KPMG Week in Tax—published weekly to provide an overview of tax developments as reported in TaxNewsFlash—includes summaries of select tax-related news followed by a full list of reports (more information can be found at the links provided). Highlights include:
- Chile: Updated transfer pricing adjustment guidelines include the use of the interquartile range, provisions for taxpayer self-adjustments, conditions for tax authority reviews of business reorganizations, and guidance on advance pricing agreements (APAs). Read TaxNewsFlash
- EU: The European Commission's 2025 work program includes an "Omnibus simplification package" to reduce reporting burdens for companies and SMEs, a proposal for a "28th legal regime" to streamline operations across the EU, and the finalization of the Anti-Tax Avoidance Directive (ATAD) evaluation by Q4 2025. Additionally, several previous directive proposals remain pending, including DAC 9, BEFIT, Transfer Pricing Directive, DEBRA, "Unshell," digital services tax, significant digital presence proposal, and the financial transaction tax. Read TaxNewsFlash
- Singapore: The 2025 budget proposes various tax measures, including incentives for equity-listed entities, a 50% corporate income tax rebate, enhanced tax exemptions and deductions, and extensions of multiple schemes across sectors such as mergers and acquisitions, insurance, financial, enterprise financing, land intensification, internationalization, and maritime. Read TaxNewsFlash