Monday, April 27, 2026
A new income and capital tax treaty between Romania and the UK, signed on 13 November 2024, entered into force on 22 December 2025, replacing the 1975 treaty. The agreement covers Romanian income and profit taxes, as well as UK income tax, corporation tax, and capital gains tax. Key provisions include reduced withholding tax rates:...
Argentina has increased the thresholds for tax evasion and aligned the statute of limitations with civil and commercial regulations under Law 27,799, which was published in the Official Gazette on 2 January 2026. Law 27,799 introduces a comprehensive overhaul of the Tax Criminal Regime and tax procedure laws in Argentina. The legislation focuses on updating...
The Colombian Tax and Customs National Authority (DIAN) issued Resolution No. 000238 on 15 December 2025, setting the Tax Value Unit (Unidad de Valor Tributario – UVT) for 2026 at COP 52,374. This is an increase from COP 49,799 in 2025. The UVT is a standard measure used across Colombia’s tax system. It determines thresholds...
Peru’s government, through Supreme Decree No. 301-2025-EF issued on 17 December 2025, has set the Tax Unit (Unidad Impositiva Tributaria – UIT) for 2026 at PEN 5,500, up from PEN 5,350. The UIT is a key reference in the country’s tax system. It is used to determine individual income tax brackets and deductions, calculate real...
Cyprus has implemented a 5% VAT rate for the construction and renovation of buildings used for VAT-exempt educational purposes, covering both labour and materials under Decree No. 364/2025. This applies to public schools, registered private schools, private tertiary colleges, and other training organisations recognised by the Tax Commissioner, while private tutoring centres and extracurricular schools...
Argentina’s tax and customs collection agency (ARCA) announced on 8 January 2026 that it will implement a new tax address regime to replace the current system. The goal is to simplify procedures, reduce administrative burden, and provide greater legal certainty in the relationship between the tax authority and taxpayers. The new system is governed by...
The OECD announced that Sweden signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 4 November 2025. The Global Anti-Base Erosion (GloBE) Model Rules require each Constituent Entity of an MNE Group to annually file a GloBE Information Return (GIR) with the tax administration of the jurisdiction where it...
Kenya’s Tax Appeals Tribunal delivered its decision in Patel v Commissioner for Legal Services & Board Co-ordination Services on 28 November 2025, which addresses how the loss carryforward restriction introduced under the Finance Act 2025 should be applied. The case presents a judgment from the Tax Tribunal in Nairobi in a dispute between Vijay Kumar...
Argentina’s Federal Congress has enacted Law 27,799, which raises penalties for formal tax violations under the Procedure Tax Law (Law 11,683). The law was published in the Official Gazette on 2 January 2026 and entered into force upon its publication. The updated regulations introduce significant increases to fines regarding tax infringements and Country-by-Country (CbC) reporting....
Panama’s tax authority (DGI) announced on 8 January 2026 several updates to the e-Tax 2.0 system, including the release of new versions of declaration forms. A new section has been added to Form F2 (Corporate Income Tax), which now includes: F2 V10: Entrepreneurial Societies – Micro-entrepreneurs Micro-aid F2 Entrepreneurship Sector V2 (updated on 30 October) F2...