Malaysia gazettes order on reduced service tax on rental, leasing services
Malaysia gazetted the Service Tax (Rate of Tax) (Amendment) Order 2026 on 13 March 2026, formalising a reduction in the service tax rate on rental and leasing services. Earlier, Malaysia’s Ministry of Finance released updated policy notices on
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Bolivia introduces tax incentives for foreign reinvestment, updates excise duties
Bolivia has introduced tax reforms through Supreme Decree 5563 to encourage foreign investors to reinvest profits domestically and support economic growth. The decree was published in the Official Gazette on 2 March 2026 and took effect
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UK: Finance Act 2026 receives Royal Assent
The UK’s Finance (No. 2) Bill 2025-26 was granted Royal Assent on 18 March 2026 and has now been enacted as the Finance Act 2026, introducing measures across income, corporate, and inheritance taxes, environmental levies, and tax
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UN Tax Committee Discusses Extractive Industries Taxation
The 32nd session of the UN Committee of Experts on International Cooperation in Tax Matters commenced on 23 March 2026. The Committee discussed the continuing work on aspects of taxation in the extractive industries. The relevant subcommittee
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Brazil cuts diesel taxes to shield citizens from oil price surge
Brazil’s government has enacted urgent measures to lower diesel prices as international oil costs spike due to armed conflict involving the US, Israel, and Iran, compounded by escalating tensions near the Strait of Hormuz—a strategic waterway
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Bosnia and Herzegovina cuts excise duties on oil to ease market pressure
Bosnia and Herzegovina’s House of Representatives adopted amendments to the Law on Excise Duties on 16 March 2026, enabling the Council of Ministers to reduce or abolish excise duties on diesel, petrol, kerosene, heating oil, and biofuel for up to
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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
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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
See MoreBrazil introduces export tax on crude oil, diesel
Brazil’s tax authority, the Federal Revenue Service (RFB), has updated its Export Manual to reflect changes introduced by Provisional Measure No. 1,340, issued on 12 March 2026. Previously limited to specific products like cigarettes, the Export
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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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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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Portugal: Court confirms foreign income faces municipal surcharge
Portugal’s Supreme Administrative Court has ruled that foreign-source income is generally liable for municipal surcharge unless it can be attributed to a foreign permanent establishment. The judgment, issued on 25 February 2026, followed a case
See MoreBolivia reduces tax burden with ICE, VAT reforms
Bolivia's government has announced two tax relief measures on 10 March 2026 aimed at easing financial pressure on citizens and businesses while improving tax system transparency. The National Tax Service (SIN) CEO, Jorge Zogbi Nogales, confirmed
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Namibia: 2026-27 budget includes accelerated depreciation for businesses
Namibia's Parliament has released the Budget Statement for the Fiscal Year 2026-27 on 26 February 2026, introducing significant changes to the tax code to support both individuals and businesses. The key tax measures are: Corporate and
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Romania: MoF updates property taxation from 2026
Romania’s Ministry of Finance has approved tax reforms on 27 February 2026, which are set to begin in the 2026 fiscal year, emphasising revised property assessments and enhanced flexibility for municipal governments. To align taxation with
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Finland to reduce corporate tax rate in financial framework for 2027-30
Finland's Ministry of Finance has published a proposed decision outlining its draft spending framework proposal on 26 February 2026, which includes the government's fiscal plans for the 2027–2030 budget cycle. The framework includes sweeping
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Netherlands tax authorities launch electronic filing for 2026 gift, inheritance tax returns
The Netherlands tax administration announced on 2 March 2026 that taxpayers can now submit their inheritance and gift tax returns electronically for the 2026 tax year. Taxpayers who receive gifts exceeding certain thresholds must file a return by
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Dominican Republic: DGII introduces surcharge relief for overdue taxes
The General Directorate of Internal Taxes (DGII) of the Dominican Republic issued Circular No. 03-2026 on 16 February 2026, establishing relief measures for surcharges on overdue tax obligations. The initiative aims to encourage taxpayers to
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