Saturday, August 08, 2026
Sri Lankan Inland Revenue Department has issued SEC/PN/VAT/2026-02 on 31 March 2026, notifying taxpayers of a further delay in the implementation of Value Added Tax (VAT) on services supplied through electronic platforms by non-resident service providers. The VAT implementation has now been postponed until 1 July 2026, pending a formal amendment to the VAT Act,...
France’s tax administration has issued guidance on the application of lower electricity excise duty following the enactment of 2026 Finance Act. Published on 1 April 2026, the guidance explains how Article 71 of Law No. 2026-103 should be applied by electricity suppliers and consumer taxpayers. The guidance clarifies the reduced rates in Article L. 312-65...
Ireland’s Revenue Commissioners published eBrief No. 067/26 on 30 March 2026, updating guidance on the application and operation of DAC6. DAC6 mandates reporting of cross-border tax arrangements showing specific “hallmarks” of potential tax avoidance, like confidentiality clauses or aggressive planning. Intermediaries or taxpayers disclose details to tax authorities for automatic exchange across EU states, enhancing...
Pakistan’s Federal Board of Revenue (FBR) has issued the draft notification S.R.O. 288(I)/2026 on 18 February 2026, which proposes a comprehensive framework for the online integration of businesses. This framework requires “integrated enterprises” to link their electronic invoicing hardware and software with the FBR’s computerised system for real-time reporting of sales. Key requirements for electronic invoicing...
Sri Lanka has rolled out a new standardised format for tax invoices as part of its ongoing Value Added Tax (VAT) modernisation efforts, with the changes now set to take effect from 1 April 2026. The new invoice requirements were officially announced through Gazette Notification No. 2463/05, published on 17 November 2025. While the reforms...
India’s Central Board of Direct Taxes (CBDT) has released Notification 54/2026 and Notification 55/2026, introducing amendments to the Income Tax Rules, 1962 and 2026, concerning the application of the general anti-avoidance rule (GAAR) on income derived from investment transfers. The primary objective is to exempt income derived from the transfer of investments made before 1...
Greece joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 18 March 2026, according to an OECD update published on 31 March 2026. The GIR MCAA is a global multilateral agreement developed by the OECD/G20 Inclusive Framework on BEPS. It provides the legal and technical framework for the automatic...
Finland has formally published its decision to suspend the 1996 income tax treaty with Russia, with the suspension set to take effect on 1 July 2026. The decision was published in Finland’s Official Gazette on 2 April 2026, following an announcement by the Ministry of Finance on 31 March 2026. The Finnish president approved the...
The Belarusian Council of the Republic (the upper house of parliament) has approved the income tax treaty between Belarus and Myanmar on 2 April 2026. The agreement was signed on 28 November 2025 during the official visit of Belarusian President Alexander Lukashenko to Myanmar. The agreement aims to establish a framework for eliminating double taxation...
Ghana has introduced the Value Added Tax Act, 2025 (Act 1151), replacing the previous VAT Act (Act 870) with a modernised framework that mandates the use of Fiscal Electronic Devices (FEDs) in VAT administration. Under the new legislation, businesses required to use FEDs must integrate these devices into their VAT filing process. VAT returns must...