Bolivia: SIN enacts 100% VAT credit restoration for fuel purchases
Bolivia’s National Tax Service (SIN) has removed the long-standing restriction on fuel-related tax credits, allowing taxpayers to claim 100% of VAT on gasoline and diesel invoices. Previously, only 70% was creditable, leaving businesses to absorb
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Ireland cuts fuel excise, announces support package for transport and agriculture
Ireland’s government announced a new package of measures, on 13 April 2026, on fuel costs and to support the transport, farming and fisheries sectors. These measures follow significant recent engagement with industry representatives and are in
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Nicaragua expands tax incentives for free trade zone regime
Nicaragua has introduced a major overhaul of its free trade zone framework through Law No. 1278, published in the Official Gazette on 9 April 2026 and signed into law on 8 April 2026. The reform strengthens fiscal incentives for both free trade zone
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OECD releases Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors
The OECD has released its Secretary-General’s Tax Report to G20 Finance Ministers and Central Bank Governors, prepared for their meeting under the United States presidency on 16 April 2026. Overview The OECD continues to support G20
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Argentina: ARCA introduces simplified tax regime under “tax innocence” approach
Argentina’s tax administration (ARCA) has launched enrollment for a new Simplified Income Tax Regime, marking a significant change in how taxes are assessed on 14 April 2026. The initiative moves away from the traditional assumption of tax
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Sri Lanka: IRD revises VAT treatment on fabric imports, supplies
Sri Lankan Inland Revenue Department (IRD) has issued Notice PN/VAT/2026-04/1 on 08 April 2026 to all Value Added Tax (VAT) registered persons, providing clarification on the VAT treatment of fabric imports and supplies following recent Gazette
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Poland: Council of Ministers proposes excise duty expansion for e-cigarettes
Poland’s Council of Ministers has approved a draft amendment to the Excise Duty Act on 14 April 2026, extending excise taxation to e-cigarettes that operate using electromagnetic induction. The reform aims to align their treatment with existing
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Netherlands consults stricter anti-dividend stripping rules with 15% net return test
The Dutch Ministry of Finance has initiated a public consultation regarding additional measures to prevent dividend stripping on 16 April 2026. Dividend stripping is a method by which individuals or companies attempt to pay less or no tax on
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Colombia Constitutional Court annuls emergency decree, rules on JEP, Penal Code cases
The Constitutional Court of Colombia, in Communicado 14 issued a release on 9 April 2026, delivered three rulings addressing the Special Jurisdiction for Peace (JEP), provisions of the Colombian Penal Code, and a State of Economic and Social
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Sri Lanka: IRD sets VAT deadlines, reinforces strict penalty regime
Sri Lankan Inland Revenue Department (IRD) has issued a formal reminder to taxpayers regarding Value Added Tax (VAT) obligations for the period ending 31 March 2026, reaffirming strict compliance requirements for payments, return submissions, and
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Lithuania updates excise guidance for heated tobacco, e-cigarette liquids
Lithuania State Tax Inspectorate has updated its excise duty guidance on heated tobacco products and electronic cigarette liquids, clarifying liability, rates, exemptions and compliance under the Law on Excise Duties on 14 April 2026. For heated
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Sri Lanka: IRD issues final VAT reminder on financial services payments for March 2026
Sri Lankan Inland Revenue Department (IRD) has issued a final reminder to all relevant taxpayers regarding the payment of VAT on Financial Services (VAT on FS) for March 2026, with the due date set as 20 April 2026. Taxpayers are required to settle
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Taiwan: Tax bureau clarifies invoicing rules on rental deposits, interest calculation
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance stated that when businesses rent out property and collect deposits, they must calculate interest on the deposits and issue uniform invoices to report and pay business tax. The
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South Africa enacts legal framework for e-invoicing, e-reporting
South African Revenue Service (SARS) has enacted the Tax Administration Laws Amendment Act, 2026 (Act No. 4 of 2026) published on 1 April 2026 in Government Gazette No. 54447, introducing a legal framework for e-invoicing and voluntary e-reporting
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Taiwan reminds suspended enterprises to file income tax returns
Taiwan’s Profit-seeking enterprises that have been approved to suspend operations in the 2025 tax year (Year 114 of the Republic of China calendar) are still required to file their income tax returns within the statutory deadline this May,
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Ireland cuts tax on fuel, postpones carbon tax increase
Irish Revenue published eBrief No. 078/26 on 15 April 2026, announcing a reduction in mineral oil tax on certain fuels, and a postponement of the scheduled carbon tax increase. The Tax and Duty Manual on Excise Duty Rates on Energy Products and
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France: Tax Authority grants penalty relief following corporate tax rate ruling
The French tax administration announced penalty relief for companies on 14 April 2026, that incorrectly claimed a reduced corporate income tax rate, following a landmark decision by the Council of State in March 2025. On 13 March 2025, France's
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Italy: Revenue Agency updates tax codes for transition 5.0 credit, CFC regime
The Italian Revenue Agency has introduced new tax codes to facilitate payments under two distinct fiscal frameworks: the Transition 5.0 plan and the reformed controlled foreign companies (CFC) regime. These updates aim to streamline tax compliance
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