Morocco: DGI clarifies 2026 Finance Law, details adjustments to corporate tax, PIT, VAT
Morocco’s tax administration (DGI) issued Circular No. 737 on 27 February 2026, clarifying the tax measures of Finance Law 50-25 for 2026, part of Morocco’s 2023–2026 structural tax reform. Finance Law No. 50-25 was promulgated by Dahir No.
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Australia: ATO releases new Pillar Two guidance, organises information session in April
The Australian Taxation Office (ATO) released the updated guidance on Lodging, paying and other obligations for Pillar Two on 12 March 2026. The updated guidance on the Global and domestic minimum tax is designed to help multinational enterprise
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Argentina updates income tax, VAT rules
Argentina’s government has published Law No. 27,802/2026 in the Official Bulletin on 6 March 2026, which entered into force on the same day, introducing amendments to the existing income tax, VAT, excise duties, and other taxes. Income
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Taiwan: Northern Tax Bureau issues reminder on CFC rules
Taiwan’s Northern District National Taxation Bureau has issued a reminder to businesses regarding the Controlled Foreign Company (CFC) rules, which came into effect in 2023. The rules were introduced to prevent multinational enterprises from
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Poland enacts DAC8 crypto-asset reporting, DAC9 Pillar Two top-up tax exchange directives
Poland’s Ministry of Finance announced, on 11 March 2026, that the Act on the Exchange of Tax Information with Other Countries and Certain Other Acts has been signed into law. The legislation implements Council Directive (EU) 2023/2226 (DAC8) and
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UK: HMRC consults standardised corporation tax computations
The UK tax authority, HM Revenue & Customs (HMRC) has initiated a consultation on 10 March 2026 regarding the updates and standardisation of the format of UK corporation tax computations. The government is introducing prescribed formats for
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UK to abolish shadow advance corporate tax system in April 2026
The UK government will abolish the shadow Advance Corporation Tax (ACT) system from April 2026, streamlining the way businesses can use their existing ACT balances. Shadow Advance Corporation Tax (Shadow ACT) is a UK notional tax mechanism
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Taiwan clarifies tax treatment of enterprises overseas income from foreign financial products
Taiwan’s Northern District National Taxation Bureau of the Ministry of Finance clarified today, 12 March 2026, that income derived by profit-seeking enterprises from investments in foreign financial products constitutes overseas income. Such
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EU Commission presses France to end restriction breaching parent-subsidiary rules
The European Commission sent a letter of formal notice to France for applying national criteria to determine whether a parent company qualifies for a withholding tax exemption on subsidiary distributions, in its March 2026 infringements package. The
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Taiwan: MoF explains withholding tax on non-resident dividends
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA) under the Ministry of Finance, issued a notice on 10 March 2026 indicating that, where dividends are distributed by a company to an individual not residing in China or profit-seeking
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New Zealand cuts UOMI rates on tax underpayments and overpayments for 2026
New Zealand's Inland Revenue (IRD) has reduced interest rates on tax payments effective 16 January 2026. The underpayment rate dropped to 8.97% from the previous 9.89%, while the overpayment rate decreased to 2.25% from 3.27%. The earlier
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Italy clarifies Swiss cantonal net wealth tax not creditable against CFC tax
The Italian tax authorities have issued Ruling Answer No. 70/2026, which addresses a specific tax query regarding whether a Swiss cantonal tax—the "Capital Tax"—can be deducted from the Italian taxes due under the Controlled Foreign Company
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Russia reminds organisations to file 2025 CFC notifications
Russia has reminded organisations that the deadline to submit notifications on controlled foreign companies (CFCs) for 2025 expires on 20 March 2026. This announcement was made on 4 March 2026. A CFC notification must be filed regardless of
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Canada: CRA sets Q2 2026 interest rates on tax overdue, refund amounts
The Canada Revenue Agency (CRA) has announced on 24 February 2026 the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in
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Australia: ATO reminds businesses to file TPAR to avoid penalties
The Australian Taxation Office (ATO) has reminded businesses of the requirement to lodge a Taxable Payments Annual Report (TPAR) to avoid potential penalties on 9 March 2026. Businesses and government entities who make payments to contractors may
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Hong Kong plans major expansion of unified fund exemption, family office tax concessions
The Hong Kong SAR (HKSAR) government has unveiled proposals in an administrative paper to strengthen preferential tax regimes for funds, family office investment vehicles, and carried interest, following a consultation process in 2024–25. This
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Hong Kong clarifies tax treatment of equity sale gains
The Hong Kong Inland Revenue Department (IRD) has released an advance ruling, dated 28 November 2025, addressing whether a company’s gain from the sale of a long-held equity interest can be treated as a non-taxable capital gain. The ruling
See MoreAustralia: ATO updates guidance on critical minerals production tax incentives
The Australian Taxation Office (ATO) has released updated guidance on how to claim the Critical Minerals Production Tax Incentive (CMPTI) on 3 March 2026. In the 2024–25 Budget, the Australian Government announced its Future Made in Australia
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