Saturday, June 27, 2026
The US Trade Representative (USTR), Jamieson Greer and Mexican Secretary of Economy Marcelo Ebrard have convened on 18 March 2026 to kick off bilateral technical discussions in advance of the USMCA Joint Review on 1 July 2026. Technical teams were instructed to review specific options for increasing US and Mexican production and manufacturing employment, while...
The Italian Revenue Agency has clarified, on 17 March 2026, that waste transportation services will continue to benefit from a reduced 10% VAT rate, even when transporting waste destined for landfills or incineration facilities without energy recovery. The 2025 Budget Law introduced restrictions on preferential VAT treatment for certain waste management activities. While the previous...
Cambodia and South Korea signed a Memorandum of Understanding (MoU) on the exchange of information for tax purposes during the 5th Korea-Cambodia Commissioners of Taxation Meeting in Phnom Penh. This announcement was made on 12 March 2026. The MoU establishes a framework for timely and secure sharing of tax-related information between the General Department of...
The State Tax Service of Ukraine has issued guidance on the annual tax declaration (return) obligations for individual taxpayers. The notice clarifies cases where filing a declaration is not required. For taxpayers who must submit a declaration, the deadline is 1 May 2026 for the 2025 tax year. The guidance also sets the deadline for...
The National Board of Revenue (NBR) has extended the deadline for filing 2025–2026 Personal Income Tax (PIT) returns. Taxpayers now have until 31 March 2026 to submit their returns online through the e-Return system. This announcement was made on 16 March 2026. The extension allows taxpayers who apply before 31 March 2026 to receive an...
Bosnia and Herzegovina’s House of People (Upper House) adopted a law requiring all transactions to be reported electronically in real time, aiming to improve tax compliance and reduce the informal economy. The law was published in Official Gazette No. 9/26 on 4 February 2026 and entered into force on 12 February 2026. Under the new...
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on Goods and Services Tax (GST) for construction services, introducing a new video to clarify key rules for the industry on 18 March 2026. The video covers general GST principles and explains when GST must be accounted for, including the timing of billing, progress...
Luxembourg issued the Grand-Ducal Decree of 13 March 2026, officially published in the Journal Officiel du Grand-Duché de Luxembourg (Mémorial A) on 16 March 2026, updating the list of partner jurisdictions for the exchange of financial account information under the Common Reporting Standard (CRS), effective 20 March 2026. The 2026 regulation modifies the Grand-Ducal Regulation...
Brazil’s government has enacted urgent measures to lower diesel prices as international oil costs spike due to armed conflict involving the US, Israel, and Iran, compounded by escalating tensions near the Strait of Hormuz—a strategic waterway carrying about 20% of global oil shipments. The government’s response includes one Provisional Measure and three presidential decrees designed...
Taiwan’s Ministry of Finance issued a notice on 16 March 2026, clarifying that only full-time personnel fully dedicated to R&D activities qualify as eligible expenditure for investment tax credits. To advance industrial innovation and enhance industrial competitiveness, companies or limited partnerships that have not committed any major violations of environmental protection, labor, or food safety...