Tuesday, April 07, 2026
Italy’s Revenue Agency has introduced emergency tax relief measures to combat surging fuel prices, including temporary excise duty cuts and EUR 110 million in tax credits for transport and fishing sectors through Decree Law No. 33 on 18 March 2026. The Decree Law No. 33, effective 19 March 2026, provides road haulage companies with credits...
Israel’s Ministry of Finance and the Banks Association finalised a compromise deal that will see banks transfer ILS 3.25 billion to the state in 2026 and an additional ILS 250 million in 2027. The deal replaces a planned five-year taxation framework with a one-time payment. In return, the proposed legislation to impose an extra tax...
The US Internal Revenue Service (IRS) announced on 20 March 2026 that over 1.3 million people across the nation have unclaimed refunds for tax year 2022 and face an 15 April deadline to submit their tax returns. The IRS estimates that approximately USD 1.2 billion in refunds remains unclaimed for taxpayers who have not filed...
The Russian Ministry of Finance (MoF) has clarified the timeframe for refunding corporate income tax previously withheld from payments made to foreign organisations. The official position was outlined on 12 March 2026 in Letter No. 03-08-13/6622. According to the letter, a foreign recipient of income, or their representative, must submit an application for a tax...
The Swiss Federal Tax Administration (FTA) has announced that the GloBE Information Return (GIR) application is now available on the federal government’s online portal. The application allows companies to register for GIR purposes and submit their GloBE Information Return directly to the FTA. Under the GIR framework, the FTA exchanges information with foreign tax authorities...
Luxembourg’s parliament passed a law implementing EU Directive 2023/2226 (DAC8), introducing stricter reporting and due diligence requirements for crypto-asset service providers (CASPs). Under the law, CASPs must collect users’ tax residency, names, addresses, tax IDs, dates of birth, and transaction details. They must submit reports to the Administration des contributions directes (ACD) by 30 June...
The UK’s HM Revenue & Customs (HMRC) has initiated a public consultation on proposed rules for reporting transactions between close companies and their participators on 19 March 2026. This consultation seeks views on proposals to introduce new requirements to report transactions between close companies and their participators to HMRC. The aim is to explore the...
The Puerto Rico Department of the Treasury has issued Internal Revenue Circular Letter No. 26-06 on 13 March 2026, setting out the procedure for the electronic filing of the Corporate Income Tax Return for tax year 2025. The guidance is issued under Section 1061.02 of the Puerto Rico Internal Revenue Code of 2011, as amended,...
Belgium’s Federal Public Service (SPF) Finance has launched a public consultation on 17 March 2026 on draft top-up tax returns under the Pillar Two Income Inclusion Rule (IIR) for the 2024 and 2025 tax years, along with accompanying explanatory notes. It also provides technical instructions for multinational enterprises and large-scale domestic groups on how to...
Croatia’s government has initiated proceedings, on 18 March 2026, to sign an amending protocol with the US government that will modify the existing convention on avoiding double taxation and preventing tax evasion regarding income taxes. The original Convention between Croatia and the US was signed in Washington on 7 December 2022. However, despite Croatia beginning...