ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø 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).
- United States: The IRS LB&I division issued a memorandum reissuing interim guidance for its employees on handling taxpayer requests for advance pricing agreements (APAs), detailing the review process for APA prefiling memoranda and requests, including renewals, before acceptance into the APMA program. This guidance will be integrated into the IRS Internal Revenue Manual by October 22, 2025. Read TaxNewsFlash
- Netherlands: The 2025 Spring Memorandum outlines updates to the government's budget and introduces various tax measures, including maintaining the VAT rate at 9% for the culture, media, and sports sectors; limited inflation adjustments for personal income and payroll taxes; changes to Box 3; and several other tax-related adjustments such as reductions in energy tax for households and modifications to gift and inheritance tax policies. Additionally, the memorandum addresses specific tax arrangements and proposes a one-off increase in rent allowance in 2026. Read TaxNewsFlash
- South Africa: The proposed increase in the value added tax (VAT) rate, initially set to take effect on May 1, 2025, will be withdrawn. Instead, the National Treasury will introduce a revised Rates and Monetary Amounts and Amendment of Revenue Laws Bill to maintain the current 15% VAT rate, with updated draft bills expected in the coming weeks to outline adjustments to expenditure. Read TaxNewsFlash