Tuesday, April 07, 2026
The Lithuanian State Tax Inspectorate (VMI) published updated guidance on 18 March 2026, revising its official commentary on the Corporate Income Tax Law to clarify the taxation of profits distributed by unlimited liability entities and the treatment of redistributed dividends. The update specifies that profit distributed by Lithuanian partnerships and similar entities is non-taxable for...
The House of Representatives of Belarus (lower house) approved the draft law on 24 March 2026 to ratify the pending income tax treaty with Myanmar, by Resolution No. 292-P8/III, as published on the National Legal Internet Portal of Belarus. The agreement, originally signed on 28 November 2025, covers Belarus’s corporate profit tax and individual income...
The UK’s HM Revenue & Customs (HMRC) has published guidance on handling tax adviser sanctionable conduct, effective from 16 March 2026. From 1 April 2026, HMRC can take stronger action against advisers who deliberately contribute to tax non-compliance that causes, or is intended to cause, a tax loss. A tax adviser is defined as an...
Ireland’s Revenue published its latest Local Property Tax (LPT) statistics and reminded residential property owners to submit their LPT Returns on 24 March 2026. The valuation submitted through this process determines the LPT charge applicable for each year from 2026 to 2030. The report shows that over 1.9 million properties have filed returns and made...
Bosnia and Herzegovina’s Tax Administration of Republika Srpska has confirmed that 31 March 2026 is the deadline for submitting annual tax returns for 2025 and 2026. Returns can be filed electronically, and taxpayers are urged to meet the deadline to avoid penalties. Filing requirements by taxpayer type Taxpayer Type Return Type Year Notes Individuals Annual...
UK’s His Majesty’s Revenue and Customs (HMRC) has introduced regulations requiring the use of compatible software to submit information on business and property income and to maintain associated records. This information will be used to determine income tax liabilities under the Making Tax Digital (MTD) initiative. In addition, HMRC has published a policy paper proposing...
France has issued the GloBE payment notice that multinational enterprises liable for top-up tax under the GloBE Pillar Two rules must submit for the first time in 2026. All companies belonging to a group within the scope of Pillar Two rules must fulfil the three following reporting obligations: Notification form pursuant to Article 223 WW-I...
The German Ministry of Finance ( MoF) published draft bills on 24 March 2026 to ratify three international agreements aimed at strengthening tax transparency. The bills cover the CARF MCAA for crypto-asset reporting, the DPI MCAA for income from digital platforms, and the CRS MCAA addendum updating financial account reporting. The CARF MCAA, which Germany...
The French government has extended the reduced 10% VAT rate for certain forestry and fire prevention activities. Published on 25 March 2026, the update is included in Article 96 of the 2026 Finance Law (Law No. 2026-103) and in the official Bulletin of Public Finances (BOFiP). This announcement was made on 25 March 2026. The...
Irish Revenue published eBrief No. 063/26 on 25 March 2026, providing updated guidance on the participation exemption for specified foreign distributions Participation exemption for certain foreign distributions Tax and Duty Manual (TDM) Part 35-02-11 provides guidance on the participation exemption in section 831B TCA 1997, which is a corporation tax exemption for foreign-sourced dividends and...