Monday, April 27, 2026
Lithuania’s Ministry of Foreign Affairs (MoFA) has confirmed that the 1999 tax treaty with Russia ended on 1 January 2026. The termination follows Lithuania’s adoption of Law No. XIV-2991 on 10 October 2024, after Russia suspended several provisions of the treaty in August 2023.
Ecuador’s Internal Revenue Service (SRI) has confirmed that the standard VAT rate of 15% will remain in effect for 2026. Circular NAC-DGECCGC25-00000006, issued on 26 December 2025, specifies that the 15% rate, established under Executive Decree No. 470 of 4 December 2024, will continue until any future executive decree changes it. Earlier, Ecuador extended the...
On 30 December 2025, the Irish Revenue issued eBrief No. 251/25, introducing a new stamp duty exemption for certain transfers of stocks and marketable securities. The exemption applies to qualifying transfers made between 1 January 2026 and 31 December 2030. On the same day, Revenue also released eBrief No. 252/25, which outlines various other updates...
The UAE’s Federal Tax Authority (FTA) issued guidance on the Profit Margin Scheme (VATGPM1) on 5 January 2026. The scheme, an optional VAT method, is designed to prevent double taxation on certain goods. The guide outlines eligible goods and transactions, explains how to calculate VAT under the scheme, and details the record-keeping and reporting obligations...
Malaysia’s Ministry of Finance released updated policy notices on sales and services tax (SST) on 5 January 2026. The key updates are as follows: Effective 1 January 2026, the service tax on rental and leasing services will be revised to support the industry. The current rate of 8% will be lowered to 6%, while the...
Bulgaria’s National Revenue Agency (NRA) has issued detailed guidance, on 31 December 2025, on how taxpayers should handle tax and social security payments following the country’s adoption of the euro (EUR) from 1 January 2026, replacing the Bulgarian lev (BGN). Payments in euros, even during dual circulation Starting 1 January 2026, all public receivables collected...
Colombia’s tax authority (DIAN) issued Resolution No. 000240 on 24 December 2025, establishing a formal framework for reporting crypto-asset transactions. Under the resolution, digital asset service providers must collect and report specific financial information and user identities to DIAN. The rules align with the OECD’s Crypto-Asset Reporting Framework (CARF), which promotes international tax transparency through...
Iceland’s tax authority, the Revenue and Customs, has published a notification regarding the annual filing of the Country-by-Country (CbC) report on 25 November 2025. Pursuant to Act no. 90/2003 on income tax, entities subject to Country-by-Country reporting obligations must, during 2026 and within one month of the end of the 2025 financial year (31 January...
Japan’s Ministry of Finance (MoF) has released the highlights of the tax reform proposals for the fiscal year 2026. The key elements of the proposals are outlined below: （１）Income tax reform to address rising prices Introduce the scheme, based on the FY2025 Tax Reform Act, to raise the basic exemptions and the minimum guaranteed amount...
Italy’s government has published Legislative Decree No. 186/2025 in the Official Journal No. 288 of 12 December 2025 as part of its ongoing tax reform under Law No. 111/2023. The Legislative Decree No. 186/2025 introduces significant updates and rationalisations to the Value Added Tax (VAT/IVA) framework, particularly concerning the third sector, social enterprises, and non-commercial...