Saturday, August 08, 2026
Malta has ratified the amending protocol to San Marino Income Tax Treaty 2005 as amended by the 2009 protocol through Legal Notice 98 of 2026 on 17 April 2026. The protocol was signed on 1 April 2024. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. Earlier, the Sammarinese Official...
Malta has issued Legal Notice No. 97 of 2026 in the Official Gazette, setting out the double taxation relief on taxes on Income with Romania (Amendment) Order 2026 on 17 April 2026. The protocol, signed on 4 July 2024, is the first amendment to the agreement. Earlier, Romania’s President Klaus Iohannis has signed into law...
The Lithuanian Parliament (Seimas) approved the draft law ratifying the income tax treaty with Pakistan on 16 April 2026. Signed on 23 September 2025, this tax treaty aims to prevent double taxation and strengthen measures against tax evasion and profit shifting, in line with OECD and G20 standards. The agreement covers profit and income taxes...
Italy’s Revenue Agency announced on 17 April 2026 that the Ministry of Economy and Finance had published the Decree of 31 March 2026 in the Official Gazette on 16 April 2026. The decree approves a comprehensive update to 85 synthetic tax reliability indicators (ISAs), set to impact approximately 1.85 million Italian taxpayers across various business...
Finland’s Ministry of Finance announced on 17 April 2026 that it is preparing to introduce a tourist tax that would allow municipalities to generate additional revenue from visitors. The Ministry of Finance has begun drafting legislation following a feasibility assessment and stakeholder consultations. Finance Minister Riikka Purra emphasised that the new tax would provide tourism-heavy...
Kosovo and Belgium have signed a comprehensive income and capital tax treaty on 16 April 2026, marking a significant step in strengthening economic ties between the two nations. The agreement was formalised during the Spring Meetings in Washington DC by Kosovo’s Finance Minister Hekuran Murati and Belgium’s Deputy Prime Minister and Finance Minister Jan Jambon....
The Croatian Parliament is moving to adopt urgent amendments to the Value Added Tax Act that would authorise the government to temporarily modify VAT rates on energy products during market crises, bypassing the standard legislative process. The proposed legislation comes as Croatia faces continued uncertainty in energy markets following conflict in the Middle East. Before...
Taiwan’s Southern Area National Taxation Bureau of the Ministry of Finance has stated that income from completed contracted construction works must be reported as operating revenue in full upon completion, regardless of whether payment has been received, ahead of the 2025 profit-seeking enterprise income tax filing season. The Bureau explained that if a business has...
Irish Revenue issued eBrief No. 080/26 on 17 April 2026, updating guidance on Revised Entrepreneur Relief. The update relates to Tax and Duty Manual Part 19-06-02b, which guides the Capital Gains Tax (CGT) relief known as Revised Entrepreneur Relief under section 597AA of the Taxes Consolidation Act 1997. The relief allows a reduced CGT rate...
Singapore’s Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 6/2026 on 1 April 2026 clarifying the tax treatment of subordinated perpetual securities issued by a Singapore-listed real estate investment trust (REIT) trustee. The ruling addresses whether the subordinated perpetual securities qualify as “debt securities” under Section 43H(4) of the Income Tax...