Tuesday, February 03, 2026
The German Federal Cabinet has approved a draft bill on 14 January 2026 to modernise the Tax Consultancy Law and update other tax rules, aiming to make tax advisory services more flexible for citizens and ensure fairer corporate taxation. The draft legislation introduces four key changes in the area of tax advisory law: Comprehensive modernisation...
Singapore gazetted the Finance (Income Taxes) Act 2025 on 12 December 2025, enacting the Budget 2025 measures announced in February 2025. The Finance (Income Taxes) Act 2025, passed by the Parliament of Singapore in late 2025, introduces a range of changes to the nation’s tax landscape. The legislation primarily targets the Income Tax Act, 1947,...
Malta’s Tax and Customs Administration (MTA) has announced extended deadlines for the submission of corporate income tax returns in 2026, specifically for electronic filings. Manual submissions and tax payments must still meet the deadlines set under the Income Tax Acts. The deadlines vary depending on a company’s financial year-end, giving businesses extra time to comply...
Scotland’s Cabinet Secretary for Finance and Local Government presented the 2026-27 State Budget to the parliament on 13 January 2026. The Budget’s key proposals include higher personal income tax brackets and the introduction of new levies, effective from April 2027 and 2028. Corporate tax Corporate tax rates will remain unchanged. Companies in Scotland are subject...
Ecuador’s Tax Administration (SRI) has issued Resolution No. NAC-DGERCGC26-00000002 on 13 January 2026, extending the deadlines for tax returns and statutory annexes originally due on 12 January 2026. The revised deadlines are as follows: Taxpayer Type Extended Deadline Tax ID ending in 1 or 2 21 January 2026 Special taxpayers (Contribuyentes Especiales) 15 January 2026...
The National Board of Revenue (NBR) has introduced a facility for large-value corporate tax and VAT payments through mobile financial service bKash on 11 January 2026, advancing the country’s push toward full digitalisation of revenue collection. The service was formally launched by NBR Chairman Md Abdur Rahman Khan, who said two real-time transactions had already...
Taiwan’s Ministry of Finance (MoF) has announced an extension to the filing deadline for 2025 income-related certificates, after the original end date fell on a weekend. The filing period for 2025 income withholding and non-withholding certificates, dividend certificates, trust income declarations, and trust property income certificates was initially scheduled to run from 1 January to...
Andorra has gazetted the ratification of the income and capital tax treaty with Estonia on 13 January 2026. Signed on 23 September 2025, the agreement seeks to eliminate double taxation on income and capital while preventing tax evasion. It applies to residents of either state and covers corporate, personal, non-resident income taxes in Andorra, and...
Romania has published Law No. 239/2025 and Emergency Ordinance No. 89/2025, which introduce a 1% cap on deductions for payments to non-resident related parties for intellectual property and management or consulting services. The limit applies to companies with a turnover of less than EUR 50 million. For 2026, the cap is based on 2024 expenses...
US President Donald Trump said Tuesday that the U.S.-Mexico-Canada trade pact (USMCA) “is irrelevant” for the US, claiming it mainly benefits Canada, which “needs it.” He used the remarks to push for reshoring manufacturing to the United States. The agreement is critical for major automakers, including Ford, GM, Stellantis, Tesla, Toyota, Honda, Hyundai, and Volkswagen,...