France clarifies MAP access rules, APA roll-back conditions in transfer pricing guidance

Cambodia’s Ministry of Economy and Finance, issued an Instruction under which the state assumes full 10% VAT liability on diesel fuel and LPG gas supplies to ease price pressures. Enterprises must issue invoices stating “VAT at 10% assumed by the state,” with the measure effective from 1 April 2026 until further notice.

Irish Revenue has published eBrief No. 081/26 on 17 April 2026, issuing updated guidance on the Living City Initiative under Chapter 13 of Part 10 of the Taxes Consolidation Act 1997. The update reflects Finance Act 2025 changes and revised Tax and Duty Manuals covering all relief elements and expanded designated areas.

Sweden’s Ministry of Finance has proposed reforms to the tonnage taxation system under the 2026 Budget Bill to enhance the competitiveness of Swedish shipping. The measures expand eligible activities, ease vessel qualification criteria, and increase flexibility for bareboat chartering and tax fund usage.

The Austrian government has approved new accounting reforms that raise the bookkeeping threshold from EUR 700,000 to EUR 1 million in annual turnover and allow companies to capitalise intangible assets like software and patents, aiming to cut red tape for SMEs and improve their access to financing.

The Sri Lankan government has abolished the VAT zero-rate on fabric imports and eliminated the CESS levy from 1 April 2026, introducing an 18% standard VAT rate for both imported and locally supplied fabric in a significant policy shift for the textile industry.

The IRS launches a new Whistleblower Alert system to identify high-risk fraud areas, offering monetary awards of up to 30% of collected proceeds for credible information on tax-exempt organisations, individuals, and businesses misusing federal funds.