Croatia grants government emergency powers to adjust VAT on energy products
The Croatian Parliament is moving to adopt urgent amendments to the Value Added Tax Act that would authorise the government to temporarily modify VAT rates on energy products during market crises, bypassing the standard legislative process. The
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Taiwan: Tax bureau clarifies income recognition for completed construction works
Taiwan’s Southern Area National Taxation Bureau of the Ministry of Finance has stated that income from completed contracted construction works must be reported as operating revenue in full upon completion, regardless of whether payment has been
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Ireland: Irish Revenue clarifies revised entrepreneur relief, expands examples, and increases cap
Irish Revenue issued eBrief No. 080/26 on 17 April 2026, updating guidance on Revised Entrepreneur Relief. The update relates to Tax and Duty Manual Part 19-06-02b, which guides the Capital Gains Tax (CGT) relief known as Revised Entrepreneur
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Singapore: IRAS classifies REIT perpetual securities as debt for tax purposes
Singapore’s Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 6/2026 on 1 April 2026 clarifying the tax treatment of subordinated perpetual securities issued by a Singapore-listed real estate investment trust
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Portugal cuts ISP minimum fuel tax rates amid Middle East crisis
Portugal has approved a temporary reduction in the minimum unit tax rates applied to petroleum and energy products under ISP (Imposto sobre os Produtos PetrolÃferos e Energéticos), in response to rising energy costs linked to the Middle East
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Taiwan: Ministry of Finance extends individual income tax filing deadline
The Ministry of Finance has announced yesterday, 19 April 2026, that the individual tax return filing period for Fiscal Year 114 (2025) will run from 1 May to 1 June of Fiscal Year 115 (2026), with a revised deadline reflecting the impact of
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France introduces ‘innovative young enterprises’ category, extends tax exemptions to 2028
The French Tax Administration announced, on 15 April 2026, new provisions establishing a distinct category of innovative young enterprises and extending critical tax relief measures through 2028, following the enactment of Law No. 2026-103 of 19
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Bolivia: SIN updates financial statement filing rules, extends corporate tax deadline
Bolivia’s National Tax Service (SIN) has approved Board Resolution (RND) 102600000014, introducing changes to the submission of financial statements, annual reports, and transfer pricing studies, while extending the deadline for the submission of
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Kenya weighs capital gain tax relief on internal corporate restructuring
Kenya's National Assembly is set to consider new legislation that would eliminate capital gains tax on internal company reorganisations, potentially saving businesses millions in restructuring costs. The Income Tax (Amendment) Bill, 2026, tabled
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US: IRS launches new online tool to help taxpayers resolve tax debt
The US Internal Revenue Service (IRS) announced on 16 April 2026 a new online tool to help taxpayers understand and resolve tax debt. The Tax Debt Help tool provides individuals and businesses with a simple, accessible way to explore payment
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Brazi: RFB consults on CSLL surcharge regulation updates
Brazil’s tax authority, the Federal Revenue Service (RFB) has launched a public consultation process on 17 April 2026 to amend Normative Instruction RFB No. 2,228/2024, which governs the CSLL Surcharge. Interested parties can submit their
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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 31 March 2026. The agreement
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Canada: Government to release Spring Economic Update on 28 April 2026
Canada’s Minister of Finance and National Revenue announced on 15 April 2026 that he will table the Spring Economic Update 2026 on Tuesday, 28 April 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to
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Croatia publishes final revisions to Corporate Income Tax Ordinance
Croatia has published the amendments to the Corporate Income Tax Ordinance in the Official Gazette No. 39/2026 on 15 April 2026. All key changes previously outlined in the draft released for public consultation have been adopted, with only minor
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IMF Spring Meetings: Regional Outlook for Sub Saharan Africa
On 17 April 2026 the IMF held a press briefing on the Regional Economic Outlook for Sub Saharan Africa: Hard Won Gains Under Pressure. The IMF notes that Sub-Saharan Africa performed strongly in 2025, with regional growth estimated at around
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Belgium: Constitutional Court upholds tax penalty rules blocking loss deductions
Belgium’s Constitutional Court delivered its decision regarding Case No. 41/2026 of 9 April 2026, following preliminary questions from the Dutch-language Brussels Court of First Instance, the Limburg Court of First Instance (Hasselt division), and
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Malaysia introduces income tax exemption for tour operators
The Malaysian government has issued the Income Tax (Tour Operator Company) (Exemption) Order 2026 on 7 April 2026. The order applies for the year of assessment (YA) 2026 to YA 2027, setting out a targeted tax incentive for qualifying tourism
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Saudi Arabia, US sign tax information exchange agreement
Saudi Arabia and the US signed an exchange of information agreement relating to tax matters on 14 April 2026. During a meeting, Secretary of the Treasury Scott Bessent and Saudi Minister of Finance Mohammed bin Abdullah al-Jadaan discussed
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