UN Tax Committee Discusses Manual on the Negotiation of Bilateral Tax Treaties
On 24 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workplan for updating the Manual on the Negotiation of Bilateral Tax Treaties. The relevant subcommittee presented its planned workstreams for
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Croatia consults corporate income tax regulation amendments for 2026
Croatia’s Ministry of Finance has issued a draft of amendments to the Corporate Income Tax Ordinance, which is open for public consultation until 25 March 2026. These changes, effective from 1 January 2026, introduce stricter oversight for
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Australia consults Board of Taxation’s review of thin capitalisation amendments
The Australian Board of Taxation released a consultation guide marking the beginning of a formal statutory review of recent reforms to the nation's thin capitalisation rules in March 2026. This consultation guide outlines an independent statutory
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Ireland: Revenue updates Pillar Two guidance in accordance with 2025 Finance Act
Irish Revenue released eBrief No. 058/26 on 24 March 2026, updating the Tax and Duty Manuals with guidance on the Pillar Two global minimum tax. Guidance on Pillar Two Two Tax and Duty Manuals (TDMs) relating to Pillar Two have been updated to
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Belgium: SPF publishes Pillar Two QDMTT draft returns, schema ahead of 2026 filing
Belgium’s Federal Public Service (SPF) Finance announced on 23 March 2026 the release of updated draft versions of the supplementary national tax returns, explanatory notes, and XSD schema for tax years 2024 and 2025. The supplementary national
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UN Tax Committee Discusses Transfer Pricing
On 24 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for transfer pricing during the current mandate of the Committee. The subcommittee on transfer pricing presented its planned
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UN Tax Committee Discusses the Digitalised and Globalised Economy
On 23 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams on the taxation of the digitalised and globalised economy. The relevant subcommittee presented its planned workstreams for comment and
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Bolivia introduces tax incentives for foreign reinvestment, updates excise duties
Bolivia has introduced tax reforms through Supreme Decree 5563 to encourage foreign investors to reinvest profits domestically and support economic growth. The decree was published in the Official Gazette on 2 March 2026 and took effect
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Australia: ATO confirms PepsiCo exempt from royalty withholding, diverted profits tax following high court rulingÂ
The Australian Taxation Office (ATO) issued a Decision Impact Statement on 19 March 2025, concerning the High Court ruling in PepsiCo Inc v Commissioner of Taxation, handed down in August 2025. Summary of decision The High Court dismissed the
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Albania: Parliament reviews draft law to ratify multilateral instrument for Pillar two STTR
Albania’s parliament is reviewing a draft law, submitted on 9 March 2026, aimed at ratifying the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI). Albania signed the STTR MLI on 23
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Mongolia announces broad tax reforms, cuts corporate tax to 15%
Mongolia’s government submitted a comprehensive tax reform package to Parliament on 30 December 2025, following extensive nationwide consultations with over 13,000 citizens and businesses throughout the year. The proposed amendments to
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UK: Finance Act 2026 receives Royal Assent
The UK’s Finance (No. 2) Bill 2025-26 was granted Royal Assent on 18 March 2026 and has now been enacted as the Finance Act 2026, introducing measures across income, corporate, and inheritance taxes, environmental levies, and tax
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UN Tax Committee Discusses Extractive Industries Taxation
The 32nd session of the UN Committee of Experts on International Cooperation in Tax Matters commenced on 23 March 2026. The Committee discussed the continuing work on aspects of taxation in the extractive industries. The relevant subcommittee
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Australia gazettes 2026 global, domestic minimum tax amendment determinationÂ
Australia's government has gazetted the Taxation (Multinational—Global and Domestic Minimum Tax) (Qualified GloBE Taxes) Amendment (Measures No. 1) Determination 2026 on 20 March 2026, which amends the Taxation (Multinational—Global and Domestic
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Cyprus mandates new documentation requirements for cross-border payments to low-tax jurisdictions
Cyprus' Council of Ministers introduced three decrees (K.D.P. 131/2026, 132/2026, and 133/2026) to combat tax abuse involving payments to low-tax and non-cooperative jurisdictions on 13 March 2026. These measures, effective from 1 January 2026,
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Australia: ATO releases overview of Australian company tax rates for 2025-26
The Australian Taxation Office (ATO) has revised its guidance on company tax rates, providing an updated overview of the applicable rates for the 2025–26 income year, as outlined below: Companies Income category Rate (%) Base rate
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Italy: Government introduces tax credits to counter rising fuel costs
Italy’s Revenue Agency has introduced emergency tax relief measures to combat surging fuel prices, including temporary excise duty cuts and EUR 110 million in tax credits for transport and fishing sectors through Decree Law No. 33 on 18 March
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Russia clarifies corporate tax refund deadline for foreign entities
The Russian Ministry of Finance (MoF) has clarified the timeframe for refunding corporate income tax previously withheld from payments made to foreign organisations. The official position was outlined on 12 March 2026 in Letter No.
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