Saturday, June 27, 2026
Bolivia’s government has announced two tax relief measures on 10 March 2026 aimed at easing financial pressure on citizens and businesses while improving tax system transparency. The National Tax Service (SIN) CEO, Jorge Zogbi Nogales, confirmed that the combined reforms will reduce the overall tax burden by approximately 2.39%, comprising a 0.45% reduction in the...
Albania’s Council of Ministers adopted Decision No. 113 on 27 February 2026, which officially replaced the previous Decision No. 613 from 29 July 2020. The new regulation appeared in the Official Gazette No. 49 on 5 March 2026. The decision modifies the lists identifying which jurisdictions participate in and are subject to reporting requirements under...
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA) under the Ministry of Finance, issued a notice on 10 March 2026 indicating that, where dividends are distributed by a company to an individual not residing in China or profit-seeking enterprise having its head office outside China, the tax withholder involved shall withhold a tax payable...
New Zealand’s Inland Revenue (IRD) has reduced interest rates on tax payments effective 16 January 2026. The underpayment rate dropped to 8.97% from the previous 9.89%, while the overpayment rate decreased to 2.25% from 3.27%. The earlier rates had been in place since 8 May 2025, making this the first adjustment in over eight months....
The South African Revenue Service (SARS) announced on 6 March 2026 that the crypto-asset reporting framework (CARF) took effect on 1 March 2026, which is a global standard developed by the OECD to strengthen tax transparency in the crypto asset environment. The CARF requires crypto asset service providers to report certain crypto asset transaction information...
The Italian tax authorities have issued Ruling Answer No. 70/2026, which addresses a specific tax query regarding whether a Swiss cantonal tax—the “Capital Tax”—can be deducted from the Italian taxes due under the Controlled Foreign Company (CFC) regime. Italy’s tax authority has ruled that a Swiss cantonal and municipal capital tax paid by a controlled...
Cambodia’s General Department of Taxation (GDT) has issued Notification No. 5097 GDT, establishing market interest rates for related-party and employee loans for 2025. Under Instruction No. 11946 GDT dated 21 August 2018, which covers documentation of interest among related parties, the GDT has determined the market rates based on the average annual loan rates of...
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance announced that, effective 1 January 2024, small and medium-sized enterprises (SMEs) that hire at least two additional domestic grassroots employees aged 24 or below, or 65 or above, and simultaneously increase their overall salary expenditures, may deduct 100% of the additional salary expenses for...
The Central Board of Direct Taxes (CBDT) has issued Notification No. 19/2026 in the Official Gazette on 5 March 2026, amending the Income-tax Rules, 1962 (Rules 114F, 114G, 114H) to bring crypto assets, central bank digital currencies (CBDCs), and specified electronic money products (SEMPs) under the Common Reporting Standard (CRS) framework and US Foreign Account...
France’s tax authorities have issued guidance on value-added tax (VAT) for dropshipping transactions where merchants sell goods online to consumers in France or other EU Member States without holding inventory and have not opted into the VAT “Import One Stop Shop” (IOSS) scheme. The ruling outlines how VAT must be declared and paid, depending on...