Tuesday, March 17, 2026
The Belarusian Ministry of Foreign Affairs reported that Belarusian and Togolese officials met on 2 March 2026 to discuss bilateral cooperation. Both parties agreed to strengthen efforts to enhance the legal framework for collaboration, prioritising the completion of an income tax treaty. The two nations agreed to intensify efforts to improve their legal framework, with...
According to an update from the OECD dated 3 March 2026, Croatia signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 12 December 2025. The agreement facilitates the automatic exchange of GloBE Information Returns between tax authorities and reduces compliance costs for multinational enterprise groups by enabling centralised filing...
Finland’s Ministry of Finance has published a proposed decision outlining its draft spending framework proposal on 26 February 2026, which includes the government’s fiscal plans for the 2027–2030 budget cycle. The framework includes sweeping changes across corporate taxation, personal income levies, indirect taxes, stamp duties, and more. The key change includes a two-percentage-point reduction in...
The Australian Taxation Office (ATO) has released instructions to complete the public country-by-country report on 3 March 2026. The instructions include: Public CBC report overview Overview of Public CBC report instructions and publishing in the approved form. These instructions will help taxpayers complete their Public CBC (Public country-by-country) report if they are a Public CBC...
Russia is considering a one-time windfall tax on banking sector profits, following a bill submitted to the State Duma. The initiative, filed under Bill No. 1162521-8, was published in the chamber’s electronic database. The excess profits for banks will be defined as the excess of the average value of profits for 2025 and profits for...
Japan’s Cabinet has submitted the 2026 tax reform package to the National Diet of Japan, proposing amendments to global minimum tax rules, income tax provisions and consumption tax regulations. The bill updates Japan’s global minimum tax legislation to implement the Side-by-Side Safe Harbour. Under the proposal, a multinational enterprise group whose ultimate parent entity is...
The US Internal Revenue Service (IRS) has published a new schedule for tax year 2025 on 2 March 2026, which taxpayers will use to realise important tax benefits of the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, no tax on car loans, and no tax on seniors. Schedule 1-A...
The European Commission announced that it approved a EUR 1.1 billion French scheme on 27 February 2026 to support strategic investments that add clean technology (cleantech) manufacturing capacity in line with the objectives of the Clean Industrial Deal. This measure will contribute to the transition towards a net-zero economy. The scheme was approved under the...
Romania has published Emergency Ordinance No. 8 of 24 February 2026 in the Official Gazette, which introduced a comprehensive package of fiscal and investment measures aimed at supporting economic recovery. Emergency Ordinance no. 8/2026 establishes a comprehensive framework for Romania’s economic relaunch, focusing on stimulating massive investments, technological modernisation, and fiscal consolidation through voluntary compliance....
Sri Lanka’s government has issued a Bill amending the Inland Revenue Act on 20 February 2026, marking substantive tax changes and compliance reforms. Published in the gazette on 24 February 2026, it introduces capital gains tax rate revisions and targeted relief for taxpayers and investors. Capital gains tax increases The amendment raises capital gains tax...