Sweden consults R&D tax incentives under Pillar Two, aligns with Side-by-Side Package
Sweden’s Ministry of Finance (MoF) has launched a public consultation under Memorandum No. Fi2026/00105 on proposed tax incentives for research and development (R&D) personnel costs and its interaction with OECD Pillar Two rules on 24 February
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Belgium approves new tax measures, includes deduction rules for purchased, leased vehicles
Belgium has published a tax bill in the Official Gazette No. 2026001286 on 27 February 2026, introducing various technical updates, notably revising the deduction rules for company cars purchased, leased, or rented before 1 January 2026. This
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Hungary mandates digital receipt reporting for businesses without cash registers from September 2026
Hungary’s National Tax and Customs Administration (NAV) has announced that Hungarian businesses not using cash registers or e-cash registers must report receipt data to NAV, starting 1 September 2026. Companies already issuing receipts through
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Malaysia: IRB opens 2025 corporate income tax return submission
Malaysia’s tax authorities, the Inland Revenue Board of Malaysia (IRB), have announced that income tax return filing has been open since yesterday, 1 March 2026, for the 2025 year of assessment. All individual and non-individual taxpayers must
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Italy releases final versions of 2026 tax return forms
Italy’s tax authorities announced that the final versions of Italy's 2026 tax declaration forms are now available following ministerial approval on 27 February 2026. These forms—including the 730, Income Tax, CNM, 770, and IRAP—will be used to
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UK: HMRC updates guidance on qualified IIR, QDMTT jurisdictions
UK’s Tax Authority, HM Revenue & Customs (HMRC) has issued an updated notice specifying jurisdictions with a qualified income inclusion rule (IIR) and/or a qualifying domestic top-up tax (QDMTT) that meets safe harbour standards. The
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Ireland: Share scheme returns for 2025 due in March 2026
Irish Revenue has issued eBrief No. 039/26 on 27 February 2026, reminding customers that the deadline for the share reporting obligation in respect of the return year 2025 is 31 March 2026. Failure to make a return by the due date may attract
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CJEU rules Belgium non-compliant for excluding foreign tax credits under ADAT CFC framework
The Court of Justice of the European Union (CJEU) delivered a judgment on 26 February 2026, examining how Belgium has transposed the Controlled Foreign Company (CFC) rules under the Anti-Tax Avoidance Directive (ATAD). The case centred on whether
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Belgium: MoF introduces 5% capital gains tax for shareholding investment firms
Belgium's Ministry of Finance issued Circular 2026/C/33 on 24 February 2026, establishing a separate 5% capital gains tax on the disposal of shares in SICAV-RDT/DBI-BEVEK investment companies effective from the assessment year 2026. It also
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Romania mandates GloBE information return, notification requirements
Romania published Order No. 218, issued by the National Agency for Fiscal Administration (ANAF) on 16 February 2026, in its Official Gazette on 24 February 2026. The order sets out the official templates and procedural rules for two key forms
See MoreHungary revises Pillar 2 GloBE notification form
Hungary’s tax authority (NAV) issued a notice announcing updates to the Pillar Two GloBE notification form on 20 February 2026. The revisions add several new mandatory data fields and provide further clarification on how entities are required to
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Netherlands publishes collective decision on nullified corporate tax interest disputes
The Netherlands Ministry of Finance has published a collective decision, which was published in Official Gazette No. 8286 of 25 February 2026 on 25 February 206, addressing the widespread objections to corporate income tax interest charges dating
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US: IRS revises Section 987 income, foreign currency rules
The US Internal Revenue Service (IRS) has released Notice 2026-17, addressing revisions to the rules for calculating taxable income or loss and foreign currency gain or loss related to a qualified business unit under Section 987. Notice 2026-17:
See MoreEU Council approves streamlined sustainability reporting, due diligence rules for businesses
With a view to boosting EU competitiveness, the EU Council announced the approval of a simplification of the sustainability reporting and due diligence requirements for companies on 24 February 2026. This legislation simplifies the directives on
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Hong Kong proposes global minimum tax implementation in 2026-27 budgetÂ
Hong Kong’s Financial Secretary Paul MP Chan delivered the 2026-27 Budget on 25 February 2026. Under the theme of "Driving High-quality, Inclusive Growth with Innovation and Finance," the budget introduces a mix of one-off relief measures and
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IMF Report on Canada Recommends Tax Changes
On 21 January 2026 the IMF issued a report following consultations with Canada under Article IV of the IMF’s articles of agreement. The report notes that Canada is adjusting the significant trade shock caused by US tariff increases and the limited
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Indonesia: DJP establishes specific criteria for identifying domestic, foreign tax subjects
Indonesia's Directorate General of Taxation (DJP) issued Regulation PER-23/PJ/2025, which was enacted on 9 December 2025, establishing the specific criteria for identifying domestic and foreign tax subjects. It defines domestic subjects as
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Panama: MEF to dissolve thousands of suspended companies starting February 2026
The Ministry of Economy and Finance (MEF) announced on 23 February 2026 that it will launch a major initiative to dissolve suspended legal entities, reinforcing Panama's commitment to legal and financial transparency while meeting international
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