Russia updates reporting rules for foreign accounts, electronic payments
Russia’s government Resolution No. 305, published in the Official Gazette on 24 March 2026, introduces amendments to reporting requirements for resident legal entities regarding foreign accounts and electronic payment instruments (EPI). The decree
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India enacts corporate tax cuts in Finance Act 2026
India has enacted the Finance Act 2026 on 30 March 2026, giving legal effect to the tax and fiscal measures announced in the Union Budget for 2026–2027. It introduces several changes that will affect businesses, the IT sector, investors and
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Ukraine approves digital platform reporting rules, VAT on international parcels, new individual tax rate
Ukraine's Cabinet of Ministers approved three draft laws on 30 March 2026, introducing significant tax reforms. These changes aim to bring shadow economy activities into the formal sector, create fair competition, and generate revenue for post-war
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Cyprus: Tax Department extends income tax return deadline
The Tax Department has announced on 26 March 2026 an extension for filing certain income tax returns for the 2025 tax year. The extension applies to companies (Form T.F.4) and individuals (Form T.F.1 Log.) who are required to prepare audited or
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UN Tax Committee Discusses Tax and Gender
On 26 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams on tax and gender. The relevant subcommittee presented its planned workstreams for discussion and approval. A workstream would take
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UN Tax Committee Discusses Wealth Tax Issues
On 26 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workplan for producing guidance on taxation of high-net-worth individuals. The relevant subcommittee presented its planned workstream. There is
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UN Tax Committee Discusses Indirect Taxes
On 26 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for indirect taxes. The subcommittee on indirect taxes presented its planned workstreams for comment and approval. The subcommittee
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Costa Rica grants deadline extension, transitional measures for monthly reporting of non–e-invoiced transactions
Costa Rica has gazetted Resolution No. MH-DGT-RES-0010-2026 on 20 March 2026, which modifies the previous Resolution No. MH-DGT-RES-0055-2025 regarding the use of Form 270. This form is used for the "Monthly Summary Information Return of Clients,
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Russia: Government proposes income tax exemption for sick leave benefits
The Russian government has submitted a draft federal law to the State Duma proposing a partial exemption of temporary disability (sick leave) benefits from personal income tax (PIT). Overview of the proposal The bill seeks to amend Article 217
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Ireland: Irish Revenue urges property owners to file LPT returns
Ireland's Revenue published its latest Local Property Tax (LPT) statistics and reminded residential property owners to submit their LPT Returns on 24 March 2026. The valuation submitted through this process determines the LPT charge applicable for
See MoreIndia: Lok Sobha approves Finance Bill 2026 with amendments
India’s Lok Sabha (lower house of parliament) has approved the Finance Bill 2026 with amendments on 25 March 2026. It now awaits approval by the Rajya Sabha. The bill implements the Union Budget 2026–27, including measures to introduce the new
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UN Tax Committee Discusses Guidance on AI for Tax Administrations
On 25 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the proposed workstream for the guidance on tax administration and AI. The subcommittee presented its planned work for comment and approval. The
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US: IRS introduces free options, resources for preparing and filing taxes in 2026
The US Internal Revenue Service (IRS) issued a notice on 20 March 2026 reminding taxpayers who still need to file their 2025 federal tax returns that free options and resources are available on IRS.gov. Whether taxpayers prefer to prepare their own
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Malaysia clarifies taxation of real estate investment trusts (REITs), property trust funds (PTFs) to unit holders
The Inland Revenue Board of Malaysia (IRBM) released Practice Note No. 2/2026 (including examples) on 18 March 2026, addressing significant changes to how income distributions from real estate investment trusts (REITs) and property trust funds
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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
See MoreRussia 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
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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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