Tuesday, February 24, 2026
Romania’s Ministry of Finance has released draft legislation on 5 February 2026 proposing a 3% tax incentive for 2025, applicable to corporate income tax and microenterprise income taxes, which can also be used to offset other tax liabilities. The 3% bonus is applicable to a wide range of business entities for the 2025 fiscal year...
The Australian Taxation Office has updated its global and domestic minimum tax guidance on 9 February 2026 to reflect Australia’s signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information Return (GIR MCAA), which establishes a framework for the automatic exchange of GIR information between tax authorities as part of Pillar Two...
Malaysia’s Inland Revenue Board has updated its Pillar 2 Global Minimum Tax guidance with new Guidelines on Domestic Top-up Tax implementation in Malaysia and an updated FAQ, both on 3 February 2026. The GMT requirements apply for fiscal years starting on or after 1 January 2025, with first returns and payments due 30 June 2027,...
Qatar’s General Tax Authority (GTA) announced that it has implemented global and domestic minimum tax rules aligned with international standards through Cabinet Resolution No. (2) of 2026, published in the Official Gazette on 12 February 2026. This decision comes within the context of implementing Pillar 2 of the global initiative led by the Organisation for...
Singapore’s Prime Minister and Minister for Finance, Lawrence Wong, has delivered the FY2026 Budget Statement in Parliament on 12 February 2026, setting out a package of measures aimed at supporting businesses amid cost pressures while advancing fiscal sustainability and climate goals. The Budget combines short-term corporate tax relief with longer-term structural reforms, including the implementation...
Romania’s Ministry of Finance has issued a draft order on 9 February 2026 detailing how constituent entities subject to Law 431/2023 should account for deferred tax under the Minimum Taxation Directive (2022/2523). Entities applying Romanian accounting regulations (OMFP 1802/2014) This draft ministerial order establishes specific accounting guidelines for Romanian entities subject to the global minimum...
Turkey’s Ministry of Treasury and Finance has issued a new Tax Procedure Law Circular (VUK-196/2026-2) on 9 February 2026, outlining how inflation adjustment differences in the Investments-in-Progress account will be treated for tax purposes. The guidance, published by the Revenue Administration, specifies that such differences must be transferred to a special fund account, excluded from...
The Honduras Revenue Administration (SAR) has issued SAR Notice 02-2026, setting out the Progressive Income Tax (ISR) brackets and rates for individuals for the 2026 fiscal year. Under the notice, annual net taxable income up to HNL 228,324.32 (monthly income up to L22,360.36) is exempt, while higher income is taxed at rates of 15%, 20%,...
Malta’s government issued Legal Notice 38 of 2026 on 6 February 2026, amending the Excise Duty Act, Chapter 382 of the laws of Malta, to introduce excise duty on nicotine pouches from 1 April 2026. The changes are implemented through the Excise Duty Act (Amendment of the Fifth and Sixth Schedules) (Amendment) Regulations, 2026, which...
The Albanian government has approved amendments to the Income Tax Law and VAT Law under Law No. 79/2025, published on 15 January 2026. The standard period for amending annual individual income tax returns has been reduced from 36 to 24 months. Taxpayers may correct their return within six months of submission, with a maximum of...