Malawi doubles VAT threshold, introduces digital services tax in 2026-27 budget policy statement
Malawi’s Minister of Finance, Economic Planning and Decentralisation has presented the 2026-27 Budget Policy Statement to the National Assembly of Malawi on 27 February 2026. Framed under the theme of "Driving Economic Recovery and Sustainable
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US: IRS updates tax withholding estimator to incorporate new legislative changes
The US Internal Revenue Service (IRS) unveiled enhancements to the IRS Tax Withholding Estimator on 12 March 2026 to reflect changes to credits and deductions under the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, and
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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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Argentina revises rules governing major investment incentive program
Argentina's Executive Branch published Decree 105/2026 in the Official Gazette on 18 February 2026, introducing a series of amendments to Decree 749/2024, which implemented the incentive regime for large investments known as the Régimen de
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Philippines: Tax court upholds dividend withholding tax exemption for foreign government investors
The Philippine Court of Tax Appeals ruled on 26 February 2026 concerning the withholding tax exemption on dividends under Section 32(B)(7)(a) of the National Internal Revenue Code (NIRC) of 1997. Section 32(B) excludes certain income items from
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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
See MoreBelgium: Government proposes higher securities tax, dividend withholding for SMEs in Omnibus Bill
Belgium’s government submitted an Omnibus Bill No. 56 1378/001 to parliament on 23 February 2026, proposing several tax amendments, including an increase in the annual tax on securities accounts and a higher dividend withholding tax rate for
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Romania: ANAF to revise withholding tax reporting requirements
Romania’s tax authority, the National Agency for Fiscal Administration (ANAF), has issued an Order No. 179/2022 on 16 February 2026 to modify the reporting requirements for Form 205, the "Informative Declaration on Withholding Tax and Investment
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Singapore: 2026 budget proposes short-term corporate tax relief, longer-term structural reforms
Singapore's Prime Minister and Minister for Finance, Lawrence Wong, has delivered the FY2026 Budget Statement in Parliament on 12 February 2026, setting out a package of measures aimed at supporting businesses amid cost pressures while advancing
See MoreArgentina regulates tax innocence regime, exempts interest on dollar deposits from withholding tax
Argentina’s tax authority (ARCA) announced on 9 February 2026 that it implemented its Tax Innocence Regime through Law No. 27799, marking a fundamental shift away from decades of restrictive taxation that forced millions into the informal economy.
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Nicaragua tax authority establishes January 2026 tax filing dates
Nicaragua’s tax authority (DGI) issued Notice No. 019-02-2026 on 2 February 2026, establishing tax compliance deadlines for taxpayers with annual income below NIO 60 million. The notice specified that the filing deadline for January 2026 tax
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Algeria: 2026 Finance Law revises tax rules for non-residents and PEs, adds green incentives
Algeria's Ministry of Finance has gazetted the Finance Law for 2026 on 31 December 2025. The Finance Law for 2026 sets out the national budget, defining projected revenues, spending limits, and the overall financial framework for state
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Papua New Guinea enacts Income Tax Act 2025
Papua New Guinea’s new Income Tax Act 2025 came into effect on 1 January 2026. Issued on 20 October 2025, the new Income Tax Act modernises and simplifies the country’s tax framework, replacing the former regime under the Income Tax Act 1959.
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Turkey: Revenue Administration extends 0% withholding tax on bonds, lease certificates
Turkey’s Revenue Administration has announced that Presidential Decision No. 10706, published in the Official Gazette on 19 December 2025, extends the 0% withholding tax rate on specific financial instruments. The decision, accepted on 18
See MoreBelgium: Parliament passes tax bill on withholding refunds, bank taxes
Belgium’s parliament passed legislation on 18 December 2025, proposed by multiple Members of Parliament, to introduce changes to the refund of withholding tax and to raise the tax on credit institutions. The legislation aims to update the 1992
See MoreBelgium: Parliament endorses tax reform targeting investment company share gains
Belgium’s Chamber of Deputies passed legislation on 11 December 2025 to implement key elements of the government’s tax reform plan outlined in April 2025 targeting investment company share gains. The main measures include: Introducing a
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Sri Lanka: Inland Revenue Department issues reminder for November AIT, WHT, APIT payments
Sri Lanka’s Inland Revenue Department issued a notice on 10 December 2025 for taxpayers to settle Advance Income Tax (AIT), Withholding Tax (WHT) and Advance Personal Income Tax (APIT) withheld in November 2025 by 15 December 2025. Taxpayers
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