Russia proposes raising tax deduction limit for investment accounts
Yaroslav Nilov, Russian Chairman of the State Duma Committee on Labor, Social Policy, and Veterans' Affairs, proposed a bill to increase the maximum amount eligible for a tax deduction when opening an Individual Investment Account (IIA). The
See More
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
See More
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
See More
Taiwan: MoF extends 2026 property tax filing deadline
Taiwan’s Ministry of Finance (MoF) has announced that the 2026 property tax (tax year 115) will be levied from 1 May 2026. Taxpayers whose properties qualify for preferential tax rates or exemptions must submit applications to their local tax
See More
Sri Lanka: IRD mandates employee TINs in APIT annual statements
Sri Lankan Inland Revenue Department (IRD) has announced that, starting from the Year of Assessment 2025/2026, all employers registered under the Advance Personal Income Tax (APIT) scheme must include each employee’s Taxpayer Identification Number
See More
Ukraine issues 2025 filing guidance for individuals, clarifies when filing not required
The State Tax Service of Ukraine has issued guidance on the annual tax declaration (return) obligations for individual taxpayers. The notice clarifies cases where filing a declaration is not required. For taxpayers who must submit a declaration,
See More
Bangladesh: NBR extends PIT deadline for 2025–26 income tax returns
The National Board of Revenue (NBR) has extended the deadline for filing 2025–2026 Personal Income Tax (PIT) returns. Taxpayers now have until 31 March 2026 to submit their returns online through the e-Return system. This announcement was made
See More
Malta enacts 2026 budget measures introducing R&D tax breaks, tighter rules on VAT and excise dutiesÂ
Malta has gazetted the Budget Measures Implementation Act 2026 (Act No. III of 2026) on 10 March 2026. introduces a comprehensive series of adjustments to Malta’s fiscal landscape. These changes, largely retroactive to 01 January 2026, touch upon
See More
Canada cuts PIT, lifts first-time home buyer GST, removes federal fuel charge
Canada’s Department of Finance confirmed that the Making Life More Affordable for Canadians Act (Bill C‑4) obtained royal assent and entered into force on 12 March 2026. The bill introduces key measures to reduce costs, helping Canadians save
See More
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.
See More
IMF Country Focus: How China’s Economy Can Achieve Consumption-led Growth
On 18 February 2026 an IMF country focus with the title How China’s Economy Can Pivot to Consumption-led Growth, written by D. Garcia-Macia, S. Jain-Chandra, S. Kothari and Y. Xu, looked at way in which China could stimulate domestic
See MoreCanada: 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
See More
Ireland: Revenue updates PAYE guidance for employers
The Irish Revenue has issued eBrief No. 043/26 announcing updates to the Employers’ Guide to Pay As You Earn (PAYE) with effect from January 2019. The PAYE system is a method of tax deduction under which employers calculate and deduct income
See More
Bolivia introduces tax incentives for foreign companies reinvesting profits locally
The Bolivian government enacted Supreme Decree 5563 on 6 March 2026, offering significant tax reductions to foreign companies that reinvest their earnings within the country rather than sending them abroad. The decree modifies the Tax on the
See More
US: IRS identifies jurisdictions qualifying for 2025 foreign earned income exclusion relief
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-16, scheduled for formal publication in Internal Revenue Bulletin 2026-13 on 23 March 2026 on the IRB website. The guidance addresses the foreign earned income exclusion for
See More
Serbia sets 2025 supplementary individual tax threshold
Serbia has announced the threshold and rates for the 2025 supplementary annual tax on individuals, affecting both residents and non-residents. Individuals whose net income exceeds RSD 5,439,096, equal to three times the average annual salary, are
See More
Russia proposes overhaul of individual income tax with new progressive brackets
Russia’s Parliament has put forward a draft federal law aiming to restructure the country’s personal income tax (PIT) system. Under Draft Law No. 1160313‑8 on 25 February 2026, the reform would exempt low-income individuals from taxation
See More
Brazil: RFB extends tax deadlines for flood-hit cities in Minas Gerais
Brazil’s tax authority, the Federal Revenue Service (RFB) announced the issuance of Ordinance RFB No. 655/2026 on 27 February 2026, granting emergency tax relief to municipalities affected by severe flooding in Minas Gerais state. The measure
See More