China: Instant tax refunds boost tourist spending
China's instant tax refunding service for overseas visitors, launched in April 2025, has significantly boosted inbound consumption with the rapid growth of business volume. Over the past year, the number of travelers applying for instant tax
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Bolivia: SIN advances digital tax transformation 3.0 through regional collaboration
Bolivia's National Tax Service (SIN) announced on 18 May 2026 that it has reinforced its commitment to digital modernisation following its participation in a major regional gathering focused on transforming tax administration across the
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UK: HMRC consults on draft rules for IHT treatment of unused pension funds
The UK’s His Majesty’s Revenue and Customs (HMRC) has opened a consultation on 18 May 2026 about the draft regulations designed to support the application of inheritance tax (IHT) to unused pension funds. This technical consultation seeks
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Belgium releases FAQs about the new e-invoicing rules
Belgium’s tax authorities have updated the FAQs about e-invoicing. As of July 2025, Belgian businesses are required to send and receive invoices electronically. This follows the announcement by Belgium’s Federal Public Service (SPF) Finance
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OECD issues new guidance on Pillar Two global minimum tax compliance
The OECD has released crucial administrative guidance to help multinational corporations navigate the complex filing requirements of the Pillar Two Global Minimum Tax, addressing concerns about meeting the upcoming 30 June 2026 deadline. Under
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Nigeria: NRS announces the implementation of taxpayer identification (Tax ID)
The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), in a press release on 18 May 2026, has notified the public of the implementation of the Taxpayer Identification (Tax ID), in line with Sections 6, 7 and 8 of the
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Romania simplifies RO e-Invoice system for small businesses, individuals
Romania’s Ministry of Finance announced on 18 May 2026 that it has supported an amendment adopted in the Budget-Finance Committee of the Chamber of Deputies, which simplifies the rules for using the RO e-Invoice system. The amendment, which
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Taiwan: Tax Bureau clarifies residence day rules for foreign taxpayers
Taiwan’s Beidou Office, National Taxation Bureau of the Central Area, Ministry of Finance, reminds foreign taxpayers that the number of days of residence in Taiwan is calculated based on the entry and exit stamps in their passports or the
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South Africa consults Customs Act amendments
The South African Treasury has released draft amendments on 15 May 2026 for public comment under the Customs and Excise Act, 1964, relating to the repeal of the environmental levy on electricity, following the removal of the electricity levy
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New Zealand: Labour party pledges to scrap fuel excise tax increase
The New Zealand Labour Party has announced that it would reverse the National Government’s planned fuel excise tax increase, citing rising fuel costs and ongoing cost-of-living pressures on households and businesses. The announcement was made on
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UK introduces phased mandatory registration for tax advisers from May 2026
UK’s HM Revenue and Customs (HMRC) has announced the introduction of a mandatory registration requirement for tax advisers, with implementation beginning on 18 May 2026. The new requirement, known as Modernising and Mandating Tax Adviser
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Ukraine updates military levy rules, extends duration, clarifies budget allocation
Ukraine has published Law No. 4835-IX on 15 April 2026 in the Official Gazette, amending the Tax Code of Ukraine in relation to the collection and duration of the military levy. Extended application period The law revises paragraph 16-1 of
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US: Tax refunds fuel retail sales surge, but inflation threatens to stall spending
US retail sales posted a solid gain for the third consecutive month in April 2026, though economists warn that rising inflation and depleted savings could dampen consumer spending in the coming months. According to the Commerce Department's
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Taiwan: Tax bureau sets deadlines for R&D, innovation investment tax credits
Taiwan’s Southern Area National Taxation Bureau of the Ministry of Finance, stated that in order to encourage companies to invest resources in R&D, transformation, and innovation activities, and to accelerate intelligentisation,
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Kenya: KRA announces new market rates for fringe benefit tax, non-resident loans for April to June 2026
Kenya’s revenue authority (KRA) released a public notice on 10 April 2026 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans for April, May, and June 2026. The
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France publishes updated list of tax treaties modified under OECD MLI
The French tax authorities (FTA) published a new annex BOI-ANNX-000511 on 29 April 2026 listing 68 tax treaties concluded by France that have been modified by the OECD’s Multilateral Instrument (MLI), under the OECD Base Erosion and Profit
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Sweden proposes additional temporary petrol, diesel tax cut to ease fuel prices
The Swedish Ministry of Finance has submitted a draft bill proposing a further temporary reduction of tax on petrol and diesel in response to rising fuel prices, with the measure set out in memorandum Fi2026/01131 published on 13 May 2026. The
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Norway announces revised 2026 national budget, proposes higher pension and fuel tax relief
Finance Minister Jens Stoltenberg has unveiled Norway's Revised National Budget for 2026, emphasising economic stability amid global uncertainties. With ongoing trade tensions and conflict in the Middle East creating volatility, the government has
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