Romania: MoF approves draft ANAF order on health insurance contribution recalculation
The Romanian Ministry of Finance (MOF) has issued an approval report on the draft order of the President of the National Agency for Fiscal Administration (ANAF) concerning the automatic recalculation, by the tax authority, of the health insurance
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Romania: Finance Ministry expands pre-filled tax data access for single tax return
Romania’s Ministry of Finance has expanded access to pre-filled tax data for the Single Tax Return (D212), aiming to simplify taxpayers’ interactions with the tax administration. From 9 April 2026, reports containing pre-filled information
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Poland proposes major reforms in CIT Act, targets hidden dividends and minimum tax rules
Poland has announced a law on 16 March 2026 that proposes sweeping changes to the Corporate Income Tax (CIT) Act, targeting business definitions, expense deductibility, and specialised tax regimes. These changes aim to refine definitions, introduce
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India: Tax collection assistance MoU with Japan takes effect for requests filed from 8 July 2025
India’s Ministry of Finance has confirmed that the Memorandum of Understanding (MoU) with Japan on assistance in the collection of taxes will apply to any request submitted on or after 8 July 2025. The MoU, signed in Tokyo on 30 June 2025 and
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EU Commission consults revision of e-invoicing directive
The European Commission has launched a public consultation on 18 March 2026 on the revision of Directive 2014/55/EU on electronic invoicing in public procurement, inviting stakeholders to provide feedback on possible measures to update the current
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Singapore: IRAS approves excluded entity status for company A
The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 5/2026 on 1 April 2026, clarifying the criteria for a company to qualify as an "excluded entity" under Section 10L of the Income Tax Act 1947. This status is
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Switzerland: FTA updates overview of tax treaty effects with Brazil
The Swiss Federal Tax Administration (FTA) released a revised overview on 26 March 2026, detailing the impact of the tax treaty with Brazil. The update incorporates two key modifications to Brazil’s domestic withholding tax rules, effective from 1
See MoreEU: Five member nations push for windfall tax on energy firms amid Iran war crisis
Finance ministers from Germany, Italy, Spain, Portugal and Austria sent a joint letter to the EU Commission on Friday, 4 April 2026, calling for immediate action to address the energy crisis triggered by military strikes that began on 28 February
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Bangladesh: NBR signals possible end to reduced RMG tax rates
Bangladesh’s National Board of Revenue (NBR) has signalled that the reduced corporate tax rates for ready-made garment (RMG) exporters may be discontinued in the 2026–27 fiscal year. NBR Chairman Abdur Rahman Khan made the remark during a
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Ireland adds enhanced credit for lower budget films
Ireland’s Revenue has published eBrief No. 068/26 on 30 March 2026, updating the Film Corporation Tax Credit guidance to incorporate instructions on the newly introduced enhanced credit for lower budget film productions. Tax and Duty Manual
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Belgium officially ends grace period for the adoption of mandatory e-invoicing
Belgium’s Federal Public Service (SPF) Finance announced, on 2 April 2026, that it had concluded its three-month grace period for mandatory electronic invoicing, which began on 1 January 2026. All VAT-registered businesses in the country must now
See MorePoland unveils stricter oversight for large-scale investments in public finance reforms
Poland's Ministry of Finance announced on 3 April 2026 that it is implementing comprehensive reforms across budget classification, state budget management, and public investment oversight, with new legislation taking effect on 14 April 2026. The
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US: Trump Administration unveils FY2027 budget, proposes reduction in non-defence funding
The Trump administration unveiled its fiscal year 2027 budget proposal on 3 April 2026, featuring significant reductions to the Internal Revenue Service (IRS) alongside increased defence spending and border security priorities. The budget, set to
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UK: Financial Reporting Council issues guidance on generative, agentic AI in audits
The UK’s Financial Reporting Council (FRC) announced it has published guidance for audit firms on using generative and agentic AI tools in audit engagements on 30 March 2026. The guidance sets out how firms can mitigate risks to audit quality
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Turkey drops proposed crypto transaction, gains taxes from omnibus bill
The Grand National Assembly of Turkey (TBMM) has removed all crypto asset taxation provisions from the draft omnibus law submitted on 2 March 2026. The amendment cancels the planned 0.03% transaction tax and the 10% withholding tax on crypto
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Singapore introduces form for waiver of shareholding test on unutilised items
Singapore’s Inland Revenue Authority of Singapore (IRAS) has introduced FormSG for Waiver of Shareholding Test Applications, alongside updated guidance on the treatment of Unutilised Items, including capital allowances, trade losses, and
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Pakistan: FBR publishes draft guidelines for e-invoicing integration for businesses
Pakistan’s Federal Board of Revenue (FBR) has issued the draft notification S.R.O. 288(I)/2026 on 18 February 2026, which proposes a comprehensive framework for the online integration of businesses. This framework requires "integrated
See MoreEU: EU Customs Authority (EUCA) to be headquartered in Lille, FranceÂ
The European Commission and the European Parliament reached an agreement on 25 March 2026 to establish the new EU Customs Authority (EUCA) in Lille, France. The Commission received nine applications from Member States looking to host EUCA. It
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