Expanding Tax Information Exchange
- Bermuda updates the CRS jurisdictions list including Costa Rica and several others to widen offshore transparency.
- Maldives lifts suspension of secondary local CbC reporting requirements indicating commitment.
- Ireland publishes industry feedback on proposed participation exemption to boost foreign investment.
Revisions in Individual Income Taxation
- Jamaica plans to increase the personal income tax exemption threshold to boost compliance.
- Uruguay increases the monthly individual income threshold for simplified tax regime eligibility.
- Italy explains changes in personal income tax brackets, corporate equity deduction phase out.
Focus on Supporting Housing/Infrastructure
- EU concludes Denmark’s reduced tax treatment for financing Öresund bridge violated State aid rules.
Monitoring Business Reporting
- Malaysia updates guidelines on upcoming e-invoicing requirements and releases Software Development Kit.
- Pakistan mandates FMCG sector transmit sales invoices electronically to improve compliance.
Increase in Tax Incentives
- Belarus introduces reduced tax rates to promote business activities in rural areas and small towns.
- Venezuela continues tax breaks on hydrocarbon fuel imports aiming to benefit less developed areas.
