US: Court of International Trade rules Trump tariffs unconstitutional, Court of Appeals issues administrative stay while it reviews appeal
Court of International Trade cited Congress's exclusive authority over taxes and commerce on 28 May 2025. On 29 May 2025, the US Court of Appeals for the Federal Circuit issued an administrative stay while it reviews an appeal from the Trump Administration. The United States Court of
Read MoreAustralia: ATO consults thin capitalization compliance guide
The ATO is seeking public feedback on a draft guidance to limit interest payment deductions on multinational debt. Comments are due by 30 June 2025. The Australian Taxation Office (ATO) has opened a public consultation regarding a draft guidance
Read MoreAlgeria extends 2024 transfer pricing filing deadline
The deadline has been further extended to 5 June 2025. Algeria's Directorate General of Taxes has announced an extension of the 2024 transfer pricing declaration deadline to 28 May 2025. Earlier, Algeria’s tax authorities extended the 2024
Read MoreQatar approves tax exemption on capital gains from group restructuring
Qatar has approved a tax exemption on capital gains from group restructurings, aiming to boost investment, support business growth, and enhance economic competitiveness. Qatar’s General Tax Authority announced its support for the Cabinet’s
Read MoreGermany plans 10% tax on digital services from tech giants
Germany is drafting legislation for a 10% tax on major digital platforms like Google and Facebook. Germany’s Minister of State for Culture, Wolfram Weimer, has announced that the government is preparing draft legislation to introduce a 10%
Read MoreBangladesh to revise tariffs in fy 2025–26 budget ahead of LDC graduation
Bangladesh plans to reform its tariff structure in the FY2025–26 budget, reducing duties on medicines and industrial inputs while increasing them on select raw materials, ahead of its LDC transition in 2026. Bangladesh is preparing a tariff
Read MoreFrance sets interest rate caps for shareholder loan deductions in Q2 2025
The French tax authority has updated the interest rates used to determine the deductibility of interest payments to shareholders for companies with fiscal years ending between 31 March 2025 and 29 June 2025. Interest payments that exceed these
Read MoreBrazil, Sweden: Amending protocol enters into force
The amendment to the 1975 Brazil-Sweden Income Tax Treaty takes effect on 13 June 2025. The amending protocol to the Brazil-Sweden Income Tax Treaty (1975) will take effect on 13 June 2025. The protocol takes effect on 1 January 2026 for
Read MoreBrazil, China: Amending protocol to tax treaty enters into force
The amendment to the 1991 Brazil-China Income Tax Treaty takes effect on 14 June 2025. The amending protocol to the Brazil-China Income Tax Treaty (1991) will take effect on 14 June 2025. The protocol takes effect on 1 January 2026 for
Read MoreCorporate Tax
-
Qatar approves tax exemption on capital gains from group restructuring
30 May, 2025
Qatar has approved a tax exemption on capital gains from group
Read More -
Singapore: IRAS issues advance ruling on tax treatment of agreement novation
30 May, 2025
IRAS rules that novation of agreements in group restructuring is a
Read More -
Argentina: ARCA raises reporting threshold for financial institutions
30 May, 2025
ARCA has raised reporting thresholds for financial institutions and
Read More -
Australia: ATO consults thin capitalization compliance guide
30 May, 2025
The ATO is seeking public feedback on a draft guidance to limit interest
Read More -
Vietnam introduces tax, financial incentives to promote private growth
29 May, 2025
The National Assembly passed Resolution 198/2025/QH15 on 17 May 2025
Read More -
Ireland updates general corporate tax guidance
29 May, 2025
New guidance modifies startup relief (Section 486C TCA) and introduces
Read More -
EU Council stresses international tax cooperation and anti-evasion efforts in development financing
29 May, 2025
The EU Council released its conclusions and a press release on 26 May
Read More -
Poland: Council of Ministers approve deregulatory corporate tax amendments
29 May, 2025
The bill takes effect on 1 January 2026. Poland’s Council of
Read More -
Hong Kong: Government approves global minimum tax bill
29 May, 2025
The bill introduces a 15% global minimum tax for multinational enterprise
Read More -
Thailand: BOI updates incentives for SMEs, data centres, tourism
29 May, 2025
Thailand's Board of Investment (BOI) announced the new tax exemptions on
Read More
Transfer Pricing
-
France sets interest rate caps for shareholder loan deductions in Q2 2025
30 May, 2025
The French tax authority has updated the interest rates used to determine the deductibility of interest payments to shareholders for companies with fiscal years ending between 31 March 2025 and 29 June 2025. Interest payments that exceed these rates are generally not
Read More -
Algeria extends 2024 transfer pricing filing deadline
30 May, 2025
The deadline has been further extended to 5 June 2025. Algeria's Directorate General of Taxes has announced an extension of the 2024 transfer pricing declaration deadline to 28 May 2025. Earlier, Algeria’s tax authorities extended the 2024 transfer pricing declaration
Read More -
Denmark adopts DAC8 crypto-asset reporting rules
29 May, 2025
Denmark enacted Act No. 409 of 29 April 2025, aligning with EU Directive 2023/2226 (DAC8) to introduce new reporting and due diligence requirements for crypto-asset service providers. Denmark has published Act No. 409 of 29 April 2025 in the Official Gazette, implementing
Read More -
Mexico reports higher tax revenue from transfer pricing audits during FY 2019-24
29 May, 2025
SAT announced results from its audit strategies, highlighting increased tax collection from large taxpayers for the periods 2013-2018 and 2019-2024. Mexico’s Tax Administration Service (SAT), in a press release dated 26 May 2025, highlighted the results of its audit
Read More -
Denmark: Supreme Court rules arm’s length pricing need not align with interquartile range
28 May, 2025
The case examined EET Group's taxable income from 2010 to 2012, focusing on revenue from goods sold to seven sales subsidiaries. Denmark’s Supreme Court issued a ruling on the arm's length pricing of transactions between the Danish EET Group and its sales companies in
Read More -
Sweden proposes DAC8 implementation bill for 2026
27 May, 2025
Sweden has proposed a bill to implement the EU's DAC8 directive on tax cooperation, introducing new rules for the automatic exchange of information on crypto-assets and securities. The regulations will take effect on 1 January 2026. The Swedish Government presented a bill to
Read More -
OECD issues updated guidance on common Country-by-Country reporting errors
27 May, 2025
The OECD released an updated document on common errors by multinational enterprises (MNEs) in preparing Country-by-Country (CbC) reports on 22 May 2025. The Organisation for Economic Co-operation and Development (OECD) released an updated document on common errors by
Read More -
US tariffs are reshaping transfer pricing strategies for multinationals
26 May, 2025
The Trump Administration’s latest tariffs are reshaping global trade policies and pushing multinational corporations (MNCs) to revise their transfer pricing policies. US President Donald Trump’s latest tariffs, including a 104% levy on Chinese electric vehicles and a 10%
Read More -
Australia: Administrative Review Tribunal rules in favour of Alcoa against ATO in key transfer pricing ruling
26 May, 2025
This case focused on a major transfer pricing issue, where ATO claimed Alcoa underpriced its alumina sales to Aluminium Bahrain B.S.C. (Alba) from 1993 to 2009, causing a tax shortfall of over AUD 213 million. Australia’s Administrative Review Tribunal ruled in favour of
Read More -
UK proposes tighter transfer pricing rules, replacing diverted profits tax with new UTPP
23 May, 2025
The UK government will tighten transfer pricing rules and replace the diverted profits tax with a new corporation tax charge. The government has announced plans to revise the UK's international tax framework, which involves narrowing the application of transfer pricing rules
Read More
Most Read
US: Alabama opts out of federal R&D tax deduction rules, reduces grocery sales tax
Alabama Governor Kay Ivey signed the bill (HB 163) on 14 May 2025, which decoupled Alabama from the federal Tax Cuts and Jobs Act (TCJA) treatment of
Read MoreNew Zealand announces 2025 budget, introduces tax incentive to boost investment
The budget, announced on 22 May 2025, includes a 20% “investment boost” tax deduction for business assets and changes to KiwiSaver. New
Read MoreBelarus publishes guidance on 2025 tax regulations
The Belarus Ministry of Taxes and Duties released detailed guidance on the upcoming tax reforms for 2025. The key changes include the following: New
Read MorePakistan unveils $68 billion FY 2024-25 budget
Pakistan’s Finance Minister Muhammad Aurangzeb presented the 2024-25 federal budget of PKR 18.87 trillion (USD 68 billion) in the National Assembly
Read More