Posts by: RF Report


Andorra, Estonia tax treaty enters into force

Andorra has announced that the income and capital tax treaty with Estonia came into force on 24 March 2026. Andorra and Estonia signed an income and capital tax treaty on 23 September 2025. This agreement aims to prevent double taxation on income and capital between the two countries while addressing tax avoidance and evasion issues....

Switzerland: FTA updates overview of tax treaty effects with Brazil

The Swiss Federal Tax Administration (FTA) released a revised overview on 26 March 2026, detailing the impact of the tax treaty with Brazil. The update incorporates two key modifications to Brazil’s domestic withholding tax rules, effective from 1 January 2026. This summary details the tax convention effects between Switzerland and Brazil as of 1 January...

Ecuador confirms VAT rules for processed foods

Ecuador’s Internal Revenue Service (SRI) has clarified that only foods in their natural state are eligible for the 0% VAT rate. Any food that has been processed, prepared, or transformed is subject to the standard 15% VAT. This includes fruit juices, prepared meats, flavoured or fortified dairy products, bakery items, instant meals, packaged food mixes...

Japan, France strengthen rare earth supply ties to cut dependence on China

Japan and France have agreed to boost cooperation on rare earth supply chains to reduce reliance on China. The announcement came during French President Emmanuel Macron’s visit to Japan for talks with Prime Minister Sanae Takaichi. Under the agreement, both countries will secure raw material supplies for Caremag, a rare earths refining project in southern...

India updates Brazil tax treaty following 2026 notification

India’s Ministry of Finance has issued Notification No. 39/2026 on 30 March, 2026, confirming that all provisions of the amending protocol to the 1988 income tax treaty with Brazil are in effect. The original convention was signed in 1988 and previously amended in 2013. Below is a summary of the key provisions and updates: Effective...

Luxembourg details crypto-asset reporting rules under DAC8

Luxembourg’s Direct Tax Administration (ACD) has outlined the key legislative changes introduced by the law implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226) (DAC8) of 27 March 2026. The Law of 27 March 2026 on the Automatic and Mandatory Exchange of Information Reported by Crypto-Asset Service Providers (CDC Law) (Mémorial A...

Saudi Arabia: ZATCA reminds taxpayers of March 2026 withholding tax filing deadline

The Saudi Zakat, Tax and Customs Authority (ZATCA) has called on establishments subject to withholding tax in Saudi Arabia to submit their tax forms for March 2026 by 10 April 2026. ZATCA urges establishments to promptly submit their withholding tax forms through its website (zatca.gov.sa) to avoid late payment penalties. A penalty of 1% of...

Malta to implement VAT, gaming tax reforms

The Malta Tax and Customs Administration (MTCA) and the Malta Gaming Authority (MGA) have informed stakeholders within the gaming sector of forthcoming enhancements to the Value Added Tax (VAT) and gaming tax frameworks under Maltese law, effective 1 October 2026, following Legal Notices 84 and 86 of 2026, published on 1 April 2026. These reforms...

EU: Five member nations push for windfall tax on energy firms amid Iran war crisis

Finance ministers from Germany, Italy, Spain, Portugal and Austria sent a joint letter to the EU Commission on Friday, 4 April 2026, calling for immediate action to address the energy crisis triggered by military strikes that began on 28 February 2026. The proposed tax would generate funds to provide temporary relief for consumers grappling with...

Bangladesh: NBR signals possible end to reduced RMG tax rates

Bangladesh’s National Board of Revenue (NBR) has signalled that the reduced corporate tax rates for ready-made garment (RMG) exporters may be discontinued in the 2026–27 fiscal year. NBR Chairman Abdur Rahman Khan made the remark during a pre-budget consultation on 5 April 2026 at the revenue building in Dhaka’s Agargaon. Currently, RMG exporters pay corporate...