Tuesday, February 24, 2026
Bangladesh and Japan signed an Economic Partnership Agreement (EPA) on 6 February 2026 in Tokyo, establishing Bangladesh’s first comprehensive bilateral trade deal with a major developed economy. The agreement is expected to cost Bangladesh less than BDT 20 crore annually in forgone import duties on Japanese goods, while strengthening access to Japan’s market. Under the...
Irish Revenue has released eBrief No. 032/26 on 4 February 2026, announcing updates to its Tax and Duty Manuals (TDMs) relating to Relevant Contracts Tax (RCT). RCT is a withholding tax that applies to specific payments made by principal contractors to subcontractors operating in the construction, forestry and meat-processing sectors. The following two Tax and...
The South African Revenue Service (SARS) published Binding Private Ruling (BPR) 424 on 6 February 2026, setting out its view on the deductibility of interest incurred on loan funding used to redeem preference shares and to settle current or accumulated preference share dividends under the Income Tax Act 58 of 1962. The ruling concerns the...
Mexico’s Tax Administration Service (SAT) has issued Official Letter No. 700-04-00-00-00-2026-003, publishing an updated list of non-resident digital service providers registered in the Federal Taxpayers Registry (RFC) for VAT purposes. The letter was published in the Official Gazette on 30 January 2026 and entered into force the same day. The updated list reflects compliance for...
The US and Bangladesh have agreed to an Agreement on Reciprocal Trade (Agreement) to enhance their bilateral economic relationship. The deal builds on the longstanding US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) of 2013. This announcement was made on 9 February 2026. Under the Agreement, Bangladesh will provide significant preferential market access for US...
Portugal’s Tax and Customs Authority has issued Circular Letter No. 20288/2026 on 2 February 2026, outlining municipal surcharge (derrama municipal) rates applicable to corporate taxable profits for the 2025 fiscal year. The circular specifies standard rates, reduced rates, and exemptions for municipalities across mainland Portugal and the Autonomous Regions of the Azores and Madeira. Standard...
The Colombian Superintendence of Industry and Commerce (SIC) has announced revised corporate integration fees for 2026, covering mergers, acquisitions, and other corporate integration processes. The adjustments, outlined in Resolution No. 40806 of 27 January 2026, were published on the SIC website on 31 January 2026. Under the new schedule, the notification stage fee is set...
Sri Lanka’s Inland Revenue Department (IRD) has issued a reminder to taxpayers carrying on the business of bookmakers and gaming to make the Levy payment on the gross collection for January 2026 on or before 7 February 2026. Under the current rules, a levy at the rate of 18% on the gross collection of a...
The US has removed the 25% additional tariff on goods imported from India after President Donald Trump signed an executive order, “Modifying Duties to Address Threats to the US by the Government of the Russian Federation”. The order took effect at 12:01 a.m. Eastern Standard Time on 7 February 2026, following a trade agreement announced...
Italy’s Revenue Agency has clarified on 9 February 2026 that funds withheld by Renewable Energy Communities (CERs) from member incentives fall outside VAT regulations and don’t count as taxable revenue. According to the Response No. 22/2026, the Agency addressed how CERs should treat withheld portions of incentives from the Electronic Services Manager (GSE). The ruling...