Monday, April 27, 2026
Norway’s parliament passed the proposed 2026 Budget bill on 5 December 2025. This follows Norway’s government’s presentation of its 2026 state and national budget proposals on 15 October 2025. The bill boosts welfare, defence, and climate measures, lowers certain taxes to support households, closes loopholes and scales back EV incentives, and sets a fiscal strategy...
New Hampshire’s Department of Revenue (DRA) announced that its one-time tax amnesty program, enacted under H.B. 2 in June, began on 1 December 2025 and will continue until 15 February 2026. Amnesty is available to any taxpayer who has a delinquent tax return or has not paid a tax that was due on or before...
Brazil’s Federal Revenue Service (RFB) has released Normative Instruction No. 2291 of 14 November 2025, which updates the country’s crypto-asset reporting rules to align with the OECD Crypto-Asset Reporting Framework (CARF). The Federal Revenue Service (RFB) announced this development on 17 November 2025. The FRB is updating its reporting procedures for cryptocurrency transactions, which have...
Japan’s Ministry of Foreign Affairs announced, on 6 December 2025, that Japan and Paraguay signed the “Agreement for the Promotion and Protection of Investment” on 5 December 2025. The agreement is designed to strengthen investment relations between the two countries by providing protection and clear rules for investors. It covers measures such as national treatment...
Qatar’s General Tax Authority (GTA) announced, on 7 December 2025, that Qatar and Uruguay signed an income tax treaty. The agreement was signed by HE Ali bin Ahmed Al Kuwari, Minister of Finance of the State of Qatar, and HE Mario Lopetegui, Minister of Foreign Affairs of the Republic of Uruguay. The treaty aims to...
The income tax treaty between Jordan, Switzerland entered into force on 4 December 2025. Signed on 13 December 2023, the agreement aims to prevent double taxation on income and curb tax evasion between Jordan and Switzerland. It applies to Jordanian income tax and Swiss federal, cantonal, and communal taxes, covering all forms of income, including...
Bahrain’s National Bureau for Revenue (NBR) has published Version 1.5 of its VAT Real Estate Guide, dated 18 November 2025, providing updated guidance on Value Added Tax in the Kingdom’s real estate sector. The update clarifies the VAT treatment of owners’ associations. The guide states that associations performing their primary role, including managing common property...
The UK and 24 other jurisdictions have announced their intention to implement the OECD’s latest tax transparency framework for the automatic exchange of information on immovable property (real estate). This announcement was made on 4 December 2025. The Multilateral Competent Authority Agreement on Automatic Exchange of Readily Available Information on Immovable Property (IPI MCAA) is...
The Inland Revenue Authority of Singapore (IRAS) has updated e-Tax Guides concerning Income Tax Treatment of Real Estate Investment Trust Exchange-Traded Funds (Ninth Edition) on 4 December 2025. This e-Tax Guide explains the income tax treatment of a real estate investment trust exchange-traded fund (“REIT ETF”) which has been accorded the tax transparency treatment. It...
The UK has increased the taxable benefits for company cars, vans, and fuel for the 2026/2027 tax year. The changes are outlined in the Van Benefit and Car and Van Fuel Benefit Order SI 2025/1254, made on 1 December 2025. From 6 April 2026, the cash equivalent for fuel provided for a company car will...