Tuesday, March 17, 2026
Peru’s Tax Authority (SUNAT) has amended the gradual reduction of fines for taxpayers who fail to file certain income tax returns through Resolution No. 000355-2025/SUNAT, published in the Official Gazette on 29 November 2025 and effective from 30 November 2025. The updated rules cover late filings of rental income, self-employment income, and other non-business income,...
Croatia’s Parliament approved amendments to the VAT Act concerning e-invoicing. The final version of the amendments was adopted on 5 December 2025. Key legislative actions include extending the reduced 5% VAT rate for specific supplies, such as natural gas and heating, and modifying provisions on input tax deductions and the conversion of amounts to Euros....
Mozambique’s government adopted a draft Value Added Tax (VAT) law during the 41st Session of the Council of Ministers on 2 December 2025. The VAT law is designed to modernise and streamline the electronic submission of invoices and similar documents. The government explained that the reform aims to address inconsistencies in how VAT is currently...
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...