Finland: Parliament enacts amendments to Pillar 2 rules to incorporate OECD, G20 guidance on advanced rulings

16 March, 2026

Finland's parliament has passed two amendments to its minimum tax law for large corporations, bringing its rules in line with the latest OECD and G20 global standards โ€” and racing...

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Australia: ATO issues final guidance on mining, petroleum exploration deductions

16 March, 2026

Australia's tax authority has finalised its long-awaited guidance on deductions for mining and petroleum exploration expenditure, clarifying what qualifies as "exploration or prospecting" under the country's income tax rules โ€” with the updated ruling applying both retrospectively and going forward.

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Romania includes investment attraction programmes in 2026 budget

16 March, 2026

Romania's Ministry of Finance has unveiled its 2026 consolidated budget, rolling out the country's first structured investment attraction programmes and a sweeping overhaul of how income tax and VAT receipts are distributed to local communities.

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South Africa: SARS opens eFiling global minimum tax registration

16 March, 2026

SARS has launched Global Minimum Tax (GMT) registration on its eFiling platform, allowing multinational enterprises to comply with the Global Antiโ€‘Base Erosion (GloBE) framework from 16 March 2026.

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US moves forward with USD 166 billion refund for IEEPA tariffs

16 March, 2026

Customs and Border Protection developed an online system to process claims after Supreme Court rules Trump-era global tariffs unlawful.

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US launches trade investigations against 60 largest trading partners over forced labour practices

16 March, 2026

The United States Trade Representative has initiated Section 301 investigations into 60 major trading partners on 12 March 2026, examining whether their failure to ban forced labour goods creates unfair competitive advantages that harm American workers and businesses, with public hearings scheduled for 28 April 2026.

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Brazil introduces export tax on crude oil, diesel

16 March, 2026

Provisional Measure No. 1,340 brings significant changes to Brazil's export taxation system, imposing rates of 12% on crude oil and 50% on diesel fuel, with new automated payment processes through the DU-E platform effective 12 March 2026.

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UK: HMRC consults expansion of Uncertain Tax Treatment (UTT) regime

16 March, 2026

HM Revenue & Customs (HMRC) has opened a consultation on proposals to extend and enhance the Uncertain Tax Treatment (UTT) regime, aiming to capture more legal interpretation uncertainties and reduce the tax gap. Feedback is invited until 4 June 2026.

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Belgium: Parliament enacts DAC8 crypto-asset reporting obligations

16 March, 2026

The law implements Council Directive (EU) 2023/2226, introducing reporting and due diligence obligations for crypto-asset service providers, effective 1 January 2026.

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Canada cuts PIT, lifts first-time home buyer GST, removes federal fuel charge

16 March, 2026

The Making Life More Affordable for Canadians Act (Bill Cโ€‘4) received royal assent on 12 March 2026, introducing measures that lower the middle-class tax rate, provide GST relief for first-time home buyers, and permanently eliminate the federal consumer fuel chargeโ€”helping Canadians save hundreds to thousands of dollars each year.

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