Lithuania introduces temporary cut in diesel excise duty
The Lithuanian Parliament has adopted amendments to the Law on Excise Duties through Law No. XV-811, signed by President Gitanas NausÄ—da on 14 April 2026, introducing a temporary reduction in the fixed component of excise duties applicable to
See More
Philippines removes excise tax on LPG, kerosene under energy emergency powers
President Ferdinand R. Marcos Jr. has removed the excise tax levied on liquefied petroleum gas (LPG) and kerosene, which took effect on 13 April 2026, as part of government measures to provide relief to Filipino households amid an ongoing energy
See More
Kenya moves introduce temporary VAT reduction on fuel amid Middle East conflict
President William Ruto has announced a KES 6.5 billion package aimed at cushioning Kenyans from high fuel prices, including a temporary reduction in Value Added Tax (VAT) on fuel products from 16% to 8% over the next three months on 16 April
See More
Uganda considers 26-27 Budget with targeted withholding taxes across key sectors
Uganda’s Parliament is considering a wide-ranging package of draft tax Bills for the 2026/2027 Budget, tabled by the government on 1 April 2026, which proposes sweeping changes across environmental levies, excise duties, VAT and income tax. The
See More
Chile unveils National Reconstruction Bill with corporate tax cut
Chile’s president, Jose Antonio Kast unveiled details of the long-awaited National Reconstruction Bill today, on 16 April 2026, a reform package that places a corporate tax cut at the centre of efforts to revive growth and promote job
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More