gregorian months starting from 1 January 2026. This announcement...
Malaysia gazetted the Finance Act 2025 and the Measures for the Collection, Administration and Enforcement of Tax Act 2025 on 31 December 2025. These laws give effect to selected measures announced in the 2026 Budget and additional tax measures. The key tax measures include: New taxes and adjustments to income rules From the year of...
Finland’s government has presented a legislative proposal (HE 196/2025) to parliament (published on 2 January 2026), which seeks to amend the Act on the Minimum Tax for Large Groups (1308/2023) to incorporate the OECD and G20 Inclusive Framework guidance on minimum taxation issued in 2024 and 2025. The Act also seeks to enable the Tax...
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...