Turkey reintroduces fuel price stabilisation mechanism, revises SCT

The OECD Global Forum's 2026 Capacity-Building Report reveals that member jurisdictions have identified EUR 135 billion in additional tax revenues since 2009 — with developing countries accounting for 70% of the EUR 4 billion newly identified in 2024 alone — as capacity-building efforts reached record levels, with training delivered to over 20,000 officials across 111 jurisdictions in 2025.

The EU and Canada have launched negotiations for a Digital Trade Agreement that builds on nine years of CETA implementation, aiming to establish binding rules on consumer data protection, paperless trade, and cross-border digital transactions — as digital trade accounts for over 60% of global GDP and the EU remains the world's leading exporter and importer of digitally deliverable services. 

Bolivia's new Supreme Decree 5563 introduces a comprehensive tax reform package designed to stimulate economic growth through reinvestment incentives for foreign companies, accelerated depreciation benefits for businesses, expanded deductions for self-employed professionals, and bad debt relief provisions—all aimed at attracting international capital and supporting domestic enterprises.

Nigeria's Ministry of Finance has signed the Presumptive Tax Regulations framework into effect, introducing a uniform sub-national tax structure that exempts small businesses with annual turnover below NGN 12 million, imposes a 1% levy on eligible informal sector operators, and bans cash collection and roadblock enforcement — in a bid to formalise the informal economy and broaden the country's tax base without increasing rates.

IRAS has updated the list of jurisdictions for automatic CbC report exchanges. Mongolia, Serbia, Vietnam, Montenegro, and Armenia are newly included.

The government’s temporary VAT reduction, effective 1 April 2026, aims to ease financial pressure amid high inflation and unemployment, excluding tap water and most alcoholic drinks.