Saturday, August 08, 2026
Colombia’s Constitutional Court issued a press release dated 29 April 2026 concerning rulings including Order A-533/26 and Order A-534/26, which provisionally suspended parts of emergency measures adopted under Decree 173 of 2026 and Decree 174 of 2026. Suspension of Wealth Tax (Auto A-533/26) The Court ordered the provisional suspension of the second installment of the...
China introduced 0% tariffs on imports from 20 African countries for two years, from 1 May 2026 to 30 April 2028, under Customs Tariff Commission Announcement No. 5 of 2026. The countries include Algeria, Botswana, Cape Verde, Cameroon, Republic of the Congo, Côte d’Ivoire, Egypt, Equatorial Guinea, Gabon, Ghana, Kenya, Libya, Mauritius, Morocco, Namibia, Nigeria,...
Greece’s Independent Authority for Public Revenue (AADE) has introduced a penalty waiver for farmers required to move from the special agricultural flat-rate VAT scheme to the standard VAT regime for the 2026 tax year, following the issuance of Circular E.2020/2026 on 30 April 2026. The measure applies to farmers whose annual subsidy receipts exceeded EUR...
Liechtenstein has announced the signing of its first income and capital tax treaty with Belgium on 4 May 2026 on the occasion of the 8th European Political Community (EPC) Summit in Yerevan. This follows after Belgium and Liechtenstein officials have concluded negotiations for an income and capital tax treaty on 27 November 2024. The double...
The Austrian government has approved amendments affecting both fuel margin limits and mineral oil tax reductions, extending relief measures through the end of May 2026. Under the revised Verordnung zur Margenbegrenzung bei Treibstoffen, issued on the basis of the Price Act, margin limitation amounts in § 3 Abs. 1 will be reduced from 5 Eurocents...
The OECD has published Revenue Statistics in Latin America and the Caribbean 2026, presenting comparable tax revenue data across 29 countries in the region on 5 May 2026. Executive summary Tax revenues increased as a share of GDP between 2023 and 2024 in just over half of the countries in Latin America and the Caribbean...
Zambia has implemented temporary fiscal measures on fuel following a Cabinet decision on 31 March 2026, chaired by President Hakainde Hichilema, in response to what it described as an emergency in the national fuel supply situation. The Cabinet approved the zero-rating of Value Added Tax (VAT) on supplies of petrol and diesel and the suspension...
The US Internal Revenue Service (IRS) announced on 5 May 2026 a series of resources and events to support small businesses during National Small Business Week, which runs through 9 May. For over 60 years, the U.S. Small Business Administration has recognised National Small Business Week to honour the critical role small businesses play in...
The Czech Republic government has approved a comprehensive overhaul of the country’s sales recording system alongside significant tax relief measures for businesses and citizens. First Deputy Prime Minister and Minister of Industry and Trade presented the government’s key decisions at a press conference on 4 May 2026. The new Sales Registration Act, which has been...
Qatar’s General Tax Authority (GTA) announced on 3 May 2026 that Qatar and Austria signed an amendment to certain provisions of the agreement on the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital within the framework of enhancing financial transparency and promoting joint investment. The...