Tuesday, February 24, 2026
Venezuela issued the Reform of the Organic Hydrocarbons Law in Extraordinary Official Gazette No. 6,978, dated 31 January 2026, on 29 January 2026. Key tax reforms are summarised as follows: Integrated hydrocarbons levy A new levy on hydrocarbons will be applied to monthly gross revenues, with rates reaching up to 15% and adjustable for each individual...
Argentina’s tax authority (ARCA) announced on 9 February 2026 that it implemented its Tax Innocence Regime through Law No. 27799, marking a fundamental shift away from decades of restrictive taxation that forced millions into the informal economy. ARCA has published the complete regulatory framework, giving citizens unprecedented freedom to manage their finances without constant scrutiny....
Spain issued Royal Decree-Law 2/2026 on 3 February 2026, reintroducing several measures that had been extended under the now-repealed Royal Decree-Law 16/2025 of 23 December 2025. Housing and eviction protections Eviction Suspension: Eviction procedures for vulnerable households without alternative housing are extended until 31 December 2026. Small Landlord Exception: Landlords owning two or fewer homes...
Romania’s Ministry of Finance has published a comprehensive fiscal and investment package on 9 February 2026, designed to accelerate economic recovery and modernise the country’s tax framework. Earlier, the Ministry of Finance published a draft bill proposing amendments to the Fiscal Code, as approved by Law No. 227/2015, on 5 February 2026. The initiative focuses...
Germany published the Act on the promotion of private investment and the financial sector in the Official Gazette (BGBl. I 33/2026) on 9 February 2026 . The Act aims to strengthen Germany’s financial sector and encourage private investment through a combination of tax incentives, regulatory simplification, and easier access to capital markets. Income tax: Increase...
The European Parliament’s Committee on Economic and Monetary Affairs has released a draft report on 2 February 2026 proposing a unified approach to taxing the EU’s financial sector. The document places particular emphasis on revising the VAT exemption for financial services and tackling the fragmentation caused by diverse national financial-sector taxes. The European Parliament is...
Ireland’s Revenue confirmed on 10 February 2026 that the “large corporates” will be considered within scope for Phase One of VAT Modernisation programme. This announcement follows Revenue’s publication of VAT Modernisation: Implementation of e-invoicing in Ireland in October 2025, which details implementation plans for domestic e-invoicing in preparation for the EU’s VAT in the Digital...
Vietnam’s government issued a statement mentioning that representatives of Uzbekistan and Vietnam convened an online meeting on 9 February 2026 to assess progress in bilateral cooperation, including discussions on finalising and signing an amending protocol to the 1996 income tax treaty between the two countries. Vietnam and Uzbekistan expressed satisfaction with the implementation of their...
The OECD hosted a technical webinar on the revised Manual on Effective Mutual Agreement Procedures (MEMAP) on 10 February 2026, in support of the broader focus of the BEPS Inclusive Framework and the Forum on Tax Administration (FTA) on improving international tax dispute resolution. This follows the OECD’s publication of the 2026 edition of the...
Belgium’s Federal Public Service (SPF) Finance announced on 9 February 2026 that new procedures apply to advance payments of the RIR supplementary tax under the Pillar 2 minimum tax rules for multinational enterprises and large national groups, starting in 2026. Entities must now make advance payments individually rather than collectively. Each taxable entity must use...