Saudi Arabia: ZATCA urges VAT-registered businesses to file March, Q1 2026 tax returns by deadline
Saudi Zakat, Tax and Customs Authority (ZATCA) urged business sector establishments subject to VAT, with goods and service revenues exceeding SAR 40 million, to file their tax returns for the March 2026, while urging businesses whose annual supplies
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Kuwait implements CRS MCAA
Kuwait published Decree-Law No. 57 of 2026 in Official Gazette Kuwait Al-Youm, Issue No. 1787, on 19 April 2026, finalising its domestic legal framework for the OECD Common Reporting Standard (CRS) and the Multilateral Competent Authority Agreement
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Brazil: RFB consults substance-based tax incentive safe harbour rules
Brazil's Federal Revenue Service has initiated a public consultation on significant amendments to Normative Instruction RFB No. 2.228, issued on 3 October 2024. The proposed changes aim to align the country's qualified domestic minimum top-up tax
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Australia: ATO revises tax filing rules, deadlines, and deferral guidance
The Australian Taxation Office (ATO) on 16 April updated Practice Statement PS LA 2011/15, which outlines tax filing obligations, due dates, and deferral provisions. The revision expands the list of exceptional or unforeseen circumstances under
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Italy streamlines tax rules under new PNRR law
Italy’s Revenue Agency has announced that it has enacted Law no. 50 of 20 April 2026, converting Decree Law no. 19/2026, which introduces significant tax simplifications as part of the National Recovery and Resilience Plan (NRRP)
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Taiwan announces income tax filing period for 2025 returns
Taiwan’s Ministry of Finance has released a notice, on 21 April 2026, setting out the income tax return filing period for the 2025 tax year. The Ministry of Finance states that the filing period will begin on 1 May 2026. As that day is a
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Belgium enacts law for capital gains tax on financial assets, crypto
Belgium has enacted a law that introduces capital gains taxation on financial assets, effective 1 January 2026. The Act, signed into law on 6 April 2026, represents a fundamental shift in how the country taxes investment income. Progressive tax
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Argentina: Buenos Aires launches strategic investment regime with tax benefits up to 65%
The Province of Buenos Aires has introduced the Provincial Strategic Investment Regime under Law 15,510, offering substantial tax incentives to attract productive investments that strengthen the region's economy and development. Investment
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Nigeria: JRB releases Personal Income Tax Guidelines 2026
Nigeria's Joint Revenue Board (JRB) has released the Personal Income Tax Guidelines 2026 on 7 April 2026. The 2026 Personal Income Tax Guidelines established a comprehensive framework for tax compliance and administration. These regulations
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Luxembourg implements Pillar One ‘Amount B’ simplified transfer pricing rules
The Luxembourg tax administration issued Circular L.I.R. n° 56/2 – 56bis/2 on 13 April 2026, introducing a simplified and rationalised approach for applying the arm’s length principle to baseline marketing and distribution activities, referred
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Australia: ATO mandates super funds and CIVs to lodge RTP schedule for TT26
The Australian Taxation Office (ATO) announced on 21 April 2026 that from Tax Time (TT) 2026, reportable tax position (RTP) schedule obligations will apply to large APRA-regulated super funds and large collective investment vehicles (CIVs) that
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Qatar: GTA issues guidance for trusted entities on direct treaty benefit claims
Qatar’s General Tax Authority has issued a new user guide, “The Direct Application of Double Taxation Avoidance,” in connection with the newly launched “Register as a Trusted Entity” service on the Dhareeba platform. The GTA has
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Romania unveils major tax reforms and investment incentives to boost economic growth
The Romanian government published Government Emergency Ordinance (GEO) No. 8/2026 in the Official Gazette on 25 February 2026, introducing sweeping fiscal reforms designed to stimulate industrial development, attract strategic investments, and
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US: New York Governor, Mayor propose tax on luxury second homes
New York Governor Kathy Hochul and Mayor Zohran Mamdani unveiled a joint proposal on 15 April 2026 to impose a new tax on second homes valued above USD 5 million. The measure specifically targets ultra-wealthy individuals who maintain expensive
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South Africa enacts Taxation Laws Amendment Act 2026, ending VAT exemption on low-value imports
South Africa’s President has enacted the Taxation Laws Amendment Act 2026 (the Act), which abolishes the VAT exemption previously applicable to low-value imported goods. The Taxation Laws Amendment Act, 2026 (Act No. 5 of 2026) was assented to
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Cambodia issues instruction shifting VAT liability on diesel, LPG to the state
Cambodian Ministry of Economy and Finance on 3 April 2026, has issued an Instruction on the state assumption of Value Added Tax (VAT) liability for the supply of diesel fuel and LPG gas, in response to rising international market prices of diesel
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Ireland: Irish Revenue issues eBrief No. 081/26 on living city initiative guidance update
Irish Revenue has published eBrief No. 081/26 on 17 April 2026, providing new and updated guidance on the Living City Initiative. The Living City Initiative is a scheme of property tax incentives provided for in Chapter 13 of Part 10 of the Taxes
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Switzerland extends loss carryforward period after referendum deadline ends
Switzerland is introducing an extension to the loss carryforward period following the expiry of the referendum period for the implementing Federal Law on 17 April 2026. The Swiss Federal Law on Extending Loss Compensation Periods, adopted on 19
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