Singapore introduces form for waiver of shareholding test on unutilised items
Singapore’s Inland Revenue Authority of Singapore (IRAS) has introduced FormSG for Waiver of Shareholding Test Applications, alongside updated guidance on the treatment of Unutilised Items, including capital allowances, trade losses, and
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Sri Lanka: IRD postpones implementation of VAT on non-resident e-services
Sri Lankan Inland Revenue Department has issued SEC/PN/VAT/2026-02 on 31 March 2026, notifying taxpayers of a further delay in the implementation of Value Added Tax (VAT) on services supplied through electronic platforms by non-resident service
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France: Tax Authorities issue guidance on reduced electricity excise rates
France’s tax administration has issued guidance on the application of lower electricity excise duty following the enactment of 2026 Finance Act. Published on 1 April 2026, the guidance explains how Article 71 of Law No. 2026-103 should be
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Ireland updates DAC6 cross-border tax arrangement guidance
Ireland’s Revenue Commissioners published eBrief No. 067/26 on 30 March 2026, updating guidance on the application and operation of DAC6. DAC6 mandates reporting of cross-border tax arrangements showing specific "hallmarks" of potential tax
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Pakistan: FBR publishes draft guidelines for e-invoicing integration for businesses
Pakistan’s Federal Board of Revenue (FBR) has issued the draft notification S.R.O. 288(I)/2026 on 18 February 2026, which proposes a comprehensive framework for the online integration of businesses. This framework requires "integrated
See MoreSri Lanka introduces new tax invoice format under VAT reform
Sri Lanka has rolled out a new standardised format for tax invoices as part of its ongoing Value Added Tax (VAT) modernisation efforts, with the changes now set to take effect from 1 April 2026. The new invoice requirements were officially
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India: CBDT grants GAAR (general anti-avoidance rule) relief for pre-April 2017 investments
India’s Central Board of Direct Taxes (CBDT) has released Notification 54/2026 and Notification 55/2026, introducing amendments to the Income Tax Rules, 1962 and 2026, concerning the application of the general anti-avoidance rule (GAAR) on income
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Greece joins multilateral competent authority agreement on the exchange of GloBE information (GIR MCAA)Â
Greece joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 18 March 2026, according to an OECD update published on 31 March 2026. The GIR MCAA is a global multilateral agreement developed by
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Ghana mandates fiscal electronic devices (FEDs) under new VAT framework
Ghana has introduced the Value Added Tax Act, 2025 (Act 1151), replacing the previous VAT Act (Act 870) with a modernised framework that mandates the use of Fiscal Electronic Devices (FEDs) in VAT administration. Under the new legislation,
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EU: EU Customs Authority (EUCA) to be headquartered in Lille, FranceÂ
The European Commission and the European Parliament reached an agreement on 25 March 2026 to establish the new EU Customs Authority (EUCA) in Lille, France. The Commission received nine applications from Member States looking to host EUCA. It
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US: IRS published guidance on faster refund processing, CP53E notice actions for 2026 filing season
The US Internal Revenue Service (IRS) in a release on 2 April 2026 noted that it continues to deliver excellent service to taxpayers during the 2026 filing season with the rise in tax refunds, the smooth pace at which taxpayers are getting their
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Cyprus: DAC 8 crypto reporting rules enters into force
The Cyprus Tax Department announced on 2 April 2026Â that the Administrative Cooperation in Taxation Law (Amendment) of 2026 (DAC8) officially entered into force on 1 January 2026, introducing new reporting obligations for cryptocurrency service
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Hong Kong introduces e-filing of hotel accommodation tax returns
The Hong Kong Inland Revenue Department (IRD) has introduced electronic completion and filing of Hotel Accommodation Tax returns, effective 1 April 2026. In addition to the existing paper returns, starting from 1 April 2026, hotels may choose to
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Poland issues 2025 CRS reportable jurisdictions list for financial account information exchange
Poland announced, on 27 March 2026, details the specific nations and territories subject to tax information reporting requirements for the year 2025. The decree facilitates the automated exchange of financial data under the Common Reporting Standard
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Qatar: GTA introduces excise tax warehouse licensing service
Qatar’s General Tax Authority (GTA) announced on 1 April 2026 that it intends to launch the excise tax warehouse licensing service as part of its efforts to enhance the implementation of excise tax and streamline related procedures. This
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Romania introduces temporary excise duty cut to diesel, introduces oil solidarity taxÂ
Romania’s Ministry of Finance has unveiled emergency measures on 2 April 2026 to shield consumers from surging fuel costs triggered by rising hostilities in the Middle East and global oil supply disruptions. Starting immediately upon the
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Germany to cut air travel tax from July 2026
Germany’s federal government has agreed to reduce the air travel tax, lowering rates for short-, medium-, and long-haul flights from 1 July 2026. The move is intended to strengthen the aviation sector and enhance Germany’s position as an
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Korea (Rep.) expands temporary fuel tax cuts amid Middle East conflict
Korea (Rep.) will increase its temporary fuel tax reductions to ease costs amid the Middle East conflict, the finance ministry said Thursday 2 March 2026. Gasoline taxes will rise from a 7% cut to 15%, and diesel from 10% to 25%. The measure,
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