Saturday, June 27, 2026
Malawi’s Minister of Finance, Economic Planning and Decentralisation has presented the 2026-27 Budget Policy Statement to the National Assembly of Malawi on 27 February 2026. Framed under the theme of “Driving Economic Recovery and Sustainable Growth through Impactful Reforms and Fiscal Consolidation,” the budget outlines a significant overhaul of the nation’s tax landscape. While the...
Brazil’s tax authority, the Federal Revenue Service (RFB), has updated its Export Manual to reflect changes introduced by Provisional Measure No. 1,340, issued on 12 March 2026. Previously limited to specific products like cigarettes, the Export Tax (IE) now extends to petroleum products with substantial rates. New tax rates Two key products are now subject...
The Italian Revenue Agency has provided detailed guidance on the mandatory connection between point-of-sale (POS) devices and electronic cash register systems, effective from 1 January 2026. This requirement, introduced by the 2025 Budget Law, aims to ensure alignment between fiscal certification and electronic payments, enabling the Agency to detect discrepancies between reported turnover and actual...
The US Trade Representative (USTR) Jamieson Greer and Ecuadorian Minister Luis Alberto Jaramillo signed a reciprocal trade agreement opening Ecuador’s market of over 18 million consumers to American agricultural and industrial exports on 13 March 2026. Ambassador Greer emphasised that the deal will expand bilateral trade and investment while strengthening U.S. competitiveness in Latin America,...
Romania’s tax authority, the National Agency for Fiscal Administration (ANAF) announced on 13 March 2026, according to Article II, point 42 of Law No. 141/2025 on fiscal-budgetary measures, published in the Official Gazette of Romania, Part I, No. 699 on 25 July 2025, significant changes to value-added tax rates came into effect from 1 August...
Japan’s Ministry of Foreign Affairs announced on 13 March 2026 that officials from Japan and the Czech Republic have successfully concluded negotiations and agreed in principle on a new income tax treaty. The agreement was initialled by both parties on 6 March 2026, following a second round of negotiations. The new convention will replace the...
The Jersey States Assembly approved the income tax treaty with Bahrain on 12 March 2026. The Government of Jersey signed an income tax treaty with Bahrain on 16 September 2025. The treaty covers the taxation of corporate income in Bahrain and income in Jersey, establishing how each jurisdiction applies its tax rules. Under the agreement,...
Montenegro has issued the law ratifying the income and capital tax treaty with Liechtenstein, publishing it in the Official Gazette on 9 March 2026. Liechtenstein and Montenegro signed an income and capital tax treaty on the sidelines of the 80th session of the UN General Assembly in New York on 25 September 2025. It will...
Bangladesh has asked Bhutan to submit a proposal for a potential free trade agreement (FTA) following Bhutan’s interest in upgrading the existing preferential trade agreement (PTA), Commerce Secretary Mahbubur Rahman said on 12 March 2026. Once received, the proposal will be examined by the government’s technical committee on trade before a final decision is made....
The UK has amended its Climate Change Levy (CCL) rules with the introduction of the Climate Change Levy (Fuel Use and Recycling Processes) (Amendment) Regulations 2026, made on 11 March 2026 and effective from 12 March 2026. The regulations update the Climate Change Levy (Fuel Use and Recycling Processes) Regulations 2005, broadening the list of...