Switzerland: FTA clarifies Pillar Two Side-by-Side Package application

The Italian government’s Energy Decree introduces temporary cuts to fuel excise duties, recalculated tax credits for business investments, and a special fuel credit for farmers, effective from 8 April to 1 May 2026, aiming to ease energy costs and support sustainable projects.

The authority has urged large taxpayers, companies, and individuals to confirm their exact filing dates, follow the updated technical guidance, and ensure timely compliance to avoid system congestion and potential penalties.

Cyprus has introduced DAC8-driven amendments to its tax cooperation framework, effective 1 January 2026, refining reporting obligations for cross-border arrangements and clarifying the treatment of intermediaries protected by legal privilege.

Kuwait has implemented the Budget Executive Regulations for FY 2026/2027, effective 1 April 2026, revising payment retention rules for government entities. Ministries, government bodies, and public institutions must retain 5% of payments under contracts, agreements, or transactions until a tax clearance certificate from the Ministry of Finance is provided.

Bolivia has introduced a tax reform allowing businesses operating under the “zero rate” VAT regime to deduct previously non-creditable 13% VAT on purchases, reducing their Corporate Income Tax (IUE) burden and improving cash flow from 7 April 2026.  

The Australian Taxation Office has advised businesses to review the fuel tax credit rates applicable to their next claim, following changes that took effect on 1 April 2026.