US: Court orders refund of tariffs following Supreme Court ruling

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.

Argentina published Decree 105/2026 amending the RIGI investment incentive program by extending the application deadline to 8 July 2027, expanding oil and gas eligibility to onshore projects requiring a minimum investment of USD 600 million, redefining the technology sector "expansion" to include innovative products with 50% component differences and USD 250 million threshold, and clarifying tax benefits and foreign currency regulations.

The Turkish Grand National Assembly reviews a draft bill aiming to expand the tax base, strengthen tax justice, and provide social support following the 2023 earthquakes. The proposal also introduces new rules for crypto assets and administrative measures.

Ukraine’s parliament has withdrawn draft Law No. 14025 on taxing income from online sales after it failed to gain enough votes. The bill had proposed a 5% individual income tax for qualifying resident sellers, withheld by the platform.

Taiwan’s tax authority warns businesses to file a business tax return for the cancellation period after ending operations. Failure to file within 15 days of cancelling registration may result in penalties under the Business Tax Act.