Namibia: 2026-27 budget includes accelerated depreciation for businesses

Italian Revenue Agency confirms that wound treatment products and specific food supplements can benefit from a reduced 10% VAT rate, provided they meet customs classification requirements under Combined Nomenclature headings 3004, 2106, and 1806.

Belgium's tax authorities are rolling out the VAT provision account from 1 May 2026, replacing the current account system as part of ongoing efforts to modernise tax collection. The change brings simplified management tools, new payment procedures, and adjusted credit recovery rules for all VAT-registered businesses.

The Philippine Court of Tax Appeals ruled on 26 February 2026 concerning the withholding tax exemption on dividends under Section 32(B)(7)(a) of the National Internal Revenue Code (NIRC) of 1997. Section 32(B) excludes certain income items from

Hong Kong’s Stamp Duty (Amendment) Bill 2026 will raise the rate on high‑value residential property transactions. The change is expected to affect a small share of sales and boost government revenue significantly.

Ethiopia’s Council of Ministers has issued Regulation No. 586/2026, establishing a new system of tax and customs incentives to encourage investment in strategic sectors. The Regulation provides reduced income tax rates, exemptions, and capital allowances for Special Economic Zones, startups, environmental initiatives, and public listings.

The French tax authorities released guidance on 4 March 2026, clarifying VAT rules for distance sales of imported goods to consumers in France and the EU. It explains reporting and payment obligations for merchants not using the IOSS filing system.