Direct Tax
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Tax Transparency in Latin America: A 2024 Breakthrough Against Evasion and Illicit Flows
How Regional Cooperation and Exchange of Information (EOI) are Driving…
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Key Priorities of the European Commission in Taxation
Focus on Green Transition, Addressing the VAT gap, and Commitment…
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India Unveils Union Budget 2025 with Tax Reforms reinforcing ambition to become a global investment and financial hub
New Income Tax Bill on the horizon, push for certainty…
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Prominent US Lawmakers Back Automated Tax Filings Saving $11 Billion Annually and Disrupting Tax Preparation Industry
US Lawmakers Advocate for Expansion of IRS Direct File Program…
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Egypt’s New Tax Incentive Law: A Catalyst for SME Growth and Economic Prosperity
A Bold Move Towards a More Dynamic Business Landscape
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European Union: FASTER Directive Published in the EU Official Journal
Digital Tax Certificates, Fast-Track Refund Systems, and New Financial Intermediary…
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Egypt 2025: Launching the Strategic Committee for Digital Economy and Entrepreneurship
A Pivotal Step Towards Enhancing Innovation and Economic Growth in…
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European Union: Council Adopts New Withholding Tax Procedures via FASTER Directive
New rules take effect from January 1, 2030: Introducing Digital…
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UAE Implements Domestic Minimum Top Up Tax
Ministry of Finance Announces Updates to Corporate Tax Law Affecting…
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OECD Tax Revenue Trends and Insights for 2023
Recent OECD reports show average tax-to-GDP ratio among OECD countries…
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European Commission Refers Germany to Court of Justice Over Discriminatory Tax Treatment
November Infringement Package contains discriminatory tax practices related to reinvested…
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UK Companies to Receive £700 Million Windfall After European Court of Justice Reverses Tax Ruling
Repayment obligation on the UK government at a time of…
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Navigating the ESG Landscape: Transfer Pricing in a Sustainable World
Exploring how ESG principles are reshaping business practices and financial…
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Australia: Insights on Tax Settlements and Compliance in 2023–24 for Public and Multinational Businesses
Litigation resulted in favorable outcome for ATO in 53% of…
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UAE Releases 176 pages Corporate Tax Guide
A structured guide to completing and submitting Corporate Tax Returns,…
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Direct Tax | E-Invoicing and E-Reporting | Indirect Tax | Latest News | Tax Policy | Transfer PricingDeep Dive into Tax Measures from UK´s Autumn 2024 Budget
Alongside the many announced changes, key highlights include efforts to…
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EU Court Confirms Legality of Dutch Law Limiting Interest Deduction on Intra-Group Loans
Judgment of the Court of Justice of the European Union…
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Corporate Income Tax | Direct Tax | European Court of Justice | European Union | Latest News | Tax PolicyUK Wins EU Dispute on CFC Rules at the Court of Justice
EU’s Legal Setback and Britain’s Win Reinforce Sovereignty Over Tax…
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European Commission Takes Legal Action on Taxation Matters Across Member States
October Infringements Package on Taxation and Customs Union: Hungary, Malta,…
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OECD publishes Analysis of Tax Reforms implemented or announced in 2023 across 90 jurisdictions
Tax Policy Reforms 2024: OECD and Selected Partner Economies
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Ireland’s Budget 2025
Spending, Revealing Largest social protection package in Ireland´s history
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US International Tax Policy Update: Harris Supports Biden Reforms while Trump Proposes Tariff Changes
Democrats are drafting legislation in case Harris wins, Trump proclaims…
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UAE Extends Deadline for Filing Corporate Tax Returns and Settling Corporate Tax Payable for Certain Taxpayers
December 31, 2024 is the new deadline for such tax…
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Slovakia: Draft Tax Measures for 2024
Multiple Tax changes expected under the Government of Robert Fico
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The Netherlands: Budget Day 2025 and Tax Changes Announced
How the Dutch Cabinet’s 2025 Budget Affects Taxpayers
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Colombian 2024 Tax Reform Bill Submitted to Congress
Impact on Corporate and Capital Gains Rates
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US IRS: September 16 Deadline for Third-Quarter Estimated Tax Payments
Millions of taxpayers across the U.S. are reminded to make…
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Apple Case: Ireland´s reaction to getting 13 bln EUR richer
Transferring the assets in the Escrow Fund to Ireland will…
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Egypt Introduces Tax Reforms to Attract Investment and Boost Economic Growth
Launching the first package of Tax Incentives
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US: IRS Recovers $172 Million from 21,000 Non-Filing Wealthy Taxpayers in First Six Months of New Initiative
This initiative marks a turning point in IRS enforcement, as…
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US Presidential Debate Transcript on Tax and Tariffs
Trump and Harris in their own words at the US…
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European Union: ECJ rules Ireland to recover 13 bln EUR granted to Apple!
Overturns General Court Decision on Apple’s Tax Rulings in Ireland
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Apple Tax Case: A Look Back at the Decade of Dispute
as ECJ Gives Final Judgement in the Matter
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Argentina’s Implementation of the Large-Investment Regime Bill
Decree 749/2024 Aims at Attracting Investors
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South Africa: Highlights from the 2024 Draft Taxation Laws and Draft Tax Administration Laws Amendment Bills
Available for Public Comment
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Bahrain Introduces Domestic Minimum Top-up Tax for Multinational Enterprises
The first member of the Gulf Cooperation Council (GCC) to…
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Brazil: Key Tax and Regulatory Changes Announced
Multiple Tax developments in Brazil by the end of August:
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UK Prime Minister Keir Starmer Unveils Plans to “Fix the UK’s Foundations”
Starmer’s ambitious plan targets UK’s fiscal challenges, hinting at tough…
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Harris and Trump: A Comparison of Economic Policy Proposals for the 2024 Election
Economic agendas of candidates for the next US President cannot…
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Kamala Harris Plans Increase of Corporate Tax Rate to 28%
Unveiled during the Democratic National Convention in Chicago
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UAE FTA Releases Comprehensive User Manuals for UAE Taxpayers
Released and updated to help taxpayers navigate the implementation of…
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UN Tax Framework Convention: the final text of the Terms of Reference (TOR) adopted with notable votes against or abstention
A path to a universally accepted and effective international tax…
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Finland Aims to Boost Revenue with Sweeping Tax Changes in 2025 Budget Proposal
Ministry of Finance proposes VAT hikes, small business relief, and…
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Controversy Surrounds Biden’s Billionaire Tax Rate Assertion
President’s 8.2% tax rate claim for billionaires sparks debate among…
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European Union: Draft Regulation on Corporate Income Tax Reporting establishes Common Template and Electronic Formats
New regulation aims to enhance tax transparency and comparability across…
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European Court of Justice: Upholding the EU Directive on Tax Reporting Obligations
CJEU upholds EU directive on tax reporting for cross-border arrangements.…
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UAE Publishes Guide on Determination of Taxable Income for Corporate Income Tax
107-page document clarifying key concepts under UAE Corporate Tax Law.…
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European Union: Evaluation of the Anti-Tax Avoidance Directive In Progress
Have Your Say on the Directive aimed to fight aggressive…
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UK HMRC Performance Highlights: collected £843.4 billion in total tax revenues
HMRC published annual report 2023 to 2024: protected £41.8 billion…
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HM Treasury Update: Key Tax Reforms Announced Ahead of Budget under Labor
VAT on Private Schools, OECD Pillar 2 Implementation, Increasing HMRC…
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HM Treasury Update: Key Tax Reforms Announced Ahead of Budget under Labor
VAT on Private Schools, OECD Pillar 2 Implementation, Increasing HMRC…
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India: Lower Rates for Foreign Companies, IFSC Concessions, and New Penalties
Union Budget 2024-25 on International Tax
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India’s Digital Shift: Withdrawal of the E-commerce Levy
Union Budget 2024- 2025
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US: Anticipated Tax Plan Under Trump
Intentions for a Potential Second Term
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Constitutional Court Rules Mandatory Disclosure Rules (MDR) Unconstitutional
What a month for Mandatory Disclosure Rules (MDR) in Poland!
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India: Union Budget 2024-2025
FM presents 2024-25 Budget: GST expansion, customs review, Income Tax…
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Poland: First Ruling on Mandatory Disclosure Rules (MDR)
First MDR interpretation issued after 5-year wait. Director of National…
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Revised Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation
Priorities include Taxation of the digitalized and globalized economy; income…
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United States Announces Suspension of 1992 Tax Convention with Russia
Mutual agreement on Suspension
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UK Under Labor Government: Expected Renewed Focus on Large Business and Wealthy Individuals
A Review of Labour Party’s Manifesto on Taxation
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The End of the Chevron Doctrine: US Supreme Court’s Loper Bright Decision
Courts will now employ traditional statutory construction tools to interpret…
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US Treasury and IRS Issue Final Regulations on Excise Tax for Stock Repurchases
Guidance for complying with the new excise tax on stock…
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Argentina: President Javier Milei Reconfirms Commitment to Tax Reform and Opening up to International Trade
Signature of Historic May Pact, symbolic declaration, centered around Tax.
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Australia: PepsiCo’s Royalty Withholding and Diverted Profits Tax Decision Overturned
Full Federal Court Reverses Federal Court Decision on Embedded Royalty.
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Italy: New Rules on Administrative and Criminal Tax Sanctions
Changes Affect Penalties Regarding Income Tax, VAT, and Withholding Tax…
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US: Supreme Court Affirms Constitutionality of Mandatory Repatriation Tax in Moore v. United States
Congress has the authority to attribute an entity’s realized and…
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UK: HMRC publishes Tax Gap Analysis for 2022- 2023
Tax Gap Estimated at 39,8 billion GBP for one year
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Bulgaria: Implementing SAF-T Reporting: Expected Scope, Requirements, SAF-T Format Published
Expected Scope, Requirements, and SAF-T format documentation in English are…
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European Union: Evaluation of Administrative Cooperation in Direct Taxation: Public Consultation and Call for Evidence
Open for feedback until 30 July 2024
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Australia: Public Country-by-Country Reporting Legislation Introduced to the Parliament
If approved, public CbC reporting will be effective for reporting…
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UK: Rishi Sunak´s led UK Conservative Party´s 2024 Manifesto is All About Reducing Taxes
Promises to Lower taxes and calling to vote for Tories…
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Belgium: Practicalities on Notification Requirement for In-Scope Groups Under Belgian Pillar Two Rules
Registration to obtain number from the Belgian Trade Register
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Belgium: Pillar Two Mandatory Notification for MNEs and Large Domestic Groups
On May 21, 2024, the Belgian tax administration released new…
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European Union: ViDA and Withholding Taxes Take a Central Stage in the Upcoming ECOFIN Meeting Agenda
ECOFIN Council Meeting of May 14, 2024 has 2 Tax…
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UAE CIT Registration: When to Register
CIT Registration Dates are fast approaching
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OECD/G20 Inclusive Framework on BEPS released the report on Amount B of Pillar One
A simplified approach to applying the arm’s length principle to…
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Saudi Arabia Guidelines for Regional Headquarters Tax and Zakat Rules
Saudi Arabia unveiled a 30-year tax incentive for multinational companies…
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Philippines´ Issue Guidelines in the filing of Annual Income Tax Return (AITR) for Calendar Year (CY) 2023
Details on Return filing and payments
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Enhancing Tax Transparency: Australia’s New Requirements for Disclosure of Subsidiaries in Financial Reports
Aiming at greater transparency and accountability in corporate tax matters
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UAE authorities release Qualifying Group Relief Corporate Tax Guide
The purpose of Guide CTGQGR1 is to offer comprehensive guidance…
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Canada´s Budget for 2024 Exclaims Tax Fairness
“The government is asking the wealthiest Canadians to pay their…
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The US Internal Revenue Service (IRS) has concluded the 2024 tax filing season
Delivers Strong 2024 Tax Filing Season; Expands Services for Millions
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Oman Automatic Exchange of Information (AEOI) System Update
Automatic Exchange of Information (AEOI) system is now available for…
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Indian Court’s Ruling on Profit Attribution for Singapore Company’s Indian Operations
No further profit attribution if an associated enterprise is remunerated…
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Polish Government Adopts DAC7 Bill to Enhance Tax Transparency
The enactment of this act is anticipated to greatly improve…
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Australia: Changes to Thin Capitalization Rules Finally Pass Both Houses of Parliament
Making Multinationals Pay Their Fair Share—Integrity and Transparency Bill 2023…