Chile: SII clarifies tax credit claim for foreign taxes paid
Chile's tax authority (SII) issued Letter Ruling No. 286 on 4 February 2026, clarifying the conditions under which taxpayers may claim a credit for foreign taxes paid. The ruling responds to a taxpayer request seeking both a foreign tax credit where
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Taiwan: Tax bureau clarifies input tax credit rules for mixed business operations
Taiwan’s Northern Region National Taxation Bureau announced on 13 February 2025 that businesses selling both taxable and tax-exempt goods must follow specific regulations when claiming input tax credits on fixed assets like factory buildings and
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Canada consults domestic content requirements for clean technology, electricity investment tax credits
Canada’s Department of Finance, in a news release on 13 February 2026 ,announced that it launched consultations on the possibility of introducing a domestic content requirement under the Clean Technology and Clean Electricity investment tax
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US issues new tax rules to limit Chinese clean energy components
The US Treasury Department released interim guidelines on 12 February 2026 addressing how companies can qualify for clean energy tax credits while restricting reliance on Chinese-made equipment under President Donald Trump's tax legislation. The
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US: IRS new clarification on energy tax credits linked to prohibited foreign assistance under federal law under OBBB
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 12 February 2026 that it is providing guidance for determining whether electricity-producing qualified facilities, energy storage technologies, or eligible components
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Romania: MoF unveils comprehensive economic recovery plan
Romania's Ministry of Finance has published a comprehensive fiscal and investment package on 9 February 2026, designed to accelerate economic recovery and modernise the country's tax framework. Earlier, the Ministry of Finance published a draft
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Nigeria: NRS scraps road tax credit scheme over verification challenges
The Nigeria Revenue Service (NRS) has ended the road infrastructure tax credit programme on 5 February 2026, citing its inability to verify construction projects completed under the initiative. NRS Chairman Zacch Adedeji announced the decision,
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Italy: Agricultural businesses with cadastral income can access special economic zone tax credit
Italy's Revenue Agency has clarified in Response No. 25 on 9 February 2026 that agricultural businesses that determine income from cadastral (land registry) records can access the tax credit for investments in the Single Special Economic Zone (ZES)
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Cameroon releases 2026 Finance Law, includes new rules for digital giants, green levies
Cameroon’s Ministry of Finance issued a circular on the execution of the 2026 Finance Law, providing guidance on its implementation and outlining the key tax measures introduced for the year. The circular outlines the mandatory instructions for
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US: Treasury, IRS release draft rules for clean fuel production credit under OBBB
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 3 February 2026 the proposed regulations for domestic producers of clean transportation fuel to determine their eligibility for and calculate the clean fuel
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Netherlands: Government coalition outlines 2026–2030 budgetary and tax changes, introduces new business contribution
The Dutch government’s incoming coalition released its agreement for the 2026–2030 term on 30 January 2026, along with an appendix outlining planned budgetary and tax changes. The proposals outline several notable shifts affecting businesses,
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Italy extends investment tax credits for special economic zones, logistics zones
The Italian Revenue Agency announced on 2 February 2026 that it has approved new communication forms and guidelines for accessing tax incentives for investments in the country’s disadvantaged areas, following changes introduced in the 2026 Budget
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El Salvador announces benefits to encourage business expansions, tax credits range from 10% to 30%
El Salvador’s Legislative Assembly enacted Decree No. 498 on 16 January 2026, which took effect on 24 January 2026, with the aim to stimulate the national economy by offering tax incentives to established companies that increase their local
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France gazettes special budget law for 2026, ensures uninterrupted functioning of government operations
France’s government has published Law No. 2025-1316 of 26 December 2025 in the Official Gazette on 27 December 2025, authorising the State to continue collecting existing taxes to ensure the uninterrupted functioning of government operations until
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Israel: MoF consults draft law to safeguard R&D tax benefits under global minimum tax rules
Israel’s Ministry of Finance launched a public consultation on 15 December 2025 on a draft memorandum aimed at keeping the country’s tax incentives competitive ahead of the introduction of a qualified domestic minimum top-up tax in 2026. The
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Luxembourg implements 2026 Budget Bill
Luxembourg has enacted the 2026 budget bill following its adoption by parliament. The full budget bill was published in the Official Gazette on 19 December 2025. The government has finalised the Law of 19 December 2025, introducing targeted
See MoreUS: Florida updates rules on corporate income tax conformity, addbacks
The Florida Department of Revenue has released TIP 25C01-01 on 1 December 2025, providing explanation on how Florida’s updated static conformity to the federal Internal Revenue Code, now effective from 1 January 2025, affects corporate income tax,
See MoreItaly: Revenue Agency restricts DTA tax credits for assignees to monetisation
Italy’s Revenue Agency clarified on 4 December 2025 that companies acquiring tax credits arising from the conversion of Deferred Tax Assets (DTA) cannot use these credits to offset or transfer them further and can only monetise them through
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