France enacts 2026 Finance Law, introduces exceptional contributions for large corporations
France has enacted Finance Law for 2026 (Law No. 2026-103) and published it in the Official Journal of the French Republic on 20 February 2026. Before promulgation, the Constitutional Court reviewed the legislation and validated most of its
See More
Mozambique enacts 2026 tax reforms, introduces VAT on digital services
Mozambique's President signed into law and ordered the official publication of the Economic and Social Plan and State Budget (PESOE) for 2026, along with a package of tax reform legislation on 29 December 2025. Effective from 1 January 2026, the
See More
UAE exempts non-commercial sports entities from corporate tax
The UAEโs Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. (1) of 2026 on Exempting Certain Sports Entities from Corporate Tax for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and
See More
Taiwan: Tax bureau clarifies sole proprietors on invoice rules during change of responsible personย
The Northern Taiwan National Taxation Bureau of the Ministry of Finance has clarified on 13 February 2026 that sole proprietorships that change in the responsible person may trigger business tax obligations if inventory and fixed assets are
See More
Australia: ATO clarifies eligibility for AUD 20,000 instant asset write-off for 2025โ26
The Australian Taxation Office (ATO) has published a release outlining eligibility for the AUD 20,000 instant asset write-off for the 2025โ26 income year on 3 February 2026. If a business has an aggregated annual turnover of less than $10
See MoreFrance: Tax Authority updates deductible interest rates for shareholder loans
The French tax authorities have published updated interest rates (BOI-BIC-CHG-50-50-30), on 28 January 2026, that determine the deductibility of interest payments made by companies to their shareholders. In accordance with the provisions of the
See More
Brazil: RFB clarifies deduction of foreign taxes paid by subsidiaries, affiliated companies
The Brazilian Federal Revenue Service (RFB) has issued Interpretative Declaratory Act RFB No. 1 of 22 January 2026, published in the Official Gazette (DOU) on 23 January 2026, providing guidance on the deduction of foreign taxes paid by subsidiaries
See More
Spain repeals VAT, PIT, corporate tax measures
Spainโs Official State Gazette (BOE) published the Congressional Resolution of 27 January 2026 on 28 January 2026, formally announcing that Royal Decree-law 16/2025 โ which was introduced to support socially vulnerable groups and implement
See More
Papua New Guinea enacts Income Tax Act 2025
Papua New Guineaโs new Income Tax Act 2025 came into effect on 1 January 2026. Issued on 20 October 2025, the new Income Tax Act modernises and simplifies the countryโs tax framework, replacing the former regime under the Income Tax Act 1959.
See MoreFrance confirms automatic renewal of special advance CIT regime for investment income
The French tax authorities have confirmed, on 21 January 2026, the automatic renewal of the special regime for calculating advance corporate income tax payments for companies whose profits consist entirely or partly of investment income. Under
See More
Turkey raises withholding tax refund limits for 2026
Turkeyโs Ministry of Treasury and Finance has increased the limits for cash refund claims related to withholding tax (WHT). For 2026, the maximum amount eligible for a cash refund without requiring inspection reports rises from TRY 340,000 to
See More
Poland sets 2026 thresholds for small-taxpayer regimes
Poland has announced the thresholds for several small-taxpayer regimes, including the reduced corporate tax rate, the simplified VAT scheme, the simplified flat-rate tax, and the investment incentive deduction for 2026. The new thresholds
See More
Vietnam: Government issues decree regulating new corporate income tax law
The Government of Vietnam has issued Decree No. 320/2025/ND-CP on 15 December 2025, regulating the implementation of the Law on Corporate Income Tax 2025 (Law No. 67/2025/QH15), which entered into force on 1 October 2025. The Decree relates to
See More
China extends tax exemptions for foreign bond investors through 2027
Chinaโs Ministry of Finance and the State Administration of Taxation made two announcements on 15 January 2026 that extend tax exemptions for foreign institutional investors in its bond market. Under Announcement No. 5 of 2026, the corporate
See More
Vietnam updates corporate income tax framework, updates capital transfer rules
The Vietnamese Government issued Decree No. 320/2025/ND-CP on 15 December 2025, setting out detailed rules for the implementation of the Law on Corporate Income Tax (CIT). The decree provides a comprehensive framework for determining taxpayers,
See More
Singapore gazettes Finance (Income Taxes) Act 2025, enacts global minimum tax standards
Singapore gazetted the Finance (Income Taxes) Act 2025 on 12 December 2025, enacting the Budget 2025 measures announced in February 2025. The Finance (Income Taxes) Act 2025, passed by the Parliament of Singapore in late 2025, introduces a range
See More
Latvia: Parliament revises capitalisation rules, introduces individual-owned company tax relief
Latvia has published Amendments to the Corporate Income Tax Law on 18 December 2025, which were approved on 3 December 2025, introducing new provisions affecting port authorities, taxpayers composed only of natural persons, and interest payments on
See More
Japan: MoF unveils FY 2026 tax reform proposals, covers income tax, investment incentives and digital economy measures
Japanโs Ministry of Finance (MoF) has released the highlights of the tax reform proposals for the fiscal year 2026. The key elements of the proposals are outlined below: ๏ผ๏ผ๏ผIncome tax reform to address rising pricesย ย Introduce
See More