Taiwan clarifies reporting of realised foreign exchange gains, losses
Taiwan’s Datun Office, National Taxation Bureau of the Central Area, Ministry of Finance, stated, on 23 January 2026, that in response to frequent fluctuations in international exchange rates, profit-seeking enterprises must report foreign
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Turkey: Revenue Administration sets asset revaluation rate for Q4 2025
Turkey’s Revenue Administration has set the asset revaluation rate for the fourth interim tax period of 2025 at 25.49%. The announcement was issued on 20 January 2026 through Corporate Tax Law Circular No. 71 (KVK-71 / 2026-1 / Investment
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Luxembourg publishes 2026 municipal tax multipliers
Luxembourg has gazetted the municipal rate multipliers for commercial and property taxes for the 2026 tax year. The published tables also provide details of deliberation dates and Grand Ducal approvals throughout 2025, offering transparency on
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China extends community service tax relief through 2027
China’s Ministry of Finance, State Taxation Administration, National Development and Reform Commission, Ministry of Civil Affairs, Ministry of Commerce, and National Health Commission issued Announcement No. 7 of 2026 on 15 January 2025, which
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EU removes Nigeria from anti-money laundering, countering financing of terrorism list
The Federal Government of Nigeria has welcomed the decision of the European Commission to remove Nigeria from the European Union’s list of high-risk third countries for Anti-Money Laundering and Countering the Financing of Terrorism
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Bulgaria: National Assembly considers tax incentives for electric vehicles, R&D
Bulgaria’s National Assembly is reviewing a draft law amending and supplementing the Corporate Income Tax Act, submitted on 13 January 2026. The proposal introduces tax measures aimed at promoting electric mobility and research and development
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Brazil introduces new taxpayer rights, obligations code
Brazil has enacted Complementary Law No. 225 of 8 January 2026, which introduces a new code governing taxpayer rights, guarantees, duties, and procedures in interactions with tax authorities at the federal, state, district, and municipal levels that
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Ireland: Revenue updates 2024 income tax return form guidance
Irish Revenue has published eBrief No. 015/26 on 19 January 2026, announcing updates to Tax and Duty Manual (TDM) Part 38-01-04I relating to the Income tax return form 2024. The manual has been amended to include a clarification at paragraph 4.2,
See MoreIreland: Revenue updates guidance on enhanced construction expenditure deduction
Irish Revenue has published eBrief No. 013/26 on 16 January 2026, providing updated guidance on the enhanced deduction for qualifying construction expenses introduced under the Finance Act 2025. A new Tax and Duty Manual (TDM) Part 04-06-27 –
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Sweden: MoF weighs new R&D tax incentives to boost investment
Sweden’s Minister of Finance (MoF) has received the final report from the Inquiry Officer evaluating the country’s research and development (R&D) tax incentive system on 19 January 2026 outlining two alternative approaches aimed at
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Brazil tightens tax incentives, raises select levies
Brazil has issued Complementary Law No. 224 of 26 December 2025, along with implementing regulations in Decree No. 12.808 of 29 December 2025. Both the law and the decree introduce a broad reduction in tax benefits across key federal taxes,
See MoreBrazil: RFB mandates use of Electronic Tax Domicile (DTE) for CNPJ registered legal entities from 2026
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 16 January 2026 that since January 2026, the Electronic Tax Domicile (DTE) has become mandatory for all Legal Entities registered in the CNPJ, establishing itself as the
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France revises 2026 budget, proposes aid for low income groups
French Prime Minister Sebastien Lecornu unveiled amendments to his draft 2026 budget on Friday 16 January 2026, aiming to secure support from the Socialist Party by raising income supplement benefit for low‑income workers, students, and
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US: House of Representatives approves bill to cut IRS budget by 9%
The US House of Representatives passed H.R. 7006 by a 341–79 vote on 14 January 2026, moving closer to finalising the FY 2026 federal budget. The bill would cut US Internal Revenue Service (IRS) funding by about USD 1.1 billion, roughly 9%
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Ecuador: Tax Administration extends tax returns deadlines following system outage
Ecuador’s Tax Administration (SRI) has issued Resolution No. NAC-DGERCGC26-00000002 on 13 January 2026, extending the deadlines for tax returns and statutory annexes originally due on 12 January 2026. The revised deadlines are as
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Taiwan: MoF extends 2025 income certificate filing deadline
Taiwan’s Ministry of Finance (MoF) has announced an extension to the filing deadline for 2025 income-related certificates, after the original end date fell on a weekend. The filing period for 2025 income withholding and non-withholding
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US: Treasury, IRS clarify permanent 100% additional first-year depreciation under OBBB
The US Internal Revenue Service (IRS) and the Department of the Treasury announced on 14 January 2026 the issuance of Notice 2026-11 offering guidance on the permanent 100% additional first-year depreciation deduction for eligible property acquired
See MoreBrazil: RFB denounces fake news about PIX taxation
Brazil’s tax authority, the Federal Revenue Service (RFB) issued a warning to the public on 14 January 2026 regarding false claims circulating on social media that PIX transactions are being monitored for taxation purposes. Authorities stressed
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