Saturday, June 27, 2026
After 8 years of negotiations, Australia has secured a landmark trade deal with the European Union, the world’s second largest economy, according to a media release on 24 March 2026. The Australia–European Union Free Trade Agreement will lower trade and investment barriers between Australia and the European Union, a market of around 450 million people....
Qatar’s General Tax Authority (GTA) issued a release on 24 March 2026 regarding a new service for the direct application of treaty benefits, as introduced under Cabinet Resolution No. (4) of 2026 as part of its ongoing efforts to develop the tax services ecosystem and enhance its effectiveness. The service aims to enable eligible entities...
The Czech Republic has published Financial Bulletin No. 5/2026 on 20 March 2026, which includes an updated list of jurisdictions classified as non-cooperative for tax purposes, aligning its domestic rules with the latest decisions of the Council of the European Union. The update list reflects changes to the European Union blacklist as of 6 March...
Ukraine’s Cabinet of Ministers approved a draft law to ratify the 2025 income tax treaty with Australia on 18 March 2026. This announcement was made by the Ministry of Finance on 19 March 2026. The agreement will eliminate double taxation concerning taxes on income, capital, fringe benefits, and withholding tax without creating opportunities for non-taxation...
Costa Rica has gazetted Resolution No. MH-DGT-RES-0010-2026 on 20 March 2026, which modifies the previous Resolution No. MH-DGT-RES-0055-2025 regarding the use of Form 270. This form is used for the “Monthly Summary Information Return of Clients, Suppliers, and Specific Expenses not covered by an electronic voucher”. The amendment was prompted by tax obligors reporting a...
The US Internal Revenue Service (IRS) issued Revenue Procedure 2026-17, which provides guidance on withdrawing elections for excepted trades or businesses under §163(j)(7) and making late elections to opt out of bonus depreciation under §168(k)(7). It became effective on 18 March 2026. Rev. Proc. 2026-17 Purpose 01 Withdrawal of a § 163(j) election. This revenue...
The Russian government has submitted a draft federal law to the State Duma proposing a partial exemption of temporary disability (sick leave) benefits from personal income tax (PIT). Overview of the proposal The bill seeks to amend Article 217 of the Tax Code of the Russian Federation. Currently, all state benefits are tax-exempt except for...
The Lithuanian State Tax Inspectorate (VMI) published updated guidance on 18 March 2026, revising its official commentary on the Corporate Income Tax Law to clarify the taxation of profits distributed by unlimited liability entities and the treatment of redistributed dividends. The update specifies that profit distributed by Lithuanian partnerships and similar entities is non-taxable for...
The House of Representatives of Belarus (lower house) approved the draft law on 24 March 2026 to ratify the income tax treaty with Myanmar, by Resolution No. 292-P8/III, as published on the National Legal Internet Portal of Belarus. The agreement, originally signed on 28 November 2025, covers Belarus’s corporate profit tax and individual income tax,...
The UK’s HM Revenue & Customs (HMRC) has published guidance on handling tax adviser sanctionable conduct, effective from 16 March 2026. From 1 April 2026, HMRC can take stronger action against advisers who deliberately contribute to tax non-compliance that causes, or is intended to cause, a tax loss. A tax adviser is defined as an...