Hong Kong: IRD releases 2025–26 tax returns for profits, property
The Hong Kong Inland Revenue Department (IRD) has announced the issuance of profits tax, property tax, and employers’ returns for the 2025–26 tax year on 1 April 2026. IRD has issued about 270, 000 profits tax returns, 120, 000 property tax
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Italy issues rules for optional substitute tax as alternative to CFC regime
Italy’s tax authorities have issued updated guidance, under Protocol No. 106520 of 31 March 2026, which details the voluntary tax option that allows Italian controlling entities to pay a flat 15% substitute tax on the net accounting profits of
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Australia: ATO issues guidance on revising global, domestic minimum tax assessments, GIR
The Australian Taxation Office (ATO) issued new guidance on Amending a global and domestic minimum tax assessment and Globe Information Return (GIR) on 31 March 2026. Check if an amendment is needed To correct mistakes in relation to the
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Greece consults DAC9 Top-up Tax Information Return, DAC8 crypto-asset reporting
The Greek Ministry of Finance (MoF) has launched a public consultation on a draft bill aimed at modernising administrative cooperation in taxation and implementing recent European Union directives on 29 March 2026, after which it is expected to
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Turkey raises withholding tax on non-TEFAS equity fund gains
Turkey’s Revenue Administration has published Presidential Decree No. 11107 in the Official Gazette (No. 33206) on 27 March 2026, increasing the withholding tax rate on gains from participation shares in equity-intensive funds that are not traded
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India enacts corporate tax cuts in Finance Act 2026
India has enacted the Finance Act 2026 on 30 March 2026, giving legal effect to the tax and fiscal measures announced in the Union Budget for 2026–2027. It introduces several changes that will affect businesses, the IT sector, investors and
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Cyprus: Tax Department announces new payment method for defence, health contributions
The Cyprus Tax Department announced, on 26 March 2026, the introduction of a temporary change in how certain contributions are paid for the 2026 tax year. For the time being, taxpayers will make payments for the following contributions directly
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Netherlands introduces ‘Freedom Contribution’ in 2026 Spring Memorandum
The Dutch Government has published the Spring Memorandum 2026, updating the 2026 budget and outlining forward-looking plans, including a range of tax measures. Key provisions reflect those agreed in the Coalition Agreement for 2026–2030, released
See MoreAustralia: ATO clarifies essential steps for business FBT compliance
The Australian Taxation Office (ATO) has released a notice on 26 March 2026 outlining four essential steps for businesses to comply with their fringe benefits tax (FBT) obligations for the year ending 31 March 2026. The FBT year runs from 1 April
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Taiwan: Tax Bureau clarifies business tax exemption for fresh produce sellers
Taiwan’s Northern District National Taxation Bureau of the Ministry of Finance clarified that businesses exclusively engaged in the sale of unprocessed fresh agricultural, forestry, fishery, and livestock products, including by-products, are
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Ukraine approves digital platform reporting rules, VAT on international parcels, new individual tax rate
Ukraine's Cabinet of Ministers approved three draft laws on 30 March 2026, introducing significant tax reforms. These changes aim to bring shadow economy activities into the formal sector, create fair competition, and generate revenue for post-war
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Brazil warns micro-businesses of potential Simples Nacional exclusion over unpaid tax debts
Brazil’s tax authority, the Federal Revenue Service (RFB), has announced on 26 March 2026 that individual micro-entrepreneurs (MEI), micro-enterprises (ME), and small businesses (EPP) may face potential removal from the Simples Nacional tax regime
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Brazil: RFB launches major compliance rewards system for corporate taxpayers
Brazil’s tax authority, the Federal Revenue Service (RFB), has introduced three comprehensive regulatory instructions on 27 March 2026, implementing compliance programmes under Complementary Law No. 225/2026, the Taxpayer Defence
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Thailand reminds corporate taxpayers to file income returns for FY 2025
Thailand’s Revenue Department, in a notice, announced that corporate taxpayers (juristic persons) that have not yet submitted their PND.50, PND.52, and PND.55 returns for the accounting period 1 January 2025 to 31 December 2025 are required to do
See MoreCyprus: Tax Department extends income tax return deadline
The Tax Department has announced on 26 March 2026 an extension for filing certain income tax returns for the 2025 tax year. The extension applies to companies (Form T.F.4) and individuals (Form T.F.1 Log.) who are required to prepare audited or
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Vietnam: MoF issues updated guidance on CIT for 2025 tax year, onwards
Vietnam’s Ministry of Finance (MOF) issued Circular 20/2026/TT-BTC on 12 March 2026 , which provides detailed guidance on several articles of the Law on Corporate Income Tax (CIT) and Decree No. 320/2025/ND-CP. Applicable from the 2025 tax year
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Greece confirms UTPR, transitional CbCR safe harbours under Pillar Two enters into force
Greece’s Ministry of Finance (MoF) has confirmed that the undertaxed profits rule (UTPR) and the transitional country-by-country reporting (CbCR) safe harbours under Pillar Two, as established in the Minimum Taxation Directive (2022/2523),
See MoreHong Kong announces second tax instalment notice for 2024-25 assessment year
The Hong Kong Inland Revenue Department (IRD) has issued a notice regarding the second instalments of tax for the 2024-25 year of assessment, which are generally payable in April. IRD urges taxpayers to note the due dates as stated on their demand
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