Tuesday, April 07, 2026
Italy’s tax authority has published the Annual Law on Small and Medium-Sized Enterprises (Law No. 34/2026) in the Official Gazette on 23 March 2026, which introduces targeted tax measures to boost business collaboration and attract foreign investment. Business network tax incentives return Legislative Decree no. 5/2009 introduced the so-called network contract. This institution aims to...
Australia’s House of Representatives introduced and gave the first reading to the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 on 25 March 2026. The Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 outlines several legislative changes aimed at refining the Australian taxation and superannuation systems. A...
Estonia’s government approved the signing of the income and capital tax treaty with the UK on 19 March 2026. The updated treaty is structured to comply with current international norms, in accordance with the OECD/G20 Base Erosion and Profit Shifting (BEPS) guidelines. The treaty must be signed and ratified before it can enter into force....
After 8 years of negotiations, Australia has secured a landmark trade deal with the European Union, the world’s second largest economy, according to a media release on 24 March 2026. The Australia–European Union Free Trade Agreement will lower trade and investment barriers between Australia and the European Union, a market of around 450 million people....
Qatar’s General Tax Authority (GTA) issued a release on 24 March 2026 regarding a new service for the direct application of treaty benefits, as introduced under Cabinet Resolution No. (4) of 2026 as part of its ongoing efforts to develop the tax services ecosystem and enhance its effectiveness. The service aims to enable eligible entities...
The Czech Republic has published Financial Bulletin No. 5/2026 on 20 March 2026, which includes an updated list of jurisdictions classified as non-cooperative for tax purposes, aligning its domestic rules with the latest decisions of the Council of the European Union. The update list reflects changes to the European Union blacklist as of 6 March...
Ukraine’s Cabinet of Ministers approved a draft law to ratify the 2025 income tax treaty with Australia on 18 March 2026. This announcement was made by the Ministry of Finance on 19 March 2026. The agreement will eliminate double taxation concerning taxes on income, capital, fringe benefits, and withholding tax without creating opportunities for non-taxation...
Costa Rica has gazetted Resolution No. MH-DGT-RES-0010-2026 on 20 March 2026, which modifies the previous Resolution No. MH-DGT-RES-0055-2025 regarding the use of Form 270. This form is used for the “Monthly Summary Information Return of Clients, Suppliers, and Specific Expenses not covered by an electronic voucher”. The amendment was prompted by tax obligors reporting a...
The US Internal Revenue Service (IRS) issued Revenue Procedure 2026-17, which provides guidance on withdrawing elections for excepted trades or businesses under §163(j)(7) and making late elections to opt out of bonus depreciation under §168(k)(7). It became effective on 18 March 2026. Rev. Proc. 2026-17 Purpose 01 Withdrawal of a § 163(j) election. This revenue...
The Russian government has submitted a draft federal law to the State Duma proposing a partial exemption of temporary disability (sick leave) benefits from personal income tax (PIT). Overview of the proposal The bill seeks to amend Article 217 of the Tax Code of the Russian Federation. Currently, all state benefits are tax-exempt except for...