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 More
Saudi Arabia introduces exemption process for regional headquarters requirement
Saudi Arabia has modified its government procurement policy by introducing an exemption mechanism that allows government entities to contract with foreign companies without a regional headquarters (RHQ) in the Kingdom under specific
See More
US: IRS revises Section 987 income, foreign currency rules
The US Internal Revenue Service (IRS) has released Notice 2026-17, addressing revisions to the rules for calculating taxable income or loss and foreign currency gain or loss related to a qualified business unit under Section 987. Notice 2026-17:
See More
Taiwan reminds professionals to keep proper books to qualify for tax deductions, loss offsets
Taiwan's Central District National Taxation Bureau of the Ministry of Finance has reminded professionals, including doctors, lawyers, and accountants, that they are legally required to maintain accounting books and preserve supporting
See More
Indonesia: DJP establishes specific criteria for identifying domestic, foreign tax subjects
Indonesia's Directorate General of Taxation (DJP) issued Regulation PER-23/PJ/2025, which was enacted on 9 December 2025, establishing the specific criteria for identifying domestic and foreign tax subjects. It defines domestic subjects as
See More
UAE: MoF issues new e-invoicing guidance
The UAE Ministry of Finance updated its e-invoicing guidance webpage by publishing several new guidance documents on 24 February 2026. The guides are as follows: Pre-Approved eInvoicing Service Providers UAE Electronic Invoicing
See More
UK: HMRC publishes guidance on registration rules for tax advisers
UK HMRC published guidance on 17 February 2026, Check if and when you need to register as a tax adviser with HMRC, together with the related guidance Check if you meet HMRC's conditions to register as a tax adviser. Check if and when you need to
See MoreUS releases interim guidance on special depreciation for eligible production property
The US Department of the Treasury and the Internal Revenue Service (IRS) announced on 20 February 2026 that it has provided interim guidance for taxpayers regarding the special depreciation allowance for qualified production property enacted under
See More
Sri Lanka: MOF introduces tax incentives for strategic development projects
Sri Lanka’s Ministry of Finance issued a Regulation under the Strategic Development Projects Act, No. 14 of 2008, published in Gazette No. 2474/66 on 8 February 2026, setting out the conditions for designating a project as a Strategic Development
See More
Bulgaria consults VAT amendments on EU small business scheme, euro transition
The Bulgarian National Revenue Agency (NRA) launched a public consultation on proposed amendments to the Regulations for Application of the Value Added Tax (RAVATA) on 10 February 2026. Under the EU small business regime, Bulgarian-established
See More
Italy: Council of Ministers grants initial approval to consolidated income tax legislation
Italy’s Council of Ministers has given approval to a comprehensive legislative decree on 18 February 2026 that consolidates Italy's income tax laws, following a proposal by Economy and Finance Minister Giancarlo Giorgetti. This compilation
See More
Brazil: RFB consults February individual income tax refunds
Brazil’s tax authority, the Federal Revenue Service (RFB) has launched a public consultation for the residual batch of Individual Income Tax (IRPF) refunds on 20 February 2026. This batch includes 204,824 refunds totalling BRL 578,974,901.07,
See More
Singapore: IRAS issues guidance on GST obligations for companies in liquidation
The Inland Revenue Authority of Singapore (IRAS) has issued a new guidance page titled GST Registered Companies Under Liquidation on 20 February 2026, designed to assist both GST-registered companies and their liquidators in understanding the GST
See More
Netherlands finalises Box 3 return rates, corrects tax indexation errors
The Netherlands has issued Regulation No. 2026-0000036908, published in the Official Gazette on 20 February 2026, which sets the definitive deemed rates of return for Box 3 income for 2025 and addresses previously overlooked indexation in other tax
See More
Greece opens Carbon Border Adjustment Mechanism (CBAM) importer licensing process
Greece’s Independent Authority for Public Revenue (AADE) announced, on 20 February 2026, that the importer licensing process for the Carbon Border Adjustment Mechanism (CBAM) is open until 31 March 2026, as Greece accelerates preparations for the
See More
Czech Republic consults electronic sales recording reinstatement, tax measures for hospitality sector
The Czech Ministry of Finance has submitted a draft law for consultation that would introduce an updated electronic sales recording system (EET 2.0) from 1 January 2027. Drawing on experience from the previous system and reflecting advances in
See More
Ireland outlines long-term approach to R&D tax incentives
Ireland’s Department of Finance has released the Research and Development Tax Credit and Innovation Compass on 16 February 2026, setting out the work completed in 2025 to review the R&D tax credit regime and related innovation supports. The
See More
US: FinCEN exempts financial institutions from repeatedly verifying beneficial owners
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to covered financial institutions from certain requirements under FinCEN’s Customer Due Diligence Requirements for
See More