Italy enacts emergency adjustments to specific provisions of 2026 Budget Law
Italy has gazetted Decree-Law No. 38 of 27 March 2026, effective from 28 March 2026, introducing several urgent tax measures that amend the 2026 Budget Law (Law No. 199 of 30 December 2025). It addresses multiple areas, including clarifications on
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Sweden implements Side-by-Side, UPE safe harbours under global minimum tax
Sweden's Ministry of Finance (MoF) has proposed amendments to the Additional Tax Act (2023:875) to implement the side-by-side arrangement agreed by the OECD Inclusive Framework on 5 January 2026. The changes aim to align Swedish law with OECD/G20
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UN Tax Committee Discusses Indirect Taxes
On 26 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for indirect taxes. The subcommittee on indirect taxes presented its planned workstreams for comment and approval. The subcommittee
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Taiwan: Foreign dividends from China-listed companies now taxable for domestic enterprises
Taiwan's Ministry of Finance has issued a notice on 26 March 2026 that when a profit-seeking enterprise with its head office located within the territory of China invests in shares issued by a foreign company that has been approved to list and trade
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US: Utah announces 2026 corporate income tax rates
The Governor of Utah signed multiple bills on 23 March 2026, including Senate Bill (S.B.) 60, which revises the state’s corporate income tax rates. According to the Senate Bill (S.B.) 60, the corporate income tax rate will decrease from 4.54%
See MoreItaly gazettes annual SME law, introduces tax breaks for business networks
Italy's tax authority has published the Annual Law on Small and Medium-Sized Enterprises (Law No. 34/2026) in the Official Gazette on 23 March 2026, which introduces targeted tax measures to boost business collaboration and attract foreign
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Australia: House of Representatives review proposal to bar tobacco, gambling activities from R&D tax incentives
Australia’s House of Representatives introduced and gave the first reading to the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 on 25 March 2026. The Treasury Laws Amendment (Delivering an Efficient and
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Czech Republic updates non-cooperative jurisdictions list for CFC rules, adds Vietnam
The Czech Republic has published Financial Bulletin No. 5/2026 on 20 March 2026, which includes an updated list of jurisdictions classified as non-cooperative for tax purposes, aligning its domestic rules with the latest decisions of the Council of
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Costa Rica grants deadline extension, transitional measures for monthly reporting of non–e-invoiced transactions ​​
Costa Rica has gazetted Resolution No. MH-DGT-RES-0010-2026 on 20 March 2026, which modifies the previous Resolution No. MH-DGT-RES-0055-2025 regarding the use of Form 270. This form is used for the "Monthly Summary Information Return of Clients,
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US: IRS issues guidance on elections for business interest limitation relief, bonus depreciation exemption
The US Internal Revenue Service (IRS) issued Revenue Procedure 2026-17, which provides guidance on withdrawing elections for excepted trades or businesses under §163(j)(7) and making late elections to opt out of bonus depreciation under
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Lithuania: VMI updates corporate income tax guidance on partnerships, dividends
The Lithuanian State Tax Inspectorate (VMI) published updated guidance on 18 March 2026, revising its official commentary on the Corporate Income Tax Law to clarify the taxation of profits distributed by unlimited liability entities and the
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Germany: MoF publishes draft bill to implement GloBE information exchange
The German Ministry of Finance (MOF) on 20 March 2026 published a draft bill to implement the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA), which Germany signed on 19
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Australia: ATO issues guidance on Pillar Two rules for tax consolidated group restructures, transition rules
The Australian Taxation Office has released guidance on tax consolidated group restructures and transition rules, outlining how Australia’s Pillar 2 minimum tax rules apply to acquisitions, restructures, and other ownership or asset transfers
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Australia: ​​ATO consults on thin capitalisation compliance, risk-weighted asset allocation for foreign bank branches
The Australian Taxation Office has opened a public consultation on Draft Practical Compliance Guideline PCG 2026/D1, covering thin capitalisation and the allocation of risk-weighted assets to Australian branches of foreign banks. This
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India: Lok Sobha approves Finance Bill 2026 with amendments
India’s Lok Sabha (lower house of parliament) has approved the Finance Bill 2026 with amendments on 25 March 2026. It now awaits approval by the Rajya Sabha. The bill implements the Union Budget 2026–27, including measures to introduce the new
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France releases form for statement of assessment of the supplementary (top-up) tax
The French tax authority has released the statement of assessment of the supplementary (top-up) tax (Form 2272-SD) and related guidance for reporting supplementary (top-up) tax. The form must be filed by parent or constituent entities subject to the
See MoreSweden: Parliament approves law to implement DAC9, GIR MCAA
Sweden’s parliament has approved legislation to implement Council Directive (EU) 2025/872 (DAC9) on 25 March 2026. The primary provisions and the new law are proposed to enter into force on 1 May 2026. This legislation details a proposal to
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Finland updates minimum tax act to reflect latest Pillar Two guidance, implements Side-by-Side package
Finland has gazetted Law 187/2026 of 20 March 2026, introducing several amendments to the Minimum Tax Act for Large Groups, aligning national law with European Union directives on global tax standards. The changes align domestic legislation with
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