Sweden implements Side-by-Side, UPE safe harbours under global minimum tax

The measure is intended to manage domestic fuel supply as global oil and oil products markets face significant price fluctuations due to the ongoing conflict in the Middle East.

Applicable from the 2025 tax year onwards, the circular clarifies documentation requirements for deductible expenses and tax incentives, revenue recognition rules across specific business activities, and the CIT obligations of both domestic and foreign enterprises, including foreign contractors and digital platform operators.

Sweden has proposed a temporary cut to petrol and diesel taxes from May to September 2026 to ease rising fuel costs caused by the war in the Middle East, with adjustments for agricultural diesel and future tax indexing.

Angola's tax authority grants taxpayers extra time to file their January VAT returns as the country adjusts to its new Electronic Invoice system, pushing the deadline from 15 March to the end of the month without penalties.

Hong Kong's Inland Revenue Department has reminded taxpayers that second instalments of 2024-25 tax fall due in April, warning that late payment risks escalating penalties, third-party recovery action, travel restrictions, and insolvency proceedings. 

The Australian Taxation Office has updated its foreign exchange rate guidance, releasing monthly rates for the 2025–26 financial year through February 2026.