Bangladesh: Interim Government announces 2025-26 national budget
The government’s growth forecast of 5.5% falls below the IMF’s estimate, signalling a shift away from chasing ambitious GDP targets and mega projects. The budget is set at BDT 7,90,000 crore, with a revenue budget of BDT 5,74,000 crore. Bangladesh’s interim government advisory council
Read MoreTaiwan clarifies transfer pricing report rules for Tax Year 2024
Taiwan’s Ministry of Finance has outlined documentation requirements for 2024 controlled transactions, allowing certain enterprises to submit alternative evidence instead of a full transfer pricing report. Taiwan’s Ministry of Finance has
Read MoreBolivia further extends corporate tax filing deadline
The corporate income tax filing deadline has been extended to 20 June 2025. Bolivia’s tax authorities (SIN) issued Resolution No. 102500000024 on 27 May 2025, announcing that the corporate income tax (IUE) filing deadline for the fiscal year
Read MoreGermany deposits notifications for MLI entry into force with Czech Republic and Japan
Germany has confirmed completion of its internal procedures for the MLI, enabling its application to tax treaties with the Czech Republic and Japan from 1 January 2026. Germany has deposited its notifications confirming the completion of internal
Read MoreUS: Trump to double steel and aluminium tariffs to 50%
President Trump announced plans to double tariffs on imported steel and aluminum to 50% on 30 May 2025. US President Donald Trump announced on 30 May 2025 that his administration plans to raise tariffs on imported steel and aluminium from 25%
Read MoreUAE clarifies VAT obligations on imported services
The UAE’s FTA has clarified the VAT treatment of imported services in Public Clarification VATP044, confirming that taxable persons must account for output tax on such services and may recover input tax if conditions are met. The UAE Federal
Read MoreAmCham EU urges resolution on Pillar 2 implementation and coordination with the US tax system
AmCham EU urged EU Commissioner Wopke Hoekstra to resolve discussions on Pillar 2 and its alignment with the US tax system in a position paper on 23 May 2025. The American Chamber of Commerce (AmCham) EU released a position paper on 23 May 2025
Read MoreHong Kong issues ruling on corporate treasury centres eligibility for profit tax concessions
The Hong Kong Inland Revenue Department (IRD) issued an advance ruling about an applicant's eligibility for the 8.25% concessionary tax rate for qualifying corporate treasury centres, which has been available since 1 April 2016. The Hong Kong
Read MoreSingapore: IRAS updates GST concession guide for Singapore-listed REITs and business trusts
The Inland Revenue Authority of Singapore has updated its e-Tax Guide to clarify GST concession procedures for listed REITs and Business Trusts, confirming that separate claims statements are no longer required unless requested and extending the
Read MoreCorporate Tax
-
Hong Kong issues ruling on corporate treasury centres eligibility for profit tax concessions
02 June, 2025
The Hong Kong Inland Revenue Department (IRD) issued an advance ruling
Read More -
Ireland updates tax registration guidelines for corporation tax, income tax, and other taxes
02 June, 2025
Irish Revenue updates registration guidelines for income tax, corporation
Read More -
Bangladesh: Interim Government announces 2025-26 national budget
02 June, 2025
The government’s growth forecast of 5.5% falls below the IMF’s
Read More -
Bolivia further extends corporate tax filing deadline
02 June, 2025
The corporate income tax filing deadline has been extended to 20 June
Read More -
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
Transfer Pricing
-
Germany deposits notifications for MLI entry into force with Czech Republic and Japan
02 June, 2025
Germany has confirmed completion of its internal procedures for the MLI, enabling its application to tax treaties with the Czech Republic and Japan from 1 January 2026. Germany has deposited its notifications confirming the completion of internal procedures for the
Read More -
Taiwan clarifies transfer pricing report rules for Tax Year 2024
02 June, 2025
Taiwan’s Ministry of Finance has outlined documentation requirements for 2024 controlled transactions, allowing certain enterprises to submit alternative evidence instead of a full transfer pricing report. Taiwan’s Ministry of Finance has released a notice on 23 May 2025
Read More -
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 announced on 28 May 2025 an extension of the 2024 transfer pricing declaration deadline for the 2024 financial year. Algeria’s tax authorities have previously extended the 2024
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
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 MoreBangladesh to raise cigarette prices with higher taxes in budget for 2024-25 fiscal year
Cigarette prices are set to go up following an increase in supplementary duty and value-added tax (VAT) announced in Bangladesh’s national
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