US: IRS reports decline in advance pricing agreements executions amid staffing challenges

The Indian government has cut excise duty on petrol and diesel to shield consumers from rising oil prices amid the Middle East crisis. A windfall tax has been imposed on diesel and aviation turbine fuel exports to secure domestic supply.

Cambodia has reduced the VAT on gasoline and diesel, with the state covering the difference, as part of measures to ease the impact of rising global oil prices. The reduction applies to domestic supply and imports until further notice.

Lithuania's State Tax Inspectorate has published draft amendments to crypto-asset reporting rules, implementing DAC8. The proposals update key definitions, clarify reporting and registration requirements, and set out submission procedures for data on reportable crypto-asset users.

Germany’s Ministry of Finance has released a draft bill to ratify the 2024 Addendum to the CRS MCAA, expanding automatic exchange of financial account information to cover new products, intermediaries, and digital assets, with the first reporting scheduled for September 2027.

Irish Revenue's eBrief No. 065/26 updates its guidance on outbound payments defensive measures, adding new provisions on the association test for Irish partnerships, clarifying that US Net CFC Tested Income tax qualifies as equivalent to a CFC charge, and expanding examples covering associated entities, investment limited partnerships, and tax-transparent fund structures.

Australia will halve fuel excise rates and eliminate heavy vehicle road charges for three months from 1 April 2026, delivering AUD 19 savings per tank as the government responds to fuel price pressures triggered by conflict in the Middle East.