Saturday, August 08, 2026
The Governor of Utah signed multiple bills on 23 March 2026, including Senate Bill (S.B.) 60, which revises the state’s corporate income tax rates. According to the Senate Bill (S.B.) 60, the corporate income tax rate will decrease from 4.54% to 4.45% for corporations doing business in the state. This applies to both domestic and...
Poland’s Ministry of Finance has announced the second phase of its National e-Invoicing System (KSeF) on 26 March 2026. From 1 April 2026 onwards, companies with 2024 sales below PLN 200 million must use KSeF for issuing invoices. However, smaller businesses with monthly invoice sales under PLN 10,000 gross receive an extended deadline until 1...
The Philippine Information Agency announced that on 25 March 2026, President Ferdinand Marcos Jr. signed Republic Act No. 12316, authorising the temporary suspension or reduction of excise taxes on petroleum products under specified conditions. The Act takes effect on 9 April 2026. Republic Act 12316 allows the President, upon recommendation of the Development Budget Coordination...
Italy’s tax authority has published the Annual Law on Small and Medium-Sized Enterprises (Law No. 34/2026) in the Official Gazette on 23 March 2026, which introduces targeted tax measures to boost business collaboration and attract foreign investment. Business network tax incentives return Legislative Decree no. 5/2009 introduced the so-called network contract. This institution aims to...
Australia’s House of Representatives introduced and gave the first reading to the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 on 25 March 2026. The Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 outlines several legislative changes aimed at refining the Australian taxation and superannuation systems. A...
Estonia’s government approved the signing of the income and capital tax treaty with the UK on 19 March 2026. The updated treaty is structured to comply with current international norms, in accordance with the OECD/G20 Base Erosion and Profit Shifting (BEPS) guidelines. The treaty must be signed and ratified before it can enter into force....
After 8 years of negotiations, Australia has secured a landmark trade deal with the European Union, the world’s second largest economy, according to a media release on 24 March 2026. The Australia–European Union Free Trade Agreement will lower trade and investment barriers between Australia and the European Union, a market of around 450 million people....
Qatar’s General Tax Authority (GTA) issued a release on 24 March 2026 regarding a new service for the direct application of treaty benefits, as introduced under Cabinet Resolution No. (4) of 2026 as part of its ongoing efforts to develop the tax services ecosystem and enhance its effectiveness. The service aims to enable eligible entities...
The Czech Republic has published Financial Bulletin No. 5/2026 on 20 March 2026, which includes an updated list of jurisdictions classified as non-cooperative for tax purposes, aligning its domestic rules with the latest decisions of the Council of the European Union. The update list reflects changes to the European Union blacklist as of 6 March...
Ukraine’s Cabinet of Ministers approved a draft law to ratify the 2025 income tax treaty with Australia on 18 March 2026. This announcement was made by the Ministry of Finance on 19 March 2026. The agreement will eliminate double taxation concerning taxes on income, capital, fringe benefits, and withholding tax without creating opportunities for non-taxation...