Saturday, August 08, 2026
Romania’s tax authority, the National Agency for Fiscal Administration (ANAF) announced on 13 March 2026, according to Article II, point 42 of Law No. 141/2025 on fiscal-budgetary measures, published in the Official Gazette of Romania, Part I, No. 699 on 25 July 2025, significant changes to value-added tax rates came into effect from 1 August...
Japan’s Ministry of Foreign Affairs announced on 13 March 2026 that officials from Japan and the Czech Republic have successfully concluded negotiations and agreed in principle on a new income tax treaty. The agreement was initialled by both parties on 6 March 2026, following a second round of negotiations. The new convention will replace the...
The Jersey States Assembly approved the income tax treaty with Bahrain on 12 March 2026. The Government of Jersey signed an income tax treaty with Bahrain on 16 September 2025. The treaty covers the taxation of corporate income in Bahrain and income in Jersey, establishing how each jurisdiction applies its tax rules. Under the agreement,...
Montenegro has issued the law ratifying the income and capital tax treaty with Liechtenstein, publishing it in the Official Gazette on 9 March 2026. Liechtenstein and Montenegro signed an income and capital tax treaty on the sidelines of the 80th session of the UN General Assembly in New York on 25 September 2025. It will...
Bangladesh has asked Bhutan to submit a proposal for a potential free trade agreement (FTA) following Bhutan’s interest in upgrading the existing preferential trade agreement (PTA), Commerce Secretary Mahbubur Rahman said on 12 March 2026. Once received, the proposal will be examined by the government’s technical committee on trade before a final decision is made....
The UK has amended its Climate Change Levy (CCL) rules with the introduction of the Climate Change Levy (Fuel Use and Recycling Processes) (Amendment) Regulations 2026, made on 11 March 2026 and effective from 12 March 2026. The regulations update the Climate Change Levy (Fuel Use and Recycling Processes) Regulations 2005, broadening the list of...
Bangladesh’s National Board of Revenue (NBR) has announced extensions for key tax return submissions, offering businesses additional time to complete mandatory filings. For the 2025-26 tax year, companies now have until 15 April 2026 to submit their income tax returns, a one-month extension from the previous deadline of 15 March. The move follows formal requests...
The UK’s HM Revenue & Customs (HMRC) initiated a public consultation, on 12 March 2026, regarding the expansion and improvement of the Uncertain Tax Treatment (UTT) regime, under which large in-scope taxpayers must inform HMRC of any uncertain tax treatment. This consultation aims to reduce the legal interpretation portion of the tax gap by requiring...
Romania’s tax administration, the National Agency for Fiscal Administration (ANAF), announced on 13 March 2026 that it is modifying Order No. 352/2022, which governs the procedure for handling negative VAT amounts with refund requests. Under the existing procedure, taxpayers registered for VAT purposes who request refunds—and don’t fall under the special cases outlined in Article...
The US Joint Economic Committee (JEC) released a brief entitled ‘Border Tax Adjustment Would Curtail Profit Shifting and Provide Other Benefits, With Limited Transition Effects’ on 11 March 2026, which outlines the economic case for moving from a production-based tax to consumption based, while not adding new taxes. Currently, there is largely a “Made in...