Saturday, August 08, 2026
Italy’s Revenue Agency has announced that it has enacted Law no. 50 of 20 April 2026, converting Decree Law no. 19/2026, which introduces significant tax simplifications as part of the National Recovery and Resilience Plan (NRRP) implementation. POS receipt storage requirement eliminated The new legislation abolishes the decade-long requirement to retain paper receipts from POS...
Taiwan’s Ministry of Finance has released a notice, on 21 April 2026, setting out the income tax return filing period for the 2025 tax year. The Ministry of Finance states that the filing period will begin on 1 May 2026. As that day is a national holiday, tax offices will be closed to the public...
Belgium has enacted a law that introduces capital gains taxation on financial assets, effective 1 January 2026. The Act, signed into law on 6 April 2026, represents a fundamental shift in how the country taxes investment income. Progressive tax structure for different asset categories The new law establishes three distinct categories of taxable capital gains....
The Province of Buenos Aires has introduced the Provincial Strategic Investment Regime under Law 15,510, offering substantial tax incentives to attract productive investments that strengthen the region’s economy and development. Investment thresholds and tax exemptions The regime targets projects starting at USD 5 million, with benefits scaling based on investment size. Projects between USD 5...
Nigeria’s Joint Revenue Board (JRB) has released the Personal Income Tax Guidelines 2026 on 7 April 2026. The 2026 Personal Income Tax Guidelines established a comprehensive framework for tax compliance and administration. These regulations mandate that all taxable persons and employers obtain a unique Tax Identification number and adhere to strict filing deadlines for annual...
The Luxembourg tax administration issued Circular L.I.R. n° 56/2 – 56bis/2 on 13 April 2026, introducing a simplified and rationalised approach for applying the arm’s length principle to baseline marketing and distribution activities, referred to as “Amount B”. The measure follows the OECD’s Pillar One report and is intended to ease transfer pricing compliance and...
The Australian Taxation Office (ATO) announced on 21 April 2026 that from Tax Time (TT) 2026, reportable tax position (RTP) schedule obligations will apply to large APRA-regulated super funds and large collective investment vehicles (CIVs) that have: total fund/business income exceeding AUD 250 million, and meet the lodgment criteria set out in the relevant RTP...
Qatar’s General Tax Authority has issued a new user guide, “The Direct Application of Double Taxation Avoidance,” in connection with the newly launched “Register as a Trusted Entity” service on the Dhareeba platform. The GTA has introduced a new “Trusted Entity Service” to simplify the application of withholding tax (WHT) treaty benefits in Qatar. Under...
The Romanian government published Government Emergency Ordinance (GEO) No. 8/2026 in the Official Gazette on 25 February 2026, introducing sweeping fiscal reforms designed to stimulate industrial development, attract strategic investments, and modernise the country’s tax framework. Most provisions take effect from 1 March 2026. Corporate tax changes and R&D incentives The ordinance introduces a 10%...
New York Governor Kathy Hochul and Mayor Zohran Mamdani unveiled a joint proposal on 15 April 2026 to impose a new tax on second homes valued above USD 5 million. The measure specifically targets ultra-wealthy individuals who maintain expensive properties in New York City that remain vacant for most of the year. Mayor Mamdani’s office...