IMF Working Paper: Benefits of Setting Up a Large Taxpayer Office
On 20 February 2026 an IMF working paper was published with the title Who Pays When Tax Administration Improves? Revenue, Compliance, and Behavioural Responses to Georgia’s Large Taxpayer Office. The authors, J. Atsebi, M. Chikviladze, M. Das, E.
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Italy: Council of Ministers grants initial approval to consolidated income tax legislation
Italy’s Council of Ministers has given approval to a comprehensive legislative decree on 18 February 2026 that consolidates Italy's income tax laws, following a proposal by Economy and Finance Minister Giancarlo Giorgetti. This compilation
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Brazil: RFB consults February individual income tax refunds
Brazil’s tax authority, the Federal Revenue Service (RFB) has launched a public consultation for the residual batch of Individual Income Tax (IRPF) refunds on 20 February 2026. This batch includes 204,824 refunds totalling BRL 578,974,901.07,
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World Bank: Advantages of Improving Health Financing
A World Bank Brief of 15 January 2026 looked at how money is collected, managed, and spent to pay for health services. Effective health financing helps people access the healthcare they need without causing financial hardship. The financing improves
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Singapore: IRAS issues guidance on GST obligations for companies in liquidation
The Inland Revenue Authority of Singapore (IRAS) has issued a new guidance page titled GST Registered Companies Under Liquidation on 20 February 2026, designed to assist both GST-registered companies and their liquidators in understanding the GST
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Netherlands finalises Box 3 return rates, corrects tax indexation errors
The Netherlands has issued Regulation No. 2026-0000036908, published in the Official Gazette on 20 February 2026, which sets the definitive deemed rates of return for Box 3 income for 2025 and addresses previously overlooked indexation in other tax
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Greece opens Carbon Border Adjustment Mechanism (CBAM) importer licensing process
Greece’s Independent Authority for Public Revenue (AADE) announced, on 20 February 2026, that the importer licensing process for the Carbon Border Adjustment Mechanism (CBAM) is open until 31 March 2026, as Greece accelerates preparations for the
See MoreIMF Recommends Tax and Spending Reforms for Germany
On 12 February 2026 the IMF issued a report following consultations with Germany under Article IV of the IMF’s articles of agreement. The economic shocks in recent years and weak underlying productivity growth contributed to two years of negative
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Czech Republic consults electronic sales recording reinstatement, tax measures for hospitality sector
The Czech Ministry of Finance has submitted a draft law for consultation that would introduce an updated electronic sales recording system (EET 2.0) from 1 January 2027. Drawing on experience from the previous system and reflecting advances in
See MoreIMF Report Recommends Tax and Spending Reforms for Australia
On 15 February 2026 the IMF issued a report following consultations with Australia under Article IV of the IMF’s articles of agreement. Economic growth increased to 2.1%, year on year, in the third quarter of 2025, as private demand recovered,
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Ireland outlines long-term approach to R&D tax incentives
Ireland’s Department of Finance has released the Research and Development Tax Credit and Innovation Compass on 16 February 2026, setting out the work completed in 2025 to review the R&D tax credit regime and related innovation supports. The
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IMF Report Looks at the Fiscal Policy of Japan
On 17 February 2026 the IMF issued a report following consultations with Japan under Article IV of the IMF’s articles of agreement. The report notes that Japan’s economic growth has been resilient following the global economic shocks, but this
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ATAF issues technical note on global minimum tax side-by-side package
The Africa Tax Administration Forum (ATAF) has released a technical note on 6 February outlining changes to the Global Minimum Tax (GMT) known as the "Side-by-Side Package," which details the package components and ATAF's stance on related safe
See MoreIMF Recommends Tax and Social Security Reforms in China
On 18 February 2026 an IMF Country Focus was published, generally based on the report issued by the IMF following consultations with China under Article IV of the IMF’s articles of agreement. China’s economy has remained resilient through
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UN: Discussion of Protocol on Dispute Prevention and Resolution
In February 2026 the intergovernmental negotiating committee (INC) continued discussions on the UN Framework Convention on International Tax Cooperation, looking at the early Protocol on tax dispute resolution. Dispute resolution
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US: FinCEN exempts financial institutions from repeatedly verifying beneficial owners
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to covered financial institutions from certain requirements under FinCEN’s Customer Due Diligence Requirements for
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Congo adopts 2026 finance law
The Democratic Republic of the Congo’s Ministry of Budget has issued an official circular outlining the adoption of Finance Law n° 25/060 for the 2026 fiscal year. The document establishes comprehensive protocols for public financial
See MoreGreece extends mandatory e-invoicing deadline for large enterprises
Greece’s Ministry of National Economy & Finance and the Independent Authority for Public Revenue (AADE), on 17 February 2026, have extended the deadlines for the implementation of mandatory electronic invoicing for large enterprises included
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