Colombia: Constitutional Court suspends temporary electricity levy
Colombia's Constitutional Court announced on 6 February 2026 that Legislative Decree No. 0044 of 21 January 2026, which introduced a temporary parafiscal levy of 2.5% on electricity generation companies serving domestic households and required
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Thailand: Revenue Department raises SME tax deduction for digital investments
The Thai Revenue Department issued Royal Decree No. 802 on 10 February 2026, granting higher tax deductions for SMEs investing in digital tools and services. Under the decree, SMEs can claim an additional 100% deduction, bringing the total
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UK: HMRC launches CBAM policy paper, draft legislation for consultation
The UK’s tax authority (HMRC) has released a policy paper outlining its approach to the carbon border adjustment mechanism (CBAM) on 10 February 2026. The Carbon Border Adjustment Mechanism (CBAM) legislation and guidance is being developed in
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OECD publishes updated peer review on BEPS Action 5 preferential tax regimes
The OECD has released the peer review results from the Forum on Harmful Tax Practices, examining preferential tax regimes and low-tax jurisdictions under BEPS Action 5, on 12 February 2026. The reviews, approved by the OECD/G20 Inclusive Framework
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US: IRS introduces upgrades to tax pro account for professional firms
The Internal Revenue Service announced on 9 February 2026 a new expansion of Tax Pro Account, introducing business-level digital capabilities for tax professionals who work in tax-preparation companies, accounting firms, or other
See MoreOECD: Montenegro, Oman, Panama, Peru, Rwanda, and Uruguay sign CARF MCAA, Addendum to CRS MCAA
According to an OECD update, Montenegro, Oman, Panama, Peru, Rwanda, and Uruguay signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) and the Addendum to
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Singapore: 2026 budget proposes short-term corporate tax relief, longer-term structural reforms
Singapore's Prime Minister and Minister for Finance, Lawrence Wong, has delivered the FY2026 Budget Statement in Parliament on 12 February 2026, setting out a package of measures aimed at supporting businesses amid cost pressures while advancing
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ICC: Economic Impact of UN Model Article 12AA on Cross-Border Services
A report released by the International Chamber of Commerce (ICC) on 3 February 2026 assesses the potential economic impact of the new UN Model Article 12AA on taxation of cross-border services. The new services article was designed to strengthen
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WHO: Report on Taxes on Sugar Sweetened Beverages
On 13 January 2026 the World Health Organisation (WHO) released the Global Report on the Use of Sugar-Sweetened Beverage Taxes 2025. The report looks at taxes applied to sugar-sweetened beverages (SSBs) in 2024 at the global level. The report
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WHO: Global Report on the Use of Alcohol Taxes 2025
On 13 January 2026 the World Health Organisation (WHO) released the Global Report on the Use of Alcohol Taxes 2025. The report looks at the taxes applied to alcoholic beverages in 2024, compares their design and measures tax levels across countries
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Turkey clarifies tax rules for inflation-adjusted investment accounts
Turkey’s Ministry of Treasury and Finance has issued a new Tax Procedure Law Circular (VUK-196/2026-2) on 9 February 2026, outlining how inflation adjustment differences in the Investments-in-Progress account will be treated for tax
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Spain extends select depreciation incentives, higher simplified VAT threshold through 2026
Spain issued Royal Decree-Law 2/2026 on 3 February 2026, reintroducing several measures that had been extended under the now-repealed Royal Decree-Law 16/2025 of 23 December 2025. Housing and eviction protections Eviction Suspension:
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EU parliament draft report calls for financial sector VAT reform to address market distortions
The European Parliament's Committee on Economic and Monetary Affairs has released a draft report on 2 February 2026 proposing a unified approach to taxing the EU's financial sector. The document places particular emphasis on revising the VAT
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OECD introduces manual on mutual agreement procedures via technical webinar
The OECD hosted a technical webinar on the revised Manual on Effective Mutual Agreement Procedures (MEMAP) on 10 February 2026, in support of the broader focus of the BEPS Inclusive Framework and the Forum on Tax Administration (FTA) on improving
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Ireland: Irish Revenue updates RCT guidance in eBrief No. 032/26
Irish Revenue has released eBrief No. 032/26 on 4 February 2026, announcing updates to its Tax and Duty Manuals (TDMs) relating to Relevant Contracts Tax (RCT). RCT is a withholding tax that applies to specific payments made by principal contractors
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South Africa: SARS clarifies interest deductibility on loan-funded preference share redemption
The South African Revenue Service (SARS) published Binding Private Ruling (BPR) 424 on 6 February 2026, setting out its view on the deductibility of interest incurred on loan funding used to redeem preference shares and to settle current or
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Colombia: SIC updates corporate integration fees for 2026
The Colombian Superintendence of Industry and Commerce (SIC) has announced revised corporate integration fees for 2026, covering mergers, acquisitions, and other corporate integration processes. The adjustments, outlined in Resolution No. 40806
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Sri Lanka: IRD reminds bookmakers to pay increased levy on January collections
Sri Lanka’s Inland Revenue Department (IRD) has issued a reminder to taxpayers carrying on the business of bookmakers and gaming to make the Levy payment on the gross collection for January 2026 on or before 7 February 2026. Under the current
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