Kuwait tightens UBO rules with licensing conditions, new penalties
Kuwait’s Ministry of Commerce and Industry issued new measures strengthening its Ultimate Beneficial Ownership (UBO) framework through Ministerial Resolution No. (37) of 2026 on 16 April 2026. The resolution amends provisions under Ministerial
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Ireland updates guidance on CGT relief on company reconstruction, amalgamation transactions
Irish Revenue has published eBrief No. 084/26 on 22 April 2026, issuing revised guidance on Capital Gains Tax (CGT) relief for company reconstruction or amalgamation transactions. Tax and Duty Manual Part 20-01-02 explains the operation of CGT
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Russia, China sign tax cooperation memorandum
Russia's Federal Tax Service announced on 21 April 2026 that Russia and China have formalised their collaboration through a Memorandum of Understanding signed by Daniil Egorov, Head of Russia's Federal Tax Service, and Hu Jinglin, Head of China's
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Finland: Government cuts corporate tax in fiscal plan for 2027–2030
The Finnish government has announced the economic plan for the years 2027–2030 on 22 April 2026. Key measures include tax incentives for households and businesses, significant investments in infrastructure and housing, and a strategic focus on
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Italy streamlines tax rules under new PNRR law
Italy’s Revenue Agency has announced that it has enacted Law no. 50 of 20 April 2026, converting Decree Law no. 19/2026, which introduces significant tax simplifications as part of the National Recovery and Resilience Plan (NRRP)
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Italy approves synthetic indexes of tax reliability for 1.85 million taxpayers
Italy’s Revenue Agency announced on 17 April 2026 that the Ministry of Economy and Finance had published the Decree of 31 March 2026 in the Official Gazette on 16 April 2026. The decree approves a comprehensive update to 85 synthetic tax
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Portugal cuts ISP minimum fuel tax rates amid Middle East crisis
Portugal has approved a temporary reduction in the minimum unit tax rates applied to petroleum and energy products under ISP (Imposto sobre os Produtos Petrolíferos e Energéticos), in response to rising energy costs linked to the Middle East
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Canada: Government to release Spring Economic Update on 28 April 2026
Canada’s Minister of Finance and National Revenue announced on 15 April 2026 that he will table the Spring Economic Update 2026 on Tuesday, 28 April 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to
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Colombia Constitutional Court annuls emergency decree, rules on JEP, Penal Code cases
The Constitutional Court of Colombia, in Communicado 14 issued a release on 9 April 2026, delivered three rulings addressing the Special Jurisdiction for Peace (JEP), provisions of the Colombian Penal Code, and a State of Economic and Social
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Taiwan reminds suspended enterprises to file income tax returns
Taiwan’s Profit-seeking enterprises that have been approved to suspend operations in the 2025 tax year (Year 114 of the Republic of China calendar) are still required to file their income tax returns within the statutory deadline this May,
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ATAF, OECD conclude transfer pricing simplification workshops for African nations
The African Tax Administration Forum (ATAF) and the OECD have completed a new series of joint workshops to support advancing transfer pricing simplification across the African region, bringing together more than 130 participants from 17 African
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US announces 30-day tax filing relief for DHS personnel affected by shutdown
The US Department of the Treasury, in coordination with the Internal Revenue Service (IRS), has announced tax filing relief for affected personnel at the Department of Homeland Security (DHS), citing financial and administrative burdens resulting
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US: Trump Administration releases 2026 Economic Report of the President
The Trump Administration announced the release of the 2026 Economic Report of the President on 13 April 2026. The Economic Report of the President is prepared annually by the Council of Economic Advisers, providing a comprehensive review of the
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Malaysia issues rules on accelerated capital allowances for e-invoicing implementation
Malaysia has gazetted the Income Tax (Accelerated Capital Allowance) (Information and Communication Technology Equipment for the Implementation of Electronic Invoice) Rules 2026 and the Income Tax (Accelerated Capital Allowance) (Development Cost
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Argentina updates SMEs classification criteria
Argentina’s Undersecretariat for Small and Medium-Sized Enterprises announced on 1 April 2026 that has updated the classification criteria for micro, small, and medium-sized enterprises (MSMEs) through Resolution No. 1/2026 (SICYPYME), published
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US finalises rules identifying tip-receiving occupations under the One, Big, Beautiful Bill
The US Department of the Treasury and the Internal Revenue Service announced on 10 April 2026 that it issued final regulations on the “No Tax on Tips” provision. The One, Big, Beautiful Bill final regulations provide the list of occupations that
See MoreUS consults proposed regulations on new remittance transfer tax under One, Big, Beautiful Bill
The US Department of the Treasury and the Internal Revenue Service announced, on 10 April 206, that it has proposed regulations that would provide rules and definitions related to the new excise tax imposed on certain remittance transfers, also
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Brazil warns of new digital scams involving fake income tax return
Brazil’s Federal Revenue Service has issued a warning about new digital scams after receiving reports of fraudulent messages in which criminals impersonate the agency to deceive taxpayers into accessing fake links and disclosing personal
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