Tuesday, March 17, 2026
Poland’s Ministry of Finance announced four implementing regulations governing the use of the National e-Invoicing System (Krajowy System e-Faktur – KSeF) on 16 December 2025. 1. Cases Exempt from Structured Invoices The regulation of 7 December 2025 (Journal of Laws, item 1740) clarifies that issuing structured invoices in KSeF is not required. Exemptions include toll...
Italy’s Revenue Agency, with approval from the Ministry of Economy and Finance and the Bank of Italy, has established a single deadline for intermediaries to transfer VAT advance payments to the Treasury on 16 December 2025. Banks, post offices, collection agents, and other payment institutions must transfer amounts collected on 22, 23, 24, and 29...
The European Commission published its Mind the Gap Report on 11 December 2025, which offers a detailed evaluation of tax gaps across the EU and its 27 Member States. Tax gaps can emerge due to taxpayer non-compliance, such as tax evasion and avoidance, or in relation to tax policy choices, such as tax reliefs or...
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance has issued guidance on claiming tax credits for investments in smart machinery, 5G systems, cybersecurity, and artificial intelligence solutions, as well as energy-saving and carbon-reduction technologies. The Taipei National Taxation Bureau of the Ministry of Finance has stated that companies or limited partnerships that invest...
The Egyptian Tax Authority (ETA) issued Instruction No. 46 of 2025, on Tuesday, 2 December 2025, establishing a formal procedure for registered taxpayers to offset credit balances, including VAT credits, against their outstanding tax liabilities. This announcement was made on 3 December 2025. The instructions, issued under Article 50 of Law No. 206 of 2020,...
The UK tax authority, HM Revenue & Customs (HMRC), on 12 December 2025, released updates to its Capital Gains Manual, providing guidance on measures announced at Budget 2025, effective from 26 November 2025. The updates clarify HMRC’s approach to statutory clearance procedures and explain the application of certain corporate reorganisation provisions in the context of...
Estonia did not approve the proposed amendments to the minimum tax rules presented under the OECD silent procedure on the Pillar 2 Side-by-Side System Package. The country is seeking a solution acceptable to all parties. This announcement was made by the Ministry of Finance (MoF) on Wednesday, 10 December 2025. Estonia says that the OECD’s...
The Australian Taxation Office (ATO) has opened a public consultation regarding the revised guidance on mining and petroleum exploration expenditures and farm-out arrangements on 10 December 2025. ATO has released updates to three guidance products relating to mining and petroleum exploration expenditure and farm-out arrangements. The ATO also published a decision impact statement on Commissioner...
The Zambia Revenue Authority (ZRA) has issued a Public Notice to inform taxpayers about the availability of the Voluntary Disclosure Programme (VDP) on 12 December 2025, offering relief from penalties and interest on amounts voluntarily disclosed. The VDP provides taxpayers with an opportunity to regularise their tax affairs by declaring: Errors or omissions in previously...
The Inland Revenue Department (IRD) has announced, on 12 December 2025, that the effective date for the new VAT Tax Invoice format has been postponed. Following requests from numerous VAT registered persons, the Commissioner General of Inland Revenue has revised the implementation date to 1 April 2026. The change applies to all registered persons required...