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Europe
- Czech Republic: Extension of deadlines for first-time filing of Pillar Two information and tax returns – click here;
- United Kingdom: His Majesty;s Revenue and Customs (HMRC) publishes Pillar Two guidance manual – click here;
- Luxembourg: Pillar Two law update and implementation of automatic exchange of GloBE Information Return (GIR) – click here;
- Poland: Ministry of Finance (MoF) consults on draft DAC8, DAC9 implementation bill – click here;
- Switzerland: Switzerland adds Tunisia to country-by-country (CbC) report exchange list – click here;
- Germany: Federal Ministry of Finance (MoF) releases draft law to amend Minimum Tax Act, aligns with the latest OECD Pillar Two GloBE guidelines – click here;
- France: Tax authority issues guidance on 2025 temporary corporate income tax (CIT) surcharge for large companies – click here;
- Italy: Revenue Agency approves notification form for companies opting out of global information return (GIR) submission under the global minimum tax – click here;
- Ireland: Revenue updates tax and duty manual for 2024 corporation tax returns – click here;
Global
- Global tax highlights portal launched – click here;
- Malaysia: Malaysia updates transfer pricing guidelines for 2025 – click here;
- Korea: 2025 tax reform proposal, including introduction of domestic minimum top-up tax – click here;
- United States: IRS Advance Price Agreement (APA) statistics highlight key country-specific trends – click here;
- Australia: Consultation on draft guideline on review of cross-border software arrangements – click here;
- UAE: The UAE Federal Tax Authority (FTA) publishes corporate tax payment user manual – click here;
Romania
- Adrian Luca: The new "affiliate tax" proposal vs. economic reality. Or how we're turning Romania into a no-go zone for investors (RO) – click here;
- Accounting reporting for June 30: NAFA has mandated new regulations and sanctions of up to RON 4,500 (RO) – click here;
- Minimum share capital required for a limited liability company set at RON 8,000. Companies will have two years to comply. New limited liability companies established after January 1, 2026, must apply the rule immediately (RO) – click here;
- NAFA has is placed under the direct coordination of the Ministry of Finance (RO) – click here;
- Starting on 2026, the deductibility of expenses incurred with related parties for corporate taxpayers will be capped at 3%. Any expenses above this level will be considered non-deductible (RO) – click here;
- The Minister of Finance has requested that NAFA verify large companies that are postponing the payment of their tax obligations, posing the question: Who has offered protection to these market players at the very top? (RO) – click here;
- NAFA publishes form for declaring, paying the top-up tax (RO) – click here;
- RBL Entrepreneurs: Abandoning the flat tax would be a mistake with devastating consequences. Romania can no longer afford fiscal experiments (RO) – click here;
- Thousands of companies in Romania have been declared fiscally inactive by NAFA, “even though they are up to date with all payments to the state” (RO) – click here;
TP Cases
- Australia: High Court decides in favour of PepsiCo – click here;
- India: India vs Sony India Pvt. Ltd., August 2025, Income Tax Appellate Tribunal, Case ITA No.9080/Del/2019, ITA No.1688/Del/2022, and ITA No.2052/Del/2022 – click here.
