Saturday, August 08, 2026
The Puerto Rico Department of the Treasury has issued Internal Revenue Circular Letter No. 26-06 on 13 March 2026, setting out the procedure for the electronic filing of the Corporate Income Tax Return for tax year 2025. The guidance is issued under Section 1061.02 of the Puerto Rico Internal Revenue Code of 2011, as amended,...
Belgium’s Federal Public Service (SPF) Finance has launched a public consultation on 17 March 2026 on draft top-up tax returns under the Pillar Two Income Inclusion Rule (IIR) for the 2024 and 2025 tax years, along with accompanying explanatory notes. It also provides technical instructions for multinational enterprises and large-scale domestic groups on how to...
Croatia’s government has initiated proceedings, on 18 March 2026, to sign an amending protocol with the US government that will modify the existing convention on avoiding double taxation and preventing tax evasion regarding income taxes. The original Convention between Croatia and the US was signed in Washington on 7 December 2022. However, despite Croatia beginning...
France’s tax authority has issued guidance clarifying its taxation methods for dividends and similar income under international tax treaties, particularly focusing on treaty benefits for distributions to residents of countries with specific withholding tax arrangements. New withholding tax framework Effective 1 January 2026, under Article 119 bis A of the French General Tax Code, dividends...
Qatar officially ratified its income and capital tax treaty with Kuwait through Decree No. (1) of 2026, published in Issue 5 of the Official Gazette on 15 March 2026. The agreement, originally signed on 1 June 2025, marks a significant milestone in tax cooperation between the two Gulf nations. The treaty addresses income taxes in...
Denmark’s Business Authority has opened a public consultation on a proposed strategy for e-invoice formats within Nemhandel, the country’s national e-invoicing infrastructure used by both the public and private sectors. The strategy document was published on 11 March 2026. This document outlines the Danish Business Authority’s strategy to transition from the national OIOUBL e-invoicing format...
The US Trade Representative (USTR), Jamieson Greer and Mexican Secretary of Economy Marcelo Ebrard have convened on 18 March 2026 to kick off bilateral technical discussions in advance of the USMCA Joint Review on 1 July 2026. Technical teams were instructed to review specific options for increasing US and Mexican production and manufacturing employment, while...
The Italian Revenue Agency has clarified, on 17 March 2026, that waste transportation services will continue to benefit from a reduced 10% VAT rate, even when transporting waste destined for landfills or incineration facilities without energy recovery. The 2025 Budget Law introduced restrictions on preferential VAT treatment for certain waste management activities. While the previous...
Cambodia and South Korea signed a Memorandum of Understanding (MoU) on the exchange of information for tax purposes during the 5th Korea-Cambodia Commissioners of Taxation Meeting in Phnom Penh. This announcement was made on 12 March 2026. The MoU establishes a framework for timely and secure sharing of tax-related information between the General Department of...
The State Tax Service of Ukraine has issued guidance on the annual tax declaration (return) obligations for individual taxpayers. The notice clarifies cases where filing a declaration is not required. For taxpayers who must submit a declaration, the deadline is 1 May 2026 for the 2025 tax year. The guidance also sets the deadline for...