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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Greece postpones implementation of e-transport Phase B
Greece has postponed and restructured Phase B of its e-transport mandate, introducing a two-stage implementation timeline for the digital monitoring of goods movement transmitted to myDATA under Decision A.1094/2026. Under the revised schedule,
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Russia approves tax code amendments on digital currency, digital rights regulation
The Government of the Russian Federation has approved amendments to the Tax Code at a government meeting held on 29 April 2026, aligning its provisions with a draft federal law establishing comprehensive regulation for the organisation and
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US: House passes FY 2026 budget resolution
The US House of Representatives, on 29 April 2026, approved the fiscal year 2026 budget resolution (S. Con. Res. 33) by a narrow vote of 215-211, launching the reconciliation process that allows Republicans to advance legislation with simple
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Brazil rules US LLCs owned by Brazilian residents are privileged tax regimes
Brazil’s tax authority, the Federal Revenue Service (RFB) has determined that US Limited Liability Companies owned by Brazilian tax residents qualify as privileged tax regimes, triggering automatic annual taxation requirements. The decision came
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Poland: MoF consults on KSeF 2.0 e-invoicing event model
Poland's Ministry of Finance has opened a public consultation on proposed changes to its national e-invoicing platform, KSeF 2.0, focusing on how invoice-related business events and data changes should be handled and synchronised. The
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Canada releases 2026 Spring Economic Update, introduces sovereign wealth fund and pension rate cuts
Canada’s Ministry of Finance announced the Spring Economic Update 2026 yesterday, 28 April 2026, building on the momentum of Budget 2025 with strategic investments that support productivity, growth, and competitiveness and position Canada for
See MoreUS: IRS announces new option for certain taxpayers to request more time after ERC claim disallowance
The US Internal Revenue Service (IRS) announced on 27 April 2026 a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an
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Philippines: BIR clarifies tax treatment of cross-border services
The Bureau of Internal Revenue (BIR) of the Philippines issued Revenue Memorandum Circular (RMC) No. 24-2026 on 30 March 2026Â to clarify the application of RMC Nos. 5-2024 and 38-2024 on the taxation of cross-border services. The circular aligns
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UK: HMRC proposes CCA scheme expansion, carbon factor update from 2027
The UK’s HMRC has issued a policy paper on 20 April 2026, outlining proposed updates to the Climate Change Agreements (CCA) scheme in the UK. The proposal focuses on expanding eligibility to additional energy-intensive activities, refining key
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