Saturday, June 27, 2026
The Central Region National Taxation Bureau of the Ministry of Finance (Taiwan) has announced that small-scale business owners whose operations are interrupted due to heavy rain or other natural disasters may apply for tax relief for disaster losses in accordance with relevant regulations. Eligible businesses may, subject to approval, deduct the number of days during...
The Irish Revenue has issued eBrief No. 043/26 announcing updates to the Employers’ Guide to Pay As You Earn (PAYE) with effect from January 2019. The PAYE system is a method of tax deduction under which employers calculate and deduct income tax each time wages, salaries, or similar payments are made to employees. Employers must...
The Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 4/2026 on 2 March 2026, addressing whether the sale of a company’s property should be regarded as a capital transaction rather than taxable trading income. The ruling considers the disposal of property owned by Company A, which is incorporated in Singapore and...
Irish Revenue issued eBrief No. 041/26 on 2 March 2026, announcing updates to guidance on Expressions of Doubt under the Full Self-Assessment system for Income Tax, Corporation Tax and Capital Gains Tax. The update revises Tax and Duty Manual (TDM) Part 41A-03-00 – Expression of Doubt – Full Self-Assessment. It includes the insertion of a...
Korea(Rep.)’s National Tax Service (NTS) has rolled out comprehensive tax support and administrative measures to assist businesses facing economic challenges and to strengthen strategic growth sectors in 2026. Corporate liquidity and payment extensions The NTS has earmarked KRW 3 trillion to support around 100,000 corporations, including export-oriented firms experiencing revenue declines, companies in the petrochemical,...
Colombia’s National Tax and Customs Directorate (DIAN) announced, on 4 March 2026, that several tax deadlines will be extended because the third Friday of April was declared a civic holiday for national-level entities under Decree 500 of 2024. For 2026, the third Friday of April falls on 17 April. Under Decree 2229 of 2023, any...
Hungary’s National Tax and Customs Administration (NTCA) and Ministry of National Economy (NGM) have published a roadmap for implementing the EU’s ViDA directive. The plan outlines major changes to Hungary’s e-invoicing system. Core requirements and technical standards Mandatory e-invoicing: The implementation will mandate e-invoicing for all domestic and cross-border transactions, covering both accounts receivable and...
The Turkish Revenue Administration has announced updated special consumption tax (SCT) amounts for certain petroleum products following the reintroduction of the fuel price stabilisation mechanism. The changes were implemented under Presidential Decision No. 10995, which establishes a sliding-scale mechanism to offset potential fuel price fluctuations arising from changes in international oil prices or exchange rates....
The OECD’s Global Forum’s 2026 Capacity-Building Report, titled “Strengthening Capacities to Advance Tax Transparency and Mobilise Domestic Resources”, was released on 5 March 2026, highlighting significant progress in tax transparency, particularly for developing nations. Since 2009, member jurisdictions have identified EUR 135 billion in additional tax revenues, with EUR 48 billion benefiting developing countries. In...
The European Commissioner for Trade and Economic Security, Maroš Šefčovič and the Canadian Minister for International Trade, the Honourable Maninder Sidhu, co-chaired the fifth meeting of the Joint Committee of the European Union (EU)-Canada Comprehensive Economic and Trade Agreement (CETA) on 6 March 2026. At the Joint Committee meeting, the co-chairs emphasised the vital importance...