Saturday, August 08, 2026
France has taken a further step to strengthen its innovation ecosystem with the extension of its Collaborative Research Tax Credit (CICo), as announced by the tax authority on 1 April 2026. Through Article 37 of Law No. 2026-103, part of the Finance Law for 2026, the government has reinforced incentives for businesses to engage in...
The Italian Revenue Agency announced on 1 April 2026 that non-profit organisations will now have additional time to submit electronic returns for ICI tax recovery covering 2006-2011. The original 31 March 2026 deadline has been pushed to 30 September 2026, according to a Prime Ministerial Decree of 26 March 2026, which was published in the...
Greece’s Independent Authority for Public Revenue (AADE) has issued circular E.2014/2026 on 24 March 2026, providing guidance on submitting change-of-status declarations for farmers moving from the special VAT regime to the standard VAT regime for the 2026 tax year. Farmers qualify for the special VAT regime if their agricultural product sales in the previous year...
New Zealand Inland Revenue has released a draft Standard Practice Statement (SPS) on 27 March 2026, updating and replacing SPS 18/04. The draft sets out the Commissioner’s approach to relief from tax debt under the TAA 1994 for individuals, companies, partnerships, and trusts/trustees. Options for relief include writing off amounts, entering into instalment arrangements, remitting...
Hong Kong’s Inland Revenue Department announced on 2 April 2026 that starting from 8 April 2026, the new annual rate of interest payable on Tax Reserve Certificates will be 0.1500% against the current rate of 0.2417%, i.e. the new rate will be HKD 0.0125 per month per HKD100. Tax Reserve Certificates bear simple interest, and...
The Maldives Inland Revenue Authority announced that the income tax treaty between Malaysia and the Maldives has entered into force on 22 January 2026. Signed on 24 May 2023, it aims at eliminating double taxation and preventing tax evasion. The treaty addresses Malaysian income tax and petroleum income tax, as well as income tax in...
Croatia has gazetted the Law on the Amendment of the Value Added Tax Act on 27 March 2026. This law extends the application of the reduced VAT rate of 5% for natural gas, district heating, firewood, pellets, briquettes, and wood chips for an additional year until 31 March 2027. The application of the reduced rate...
The Russian Ministry of Finance (MoF) announced on 26 March 2026, citing Note No. VN/1187/2026-UM-10, issued by the Embassy of Finland in Moscow on 13 March 2026, states that the Government of Finland will fully suspend the Agreement between the Government of the Russian Federation and the Government of the Republic of Finland for the...
Qatar’s General Tax Authority (GTA) announced official clarifications regarding capital gains tax, including an exemption for gains arising from intra-group restructuring on 29 March 2026, which was first announced in May 2025. The GTA indicated that this exemption aims to enable companies within the same group to carry out restructuring operations more efficiently and to...
Following parliamentary questions, the Belgian Minister of Finance has provided clarification on the financial fixed asset condition for applying the Tate & Lyle dividend withholding tax exemption (the exemption) for dividends paid to non-resident substantial shareholders. New condition effective 29 July 2025 The Programme Law of 18 July 2025 introduced an additional requirement for dividend...