Malta to implement VAT, gaming tax reforms
The Malta Tax and Customs Administration (MTCA) and the Malta Gaming Authority (MGA) have informed stakeholders within the gaming sector of forthcoming enhancements to the Value Added Tax (VAT) and gaming tax frameworks under Maltese law, effective
See More
EU: Five member nations push for windfall tax on energy firms amid Iran war crisis
Finance ministers from Germany, Italy, Spain, Portugal and Austria sent a joint letter to the EU Commission on Friday, 4 April 2026, calling for immediate action to address the energy crisis triggered by military strikes that began on 28 February
See More
Bangladesh: NBR signals possible end to reduced RMG tax rates
Bangladesh’s National Board of Revenue (NBR) has signalled that the reduced corporate tax rates for ready-made garment (RMG) exporters may be discontinued in the 2026–27 fiscal year. NBR Chairman Abdur Rahman Khan made the remark during a
See More
Ireland adds enhanced credit for lower budget films
Ireland’s Revenue has published eBrief No. 068/26 on 30 March 2026, updating the Film Corporation Tax Credit guidance to incorporate instructions on the newly introduced enhanced credit for lower budget film productions. Tax and Duty Manual
See More
Belgium officially ends grace period for the adoption of mandatory e-invoicing
Belgium’s Federal Public Service (SPF) Finance announced, on 2 April 2026, that it had concluded its three-month grace period for mandatory electronic invoicing, which began on 1 January 2026. All VAT-registered businesses in the country must now
See More
Bangladesh: NBR to introduce year-round tax filing
Bangladesh’s National Board of Revenue (NBR) will allow taxpayers to submit Personal Income Tax (PIT) returns throughout the year, NBR Chairman Md Abdur Rahman Khan announced. The move is aimed at making the filing process more flexible and
See More
Italy clarifies R&D tax credit repayment rules under new patent box regime
The Italian Revenue Agency has issued guidance on 3 April 2026, clarifying how small and medium-sized enterprises must handle R&D tax credit repayments when switching to the new patent box incentive scheme. In Response Number 102/2026, the
See More
Belgium extends Pillar Two tax filing deadlines
Belgium’s Federal Public Service (SPF) Finance has announced, on 3 April 2026, the extension of the filing deadlines for Pillar Two minimum tax declarations. The extensions apply to both the Qualified Domestic Minimum Top-up Tax (QDMTT) and
See More
Cyprus introduces temporary zero VAT on meat, fish
The Cyprus Ministry of Finance has announced on 31 March 2026 a temporary tax relief measure that will eliminate VAT on fresh meat and fish products for six months, effective 6 April 2026 through 30 September 2026. The tax exemption applies to
See More
Poland unveils stricter oversight for large-scale investments in public finance reforms
Poland's Ministry of Finance announced on 3 April 2026 that it is implementing comprehensive reforms across budget classification, state budget management, and public investment oversight, with new legislation taking effect on 14 April 2026. The
See More
US: Trump Administration unveils FY2027 budget, proposes reduction in non-defence funding
The Trump administration unveiled its fiscal year 2027 budget proposal on 3 April 2026, featuring significant reductions to the Internal Revenue Service (IRS) alongside increased defence spending and border security priorities. The budget, set to
See More
UK: Financial Reporting Council issues guidance on generative, agentic AI in audits
The UK’s Financial Reporting Council (FRC) announced it has published guidance for audit firms on using generative and agentic AI tools in audit engagements on 30 March 2026. The guidance sets out how firms can mitigate risks to audit quality
See More
Lithuania: VMI clarifies rules for transferring tax losses within corporate groups
Lithuania's State Tax Inspectorate (VMI) has provided updated guidance for Article 56-1(1) and (9) of the Corporate Income Tax Law, applicable for calculating taxable profit for periods beginning in 2026. These provisions regulate the transfer of
See More
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
See More
Turkey issues 2026 corporate income tax guidance
Turkey’s Revenue Administration has released guidance for the 2026 corporate income tax (CIT), setting out standard and sector-specific rates, available incentives, and rules for the domestic minimum corporate tax. The guidance, published on 31
See More
Turkey drops proposed crypto transaction, gains taxes from omnibus bill
The Grand National Assembly of Turkey (TBMM) has removed all crypto asset taxation provisions from the draft omnibus law submitted on 2 March 2026. The amendment cancels the planned 0.03% transaction tax and the 10% withholding tax on crypto
See MoreTurkey issues guidance on 2025 corporate income tax returns
Turkey's Revenue Administration has issued detailed guidance on 31 March 2026 on the filing of corporate income tax (CIT) returns for the 2025 fiscal year. This guide provides comprehensive instructions for taxpayers on exemptions, income
See MoreMalta clarifies election for final income tax without imputation
Malta’s Tax and Customs Administration announced on 27 March 2026 that taxpayers opting for a final income tax without imputation must make the election through their income tax return. The authority confirmed that once exercised, the election
See More