Saturday, August 08, 2026
The Slovak Republic’s Ministry of Finance has issued Guidance No. MF/016959/2025-724, which provides updated rules for the taxation of income derived by nonresidents from computer programs (software). This guidance, effective from 1 January 2026, aims to ensure a uniform procedure in assessing whether such payments are subject to withholding tax in Slovakia. A fundamental shift...
UK’s HMRC has issued updated guidance on the foreign income and gains (FIG) regime on 6 April 2026, setting out eligibility criteria, claim procedures, qualifying income and gains, and the implications for tax allowances. Background: FIG replaces remittance basis The FIG regime, introduced on 6 April 2025, replaces the remittance basis of assessment following its...
The Inland Revenue Authority of Singapore has introduced measures on Corporate Income Tax (CIT) rates, rebates, and tax exemption schemes, clarifying enhancements to the CIT Rebate and the CIT Rebate Cash Grant for the Year of Assessment (YA) 2026. The update is aimed at providing additional support to companies through these measures to help them manage...
Guilherme Mello, Brazil’s Planning Ministry’s newly appointed executive secretary, said on Wednesday, 8 April 2026, that Brazil is pressing ahead with fiscal discipline despite an upcoming presidential election, with new spending caps and restrictions on tax incentives set to take effect in 2027 A fiscal package introduced in 2024 built automatic adjustment mechanisms into Brazil’s...
The Italian Revenue Agency has issued an Order (Provision), on 8 April 2026, approving the technical specifications for the electronic filing of the annual global minimum tax return, covering top-up tax obligations under the Income Inclusion Rule (IIR), the Undertaxed Profits Rule (UTPR), and the Qualified Domestic Minimum Top-up Tax (QDMTT). The Revenue Agency also...
Finland’s Tax Administration issued detailed guidance regarding the minimum tax for large corporate groups yesterday, 9 April 2026, focusing on group identification and income allocation. This regulatory framework applies to both large domestic groups, where all entities are in Finland, and multinational groups, which have at least one entity or permanent establishment in a different...
The Romanian Ministry of Finance (MOF) has issued an approval report on the draft order of the President of the National Agency for Fiscal Administration (ANAF) concerning the automatic recalculation, by the tax authority, of the health insurance contribution, along with the approval of the model and content of relevant forms. This announcement was made...
Brazil’s tax authority, the Federal Revenue Service (RFB) issued Normative Instruction No. 2,306 on 23 January 2026, modifying the taxation framework for companies operating under the presumed profit regime. The changes establish a tiered system that affects businesses with substantial annual revenues. Companies taxed under the presumed profit method will face a 10% increase in...
The Slovak Republic’s parliament is reviewing a draft legislation that would introduce significant changes to VAT registration requirements from 1 July 2026, including higher turnover thresholds aimed at easing the burden on small businesses. The new legislation raises the mandatory VAT registration threshold to EUR 83,000 in annual turnover, up from the previous limits of...
Romania’s Ministry of Finance has expanded access to pre-filled tax data for the Single Tax Return (D212), aiming to simplify taxpayers’ interactions with the tax administration. From 9 April 2026, reports containing pre-filled information are available directly in the “Messages” section of the Virtual Private Space (SPV) for all users logging in with a digital...