Saturday, June 27, 2026
The UAE has launched Phase 1 of its Research and Development (R&D) Tax Incentives Programme, aimed at strengthening the country’s innovation ecosystem and supporting sustainable economic growth. Under the initial phase, businesses can claim a non-refundable R&D tax credit of up to 50% on qualifying expenditure of up to AED 5 million. The measure is...
The Oman Tax Authority (OTA) has launched the “Fawtara” platform, initiating the phased introduction of electronic invoicing across the country. The system aims to improve the collection and monitoring of transactional data and standardise invoice exchanges between businesses, service providers, and the Tax Authority. The implementation will follow four phases: Phase 1: 100 large VAT-registered...
Bosnia and Herzegovina’s House of Representatives adopted amendments to the Law on Excise Duties on 16 March 2026, enabling the Council of Ministers to reduce or abolish excise duties on diesel, petrol, kerosene, heating oil, and biofuel for up to six months within a fiscal year. The changes were approved under urgent procedure and now...
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged business sector establishments subject to VAT, with goods and services revenues exceeding SAR 40 million, to file their tax returns for last February 2026, on a date no later than 31 March 2026. ZATCA has called on establishments to file their tax returns immediately through...
Poland has published the Act of 13 February 2026 amending the Act on the Exchange of Tax Information with Other Countries and certain related legislation in the Official Gazette on 17 March 2026, implementing the Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8) and Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). DAC8...
The European Commission, on 18 March 2026, presented its proposal and a dedicated FAQ page for EU Inc., a new single set of corporate rules, building the cornerstone and starting point for the EU’s 28th regime. EU Inc. is an optional, digital-by-default European corporate framework. It will make it easier for businesses to start, operate...
Romania’s Ministry of Finance has published Order No. 203/2026 in the Official Gazette No. 196 on 13 March 2026, detailing how deferred tax is to be recorded in the accounting records of constituent entities subject to Law No. 431/2023, which implements the Minimum Taxation Directive (2022/2523). The Order does not introduce any significant changes compared...
The Hong Kong Inland Revenue Department (IRD) announced, on 18 March 2026, a temporary suspension of its electronic profits tax return filing service in preparation for the rollout of a new version on 1 April 2026. To facilitate system update, the electronic filing services (including “Uploading of Data Files for Supplementary Forms and Supporting Documents...
Austria’s Council of Ministers approved, on 11 March 2026, the start of negotiations for an amending protocol to the 1978 income and capital tax treaty with Malta. The new protocol is being negotiated to fix a tax issue for aviation staff and to bring the treaty in line with OECD rules on corporate and personal...
Luxembourg published the Law of 10 March 2026 in the Official Gazette on 16 March 2026, ratifying the amending protocol to the 2007 income and capital tax treaty with Georgia. The protocol, signed on 3 July 2025, replaces Article 27 (Exchange of Information) of the treaty to align the exchange of information framework with standards...