Tuesday, February 24, 2026
The US Treasury Department released interim guidelines on 12 February 2026 addressing how companies can qualify for clean energy tax credits while restricting reliance on Chinese-made equipment under President Donald Trump’s tax legislation. The guidance implements provisions from Trump’s One Big Beautiful Bill Act, passed in July 2025, which affects tax credits for both clean...
Luxembourg’s Chamber of Deputies approved the ratification of the amending protocol to the 2007 income and capital tax treaty with Georgia on 11 February 2026. Under the amendment, Article 27 of the treaty is replaced to align the exchange of information framework with standards developed by the OECD. The protocol will enter into force once...
The Northern Taiwan National Taxation Bureau of the Ministry of Finance has clarified on 13 February 2026 that sole proprietorships that change in the responsible person may trigger business tax obligations if inventory and fixed assets are transferred. In practice, the bureau said, it is common for businesses to neglect to issue uniform invoices and...
France’s tax authority (RFPI) announced on 11 February 2026 an update to the monetary erosion coefficients relevant to taxes on the sale of undeveloped land that has become buildable. Under Articles 1529 and 1605 nonies of the General Tax Code (CGI), the tax base is generally the capital gain, calculated as the difference between the...
Albania has published Law No. 79/2025 in the Official Gazette No. 11 of 15 January 2026, amending and supplementing Law No. 9920 of 2008 on tax procedures. A key change provides that where a taxpayer fails to submit a VAT return by the deadline, the tax system will automatically generate and file the return within...
The National Board of Revenue (NBR) has extended the deadline for submitting online VAT returns for the January 2026 tax period through its e-VAT system until 22 February, citing public interest. An official order said the move followed a prolonged spell of government holidays around Shab-e-Barat and the 13th national election, which curtailed business activity...
The UK’s tax authority (HMRC) has updated its guidance on preparing for vaping products duty and the vaping duty stamps scheme on 10 February 2026. Purpose of the policy Vaping Products Duty was introduced in autumn 2024, with Vaping Duty Stamps following in spring 2025. The VPD is an excise duty on all substances intended...
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance stated that profit‑seeking enterprises headquartered domestically which invest in shares of foreign companies, issued under foreign law and approved by the securities authority for listing and trading, must include the dividends received in their taxable business income in accordance with Article 3, Paragraph 2 of...
Colombia’s Constitutional Court announced on 6 February 2026 that Legislative Decree No. 0044 of 21 January 2026, which introduced a temporary parafiscal levy of 2.5% on electricity generation companies serving domestic households and required in-kind contributions from hydroelectric generators, is suspended. The suspension follows the provisional halt of Decree No. 1390 of 22 December 2025,...
The Thai Revenue Department issued Royal Decree No. 802 on 10 February 2026, granting higher tax deductions for SMEs investing in digital tools and services. Under the decree, SMEs can claim an additional 100% deduction, bringing the total deduction to 200% for expenses related to: Purchasing or developing computer programs, hardware, or smart devices Using...