Australia: Northern Territory presents tax measures for 2025 budget
Australia’s Northern Territory (NT) newly elected Country Liberal Party has presented its 2025-26 budget for the province on 13 May 2025. Chief Minister Lia Finocchiaro and Treasurer Bill Yan have emphasised key priorities in the budget, including tackling crime and bolstering funding for
Read MoreArgentina postpones tax hike on liquid fuel, carbon dioxide
Argentina’s government has postponed the scheduled tax increases on liquid fuels and carbon dioxide through Decree 296/2025, which was published in the Official Gazette on 30 April 2025. This decree delays the hiked tax rates until 1 June
Read MoreEstonia considers raising personal and corporate income tax rates, scrapping temporary security tax
The Estonian government presented a draft bill ( 25-0475 ) to the parliament proposing permanent tax increases to replace the temporary 2% security tax on 9 May 2025. The draft bill, which amends relevant Acts, removes the planned 2% security tax
Read MoreItaly: Council of Ministers approves draft decree on local taxes and fiscal federalism
Italy’s Council of Ministers has approved a draft Legislative Decree on 9 May 2025, introducing measures on local taxes and regional fiscal federalism as part of a tax reform. The Decree introduces greater fiscal autonomy for territorial
Read MoreBrazil delists UAE and Austrian holding regime from low-tax jurisdiction and privileged tax regime
Brazil’s Federal Revenue Service (RFB) has published the Normative Instruction No. 2,265/2025 in the Official Gazette on 13 May 2025, in which it removed the UAE from the list of low-tax jurisdictions and the Austrian holding company regime (for
Read MoreCzech Republic and Oman initiate tax treaty negotiations
The Czech Republic and Oman are set to begin a fresh round of negotiations for a new tax treaty, scheduled to take place in Prague from 19 -22 May 2025. The treaty was initially agreed upon in principle on 5 December 2012, following a second
Read MoreCzech Republic and Tanzania sign income tax treaty
The Czech Republic Ministry of Finance announced the signing of an income tax treaty with Tanzania on 14 May 2025. This is the first treaty between the two countries and aims to eliminate double taxation concerning taxes on income and prevent tax
Read MoreAustralia: Victoria proposes extension of off-the-plan stamp duty concession
Australia’s Victorian government announced on 14 May 2025 that it will extend its stamp duty concession for eligible “off-the-plan” homes for another 12 months. The Victorian Budget 2025-26 will invest AUD 61 million to slash stamp duty for
Read MoreEU council approves draft directive holding foreign traders and platforms liable for import VAT
The EU Economic and Financial Affairs Council (ECOFIN) agreed on a draft directive on 13 May 2025, introducing new VAT rules for distance sales of imported goods and import VAT. The new rules seek to improve the VAT collection on imported goods
Read MoreCorporate Tax
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Italy: Council of Ministers approves draft decree on local taxes and fiscal federalism
15 May, 2025
Italy’s Council of Ministers has approved a draft Legislative Decree on
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Brazil delists UAE and Austrian holding regime from low-tax jurisdiction and privileged tax regime
15 May, 2025
Brazil’s Federal Revenue Service (RFB) has published the Normative
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US: House Ways and Means Committee releases tax provision summary for budget reconciliation, amends earlier recommendations
14 May, 2025
The US House Ways and Means Committee released a Description of Tax
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Estonia considers raising personal and corporate income tax rates, scrapping temporary security tax
14 May, 2025
The Estonian government presented a draft bill ( 25-0475 ) to the
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Ireland: Revenue updates Pillar Two tax guidelines in eBrief 098/2025
13 May, 2025
Irish Revenue issued eBrief 098/2025 on 8 May 2025, updating its Tax and
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Bangladesh to raise mandatory minimum corporate turnover tax
13 May, 2025
The Bangladeshi government is preparing to raise the minimum tax on
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US: IRS announces unchanged interest rates, tax underpayments and overpayments for Q3 2025
13 May, 2025
The US Internal Revenue Service (IRS) released IR-2025-59, on 12 May
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Bolivia further extends mandatory e-filing deadline
13 May, 2025
Bolivia’s tax authorities (SIN), on 2 May 2025, issued Resolution No.
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Australia: ATO highlights unusual deductions and 2025 compliance priorities
12 May, 2025
The Australian Taxation Office (ATO) has unveiled “wild” tax deduction
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Singapore: IRAS issues corporate tax filing guidance for YA 2025
12 May, 2025
The Inland Revenue Authority of Singapore (IRAS) has issued new guidance
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Transfer Pricing
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Italy updates reportable and participating jurisdictions under CRS
12 May, 2025
Italy’s Ministry of Economy and Finance has issued a decree updating the list of jurisdictions considered reportable and participating under the Common Reporting Standard (CRS). The updated list, released in the Official Journal on 6 May 2025, includes Armenia, Moldova,
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Argentina: Senate ratifies BEPS MLI
09 May, 2025
Argentina's Senate approved the law to ratify the Multilateral Convention on Tax Treaty Measures to Prevent Base Erosion and Profit Shifting (MLI) on 7 May 2025. The Chamber of Deputies approved it in October 2024. Once the internal ratification process is finalised,
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Austria updates CRS reporting jurisdictions list
08 May, 2025
Austria has released an updated Ordinance, effective from 1 May 2025, with new lists of participating and reportable jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard (CRS), adding Armenia, Belize, Georgia, Moldova, and
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Greece updates CbC report exchange list for 2023 under MCAA
07 May, 2025
Greece published Decision No. A 1056 in the Official Gazette on 30 April 2025, updating the list of jurisdictions participating in the exchange of country-by-country (CbC) reports under the Multilateral Competent Authority Agreement (MCAA) for the 2023 reporting
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Kazakhstan updates CbC notification form, mandates e-filing
07 May, 2025
Kazakhstan has revised the MNE group participation notification or country-by-country (CbC) notification form through Order No. 84 of 24 February 2025. The Order No. 84 amends Order No. 178 of 14 February 2018, which includes adjustments to the form and requires electronic
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EU publishes DAC9 directive for top-up tax information return
07 May, 2025
The EU has published the Council Directive (EU) 2025/872 of 14 April 2025 amending Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC9) in the Official Journal of the European Union on 6 May 2025. The directive (DAC9) will extend cooperation and
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Lithuania tightens DAC7 rules for platform operators and cross-border data exchange
06 May, 2025
Lithuania’s State Tax Inspectorate has amended Order No. VA-95 to align with the EU’s DAC7 Directive on 23 April 2035. From 24 April 2025, all platform operators—including those represented by another operator—must file an annual XML report via the TIES portal. The
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Ukraine: Government approves draft law on international exchange of information for income earned via digital platforms
06 May, 2025
The Ukrainian government approved a draft law introducing new rules for reporting and exchanging information on income earned through digital platforms on 29 April 2025. The proposed measures align with the OECD Model Rules and the EU’s DAC7 Directive, and information
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Belgium unveils tax reforms, includes tighter exemptions, broader exit tax
05 May, 2025
The Belgian government has presented an overview of its tax reforms to the parliament on 24 April 2025. This follows after Belgium’s five political parties agreed on a coalition government program on 31 January 2025, outlining various tax reforms. The key tax measures
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Finland consults on interest deduction limit rule changes for key infrastructure project lenders
02 May, 2025
Finland’s Ministry of Finance has initiated a public consultation on 9 April 2025, on a draft proposal to Parliament to amend the regulation on the interest deduction limit. The proposal seeks to amend the interest deduction limitation provision in the Business Income Tax
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Most Read
Ireland: Revenue extends pay & file deadline for certain self-assessment taxpayers
Ireland Revenue has announced an extension to the Pay & File deadline for certain self-assessment Income Tax and Capital Acquisitions Tax (CAT)
Read MoreUK: HMRC publishes report on R&D tax reliefs, expenditure credit, patent box
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has released a report, which was commissioned to BMG, on regional data on Corporate
Read MoreOECD: Tax incentives lead R&D support in most countries
The OECD has issued a statistical release on 22 April 2025, highlighting that tax incentives continue to outpace other forms of government support
Read MoreCameroon: Senate approves tax treaty with China
Cameroon’s Senate has approved the ratification of the income tax treaty with China on 8 April 2025. Signed on 17 October 2023, this treaty is the
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