Tuesday, February 03, 2026
The Senate of Burundi (the upper house of parliament) approved the income tax treaty with Morocco on 13 January 2026. The agreement, signed on 12 May 2025, aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion, encouraging foreign investment and trade between the two nations. It will enter into force...
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 16 January 2026 that since January 2026, the Electronic Tax Domicile (DTE) has become mandatory for all Legal Entities registered in the CNPJ, establishing itself as the official communication channel between the Federal Revenue Service and companies. The DTE is automatically assigned with no prior...
The Italian tax authorities have released the 2026 annual VAT return forms, Modello IVA 2026 and the simplified IVA BASE 2026, together with their official instructions for the 2025 tax year. The forms are available electronically on the Agenzia delle Entrate website. VAT-registered taxpayers must file the annual return electronically between 1 February and 30...
Finland has enacted legislation implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (2025/872) (DAC9), which comes into force on 1 January 2026. The law was published in the official gazette on 29 December 2025. This directive, adopted on 14 April 2025, introduces updated regulations to enhance the exchange of information related to...
French Prime Minister Sebastien Lecornu unveiled amendments to his draft 2026 budget on Friday 16 January 2026, aiming to secure support from the Socialist Party by raising income supplement benefit for low‑income workers, students, and pensioners. After three months of unsuccessful parliamentary negotiations, Lecornu had previously indicated he might bypass parliament to pass the budget....
Ireland has adopted new EU directives under the Finance Act 2025, bringing the Amending Directive to the 2011 Directive on Administrative Cooperation (2025/872) (DAC9) and the Amending Directive rules (2023/2226) (DAC8) into national law. DAC8 requires crypto asset service providers to report their customers’ crypto transactions to the tax authorities. DAC9 sets out a framework...
The Vietnamese Government issued Decree No. 320/2025/ND-CP on 15 December 2025, setting out detailed rules for the implementation of the Law on Corporate Income Tax (CIT). The decree provides a comprehensive framework for determining taxpayers, taxable income, allowable expenses and tax incentives, with the aim of standardising CIT application across sectors. The decree applies to...
Canada and China have reached a preliminary trade agreement aimed at resetting their relationship and removing key barriers. During Prime Minister Mark Carney’s visit to Beijing, the first Canadian prime minister to go there since 2017, both countries agreed to reduce tariffs on electric vehicles and canola products, while also signalling broader cooperation. Under the...
The US House of Representatives passed H.R. 7006 by a 341–79 vote on 14 January 2026, moving closer to finalising the FY 2026 federal budget. The bill would cut US Internal Revenue Service (IRS) funding by about USD 1.1 billion, roughly 9% below FY 2025 levels, reducing the agency’s budget to about USD 11.2 billion...
The Dominican Republic’s General Directorate of Internal Taxes (DGII), under the Ministry of Finance has issued Resolution No. DDG-AR1-2026-00001, setting out inflation adjustment multipliers, updated monetary thresholds and revised tax parameters for the 2025 fiscal year-end and the 2026 tax year. The resolution was issued on 15 January 2026 and is applicable from 1 January...