Monday, April 27, 2026
Bulgaria has implemented new rules to support small businesses and align with the European Union (EU) VAT law. The changes, effective 1 January 2026, are part of the Law on Amendments and Supplements to the Value Added Tax Act to the Bulgarian Value Added Tax (VAT) Act, published in the Official Gazette on 30 December...
Taiwan’s tax authority, Taipei Customs, announced on 7 January 2026 that the Commodity Tax Act has been amended and passed, exempting sugar-free beverages from commodity tax, effective 1 January 2026. To facilitate compliance by both tax authorities and taxpayers, the Ministry of Finance issued the “Points to Note Regarding the Application of Commodity Tax Exemption...
China’s fiscal and tax authorities (STA) announced on 6 January 2025 that it will lower the value-added tax (VAT) rate from 5% to 3% for individuals selling housing purchased less than two years ago, effective 1 January 2026. The new policy, jointly released by the Ministry of Finance and the State Taxation Administration, further clarifies...
The Singapore Ministry of Finance (MOF) has published the Multinational Enterprise (Minimum Tax) (Administrative Matters) Regulations 2025 (S 861) on 30 December 2025, providing detailed rules for the designation of local filing entities, record retention, and other administrative matters under the Multinational Enterprise (Minimum Tax) Act 2024. The regulations take effect from 31 December 2025...
The Cyprus Tax Department, in an announcement on 7 January 2026, informed taxpayers that the deadline for submitting the VAT return and paying the VAT due for the period ending 30 November 2025, submitting the Recapitulative Statement (VIES) for December 2025, and submitting and paying the flat-rate VAT under the Special Urban Taxi Scheme for...
The Netherlands Ministry of Finance sent a letter to the House of Representatives on 5 January 2026 outlining the Side-by-Side arrangement for the Pillar 2 global minimum tax, which was recently agreed by the BEPS Inclusive Framework. The letter outlines the key elements of the Side-by-Side package. This agreement establishes criteria for recognising certain national...
Uruguay Uruguay’s Ministry of Economy and Finance issued Decree No. 325/025 on 29 December 2025, detailing how fiscal stability clauses that existed before the introduction of the Pillar 2 Qualified Domestic Minimum Top-Up Tax (QDMTT), or Impuesto Mínimo Complementario Doméstico (IMCD) in Spanish, should be applied. The decree sets out rules for the Domestic Minimum...
The Saudi Zakat, Tax, and Customs Authority (ZATCA) issued a Tax Bulletin clarifying the treatment of technical and consulting services under the Income Tax Law and applicable Double Taxation Avoidance Agreements on 25 December 2025. The guidance distinguishes between technical or consulting services and transfers of knowledge or know-how. Payments to non-residents for technical and...
Turkey published Law No. 7569 in the Official Gazette on 26 December 2025, approving the ratification of its income tax treaty with Hong Kong. The agreement, signed on 24 September 2024, aims to prevent double taxation and promote greater tax cooperation and transparency. The treaty will take effect once both parties have exchanged their ratification...
The Albanian Council of Ministers has approved a protocol to amend the 2010 income and capital tax treaty with Germany on 30 December 2025. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. The treaty’s first amendment, this protocol will only enter into force after it has been signed and...