China extends tax incentives to support public rental housing development until 2027
China’s State Tax Administration issued Announcement No. 4 of 2026 on 12 January 2026, which revised tax incentives for public rental housing to strengthen the rental market. The measures provide exemptions from various taxes, including urban
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Nigeria: NRS clarifies VAT on bank charges
The Nigeria Revenue Service (NRS) has clarified, on 15 January 2026, that Value Added Tax (VAT) has not been newly applied to banking services, fees, commissions or electronic money transfers. VAT has always applied to fees, commissions, and
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Poland confirms phased rollout of mandatory KSeF e-invoicing from February 2026
Poland is preparing to roll out its National e-Invoicing System (KSeF), a digital platform for issuing, sending, receiving, and storing structured invoices. The Ministry of Finance and the National Revenue Administration (KAS) outlined the
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China extends tax exemptions for foreign bond investors through 2027
China’s Ministry of Finance and the State Administration of Taxation made two announcements on 15 January 2026 that extend tax exemptions for foreign institutional investors in its bond market. Under Announcement No. 5 of 2026, the corporate
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Italy: Tax Authorities updates annual VAT return forms
The Italian tax authorities have released the 2026 annual VAT return forms, Modello IVA 2026 and the simplified IVA BASE 2026, together with their official instructions for the 2025 tax year. The forms are available electronically on the Agenzia
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Peru extends VAT exemptions on selected goods and services
Peru enacted Law No. 32542, published on 31 December 2025, extending the value-added tax (VAT) exemptions for specified goods and services under Appendixes I and II of the VAT law until 31 December 2028. The extension is intended to support key
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Uruguay revises 2026 minimum advance payments for corporate tax, VAT
Uruguay issued Decree No. 310/025 on 26 December 2025, which was published in the Official Gazette on 7 January 2026, revising the minimum monthly advance payment requirements for Corporate Income Tax (CIT) and Value-Added Tax (VAT) for
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Angola gazettes amendments to tax laws proposed in 2026 budget
Angola’s National Assembly approved amendments to various tax laws through the General State Budget 2026 on 15 December 2025 after receiving final approval the same day. The measures were formally promulgated by the President and published in the
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Cyprus extends zero VAT rate on essential goods through 2026
The Cyprus Tax Department has announced, on 15 January 2026, the extension of a zero value-added tax (VAT) rate on a range of essential goods for another year, covering the period from 1 January 2026 to 31 December 2026. The zero VAT rate will
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UK: Scotland presents 2026-27 budget, proposes new levies
Scotland’s Cabinet Secretary for Finance and Local Government presented the 2026-27 State Budget to the parliament on 13 January 2026. The Budget’s key proposals include higher personal income tax brackets and the introduction of new levies,
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Bangladesh: NBR introduces digital corporate tax, VAT payments
The National Board of Revenue (NBR) has introduced a facility for large-value corporate tax and VAT payments through mobile financial service bKash on 11 January 2026, advancing the country’s push toward full digitalisation of revenue
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Romania implements 2026 tax reforms: Limits deductions for IP, consulting fees
Romania has published Law No. 239/2025 and Emergency Ordinance No. 89/2025, which introduce a 1% cap on deductions for payments to non-resident related parties for intellectual property and management or consulting services. The limit applies to
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Uruguay updates rules on investment incentives for priority sectors
Uruguay issued Decree 329/025 on 13 January 2026, introducing updated rules for the investment incentive regime established under Law 16,906 of 1998 for promoted sectoral activities. The regulation establishes a merit-based system where companies
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Kazakhstan approves goods eligible for the VAT offset method
Kazakhstan has published Government Decree No. 1199 of 31 December 2025 approving the list of goods for which value added tax may be paid using the VAT offset method on import. The decree was adopted in accordance with Articles 508 and 509 of the
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China to abolish export VAT rebates for solar products, phase out incentives for batteries
The Chinese Ministry of Finance issued a notice, on 8 January 2026, outlining adjustments to the export VAT rebate policy for photovoltaic products, batteries and related goods. Under the changes, the export VAT rebate for photovoltaic and other
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Ireland enacts Finance Act 2025, enhances R&D tax credits
Ireland has enacted the Finance Act 2025, following its approval by parliament on 23 December 2025, delivering a wide-ranging package of tax measures that include enhanced corporation tax reliefs for construction and the creative industries, an
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Peru: Government extends VAT exemptions for certain goods, services
The Peruvian government has extended the VAT (Impuesto General a las Ventas, IGV) exemption for the transactions listed in Appendices I and II covered under the VAT Law. The law ensures continued VAT relief on essential goods and selected
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Argentina: ARCA extends VAT prepayment relief on essentials until mid-2026
Argentina’s tax and customs authority (ARCA) published General Resolution 5,807 in the Official Gazette on 30 December 2025, announcing an extension to the suspension of advance VAT collection on essential items, including food, medicines, and
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