Romania: MoF launches blockchain-based fiscal receipt system to combat tax fraud
Romania’s Ministry of Finance, in a press release on 26 February 2026, announced that it is rolling out BF-CHAIN, an innovative project using blockchain technology to revolutionise how fiscal receipts from electronic cash registers are managed and
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Singapore: GST e-invoicing mandatory for all businesses by 2031, phased rollout begins 2028
The Inland Revenue Authority of Singapore (IRAS) announced, on 26 February 2026, plans to extend the GST InvoiceNow requirement to all GST-registered businesses by April 2031. The move, revealed during the Ministry of Finance Committee of Supply
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US: IRS introduces online portal for reporting tax scams
The US Internal Revenue Service (IRS) announced the launch of a new web page on 26 February 2026 that allows taxpayers to confidentially report suspected tax fraud, scams, evasion, or other tax-related illegal activities, as well as internal-facing
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Qatar: GTA warns against fraudulent messages impersonating the authority
Qatar’s tax authority, the General Tax Authority (GTA), in a press release on 25 February 2026, has warned of fraudulent messages on 25 identified as being circulated via email and text messages, impersonating the Authority and containing
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Taiwan reminds taxpayers to report auctioned property
Taiwan’s Southern District National Taxation Bureau of the Ministry of Finance has clarified that individuals whose real estate is auctioned by the court are required to report the transaction for consolidated housing and land tax, even if no
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France updates 2026 rates for flat-rate tax on network enterprises
The French government has updated the rates for the flat-rate tax on network enterprises (IFER) for the 2026 tax year. This announcement was made on 25 February 2026. Under Section II of Article 1635-0 quinquies of the General Tax Code (CGI),
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Colombia sets guidelines for importation of single-use plastics
Colombia’s Ministry of Environment and Sustainable Development, together with the National Tax and Customs Directorate (DIAN), issued guidelines on 26 February 2026, clarifying the application of the national tax on imported single-use plastic
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IMF press briefing on US economy looks at tax and trade issues
On 25 February 2026 the IMF held a press briefing to discuss the issues raised by the article IV report on the US economy. The IMF emphasised that the US economy will continue to grow strongly in 2026 and 2027. US private sector entrepreneurs and
See MoreIMF Report on US Recommends Tax and Duty Changes
On 25 February 2026 the IMF issued a report following consultations with the US under Article IV of the IMF’s articles of agreement. The IMF notes that the US economy performed well in 2025 and economic growth reached 2.2% by the end of 2025.
See MoreIMF Country Focus Examines Canada’s Internal Barriers to Trade
On 27 January 2026 an IMF Country Focus looked at opportunities for Canada to increase growth by removing internal barriers to trade. The Country Focus with the title Canada Can Grow Faster by Unlocking Its Own Market, written by F Diez and Y. Yang,
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Nigeria: NRS expands mandatory e-invoicing rollout to medium and emerging taxpayers
The Nigeria Revenue Service (NRS) has announced the continuation of the phased rollout of its E-Invoicing and Electronic Fiscal System (EFS), also known as the Merchant Buyer Solution (MBS), to Medium and Emerging Taxpayers. In a notice issued on
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Taiwan extends mobile payment tax incentives for assessed businesses through 2028
Taiwan’s Ministry of Finance has amended and reissued its “Operational Guidelines for Tax Incentives Applicable to Assessed Taxpayers Using Mobile Payments and Multimedia Information Service Machines (KIOSKs)” as part of ongoing efforts to
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Honduras launches tax amnesty programme to clear outstanding fiscal debts
The government of Honduras has announced a temporary Tax Amnesty programme on 13 February 2026 aimed at helping taxpayers resolve outstanding fiscal debts and administrative obligations. The relief window opened on 13 February 2026 and will
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Colombia imposes temporary corporate wealth tax for disaster relief
The Colombian government issued Decree 0173 on 24 February 2026, introducing a temporary wealth tax to finance the response to a severe climatic emergency. The tax applies to corporations with tax net equity equal to or exceeding USD 2.9 million as
See MoreTaiwan warns online sellers to issue invoices, pay business tax
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance stated that businesses required to use uniform invoices must issue them in accordance with regulations when operating multiple member accounts or online stores on
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Taiwan: Online sellers must register once sales hit tax threshold
Taiwan’s Northern District National Taxation Bureau of the Ministry of Finance has announced that, in accordance with the Ministry of Finance Order Tai-Cai-Shui No. 10904512340 dated 31 January 2020, individuals who sell goods or services online
See MoreTaiwan: Tax Bureau applies seizures, detention for asset concealment
Taiwan’s National Taxation Bureau of the Northern Area, Ministry of Finance has reinforced that taxpayers who evade tax enforcement by concealing or transferring assets may face provisional seizures and detention under the law. This
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Turkey introduces 5% tax reduction for compliant taxpayers
Turkey’s Tax Administration has issued guidance on a 5% tax reduction available to compliant taxpayers for the 2026 filing period. The incentive applies to individuals earning business, agricultural, or professional income, as well as most
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