Tuesday, February 24, 2026
The Nigeria Revenue Service (NRS) has ended the road infrastructure tax credit programme on 5 February 2026, citing its inability to verify construction projects completed under the initiative. NRS Chairman Zacch Adedeji announced the decision, explaining that project verification falls outside the agency’s legal mandate. He emphasised that approving tax credits for road construction constitutes...
US President Donald Trump signed an executive order, “Addressing Threats to the United States by the Government of Iran,” on 6 February, which imposes additional tariffs on imports from countries that trade with Iran, building upon decades of US sanctions dating back to 1995. A fact sheet on the executive order has also released on...
Italy’s Revenue Agency has clarified in Response No. 25 on 9 February 2026 that agricultural businesses that determine income from cadastral (land registry) records can access the tax credit for investments in the Single Special Economic Zone (ZES) of Southern Italy, even when using simplified accounting methods. The clarification addresses concerns from an agricultural entrepreneur...
Nicaragua’s tax authority (DGI) issued Notice No. 019-02-2026 on 2 February 2026, establishing tax compliance deadlines for taxpayers with annual income below NIO 60 million. The notice specified that the filing deadline for January 2026 tax returns was 5 February 2026. Furthermore, the DGI outlined the following payment schedules: Taxpayer category Tax obligation Declaration deadline...
China’s Ministry of Finance and the State Taxation Administration have issued Announcement No. 15 of 2026 on 30 January 2026, in which it issued provisional rules clarifying the deduction of input VAT on long-term assets, with a particular focus on so-called “mixed-use” assets. The rules are set out in an attachment to Announcement No. 15...
Romania has published Order no. 164/2026, which amends Order no. 1644/2022 in the Official Gazette No. 91 on 4 February 2026. The order revises the reporting requirements for cash-on-delivery shipments by postal service providers. The amendments build on Law 239/2025, which established a logistics tax effective 1 January 2026. This legislation requires postal operators and...
The EU has dramatically increased import duties on Chinese ceramic tableware and kitchenware to 79%, replacing the previous range of 13.1% to 36.1% that had been in effect since 2013. The European Commission justified the steep increase by citing evidence that Chinese ceramic manufacturers receive government assistance through preferential financing, subsidised land, and cheaper raw...
Romania has pushed back the mandatory implementation of its RO e-Factura system for small and medium-sized enterprises to 1 July 2026. This extension provides businesses with lower annual revenues more time to get their systems ready for electronic invoicing. The postponement applies to SMEs with an annual turnover of less than EUR 500,000. The additional...
Chile’s tax authority (SII) has presented its 2026 Tax Compliance Management Plan (PGCT) on 29 January 2026, emphasising taxpayer support, business formalisation, cooperative compliance, and the fight against tax evasion and organised crime. This annual plan, mandated by Law No. 21,713, was submitted to the Tax Council and Senate Finance Committee following feedback received in...
India’s Central Board of Direct Taxes (CBDT), under the Ministry of Finance’s Department of Revenue, has launched a consultation seeking stakeholder inputs on the proposed Income-tax Rules and related Forms connected to the Income-tax Act, 2025. This announcement was made on 8 February 2026. The Income-tax Act, 2025 received the assent of the President in...