Ukraine: MoF consults transfer pricing reform bill

Georgia has introduced a new annual reporting obligation for international controlled transactions exceeding GEL 500,000, requiring detailed disclosure of related-party dealings, debt balances, and transfer pricing documentation, effective from the 2025 reporting period. 

Hungary will require businesses without cash or e-cash registers to report receipt data to tax authorities from 1 September 2026, as part of a broader digital transition that will see traditional cash registers phased out by 1 July 2028.

Brazil has partially reversed a February 2025 tariff increase affecting over 1,200 products, restoring zero-duty status for 105 items, including data centre equipment and industrial machinery, as the government balances fiscal revenue needs with industry demands.

Bulgaria has published Decree No. 61, enacting the law ratifying the CARF MCAA and the CRS Addendum. The legislation enhances financial transparency through the automatic exchange of information on crypto-assets and financial accounts.

The Inland Revenue Authority of Singapore (IRAS) announced on 26 February 2026 that all GST-registered businesses will be required to use InvoiceNow by April 2031. The phased rollout, based on annual supplies, aims to boost productivity, reduce manual processing and errors, and improve GST compliance through Singapore’s nationwide e-invoicing network. SMEs and larger businesses will receive grants and support to ease adoption.

The revised notice provides clarity for multinational enterprises, confirming which jurisdictions’ Pillar Two rules the UK recognises for IIRs and top-up tax compliance.