Monday, April 27, 2026
The Czech Senate gave its approval for the ratification of the income tax treaty with Tanzania on 15 April 2026. The treaty was signed on 14 May 2025. This is the treaty between the two countries and aims to eliminate double taxation concerning taxes on income and prevent tax evasion and avoidance between the Czech...
Belgium’s Constitutional Court delivered its decision regarding Case No. 41/2026 of 9 April 2026, following preliminary questions from the Dutch-language Brussels Court of First Instance, the Limburg Court of First Instance (Hasselt division), and the Ghent Court of Appeal. The cases involved multiple companies whose taxable income was increased by punitive surcharges of at least...
The Slovak Republic has launched a public consultation on a new income tax treaty with Egypt, open until 5 May 2026. It aims to eliminate double taxation, strengthen economic cooperation, and prevent tax evasion and avoidance, including safeguards against treaty-shopping arrangements. It applies to taxes on income, including those on total income, salaries, commercial activities,...
The Malaysian government has issued the Income Tax (Tour Operator Company) (Exemption) Order 2026 on 7 April 2026. The order applies for the year of assessment (YA) 2026 to YA 2027, setting out a targeted tax incentive for qualifying tourism businesses that serve foreign visitors. Who qualifies for the exemption? A company must meet all...
Saudi Arabia and the US signed an exchange of information agreement relating to tax matters on 14 April 2026. During a meeting, Secretary of the Treasury Scott Bessent and Saudi Minister of Finance Mohammed bin Abdullah al-Jadaan discussed ongoing economic cooperation between the US and Saudi Arabia. Both sides noted progress on a number of...
Bolivia’s National Tax Service (SIN) has removed the long-standing restriction on fuel-related tax credits, allowing taxpayers to claim 100% of VAT on gasoline and diesel invoices. Previously, only 70% was creditable, leaving businesses to absorb the remaining 30% as a cost. The reform eliminates the partial credit system, meaning taxpayers can now recover the entire...
Ireland’s government announced a new package of measures, on 13 April 2026, on fuel costs and to support the transport, farming and fisheries sectors. These measures follow significant recent engagement with industry representatives and are in addition to the previously allocated EUR 250 million in targeted support to assist those experiencing real and immediate financial...
Nicaragua has introduced a major overhaul of its free trade zone framework through Law No. 1278, published in the Official Gazette on 9 April 2026 and signed into law on 8 April 2026. The reform strengthens fiscal incentives for both free trade zone operators and user companies while setting clearer timelines, extension rules, and post-exemption...
The Colombian government has confirmed that it will raise its ad valorem reciprocal tariff on a range of imports originating from Ecuador from 50% to 100%, escalating an ongoing trade dispute between the two countries. According to a presidential press release issued on 10 April 2026, the new tariff level will take effect on 1...
The OECD has released its Secretary-General’s Tax Report to G20 Finance Ministers and Central Bank Governors, prepared for their meeting under the United States presidency on 16 April 2026. Overview The OECD continues to support G20 priorities by advancing domestic and international tax priorities that foster stability and prosperity. Its tax policy and administration work...