Saturday, August 08, 2026
The Colombian government has confirmed that it will raise its ad valorem reciprocal tariff on a range of imports originating from Ecuador from 50% to 100%, escalating an ongoing trade dispute between the two countries. According to a presidential press release issued on 10 April 2026, the new tariff level will take effect on 1...
The OECD has released its Secretary-General’s Tax Report to G20 Finance Ministers and Central Bank Governors, prepared for their meeting under the United States presidency on 16 April 2026. Overview The OECD continues to support G20 priorities by advancing domestic and international tax priorities that foster stability and prosperity. Its tax policy and administration work...
Argentina’s tax administration (ARCA) has launched enrollment for a new Simplified Income Tax Regime, marking a significant change in how taxes are assessed on 14 April 2026. The initiative moves away from the traditional assumption of tax evasion and adopts a principle of “innocent until proven otherwise.” It is not an amnesty or tax pardon,...
Sri Lankan Inland Revenue Department (IRD) has issued Notice PN/VAT/2026-04/1 on 08 April 2026 to all Value Added Tax (VAT) registered persons, providing clarification on the VAT treatment of fabric imports and supplies following recent Gazette notifications issued under the Value Added Tax Act, No. 14 of 2002. The notice states that, in the exercise...
Poland’s Council of Ministers has approved a draft amendment to the Excise Duty Act on 14 April 2026, extending excise taxation to e-cigarettes that operate using electromagnetic induction. The reform aims to align their treatment with existing rules for devices that use electric heaters. Under the proposal, a flat excise duty of PLN 40 per...
The Dutch Ministry of Finance has initiated a public consultation regarding additional measures to prevent dividend stripping on 16 April 2026. Dividend stripping is a method by which individuals or companies attempt to pay less or no tax on dividends by separating the legal and economic rights to dividends. As of 1 January 2024, several...
The Constitutional Court of Colombia, in Communicado 14 issued a release on 9 April 2026, delivered three rulings addressing the Special Jurisdiction for Peace (JEP), provisions of the Colombian Penal Code, and a State of Economic and Social Emergency declared by the government. Restrictions on JEP jurisprudential rules struck down In Sentence C-073/26, the Court...
Sri Lankan Inland Revenue Department (IRD) has issued a formal reminder to taxpayers regarding Value Added Tax (VAT) obligations for the period ending 31 March 2026, reaffirming strict compliance requirements for payments, return submissions, and input tax credit claims under national fiscal regulations. The IRD stated that VAT payments for March 2026 must be made...
Lithuania State Tax Inspectorate has updated its excise duty guidance on heated tobacco products and electronic cigarette liquids, clarifying liability, rates, exemptions and compliance under the Law on Excise Duties on 14 April 2026. For heated tobacco products, the obligation to pay excise duties generally arises upon release for consumption, including removal from a duty...
Sri Lankan Inland Revenue Department (IRD) has issued a final reminder to all relevant taxpayers regarding the payment of VAT on Financial Services (VAT on FS) for March 2026, with the due date set as 20 April 2026. Taxpayers are required to settle all outstanding liabilities on or before this deadline to avoid enforcement action....