Country

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.

A simpler path to digital tax? The UN Taxation of Services Model gets a major update today, offering developing nations a bold alternative to OECD rules.

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.

The EU has set the stage for a major VAT shift. The finalized EU ViDA Platform Rules require digital platforms to act as tax collectors starting in 2027.

International digital platforms get more time to prepare. Sri Lanka has officially moved the Sri Lanka Digital VAT start date to July 1, 2026.

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

Workplace enforcement just got a massive upgrade. The UK Fair Work Agency Launch introduces a central regulator with the power to audit payroll without complaints.

Transparency comes to the digital marketplace. The OECD just expanded the OECD Digital Platform Exchange framework, adding new jurisdictions to track seller income globally.