Monday, April 27, 2026
The Australian Government has opened a public consultation on draft legislation to reform the foreign resident capital gains tax (CGT) regime, with the consultation running from 10 to 24 April 2026. The proposed law is designed to ensure foreign residents pay their fair share of tax in Australia while providing greater certainty for foreign investors...
Malta’s Tax and Customs Administration has issued guidelines on 6 April 2026 setting out updates to the VAT and gaming tax frameworks for the gaming sector, with changes entering into force on 1 October 2026. The measures include a clarified scope of the VAT exemption without credit for gambling supplies. The guidelines, issued by the...
Ecuador’s Internal Revenue Service (SRI) has issued Circular No. NAC-DGECCGC26-00000003 on 31 March 2026, clarifying the application of Value Added Tax (VAT), referred to as IVA, on financial services, commissions, and related charges. The circular confirms that VAT applies to all habitual services provided by financial institutions, including commissions, charges, and fees arising from financial...
Liberia has enacted the Liberia Tax Amendment Act of December 2025 (the Act), approved on 24 March 2026. The Act introduces major revisions to the Liberia Revenue Code aimed at strengthening domestic revenue mobilisation and advancing public health objectives. It responds to changing economic conditions and seeks to align Liberia’s tax system with international best...
The UK’s HMRC has issued draft regulations on the carbon border adjustment mechanism (CBAM) on 9 April 2026. The draft covers the administration of the tax, including emissions, as well as the monitoring and verification of emissions data. This technical consultation sets out draft secondary legislation that will come into effect on 1 January 2027...
Canada’s government announced, on 14 April 2026, that it intends to introduce legislative amendments to the Excise Tax Act to temporarily suspend the application of the federal fuel excise tax on gasoline, diesel fuel, and aviation fuels by setting their rates to 0 cents per litre, effective 20 April 2026, until Labour Day, 7 September...
The Italian Revenue Agency has published translated versions of its Annual VAT Return Form and related instructions for the 2026 filing season, continuing its annual effort to support taxpayers with different linguistic needs. The standard annual VAT return—used by companies, businesses, and self-employed individuals—is now accessible on the Agency’s website in English, German, and Slovenian....
Colombian President Gustavo Petro said on Monday, 13 April 2026, that Colombia will not impose 100% tariffs on imports from Ecuador, reversing an earlier announcement by the trade ministry amid growing bilateral tensions. He said instead that the government will use subsidies and “smart” tariffs, but did not provide further details. The decision follows Ecuador’s...
Greece has updated the list of jurisdictions participating in the Multilateral Competent Authority Agreement (MCAA) on the exchange of country-by-country (CbC) reports for the 2024 tax year, according to Decision No. A 1080 published in the Official Gazette on 2 April. Greece CbC exchange jurisdictions (MCAA – 2024) Mutual (58) Non-mutual (19) San Marino, Albania,...
The Trump Administration announced the release of the 2026 Economic Report of the President on 13 April 2026. The Economic Report of the President is prepared annually by the Council of Economic Advisers, providing a comprehensive review of the past year’s economic policies and their impact on current and future economic conditions. This year’s Report...