Wednesday, March 18, 2026
A US federal appeals court has accelerated the legal process that could determine how over USD 130 billion will be refunded to importers following the Supreme Court’s decision to invalidate President Trump’s tariffs. On Monday, 2 March 2026, the US Court of Appeals for the Federal Circuit granted the importers’ request to send the case...
According to an OECD update published on 3 March 2026, three new jurisdictions have joined the Common Reporting Standard framework by signing the addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information. Peru became a signatory on 26 November 2025, followed by Croatia on 24 December 2025, and Moldova on...
Croatia became a signatory to the CARF multilateral exchange agreement on 24 December 2025, joining the international framework for automatic sharing of crypto-asset tax information between jurisdictions, according to an OECD update from 3 March 2026. The Crypto-Asset Reporting Framework (CARF) establishes rules for the reporting and automatic exchange of crypto-asset information between tax authorities...
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...