Monday, April 27, 2026
Malta’s Tax and Customs Administration (MTCA) has confirmed that the European Union’s Carbon Border Adjustment Mechanism (CBAM) will enter full operation on 1 January 2026. This announcement was made on 24 December 2025. Under the new rules, importers of goods covered by CBAM must be authorised as CBAM declarants and report the embedded carbon emissions...
Russia has enacted a series of tax reforms for 2026 under Federal Law No. 425-FZ of 28 November 2025, introducing changes across VAT, corporate taxation, and digital asset regulation. The reforms took effect on 1 January 2026. The standard VAT rate has risen from 20% to 22%, while the reduced 10% rate remains for essential...
Peru’s National Superintendency of Customs and Tax Administration (SUNAT) has issued Superintendency Resolution No. 000386-2025/SUNAT, establishing the filing and payment schedule for annual Income Tax and Financial Transactions Tax (ITF) returns for the 2025 tax year. The resolution was published on 29 December 2025 and came into effect immediately. The schedule applies to individuals and...
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) announced the issuance of a decision by the Minister of Finance approving the extension of the Initiative to Cancel Fines and Exempt Taxpayers from Financial Penalties for those subject to all tax systems, for a period of six Gregorian months starting from 1 January 2026. This announcement...
Malaysia gazetted the Finance Act 2025 and the Measures for the Collection, Administration and Enforcement of Tax Act 2025 on 31 December 2025. These laws give effect to selected measures announced in the 2026 Budget and additional tax measures. The key tax measures include: New taxes and adjustments to income rules From the year of...
Finland’s government has presented a legislative proposal (HE 196/2025) to parliament (published on 2 January 2026), which seeks to amend the Act on the Minimum Tax for Large Groups (1308/2023) to incorporate the OECD and G20 Inclusive Framework guidance on minimum taxation issued in 2024 and 2025. The Act also seeks to enable the Tax...
Chile’s Internal Revenue Service (SII) issued Resolution No. 205 on 30 December 2025, setting the daily interest rate for late tax payments for the first half of 2026 (January – June 2026). Under Law No. 21.713, the late payment penalty changed from 1.5% per month to a daily rate equal to the market interest rate...
Malawi’s President has signed the Value Added (Amendment) Act 2025, raising the VAT rate from 16.5% to 17.5%. The Act received presidential assent on 20 December 2025 and was gazetted on 30 December 2025, entering into force the next day, 31 December 2025. The VAT rate increase is part of Malawi’s 2025-26 Mid-Year Budget Review...
The OECD announced, on 5 January 2026, that the 147 countries and jurisdictions working together within the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS have agreed on the key elements of a side-by-side arrangement, including, among other features, two safe harbours applicable to MNE groups headquartered in jurisdictions recognised by the Inclusive...
Croatia published Ordinance No. 2396 in the Official Gazette on 31 December 2025, amending the rules governing the automatic exchange of tax-related information (AEOI). The ordinance expands reporting obligations for financial institutions, platform operators, and crypto-asset service providers. It sets new rules for identifying and reporting crypto-asset transactions and users. Additionally, the ordinance establishes due...