Singapore: IRAS updates GST guidance for construction services
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on Goods and Services Tax (GST) for construction services, introducing a new video to clarify key rules for the industry on 18 March 2026. The video covers general GST
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Taiwan clarifies only full-time personnel qualify as eligible expenditure for R&D tax credit
Taiwan’s Ministry of Finance issued a notice on 16 March 2026, clarifying that only full-time personnel fully dedicated to R&D activities qualify as eligible expenditure for investment tax credits. To advance industrial innovation and
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UAE offers 50% non-refundable credit in first phase of R&D tax incentives programme
The UAE has launched Phase 1 of its Research and Development (R&D) Tax Incentives Programme, aimed at strengthening the country’s innovation ecosystem and supporting sustainable economic growth. Under the initial phase, businesses can claim
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EU Commission presents proposal for single set of corporate rules (28th company regime)
The European Commission, on 18 March 2026, presented its proposal and a dedicated FAQ page for EU Inc., a new single set of corporate rules, building the cornerstone and starting point for the EU's 28th regime. EU Inc. is an optional,
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Bulgaria joins OECD tax assurance programme
The OECD has announced, on 17 March 2026, that Bulgaria has joined the International Compliance Assurance Programme (ICAP), bringing the total number of participating countries to 24. ICAP is a voluntary programme designed to enable multinational
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UAE: FTA clarifies excise tax treatment of natural shortages in designated zones
The UAE Federal Tax Authority (FTA) has issued Excise Tax Public Clarification EXTP014, updating and replacing EXTP011, to clarify the treatment of Natural Shortage of excise goods within Designated Zones (DZs). The clarification defines
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Slovak Republic mandates e-invoicing for B2B transactions from 2027
The Slovak Republic's Financial Administration has published detailed guidance addressing the practical implementation of mandatory electronic invoicing (eFaktura), which will require businesses to adopt the system for domestic B2B and B2G
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Norway advances digital bookkeeping, e-invoicing mandate for businesses
Norway's Ministry of Finance is introducing legislation that will require all businesses to adopt digital accounting systems and electronic invoicing, according to a follow-up letter on 16 March, 2026. This follows recommendations from the Tax
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UK: HMRC consults business systems integration to simplify record-keeping
The UK tax authority (HMRC) launched a consultation on 12 March 2026, inviting input on business systems integration and ways to simplify record-keeping for businesses. The purpose of the consultation is to gather insights from businesses,
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Hong Kong schedules readings of 2026 inland revenue amendment bill, Stamp Duty Amendment Bill
The Hong Kong Inland Revenue Department has introduced the Inland Revenue (Amendment) (Tax Concessions, Concessionary Deductions and Allowances) Bill 2026 for their first and second readings in the Legislative Council today, 18 March 2026. The
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Italy to revise 2026 budget law delaying import fee, clarifying VAT rules, easing hyper-depreciation criteria
Italy’s Ministry of Economy and Finance announced on 12 March 2026 that it will soon issue legislative changes to the 2026 Budget Law (Law No. 199 of 30 December 2025), targeting key aspects of tax and customs policy. The planned changes will
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Bosnia and Herzegovina tightens TIN registration rules with debt checks, stricter relocation procedures
The Federation of Bosnia and Herzegovina (FBiH) has introduced updated rules governing the registration and assignment of tax identification numbers (TINs), strengthening oversight of new business registrations and corporate restructuring. The
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Taiwan: MoF clarifies penalties for CFC based salary concealment
Taiwan’s Ministry of Finance (MoF) has released a notice 16 March 2026, outlining penalties for cases where employee salary income in Taiwan is concealed through Controlled Foreign Corporations (CFCs) that have no substantive operations. To
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Malawi doubles VAT threshold, introduces digital services tax in 2026-27 budget policy statement
Malawi’s Minister of Finance, Economic Planning and Decentralisation has presented the 2026-27 Budget Policy Statement to the National Assembly of Malawi. On 27 February 2026. Framed under the theme of "Driving Economic Recovery and Sustainable
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Italy: Revenue Agency clarifies POS-cash register linking requirements under 2025 budget law
The Italian Revenue Agency has provided detailed guidance on the mandatory connection between point-of-sale (POS) devices and electronic cash register systems, effective from 1 January 2026. This requirement, introduced by the 2025 Budget Law,
See MoreUK expands CCL exemptions for hydrogen, soda production
The UK has amended its Climate Change Levy (CCL) rules with the introduction of the Climate Change Levy (Fuel Use and Recycling Processes) (Amendment) Regulations 2026, made on 11 March 2026 and effective from 12 March 2026. The regulations
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UK: HMRC consults expansion of Uncertain Tax Treatment (UTT) regime
The UK’s HM Revenue & Customs (HMRC) initiated a public consultation, on 12 March 2026, regarding the expansion and improvement of the Uncertain Tax Treatment (UTT) regime, under which large in-scope taxpayers must inform HMRC of any uncertain
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US: JEC brief outlines economic benefits of border adjustment reforms for American consumers, businesses
The US Joint Economic Committee (JEC) released a brief entitled ‘Border Tax Adjustment Would Curtail Profit Shifting and Provide Other Benefits, With Limited Transition Effects’ on 11 March 2026, which outlines the economic case for moving from
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