Sweden proposes additional temporary petrol, diesel tax cut to ease fuel prices
The Swedish Ministry of Finance has submitted a draft bill proposing a further temporary reduction of tax on petrol and diesel in response to rising fuel prices, with the measure set out in memorandum Fi2026/01131 published on 13 May 2026. The
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UK: HMRC issues letters over BADR lifetime limit breach
The UK HM Revenue & Customs (HMRC) is issuing a second round of letters to taxpayers who claimed Business Asset Disposal Relief (BADR) in their 2024/25 Self Assessment tax return and may have exceeded the GBP 1 million lifetime limit. The
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Australia includes major corporate, CGT tax reforms 2026-27 budgetÂ
Australia’s Treasurer, Jim Chalmers, delivered the 2026-27 federal budget in parliament on 12 May 2026. The 2026-27 budget outlines a comprehensive vision for tax reform in Australia, focusing on supporting workers, incentivising business
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Turkey mandates e-document integration for next-gen payment devices
Turkey’s Revenue Administration has issued General Communiqué No. 593 on the Tax Procedure Law (TPL), introducing the final procedures and principles for issuing electronic documents (e-Documents) through new generation payment recording devices
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Ireland: Revenue outlines Pillar Two progress in 2025 annual report
Irish Revenue published its 2025 Annual Report on 7 May 2026, together with a range of research and statistical papers, outlining total gross receipts of EUR 157 billion for the year. The figure includes EUR 34.9 billion collected on behalf of
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New Zealand: Inland Revenue consults GST rules for unincorporated bodies
New Zealand’s Inland Revenue launched a public consultation on 6 May 2026, regarding a new GST guideline for unincorporated bodies. The guide helps taxpayers identify which GST rules apply to their specific organisational structure. Some GST
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US: House advances bipartisan tax administration and relief bills
The US House of Representatives has approved a bipartisan package of tax administration, disaster relief, and workforce-related bills aimed at modernising IRS operations, expanding taxpayer protections, strengthening the IRS whistleblower program,
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Greece extends Article 5C special tax regime to public sector employees
Greece’s Ministry of National Economy and Finance and the Independent Authority for Public Revenue (AADE) have announced an extension of the special taxation regime under Article 5C of the Income Tax Code (ITC), expanding eligibility to include
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Romania expands RO e-invoice registration requirements with new rules for individuals, organisations
Romania’s National Agency for Fiscal Administration (ANAF) published a draft order on 16 January amending Order No. 3789/2024, which governs the mandatory RO e-Invoice Register. The update introduces revised procedures and a new Form 082 that
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Austria consults on major tax law reform draft for 2026
Austria’s Ministry of Finance has published a draft bill introducing amendments to various tax laws and has opened a public consultation. The proposal aims to improve tax fairness, combat tax fraud, reduce the tax burden on workers, and simplify
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Morocco: DGI announces national e-invoicing system launch for 2026
Morocco's tax authority (DGI) is set to implement a nationwide electronic invoicing system starting in 2026, marking a significant advancement in the country's tax administration modernisation efforts. The announcement was made by Younes El
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Taiwan sets NTD conversion rules for foreign-currency accounting firms
Taiwan’s Ministry of Finance’s Southern Area National Taxation Bureau has reminded enterprises that maintain accounts in foreign currencies that, when filing business income tax returns, all foreign currency amounts in financial statements must
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Italy: Government updates tax reliability indices for 2025 amid economic pressures
Italy’s Revenue Agency announced on 29 April 2026 that the Ministry of Economy and Finance had gazetted the Decree of 15 April 2026 on 27 April 2026, which updates the Decree of 31 March 2026. The Decree of 15 April 2026 revised the Synthetic
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Slovak Republic clarifies e-invoicing and e-reporting rules as 2027 deadline approaches
The Slovak Republic’s Financial Administration has published further updates to its frequently asked questions on mandatory electronic invoicing in April 2025, adding new clarifications on VAT treatment and technical implementation requirements
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US: IRS launches significant issue ruling program for select transactions
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-21, introducing a significant issue ruling program that allows taxpayers to request rulings on specific major legal issues under the jurisdiction of the Associate Chief Counsel
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Qatar: Cabinet approves draft law on e-invoicing
Qatar’s Cabinet has approved a draft law on E-invoicing and its executive regulations, according to a release from the Qatar News Agency on 6 May 2026. Prepared by the Ministry of Finance in coordination with the General Tax Authority (GTA),
See MoreAustria extends fuel tax relief, tightens margin limits until end-May
The Austrian government has approved amendments affecting both fuel margin limits and mineral oil tax reductions, extending relief measures through the end of May 2026. Under the revised Verordnung zur Margenbegrenzung bei Treibstoffen, issued on
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Costa Rica: Tax authority issues new guidelines on international financial reporting standards
Costa Rica's General Directorate of Taxation (DGT) published Resolution MH-DGT-RES-0015-2026 of 8 April 2026 in the Official Gazette on 29 April 2026, establishing updated interpretive criteria for applying International Financial Reporting
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