Colombia introduces extraordinary taxes to fund flood relief
Colombia has issued Decree No. 0240 of 12 March 2026, implementing new and revised tax measures to finance the state of emergency declared under Decree No. 0150 of 11 February 2026 in response to catastrophic floods and extreme weather earlier this
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Sweden proposes temporary fuel tax cuts to offset rising prices
The Swedish Ministry of Finance has proposed a temporary reduction in energy taxes on petrol and diesel to the minimum levels allowed under the EU Energy Taxation Directive (2003/96) for the period 1 May to 30 September 2026 as a result of the
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Australia: ATO updates monthly foreign exchange rates for the 2025–26 income year
The Australian Taxation Office (ATO) has updated its foreign exchange rate guidance, which includes Monthly exchange rates for 1 July 2025 to 30 June 2026, and monthly rates for February 2026. All foreign income, deductions, and foreign tax paid
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Poland: MoF confirms phase two rollout of mandatory KSeF e-invoicing from April 2026
Poland's Ministry of Finance has announced the second phase of its National e-Invoicing System (KSeF) on 26 March 2026. From 1 April 2026 onwards, companies with 2024 sales below PLN 200 million must use KSeF for issuing invoices. However,
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Bosnia and Herzegovina: Srpska sets deadline for 2025–2026 tax returns
Bosnia and Herzegovina’s Tax Administration of Republika Srpska has confirmed that 31 March 2026 is the deadline for submitting annual tax returns for 2025 and 2026. Returns can be filed electronically, and taxpayers are urged to meet the deadline
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India: Lok Sobha approves Finance Bill 2026 with amendments
India’s Lok Sabha (lower house of parliament) has approved the Finance Bill 2026 with amendments on 25 March 2026. It now awaits approval by the Rajya Sabha. The bill implements the Union Budget 2026–27, including measures to introduce the new
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Taiwan: MoF outlines treaty relief for foreign e-services profits
Taiwan’s Ministry of Finance (MoF) has released a notice on 26 March 2026, outlining the possible tax exemption on business profits earned by foreign enterprises from providing electronic services, where such relief is available under applicable
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Taiwan: Ministry of Finance clarifies invoice rules for businesses
The Ministry of Finance clarified, on 19 March 2026, that if a business’s monthly sales do not reach TWD 200,000, it may continue to be exempt from issuing uniform invoices. Instead, business tax is levied at a fixed rate of 1%. Contrary to
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Malaysia clarifies tax rules for retail money market fund distributions
The Inland Revenue Board of Malaysia (IRBM) has released Practice Note No. 1/2026, dated 27 February 2026, outlining the tax treatment of distributions from retail money market fund (RMMF) unit trusts. The key aspects of this tax treatment are
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Greece: AADE issues guidance on digital transaction tax application
Greece’s Independent Authority for Public Revenue (AADE) issued Circular E. 2011 on 10 March 2026, providing detailed guidance on the application of the Digital Transaction Tax (Law 5177/2025), which replaced the Stamp Duty on 1 December
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UK: Finance Act 2026 receives Royal Assent
The UK’s Finance (No. 2) Bill 2025-26 was granted Royal Assent on 18 March 2026 and has now been enacted as the Finance Act 2026, introducing measures across income, corporate, and inheritance taxes, environmental levies, and tax
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US: IRS to host webinar on One, Big, Beautiful Bill business tax provisions
The US Internal Revenue Service (IRS) has scheduled a webinar for 24 March 2026 at 2 PM Eastern time to explain business tax provisions introduced under the One, Big, Beautiful Bill. Tax professionals can earn two continuing education credits for
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Cyprus sets 10-year bond yield benchmark for notional interest deduction
The Cyprus Tax Department announced, on 18 March 2026, the issuance of the 10-year government bond yield rates as of 31 December 2025 for various countries related to the Notional Interest Deduction (NID) on equity investments. These rates will
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Israel: Banks agree on one-time payment deal to state, abandons proposed excess-profit tax
Israel's Ministry of Finance and the Banks Association finalised a compromise deal that will see banks transfer ILS 3.25 billion to the state in 2026 and an additional ILS 250 million in 2027. The deal replaces a planned five-year taxation framework
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Denmark consults adoption of Peppol BIS e-invoicing standard
Denmark’s Business Authority has opened a public consultation on a proposed strategy for e-invoice formats within Nemhandel, the country’s national e-invoicing infrastructure used by both the public and private sectors. The strategy document was
See MoreBosnia and Herzegovina: Upper house adopts mandatory e-invoicing law
Bosnia and Herzegovina’s House of People (Upper House) adopted a law requiring all transactions to be reported electronically in real time, aiming to improve tax compliance and reduce the informal economy. The law was published in Official
See MoreTaiwan clarifies only full-time personnel qualify as eligible expenditure for R&D tax credit
Taiwan’s Ministry of Finance issued a notice on 16 March 2026, clarifying that only full-time personnel fully dedicated to R&D activities qualify as eligible expenditure for investment tax credits. To advance industrial innovation and
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UAE offers 50% non-refundable credit in first phase of R&D tax incentives programme
The UAE has launched Phase 1 of its Research and Development (R&D) Tax Incentives Programme, aimed at strengthening the country’s innovation ecosystem and supporting sustainable economic growth. Under the initial phase, businesses can claim
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