Saturday, June 27, 2026
Croatia has gazetted the Law on the Amendment of the Value Added Tax Act on 27 March 2026. This law extends the application of the reduced VAT rate of 5% for natural gas, district heating, firewood, pellets, briquettes, and wood chips for an additional year until 31 March 2027. The application of the reduced rate...
The Russian Ministry of Finance (MoF) announced on 26 March 2026, citing Note No. VN/1187/2026-UM-10, issued by the Embassy of Finland in Moscow on 13 March 2026, states that the Government of Finland will fully suspend the Agreement between the Government of the Russian Federation and the Government of the Republic of Finland for the...
Qatar’s General Tax Authority (GTA) announced official clarifications regarding capital gains tax, including an exemption for gains arising from intra-group restructuring on 29 March 2026, which was first announced in May 2025. The GTA indicated that this exemption aims to enable companies within the same group to carry out restructuring operations more efficiently and to...
Following parliamentary questions, the Belgian Minister of Finance has provided clarification on the financial fixed asset condition for applying the Tate & Lyle dividend withholding tax exemption (the exemption) for dividends paid to non-resident substantial shareholders. New condition effective 29 July 2025 The Programme Law of 18 July 2025 introduced an additional requirement for dividend...
The Slovak Republic and Andorra are working toward their first bilateral income tax agreement, according to a statement from the Slovak Republic’s Ministry of Foreign and European Affairs released on 31 March 2026. State Secretary Marek Eštok emphasised Andorra’s significance as a partner during discussions with newly appointed Andorran Ambassador Jaume Serra Serra on 30...
Russia’s government Resolution No. 305, published in the Official Gazette on 24 March 2026, introduces amendments to reporting requirements for resident legal entities regarding foreign accounts and electronic payment instruments (EPI). The decree clarifies reporting periods, extends deadlines, and provides exemptions for certain multinational group arrangements. Effective 1 April 2026, resident entities must submit reports...
The Hong Kong Inland Revenue Department announced the new versions and enhanced features of the electronic filing (e-filing) of profits tax return services and the full adoption of the Electronic Block Extension Scheme on 1 April 2026. In addition, it also launched the IRD Taxonomy Package and IRD iXBRL Data Preparation Tools, where all corporations...
The Hong Kong Inland Revenue Department (IRD) has announced the issuance of profits tax, property tax, and employers’ returns for the 2025–26 tax year on 1 April 2026. IRD has issued about 270, 000 profits tax returns, 120, 000 property tax returns and 340,000 employers’ returns for the year of assessment 2025-26, and will issue...
Spain’s Tax Agency has issued a statement outlining the tax provisions of Royal Decree-Law 7/2026 on 20 March 2026. Published in the Official State Gazette on 21 March, the decree enacts the Comprehensive Response Plan to the Crisis in the Middle East and introduces a range of tax measures, including the following: Corporate tax With...
The Serbian Prime Minister and Algerian Prime Minister have signed an income and capital tax treaty on 31 March 2026, marking a significant step in deepening relations between the two countries. This marks the first agreement of its kind between the two countries and is intended to eliminate double taxation on income and property, while...