Turkey reintroduces fuel price stabilisation mechanism, revises SCT

09 March, 2026

Turkey has revised special consumption tax (SCT) on petrol, diesel, LPG, propane and butane under Presidential Decision No. 10995. The adjustments, part of the fuel price stabilisation mechanism, came into effect on 5–6 March 2026.

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Singapore: IRAS advance ruling confirms property sale treated as capital transaction

10 March, 2026

The Inland Revenue Authority of Singapore has clarified that the disposal of a company’s office property to a related party constitutes a capital transaction and will not be treated as taxable trading income. 

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Ireland: Revenue updates guidance on Expressions of Doubt under Full Self-Assessment

10 March, 2026

The updated guidance clarifies the scope of extended tax payment deadlines and the circumstances in which taxpayers may submit an Expression of Doubt for Income Tax, Corporation Tax and Capital Gains Tax returns. 

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Korea (Rep.): 2026 tax measures to boost corporate liquidity, strategic investment

09 March, 2026

NTS has announced a suite of tax administrative measures for 2026, targeting liquidity support, payment flexibility, and incentives for research, development, and strategic industries.

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Taiwan: Tax relief available for small businesses affected by natural disaster

10 March, 2026

Small-scale business owners whose operations are interrupted by heavy rain or other natural disasters may apply for tax relief on disaster-related losses, the Central Region National Taxation Bureau of the Ministry of Finance has said. 

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Ireland: Revenue updates PAYE guidance for employers

10 March, 2026

Irish Revenue has published eBrief No. 043/26 announcing updates to the Employers’ Guide to Pay As You Earn (PAYE), reflecting revisions to multiple chapters of the guidance.

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OECD: Developing economies drive EUR 135 billion rise in global tax transparency

09 March, 2026

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.

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EU, Canada launch negotiations for a digital trade agreement

09 March, 2026

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. 

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Bolivia introduces tax incentives for foreign companies reinvesting profits locally

09 March, 2026

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.

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Nigeria: MoF introduces presumptive tax regulation framework

09 March, 2026

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.

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