Saturday, August 08, 2026
India and Canada aim to conclude a free trade agreement by the end of 2026, Prime Minister Mark Carney said on 2 March 2026, during his first visit to New Delhi. The deal is intended to restore economic ties after years of diplomatic tension. Both countries hope the agreement will boost bilateral trade from nearly...
The Russian Ministry of Finance (MoF) has submitted amendments to the Tax Code aimed at helping small and medium-sized enterprises (SMEs) adapt to the tax changes that took effect in 2026. The Tax Code is proposed to be supplemented with the following provisions: VAT exemption for catering services From April 1 to 31 December 2026,...
Taiwan’s Taipei National Taxation Bureau, Ministry of Finance, has opened applications for supporting measures related to the 114th annual individual income tax return filing, scheduled for May 2026 (year 115). Taxpayers can submit requests between 15 February and 16 March 2026. The Bureau said taxpayers can apply for the following: Change of mailing address for...
Spain’s Congress of Deputies has officially repealed Royal Decree-Law 2/2026, originally issued on 3 February 2026. The repeal was formalised in a Congressional Resolution dated 26 February 2026 and published in the Official State Gazette (BOE) on 28 February 2026. The decree, which aimed to address urgent measures related to social vulnerability, tax reforms, and...
US President Donald Trump threatened to impose a full trade embargo on Spain on 3 March 2026. This escalation follows Spain’s refusal to allow the US military to use shared bases for strikes on Iran. At a White House briefing, Trump described Spain as “terrible” and indicated, “we’re going to cut off all trade.” He...
Romania’s Ministry of Finance has approved tax reforms on 27 February 2026, which are set to begin in the 2026 fiscal year, emphasising revised property assessments and enhanced flexibility for municipal governments. To align taxation with actual market conditions and building depreciation, the new measures establish: A 15% decrease in assessed value for properties aged...
Romania’s Ministry of Finance and the National Agency for Fiscal Administration (ANAF) have amended Order No. 1699/2021 to update taxpayer registration forms and procedures under Law No. 245/2025. Key changes include clarified instructions for Form 060, ensuring secondary offices are properly identified, and updated VAT and tax registration certificates to capture non-resident taxpayer information, addressing...
Bangladesh’s National Board of Revenue (NBR) has requested taxpayers, business organisations, trade bodies and other stakeholders to submit proposals for the 2026-27 fiscal year budget. The move is part of the board’s preparations to formulate a participatory and business-friendly budget. The NBR said it has been developing revenue policies as part of the government’s overall...
Brazil’s tax authority, the Federal Revenue Service (RFB) announced the issuance of Ordinance RFB No. 655/2026 on 27 February 2026, granting emergency tax relief to municipalities affected by severe flooding in Minas Gerais state. The measure applies exclusively to taxpayers domiciled in the cities of Juiz de Fora, Ubá, and Matias Barbosa, where a state...
Canada’s Department of Finance, in a news release on 27 February 2026, announced that it launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivising companies to produce and invest in Canada, ensuring Canada remains a global powerhouse for automotive manufacturing. The changes considered could help to better align trade policy...