Tuesday, March 17, 2026
The French tax authorities released guidance detailing VAT rules for international commercial transactions on 4 March 2026. The guidance focuses on distance sales of imported goods delivered to consumers in France or other European Union countries. It specifically addresses merchants who opt not to use the Import One Stop Shop (IOSS) simplified filing system. The...
The South African government has introduced the draft rates and monetary amounts and amendment of Revenue Laws Bill on 25 February 2026, outlining changes to tax legislation for the 2026/27 year. The Bill updates personal income tax brackets, rebates, exemptions, and thresholds across multiple tax categories. Personal income tax and rebates The Bill revises tax...
Honduras’ Tax Administration (SAR) on 23 February 2026 published updated guidance for legal entities to file corporate income tax (impuesto sobre la renta) returns, net assets tax (activo neto), and the solidarity contribution through the SAR Virtual Office (OVI). The guidance covers completing the Sworn Declaration for Legal Entities (Code 103), reporting income and expenses,...
Montenegro’s Parliament approved the law ratifying the income and capital tax treaty with Liechtenstein on 27 February 2026. Liechtenstein and Montenegro signed an income and capital tax treaty on the sidelines of the 80th session of the UN General Assembly in New York on 25 September 2025. The treaty follows the latest international standards and...
Russia’s Parliament has put forward a draft federal law aiming to restructure the country’s personal income tax (PIT) system. Under Draft Law No. 1160313‑8 on 25 February 2026, the reform would exempt low-income individuals from taxation while significantly raising rates for the wealthiest citizens. The measure also proposes including investment dividends in the general tax...
India and Canada aim to conclude a free trade agreement by the end of 2026, Prime Minister Mark Carney said on 2 March 2026, during his first visit to New Delhi. The deal is intended to restore economic ties after years of diplomatic tension. Both countries hope the agreement will boost bilateral trade from nearly...
The Russian Ministry of Finance (MoF) has submitted amendments to the Tax Code aimed at helping small and medium-sized enterprises (SMEs) adapt to the tax changes that took effect in 2026. The Tax Code is proposed to be supplemented with the following provisions: VAT exemption for catering services From April 1 to 31 December 2026,...
Taiwan’s Taipei National Taxation Bureau, Ministry of Finance, has opened applications for supporting measures related to the 114th annual individual income tax return filing, scheduled for May 2026 (year 115). Taxpayers can submit requests between 15 February and 16 March 2026. The Bureau said taxpayers can apply for the following: Change of mailing address for...
Spain’s Congress of Deputies has officially repealed Royal Decree-Law 2/2026, originally issued on 3 February 2026. The repeal was formalised in a Congressional Resolution dated 26 February 2026 and published in the Official State Gazette (BOE) on 28 February 2026. The decree, which aimed to address urgent measures related to social vulnerability, tax reforms, and...
US President Donald Trump threatened to impose a full trade embargo on Spain on 3 March 2026. This escalation follows Spain’s refusal to allow the US military to use shared bases for strikes on Iran. At a White House briefing, Trump described Spain as “terrible” and indicated, “we’re going to cut off all trade.” He...