EU parliament draft report calls for financial sector VAT reform to address market distortions
The European Parliament's Committee on Economic and Monetary Affairs has released a draft report on 2 February 2026 proposing a unified approach to taxing the EU's financial sector. The document places particular emphasis on revising the VAT
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Ireland: Large corporations to be considered for Phase One rollout of e-invoicing
Ireland’s Revenue confirmed on 10 February 2026 that the "large corporates" will be considered within scope for Phase One of VAT Modernisation programme. This announcement follows Revenue’s publication of VAT Modernisation: Implementation of
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OECD introduces manual on mutual agreement procedures via technical webinar
The OECD hosted a technical webinar on the revised Manual on Effective Mutual Agreement Procedures (MEMAP) on 10 February 2026, in support of the broader focus of the BEPS Inclusive Framework and the Forum on Tax Administration (FTA) on improving
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Belgium amends advance RIR supplementary tax payments under Pillar 2 rules
Belgium’s Federal Public Service (SPF) Finance announced on 9 February 2026 that new procedures apply to advance payments of the Règle d'Inclusion du Revenu (RIR or Income Inclusion Rule) supplementary tax under the Pillar 2 minimum tax rules for
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Ireland: Irish Revenue updates RCT guidance in eBrief No. 032/26
Irish Revenue has released eBrief No. 032/26 on 4 February 2026, announcing updates to its Tax and Duty Manuals (TDMs) relating to Relevant Contracts Tax (RCT). RCT is a withholding tax that applies to specific payments made by principal contractors
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South Africa: SARS clarifies interest deductibility on loan-funded preference share redemption
The South African Revenue Service (SARS) published Binding Private Ruling (BPR) 424 on 6 February 2026, setting out its view on the deductibility of interest incurred on loan funding used to redeem preference shares and to settle current or
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Mexico: SAT updates digital service providers list for VAT
Mexico’s Tax Administration Service (SAT) has issued Official Letter No. 700-04-00-00-00-2026-003, publishing an updated list of non-resident digital service providers registered in the Federal Taxpayers Registry (RFC) for VAT purposes. The
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Portugal sets 2025 corporate municipal surcharge rates
Portugal’s Tax and Customs Authority has issued Circular Letter No. 20288/2026 on 2 February 2026, outlining municipal surcharge (derrama municipal) rates applicable to corporate taxable profits for the 2025 fiscal year. The circular specifies
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Colombia: SIC updates corporate integration fees for 2026
The Colombian Superintendence of Industry and Commerce (SIC) has announced revised corporate integration fees for 2026, covering mergers, acquisitions, and other corporate integration processes. The adjustments, outlined in Resolution No. 40806
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Sri Lanka: IRD reminds bookmakers to pay increased levy on January collections
Sri Lanka’s Inland Revenue Department (IRD) has issued a reminder to taxpayers carrying on the business of bookmakers and gaming to make the Levy payment on the gross collection for January 2026 on or before 7 February 2026. Under the current
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Italy rules energy community withholdings exempt from VAT
Italy's Revenue Agency has clarified on 9 February 2026 that funds withheld by Renewable Energy Communities (CERs) from member incentives fall outside VAT regulations and don't count as taxable revenue. According to the Response No. 22/2026, the
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Nigeria: NRS scraps road tax credit scheme over verification challenges
The Nigeria Revenue Service (NRS) has ended the road infrastructure tax credit programme on 5 February 2026, citing its inability to verify construction projects completed under the initiative. NRS Chairman Zacch Adedeji announced the decision,
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Italy: Agricultural businesses with cadastral income can access special economic zone tax credit
Italy's Revenue Agency has clarified in Response No. 25 on 9 February 2026 that agricultural businesses that determine income from cadastral (land registry) records can access the tax credit for investments in the Single Special Economic Zone (ZES)
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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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China issues interim framework for tax deductions on capital assets
China’s Ministry of Finance and the State Taxation Administration have issued Announcement No. 15 of 2026 on 30 January 2026, in which it issued provisional rules clarifying the deduction of input VAT on long-term assets, with a particular focus
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Romania amends courier filing requirements to incorporate logistics tax
Romania has published Order no. 164/2026, which amends Order no. 1644/2022 in the Official Gazette No. 91 on 4 February 2026. The order revises the reporting requirements for cash-on-delivery shipments by postal service providers. The amendments
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Romania postpones RO e-Factura deadline for select taxpayers
Romania has pushed back the mandatory implementation of its RO e-Factura system for small and medium-sized enterprises to 1 July 2026. This extension provides businesses with lower annual revenues more time to get their systems ready for
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Chile: SII announces 2026 compliance risk management plan
Chile’s tax authority (SII) has presented its 2026 Tax Compliance Management Plan (PGCT) on 29 January 2026, emphasising taxpayer support, business formalisation, cooperative compliance, and the fight against tax evasion and organised
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