UN Tax Committee Discusses Transfer Pricing
On 24 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for transfer pricing during the current mandate of the Committee. The subcommittee on transfer pricing presented its planned
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UN Tax Committee Discusses the Digitalised and Globalised Economy
On 23 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams on the taxation of the digitalised and globalised economy. The relevant subcommittee presented its planned workstreams for comment and
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Taiwan: MoF extends 2026 property tax filing deadline
Taiwan’s Ministry of Finance (MoF) has announced that the 2026 property tax (tax year 115) will be levied from 1 May 2026. Taxpayers whose properties qualify for preferential tax rates or exemptions must submit applications to their local tax
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Sri Lanka: IRD mandates employee TINs in APIT annual statements
Sri Lankan Inland Revenue Department (IRD) has announced that, starting from the Year of Assessment 2025/2026, all employers registered under the Advance Personal Income Tax (APIT) scheme must include each employee’s Taxpayer Identification Number
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Taiwan: Ministry of Finance clarifies invoice rules for businesses
The Ministry of Finance clarified, on 19 March 2026, that if a business’s monthly sales do not reach TWD 200,000, it may continue to be exempt from issuing uniform invoices. Instead, business tax is levied at a fixed rate of 1%. Contrary to
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Bolivia introduces tax incentives for foreign reinvestment, updates excise duties
Bolivia has introduced tax reforms through Supreme Decree 5563 to encourage foreign investors to reinvest profits domestically and support economic growth. The decree was published in the Official Gazette on 2 March 2026 and took effect
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Australia: ATO confirms PepsiCo exempt from royalty withholding, diverted profits tax following high court rulingÂ
The Australian Taxation Office (ATO) issued a Decision Impact Statement on 19 March 2025, concerning the High Court ruling in PepsiCo Inc v Commissioner of Taxation, handed down in August 2025. Summary of decision The High Court dismissed the
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Malaysia clarifies tax rules for retail money market fund distributions
The Inland Revenue Board of Malaysia (IRBM) has released Practice Note No. 1/2026, dated 27 February 2026, outlining the tax treatment of distributions from retail money market fund (RMMF) unit trusts. The key aspects of this tax treatment are
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Russia: CBR reduces key interest rate
The Central Bank of Russia (CBR) has reduced the key interest rate from 15.5% to 15%. The CBR's key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes. This announcement was made on 20
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UK: HMRC updates CbC reporting guidance
UK’s His Majesty's Revenue and Customs (HMRC) updated its country-by-country reporting (CbCR) guidance on 17 March 2026, clarifying which entities must report, how to register and submit reports, and the process for agents seeking
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Greece: AADE issues guidance on digital transaction tax application
Greece’s Independent Authority for Public Revenue (AADE) issued Circular E. 2011 on 10 March 2026, providing detailed guidance on the application of the Digital Transaction Tax (Law 5177/2025), which replaced the Stamp Duty on 1 December
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Albania: Parliament reviews draft law to ratify multilateral instrument for Pillar two STTR
Albania’s parliament is reviewing a draft law, submitted on 9 March 2026, aimed at ratifying the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI). Albania signed the STTR MLI on 23
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Vietnam: MoF drafting new transfer pricing, taxpayer obligations, CbC reporting rules
The Vietnamese Ministry of Finance (MoF) is preparing a draft Decree on tax administration for related-party transactions of enterprises with affiliated relationships, in line with the Law on Tax Administration No. 108/2025/QH15. The new
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Mongolia announces broad tax reforms, cuts corporate tax to 15%
Mongolia’s government submitted a comprehensive tax reform package to Parliament on 30 December 2025, following extensive nationwide consultations with over 13,000 citizens and businesses throughout the year. The proposed amendments to
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UK: Finance Act 2026 receives Royal Assent
The UK’s Finance (No. 2) Bill 2025-26 was granted Royal Assent on 18 March 2026 and has now been enacted as the Finance Act 2026, introducing measures across income, corporate, and inheritance taxes, environmental levies, and tax
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US: IRS to host webinar on One, Big, Beautiful Bill business tax provisions
The US Internal Revenue Service (IRS) has scheduled a webinar for 24 March 2026 at 2 PM Eastern time to explain business tax provisions introduced under the One, Big, Beautiful Bill. Tax professionals can earn two continuing education credits for
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UN Tax Committee Discusses Extractive Industries Taxation
The 32nd session of the UN Committee of Experts on International Cooperation in Tax Matters commenced on 23 March 2026. The Committee discussed the continuing work on aspects of taxation in the extractive industries. The relevant subcommittee
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Australia gazettes 2026 global, domestic minimum tax amendment determinationÂ
Australia's government has gazetted the Taxation (Multinational—Global and Domestic Minimum Tax) (Qualified GloBE Taxes) Amendment (Measures No. 1) Determination 2026 on 20 March 2026, which amends the Taxation (Multinational—Global and Domestic
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