Saturday, August 08, 2026
The European Commission and the European Parliament reached an agreement on 25 March 2026 to establish the new EU Customs Authority (EUCA) in Lille, France. The Commission received nine applications from Member States looking to host EUCA. It then prepared a neutral and factual assessment of these applications and sent it to the co-legislators on...
The US Internal Revenue Service (IRS) in a release on 2 April 2026 noted that it continues to deliver excellent service to taxpayers during the 2026 filing season with the rise in tax refunds, the smooth pace at which taxpayers are getting their refunds and the high use of electronic filing. “With less than two...
The Cyprus Tax Department announced on 2 April 2026 that the Administrative Cooperation in Taxation Law (Amendment) of 2026 (DAC8) officially entered into force on 1 January 2026, introducing new reporting obligations for cryptocurrency service providers. Under Article 7F and Annex IV of Law N.38(I)/2026, Reporting Crypto-Asset Service Providers must follow specific data submission requirements...
The Hong Kong Inland Revenue Department (IRD) has introduced electronic completion and filing of Hotel Accommodation Tax returns, effective 1 April 2026. In addition to the existing paper returns, starting from 1 April 2026, hotels may choose to download an e-fillable return from GovHK (www.gov.hk) (Home > Business & Trade > Government Form Catalogue >...
Poland announced, on 27 March 2026, details the specific nations and territories subject to tax information reporting requirements for the year 2025. The decree facilitates the automated exchange of financial data under the Common Reporting Standard (CRS) to ensure transparency and combat global tax evasion. Published in the Official Gazette by the Minister of Finance...
Qatar’s General Tax Authority (GTA) announced on 1 April 2026 that it intends to launch the excise tax warehouse licensing service as part of its efforts to enhance the implementation of excise tax and streamline related procedures. This service enables the licensing premises designated for the production, processing, possession, storage, or receipt of excise goods,...
Romania’s Ministry of Finance has unveiled emergency measures on 2 April 2026 to shield consumers from surging fuel costs triggered by rising hostilities in the Middle East and global oil supply disruptions. Starting immediately upon the ordinance’s implementation, the excise duty on standard diesel fuel drops by RON 0.3 per litre. This reduction remains in...
Germany’s federal government has agreed to reduce the air travel tax, lowering rates for short-, medium-, and long-haul flights from 1 July 2026. The move is intended to strengthen the aviation sector and enhance Germany’s position as an international aviation hub. Under the new rates, short-haul flight taxes will fall from EUR 15.53 to EUR...
Korea (Rep.) will increase its temporary fuel tax reductions to ease costs amid the Middle East conflict, the finance ministry said Thursday 2 March 2026. Gasoline taxes will rise from a 7% cut to 15%, and diesel from 10% to 25%. The measure, originally set to end in April, will now continue through May. Fuel...
India’s Central Board of Direct Taxes (CBDT), under the Ministry of Finance’s Department of Revenue has announced the signing of a record 219 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2025-26. This total includes both Unilateral APAs (UAPAs) and Bilateral APAs (BAPAs), bringing the cumulative APA count to 1,034—comprising 750 UAPAs and 284...