Saturday, August 08, 2026
Finland has gazetted Law 187/2026 of 20 March 2026, introducing several amendments to the Minimum Tax Act for Large Groups, aligning national law with European Union directives on global tax standards. The changes align domestic legislation with the latest guidance issued by the OECD/G20 Inclusive Framework in 2024 and 2025, ensuring ongoing compliance with the...
Taiwan’s Ministry of Finance (MoF) has released a notice on 26 March 2026, outlining the possible tax exemption on business profits earned by foreign enterprises from providing electronic services, where such relief is available under applicable tax treaties. With the increasing frequency of cross-border online transactions, many profit-seeking enterprises purchase electronic services from foreign profit-...
The Public Revenue Office of North Macedonia has announced, on 12 March 2026, that companies subject to corporate income tax reporting a loss in their 2025 Tax Balance Sheet (Form “DB”) can carry the loss forward by submitting Form DD‑01 by 31 March 2026. A tax loss occurs when your company’s annual loss (shown with...
The US Internal Revenue Service (IRS) issued a notice on 20 March 2026 reminding taxpayers who still need to file their 2025 federal tax returns that free options and resources are available on IRS.gov. Whether taxpayers prefer to prepare their own returns or need assistance, IRS.gov offers secure electronic filing options. E-filing remains the fastest...
The Inland Revenue Board of Malaysia (IRBM) released Practice Note No. 2/2026 (including examples) on 18 March 2026, addressing significant changes to how income distributions from real estate investment trusts (REITs) and property trust funds (PTFs) are taxed for most unit holders starting from the year of assessment (YA) 2026. The guidance was necessary because...
The Hong Kong Inland Revenue Department (IRD) published an advance ruling on 12 November 2025 on whether a Hong Kong ship leasing company qualifies for the concessionary tax regime for “qualifying ship lessors” under the Inland Revenue Ordinance. The Applicant, a wholly-owned subsidiary of Company A, operates exclusively as a ship lessor in Hong Kong....
Hungary has gazetted Government Resolution 1101/2026 (III. 19.) on 19 March 2026, authorising the signing of an income and capital tax treaty with Ethiopia. This development follows after Ethiopia and Hungary concluded a second round of negotiations in Addis Ababa, following discussions in the first round held in Budapest. The agreement is focused on the...
Nicaragua’s tax authority (DGI) has reminded taxpayers, on 19 March 2026, of the progressive tax withholding rates applicable to property transactions. The DGI clarified that definitive income tax withholding rates on capital gains from transferring movable and immovable assets requiring public registration follow a seven-tier progressive structure based on the property’s value in US dollars....
The Hong Kong Inland Revenue Department (IRD) has issued a Circular Letter to Tax Representatives regarding the Block Extension Scheme for filing 2025/26 tax returns on 19 March 2026. The letter confirms that, as in previous years, the scheme will be available to tax representatives. Starting April 2026, tax representatives must submit block extension applications...
The Argentine Senate has approved the amending protocol to the 1979 income and capital tax treaty with France on 18 March 2026. Signed on 6 December 2019, this marks the second amendment to the treaty. The agreement eliminates double taxation and combats tax evasion on income and wealth. Senator Francisco Paoltroni highlighted that this protocol...