Australia consults draft foreign resident CGT law with renewable energy relief
The Australian Government has opened a public consultation on draft legislation to reform the foreign resident capital gains tax (CGT) regime, with the consultation running from 10 to 24 April 2026. The proposed law is designed to ensure foreign
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Malta issues guidance on VAT exemption scope for gambling sector
Malta’s Tax and Customs Administration has issued guidelines on 6 April 2026 setting out updates to the VAT and gaming tax frameworks for the gaming sector, with changes entering into force on 1 October 2026. The measures include a clarified scope
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Ecuador: SRI clarifies 15% VAT on financial services, commissions
Ecuador’s Internal Revenue Service (SRI) has issued Circular No. NAC-DGECCGC26-00000003 on 31 March 2026, clarifying the application of Value Added Tax (VAT), referred to as IVA, on financial services, commissions, and related charges. The
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IMF Spring Meetings: Oxfam Report on IMF Tax Recommendations
On 14 April 2026 at the IMF spring meetings a civil society policy forum discussed Making IMF Tax Policy Work for People. The basis for the discussion was a report published by Oxfam earlier in April 2026 analysing the tax advice given by the IMF in
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UK: HMRC publishes draft CBAM regulations covering emissions monitoring and administration
The UK’s HMRC has issued draft regulations on the carbon border adjustment mechanism (CBAM) on 9 April 2026. The draft covers the administration of the tax, including emissions, as well as the monitoring and verification of emissions data. This
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Canada to introduce temporary suspension of federal fuel excise tax
Canada’s government announced, on 14 April 2026, that it intends to introduce legislative amendments to the Excise Tax Act to temporarily suspend the application of the federal fuel excise tax on gasoline, diesel fuel, and aviation fuels by
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Italy releases multilingual VAT return forms for 2026 filing
The Italian Revenue Agency has published translated versions of its Annual VAT Return Form and related instructions for the 2026 filing season, continuing its annual effort to support taxpayers with different linguistic needs. The standard annual
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Greece updates jurisdictions for automatic exchange of CbC reports under MCAA
Greece has updated the list of jurisdictions participating in the Multilateral Competent Authority Agreement (MCAA) on the exchange of country-by-country (CbC) reports for the 2024 tax year, according to Decision No. A 1080 published in the Official
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US: Trump Administration releases 2026 Economic Report of the President
The Trump Administration announced the release of the 2026 Economic Report of the President on 13 April 2026. The Economic Report of the President is prepared annually by the Council of Economic Advisers, providing a comprehensive review of the
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India further raises windfall taxes on ATF, diesel exports amid rising global prices
India has increased windfall taxes on aviation turbine fuel (ATF) and diesel exports, following a further rise in global oil prices since the levy was first introduced on 26 March. According to notifications from the Ministry of Finance and the
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Iceland: Government approves temporary reduced VAT on fuel
Iceland’s government has approved a package of emergency economic measures to curb inflation and mitigate the impact of soaring oil prices triggered by the conflict in the Persian Gulf region. The temporary interventions, set to run from 1 May
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Paraguay: DNIT extends corporate financial statement filing deadline for FY 2025
Paraguay’s National Directorate of Tax Revenues (DNIT) announced the issuance of General Resolution DNIT No. 50/26 on 7 April 2026, which extends the submission of Financial Statements. The deadline for corporate taxpayers to submit financial
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New Zealand tightens stance in updated TP guidance, introduces thin capitalisation infrastructure exemption
New Zealand’s Inland Revenue (IR) has issued updated guidance on Transfer Pricing Documentation and Thin Capitalisation Rules on 31 March 2026, replacing earlier versions from 2025 and 2021. The transfer pricing (TP) documentation guidance
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Cyprus tax authority publishes low-tax jurisdiction list for defensive tax measures
Cyprus Tax Department issued Circular 1/2026 on 9 April 2026, which formally establishes the list of jurisdictions classified as low-tax jurisdictions for the 2026 tax year. This circular is a critical component of Cyprus's implementation of
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Greece updates jurisdictions for automatic exchange of CbC reports under MCAA
Greece has updated the list of jurisdictions participating in the Multilateral Competent Authority Agreement (MCAA) on the exchange of country-by-country (CbC) reports for the 2024 tax year, according to Decision No. A 1080 published in the Official
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Malaysia issues rules on accelerated capital allowances for e-invoicing implementation
Malaysia has gazetted the Income Tax (Accelerated Capital Allowance) (Information and Communication Technology Equipment for the Implementation of Electronic Invoice) Rules 2026 and the Income Tax (Accelerated Capital Allowance) (Development Cost
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Philippines: BIR clarifies bank acceptance rules for 2025 tax returns, payments
The Philippines Bureau of Internal Revenue (BIR) has issued Bank Bulletin No. 2026-04 on 7 April 7, 2026, which reiterates the procedures for Authorised Agent Banks (AABs) to follow regarding the 2025 Calendar Year Annual Income Tax Returns
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Australia: Treasury consults on foreign resident CGT regime reform draft bills
The Australian Treasury launched a public consultation on 10 April 2026 covering draft legislation aimed at strengthening the foreign resident capital gains tax (CGT) regime. The consultation covers two draft bills: the Treasury Laws Amendment
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