Tuesday, February 24, 2026
The Inland Revenue Board of Malaysia released the updated lists of jurisdictions for the automatic exchange of financial account information under the CRS Multilateral Competent Authority Agreement (MCAA) on 15 January 2026. The update adds Armenia, Rwanda, Senegal, and Uganda to the list of reportable jurisdictions, while Antigua and Barbuda has been removed. Following these...
Italy’s Revenue Agency has introduced a new optional regime on 3 February 2025, allowing companies that do not qualify for the cooperative compliance program to adopt a formal system for detecting, measuring, managing, and controlling tax risk. The provision, effective 3 February 2026, follows Article 7-bis of Legislative Decree No. 128/2015, as amended by Legislative...
The Malawi Revenue Authority, in a public notice issued on 30 January 2026, announced that the electronic invoicing system (EIS) pilot will now run from 1 February to 30 April 2026. During this period, EIS will operate alongside the current electronic fiscal devices (EFDs), allowing businesses to familiarise themselves with the new system while maintaining...
Italy has released the new Consolidated VAT Code (Testo Unico IVA), which reorganises VAT legislation into a single framework. Published following Legislative Decree no. 10 of 19 January 2026, and approved by the Council of Ministers on 22 December 2025, the code merges prior regulations, including Presidential Decree No. 633/1972 and Decree Law No. 331/1993,...
Belgium’s parliament has adopted a bill amending the minimum tax law to implement the EU Minimum Taxation Directive (Directive (EU) 2022/2523). The bill was approved on 18 December 2025 and published in the Official Gazette on 30 December 2025. The full text of the law, dated 19 December 2025, appears in Official Gazette No. 294...
Irish Revenue has released eBriefs 022/26 on 28 January 2026 and eBrie 028/26 on 3 February 2026 providing updated guidance on accelerated capital allowances introduced under the Finance Act 2025. Accelerated capital allowances The following two Tax and Duty Manuals (TDMs) have been updated: Tax and Duty Manual Part 09-02-06 – Accelerated wear and tear...
The Internal Revenue Service (SRI) issued ResolutioNAC-DGERCGC26-00000001 on 9 January 2026, amending Resolution NAC-DGERCGC25-00000004 to update the submission schedule for the “Formulario Informativo Actividades Mineras” (Mining Activities Information Form). Under the resolution, all persons subject to the form must submit it monthly for the activities carried out, even if no activities occurred. Deadlines are determined...
Colombia’s tax authority (DIAN) issued Ruling No. 0158 of 26 January 2026, clarifying how expenses supported by documents from persons not obligated to issue invoices (DSNO) can be deducted. The ruling permits DSNOs that are generated and transmitted in the year following a transaction to be used for tax deductions, provided it can be demonstrated...
Ecuador’s Internal Revenue Service (SRI) has issued Resolution No. NAC-DGERCGC26-00000004 on 6 February 2026, establishing coefficients for presumptive tax assessments for the 2024 fiscal year. The resolution allows the SRI to determine income tax when a direct assessment is not possible due to missing or incomplete tax returns, insufficient documentation, lack of accounting records, or...
Vietnam has signalled plans to increase imports from the US, focusing on machinery, high-technology products, and energy resources, as the two countries conduct the sixth round of negotiations on the Vietnam–US Fair and Balanced Reciprocal Trade Agreement. Acting Trade Minister Le Manh Hung met with US energy, industrial, and aviation companies, including Apple, ExxonMobil, and...