Corporate Taxes

Brussels is moving to tax the “unforeseen luck” of energy giants. The new EU Energy Windfall Tax 2026 aims to capture foreign profits to fund consumer relief.

A major win for the cloud. The CTA has ruled that Philippines SaaS Withholding Tax on software subscriptions can be reduced to 0% under tax treaties.

IT and Tax have a new common language. The OECD Pillar Two GIR Schema is now official, setting the mandatory XML format for global minimum tax reporting.

The ATO hits back at complex debt. The new Australia Thin Capitalization Guidance (TPA/2026/1) warns multinationals of increased audits on interest deductions.

The 12.5% era is over. Cyprus has officially transitioned to a 15% corporate tax rate and introduced stricter residency tests to align with global standards.

Innovation just got a tax break. The IRS has officially restored immediate Section 174 R&D Expensing for domestic costs, while tightening rules on foreign research.

Japan’s tech-focused tax breaks are now operational. The Japan Strategic Technology Tax Credit offers massive relief for semiconductor and green energy manufacturers.

Financial survival meets digital transparency. Ukraine has reached a consensus on the Ukraine Military Tax Reform, a key requirement for IMF and EU funding.

Trade enforcement hits the medicine cabinet. The Section 232 Pharma Tariffs are now live, introducing a 100% duty on foreign-made APIs to force domestic manufacturing.

The BIR is moving away from automatic domestic taxation. Discover how RMC 024-2026 reshapes the Philippines Cross-Border Tax landscape for global businesses.