Italy and Turkey: Social Security Agreement comes into effect

The Italian Revenue Agency approved the Annual VAT Return Form to be used for filings in 2026, covering the 2025 tax year. Alongside the standard form, a simplified “Basic Annual VAT Return Form” has also been introduced for taxpayers who

The Italian Revenue Agency announced on 2 February 2026 that it has approved new communication forms and guidelines for accessing tax incentives for investments in the country’s disadvantaged areas, following changes introduced in the 2026 Budget

The income tax treaty between Hong Kong and Turkey entered into force on 30 January 2026. The treaty, signed on 24 September 2024, is the first income tax agreement between the two jurisdictions. It aims to prevent double taxation and promote

Italy plans to align its levy on low-value packages with a EUR 3 EU duty, which will become effective on 1 July 2026, Economy Minister Giancarlo Giorgetti said on 29 January 2026. The move targets inexpensive e-commerce imports, especially from

The Turkish Ministry of Treasury and Finance announced the exchange rates to be used for valuing foreign currency-denominated receivables and debts as of 31 December 2025. The rates are outlined in General Communiqué No. 590 on the Tax Procedure

Turkey’s Ministry of Treasury and Finance has increased the limits for cash refund claims related to withholding tax (WHT). For 2026, the maximum amount eligible for a cash refund without requiring inspection reports rises from TRY 340,000 to