Sunday, May 17, 2026
Costa Rica’s General Directorate of Taxation (DGT) published Resolution MH-DGT-RES-0015-2026 of 8 April 2026 in the Official Gazette on 29 April 2026, establishing updated interpretive criteria for applying International Financial Reporting Standards (IFRS) within the country’s tax framework. The resolution clarifies that while taxpayers must maintain financial records according to IFRS adopted by the Costa...
The Executive branch of the Argentine government issued Decree 302/2026 on 29 April 2026, which modifies previous regulations to adjust the timeline and amounts for fuel and carbon tax increases in Argentina. This decree specifically targets the Liquid Fuel Tax (ICL) and the Carbon Dioxide Tax (IDC), which were established by Law No. 23.966. Under...
American businesses and importers will begin receiving refunds from tariffs declared unconstitutional by the Supreme Court as early as 12 May 2026, according to US Customs and Border Protection (CBP). The federal agency announced on Monday, 4 May 2026, that electronic refunds through Automated Clearing House (ACH) payments are expected to commence on 12 May...
Turkey’s Revenue Administration has issued a notice on 4 April 2026 concerning the payment schedule for instalments under the restructuring of outstanding public receivables introduced by Law No. 7440 of 9 March 2023. The Law allows taxpayers to pay restructured debts in up to 48 equal monthly instalments, subject to certain conditions. According to the...
Greece has postponed and restructured Phase B of its e-transport mandate, introducing a two-stage implementation timeline for the digital monitoring of goods movement transmitted to myDATA under Decision A.1094/2026. Under the revised schedule, Phase B will now be implemented in two phases: From 12 October 2026, businesses will be required to activate the loading, transshipment,...
Vietnam’s Government has issued Decree No. 141/2026/ND-CP on 29 April 2026, introducing amendments and supplements to Decree No. 68/2026/ND-CP on tax policies for household and individual businesses and Decree No. 320/2025/ND-CP guiding the implementation of the Corporate Income Tax Law. Under the decree, the annual revenue threshold for tax exemption applicable to household businesses has...
The Inland Revenue Authority of Singapore issued Advance Ruling Summary No. 7/2026 on 4 May 2026, setting out income tax considerations for company amalgamations. It explains that unabsorbed capital allowances and losses of a company (the amalgamating company) transferred to another company (the amalgamated company) may be set off against the income of the amalgamated...
The South African Revenue Service (SARS) has initiated a public consultation, on 30 April 2026, on the implementation of bilateral advance pricing agreements (APAs) under double taxation agreements (DTAs), as part of an initial pilot phase of the programme. The APA framework was introduced in South Africa through the Tax Administration Laws Amendment Act 2023....
The Netherlands government has submitted the Omnibus Tax Bill (Fiscale Verzamelwet 2027) to parliament for approval. The Bill, together with its explanatory memorandum, was published on 29 April 2026. It sets out the legislative progress of the 2027 Fiscal Omnibus Act, a proposal aimed at revising multiple tax rules and related regulations in the Netherlands....
Romania has officially ratified the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI), marking a significant step in international tax cooperation. The ratification was formalised through Law No. 60, published in the Official Gazette on 30 April 2026. The STTR MLI was originally adopted in Paris on...