Monday, April 27, 2026
Bangladesh’s National Board of Revenue (NBR) is considering making VAT registration, known as a Business Identification Number (BIN), mandatory for opening or maintaining business bank accounts, in a move aimed at widening the VAT net. Under the proposed measure, businesses may be required to provide a BIN when opening or continuing current accounts. According to...
US President Donald Trump has signed an executive order imposing sweeping tariffs on imported patented pharmaceuticals, with rates reaching 100% for most products not manufactured domestically. The measure, formalised through a proclamation issued on 2 April 2026, aims to strengthen national security and reduce American dependence on foreign pharmaceutical supply chains. The White House also...
The US IRS has released Notice 2026-25, setting out updated limits on housing expenses for 2026 under Section 911 of the Internal Revenue Code. This notice provides adjustments to the limitation on housing expenses for purposes of section 911 of the Internal Revenue Code for specific locations for 2026. These adjustments are based on geographic...
New Zealand Inland Revenue has announced, on 31 March 2026, that the Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Bill received Royal assent on 30 March 2026, enacting it into law. The legislation introduces a wide-ranging package of tax, GST, and social policy amendments, introducing significant changes to the Income Tax Act...
The US Internal Revenue Service (IRS) issued a release on 9 April 2026, in which it reminded last-minute tax filers of the 15 April deadline. The IRS encourages those who still need to file to use free tools and resources on IRS.gov to file on time or request an extension. From refund status and getting...
Ecuador has announced that it will increase customs duties on imports from Colombia to 100% from 50%, effective 1 May, escalating a series of tariff measures linked to border security and drug trafficking concerns. The Ministry of Production said the decision follows what it described as Colombia’s failure to implement “concrete and effective” measures on...
Algeria’s General Directorate of Taxes (DGI) issued an official instruction on 31 March 2026 ordering the suspension of all tax audits across the country through the end of the year. The directive, addressed to regional directorates, state-level tax offices, and research and audit departments, covers not only audits launched in 2026 but also those initiated...
Botswana’s Minister of Finance has tabled the 2025 Tax Amendment Bills before Parliament on 15 December 2025. The Bills include the Income Tax Bill (2025), Value Added Tax Bill (2025), the Customs Amendment Bill (2025), and the Tax Administration Bill (2025). The bills are aimed at consolidating, modernising, and harmonising Botswana’s tax legislation, as well...
The Slovak Republic’s Ministry of Finance has issued Guidance No. MF/016959/2025-724, which provides updated rules for the taxation of income derived by nonresidents from computer programs (software). This guidance, effective from 1 January 2026, aims to ensure a uniform procedure in assessing whether such payments are subject to withholding tax in Slovakia. A fundamental shift...
UK’s HMRC has issued updated guidance on the foreign income and gains (FIG) regime on 6 April 2026, setting out eligibility criteria, claim procedures, qualifying income and gains, and the implications for tax allowances. Background: FIG replaces remittance basis The FIG regime, introduced on 6 April 2025, replaces the remittance basis of assessment following its...