Nigeria: MoF introduces presumptive tax regulation framework
Nigeria’s Ministry of Finance have introduced the Presumptive Tax Regulations framework on 4 March 2026, marking a significant milestone in Nigeria’s tax reform journey. The Ministry described the framework as simple, clear and fair, with a
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Singapore: IRAS updates CbC report exchange jurisdictions
The Inland Revenue Authority of Singapore (IRAS) has revised the list of jurisdictions with which it will exchange Country-by-Country (CbC) reports under the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country
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Sweden gazettes temporary VAT cut on food, bottled water
Sweden has announced a temporary reduction in the value-added tax (VAT) on food and bottled water, lowering the rate from 12% to 6% from 1 April 2026 to 31 December 2027, as published in the Official Gazette on 3 March 2026. The move follows
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UK: Cultural Tax Reliefs Impact Review
On 18 February 2026 the Arts Council England published a review of the impact of the UK’s cultural tax reliefs. The cultural tax reliefs (CTR) are the theatre tax relief; orchestra tax relief; and the museums and galleries exhibition tax relief.
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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
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Saudi Arabia: ZATCA urges zakat payers to use ZAKATY platform
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has urged zakat payers to "voluntarily" make their Zakat through the ZAKATY platform or through the ZAKATY website (zakaty.gov.sa). ZAKATY allows individuals to make their Zakat through safe
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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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Ecuador updates withholding tax rates, approves ethics code
Ecuador’s Tax Authority (Servicio de Rentas Internas) has issued Resolution No.NAC-DGERCGC26-00000009, updating the country’s income tax withholding framework. The Resolution, effective from 1 March 2026, replaces the previous rules under
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OECD updates GIR MCAA automatic exchange of GloBE information signatories list
The OECD published an updated list of signatories, including their signing dates, to the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA) on 3 March 2026. The agreement
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Turkey advances omnibus legislation on crypto taxes, disaster relief
Turkey’s government has submitted a draft Omnibus Law to the Grand National Assembly on 2 March 2026, proposing amendments to a range of financial and administrative laws. The legislation targets tax fairness, social support, and regulatory
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Ukraine: Parliament withdraws draft law on online platform income tax
Ukraine’s parliament has withdrawn draft Law No. 14025 on the taxation of income earned by individuals from selling goods or providing services through online platforms, after it failed to secure sufficient votes. A 5% individual income tax was
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Taiwan reminds businesses to submit tax returns for cancellation period
Taiwan has reminded businesses that cancelling tax registration does not end all tax obligations, and that a business tax return must still be filed for the cancellation period within the statutory deadline to avoid penalties. The Kaohsiung
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Romania signs DPI MCAA for automatic exchange of digital platform income information
Romania signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA) on 11 February 2026, bringing the total number of signatories to 33, according to an OECD
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Philippines: Senate to reduce VAT rate
The Philippine Senate is reviewing draft Bill No. SBN-1916, known as the VAT Reduction Act, was introduced on 26 February 2026. The VAT Reduction Act proposes lowering the Value-Added Tax (VAT) in the Philippines from 12% to 10% to align with the
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Saudi Arabia: ZATCA reminds establishments to file February withholding tax
The Saudi Zakat, Tax and Customs Authority (ZATCA) has called upon establishments subject to withholding tax in the Kingdom to submit their tax returns for February 2026, no later than 10 March 2026. This announcement was made on 5 March
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Romania: MoF announces fiscal reforms to combat tax evasion, reduce bureaucracy
Romania’s government announced on 5 March 2026 that it has approved a new Emergency Ordinance, proposed by the Ministry of Finance, designed to strengthen tax collection mechanisms while simplifying administrative procedures for businesses. The
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Iceland: Court of Appeals rule taxpayers must prove arm’s length pricing in related-party deals
The Icelandic Court of Appeals (Landsréttur) upheld the ruling of the District Court of Reykjavík in Iceland’s first transfer pricing case (No. 213/2025) on 19 February 2026. The court confirmed that taxpayers must prove that related-party
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Romania: ANAF postpones RO e-invoice mandate for individual entrepreneurs
Romania’s tax authority, the National Tax Administration Agency (ANAF) has revised electronic invoicing regulations, granting individual service providers additional time to comply with mandatory registration requirements on 3 March
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