Saturday, August 08, 2026
The Argentine Senate approved the new income and capital tax treaty with Austria on 18 March 2026. Signed on 6 December 2019, the agreement aims to eliminate double taxation and prevent tax evasion with respect to income and wealth. Senator Francisco Paoltroni emphasised that it is expected to enhance investment conditions and strengthen legal certainty...
Malaysia gazetted the Service Tax (Rate of Tax) (Amendment) Order 2026 on 13 March 2026, formalising a reduction in the service tax rate on rental and leasing services. Earlier, Malaysia’s Ministry of Finance released updated policy notices on sales and services tax (SST) on 5 January 2026. The service tax rate is being lowered from...
Hong Kong’s government has announced that representatives from Barbados and Hong Kong signed a comprehensive income tax treaty on 19 March 2026, marking a step forward in strengthening bilateral economic ties. The agreement provides clarity on how taxing rights are allocated between the two jurisdictions, enabling investors to better assess their cross-border tax obligations while...
Austria’s Ministry of Finance published an ordinance on 20 (MoF) March 2026 updating the lists of participating and reportable jurisdictions for the automatic sharing of financial account details under the Common Reporting Standard (CRS). The ordinance aligns Austria’s rules with the OECD Multilateral Competent Authority Agreement (MCAA). Rwanda, Senegal, Trinidad & Tobago, and Uganda have...
Russia’s Ministry of Finance has proposed the introduction of VAT on foreign goods sold through online marketplaces starting in 2027. The rates will increase gradually: 7% in 2027, 14% in 2028, and 22% in 2029, pending government approval. The VAT will cover all imported goods regardless of the current Eurasian Economic Union duty-free threshold, which...
Poland has issued an executive regulation under the amendment to the Law on the Exchange of Tax Information with Other Countries, primarily incorporating into domestic legislation the provisions of the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8 – Directive 2023/2226). It was published in the Official Journal of Laws (No. 355/2026) on...
Switzerland’s National Council has approved the OECD’s Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) during its spring session, which ended on 20 March 2026. Switzerland signed the agreement in 2025, but parliamentary ratification was required under national law. Following a 100-day referendum period, the country will be able to exchange...
The US Internal Revenue Service (IRS) and Department of the Treasury released Notice 2026-23 on 23 March 2026, inviting public recommendations for items to be included in the 2026–2027 Priority Guidance Plan. The Priority Guidance Plan is used annually by the Treasury’s Office of Tax Policy and the IRS to identify and prioritise tax issues...
Yaroslav Nilov, Russian Chairman of the State Duma Committee on Labor, Social Policy, and Veterans’ Affairs, proposed a bill to increase the maximum amount eligible for a tax deduction when opening an Individual Investment Account (IIA). The draft legislation proposes raising the current limit from RUB 400,000, which provides a tax deduction of RUB 52,000...
India’s Central Board of Direct Taxes (CBDT) issued Notification No. 22/2026 on 20 March 2026 under the Income Tax Act, 2025, introducing the Income Tax Rules, 2026. The rules provide a comprehensive framework for income tax administration, covering areas such as international taxation, employee benefits, tax deduction and collection at source, virtual digital assets, non-profit...