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,
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UK 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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Romania includes investment attraction programmes in 2026 budget
Romania’s Ministry of Finance has published the draft consolidated budget for 2026 on 10 March 2026, emphasising fiscal responsibility while maintaining record public investment levels and extensive utilisation of European funds to support
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US: IRS updates tax withholding estimator to incorporate new legislative changes
The US Internal Revenue Service (IRS) unveiled enhancements to the IRS Tax Withholding Estimator on 12 March 2026 to reflect changes to credits and deductions under the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, and
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Turkey updates special consumption tax rates for petroleum products
Turkey’s Tax Administration has issued revised Special Consumption Tax (SCT) rates for certain petroleum products, following the reinstatement of the fuel price stabilisation mechanism. The decision, based on Presidential Decision No. 10995 of 4
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US: Treasury issues list of nations obliged to comply with international boycottÂ
The US Department of the Treasury issued a Federal Register notice on 11 March 2026 identifying countries that may mandate participation in international boycotts. The designated nations are Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria,
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Australia: ATO announces GIC, SIC rates for Q4 2025-26
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the fourth quarter of the 2025-26 income year on 6 March 2025. For the quarter commencing on 1 April 2026, the
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IMF Country Focus: How China’s Economy Can Achieve Consumption-led Growth
On 18 February 2026 an IMF country focus with the title How China’s Economy Can Pivot to Consumption-led Growth, written by D. Garcia-Macia, S. Jain-Chandra, S. Kothari and Y. Xu, looked at way in which China could stimulate domestic
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UN: 32nd Session of Committee of Experts on Tax Cooperation
The 32nd session of the UN Committee of Experts on International Cooperation in Tax Matters is to be held from 23 to 26 March 2026. A provisional agenda has been issued, which includes the following topics: UN Model Tax Convention Work on the
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Singapore: IRAS updates tax guidance for platform workers
Singapore’s Inland Revenue Authority has released updated guidance on the tax obligations of platform workers. This includes: Basic guide for platform workers The basic guide serves as a checklist for platform workers, including
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Cameroon mandates real-time electronic invoicing under 2026 Finance Law
Cameroon has introduced mandatory electronic invoicing requirements through its 2026 Finance Law, advancing the country's digital tax administration framework and implementing continuous transaction controls (CTC). All taxpayers must now issue
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EU updates tax blacklist: Turks and Caicos, Vietnam added; Fiji, Samoa, Trinidad and Tobago removed
The Council of the European Union has published Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes (C/2026/1465) in the Official Journal of the EU on 6 March 2026. The revised list of non-cooperative tax
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Cambodia: GDT sets market interest rates for related-party loans
Cambodia’s General Department of Taxation (GDT) has issued Notification No. 5097 GDT, establishing market interest rates for related-party and employee loans for 2025. Under Instruction No. 11946 GDT dated 21 August 2018, which covers
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France updates 2026 rent, tenant income ceilings for property investment incentives
France’s tax authorities have released the 2026 rent and tenant income ceilings for rental property investment schemes on 10 March 2026. From 1 January 2026, properties must be rented within the set ceilings, and tenants’ incomes must meet
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Taiwan introduces enhanced SME tax deductions for hiring, salary increases
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance announced that, effective 1 January 2024, small and medium-sized enterprises (SMEs) that hire at least two additional domestic grassroots employees aged 24 or below, or
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