Saturday, August 08, 2026
Judge Richard K. Eaton of the United States Court of International Trade issued an order on 4 March 2026, requiring US Customs and Border Protection to refund duties collected under Executive Orders issued through the International Emergency Economic Powers Act (IEEPA). Earlier, Atmus Filtration, Inc. filed the lawsuit seeking monetary relief and refunds of all...
The Icelandic Court of Appeals (Landsréttur) upheld the ruling of the District Court of Reykjavík in Iceland’s first transfer pricing case (No. 213/2025) on 19 February 2026. The court confirmed that taxpayers must prove that related-party transactions comply with the arm’s length principle. The dispute involves the reassessment of taxes for the 2016 tax year,...
Romania’s tax authority, the National Tax Administration Agency (ANAF) has revised electronic invoicing regulations, granting individual service providers additional time to comply with mandatory registration requirements on 3 March 2026. Government Ordinance 6/2026, issued on 30 January 2026, postponed the mandatory RO e-Invoice implementation until 1 June 2026 for individual suppliers using personal numeric codes....
The US Internal Revenue Service (IRS) has published Revenue Procedure 2026-15, providing the updated 2026 depreciation tables for passenger automobiles. This revenue procedure provides: (1) two tables of limitations on depreciation deductions for owners of passenger automobiles placed in service by the taxpayer during calendar year 2026; and (2) a table of dollar amounts that...
Poland’s Ministry of Finance announced on 4 March 2026 that under the Agricultural Tax Act, natural persons and agricultural production cooperatives paying this tax may allocate 1.5% of their agricultural tax to eligible organisations listed by the Minister of Agriculture and Rural Development. For 2026, the National Union of Farmers, Agricultural Circles and Organizations has...
The Italian Revenue Agency has clarified on 4 March 2026 that certain medical products and food supplements qualify for a reduced VAT rate of 10%, but only after obtaining proper classification from the customs agency. Medical devices for wound treatment In response, no. 61 dated 3 March 2026, the tax authorities addressed a query from...
Belgium’s tax authority, the Federal Public Service Finance, announced on 4 March 2026 that Belgium will replace the existing VAT current account with a VAT provision account from 1 May 2026, as part of its tax modernisation initiative launched under legislation effective 1 January 2025 to digitalise and streamline VAT collection. This modernisation project will...
Brazil’s tax authority, the Federal Revenue Service (RFB) unveiled a digital tool on 2 March 2026 to help citizens calculate income tax on earnings from betting platforms (BETs) and fantasy sports competitions. Taxpayers must use data from ComprovaBet—a document summarising annual betting results that operators must provide by the last business day of February each...
The Hong Kong Government will gazette the Inland Revenue (Amendment) (Tax Concessions, Concessionary Deductions and Allowances) Bill 2026 on 6 March, introducing concessionary tax measures announced in the 2025 Policy Address and the 2026-27 Budget. This announcement was made on 4 March 2026. The Bill covers adjustments to salaries tax and tax under personal assessment,...
Namibia’s Parliament has released the Budget Statement for the Fiscal Year 2026-27 on 26 February 2026, introducing significant changes to the tax code to support both individuals and businesses. The key tax measures are: Corporate and business incentives: New measures include a review of depreciation allowance (capital allowance) rules to support investment. Accelerated capital depreciation...