Sunday, May 17, 2026
India and New Zealand signed a free trade agreement (FTA) on Monday, 27 April 2026 in New Delhi, aiming to cut tariffs, expand market access and strengthen economic ties amid ongoing global trade tensions. The deal was signed by India’s Commerce and Industry Minister Piyush Goyal and New Zealand’s Trade Minister Todd McClay in the...
The OECD announced that it published “A Practical Guide to Investment Tax Incentives”, offering governments—especially in developing and emerging economies—practical guidance on designing and implementing investment tax incentives on 27 April 2026. The guide covers the complete policy lifecycle, from conception through design, implementation, monitoring, evaluation, and reform. Drawing on global experiences, it identifies common...
France has updated its list of non-cooperative states and territories for tax purposes through the Decree of 15 April 2026, published in the Official Gazette on 26 April 2026. The measure is issued under Article 238-0 A of the General Tax Code (CGI) and is part of France’s framework for identifying jurisdictions that do not...
Namibia’s Ministry of Finance has revised its roadmap for implementing a nationwide e-invoicing system, moving away from the previously announced April 2026 launch date. The Ministry of Finance (MoF) now indicates the initiative will roll out sometime between 2026 and 2029, though no specific date has been confirmed. The e-invoicing reform remains a priority for...
The Bureau of Internal Revenue (BIR) of the Philippines issued Revenue Memorandum Circular (RMC) No. 24-2026 on 30 March 2026 to clarify the application of RMC Nos. 5-2024 and 38-2024 on the taxation of cross-border services. The circular aligns previous issuances with the Supreme Court ruling in the Aces Philippines case and provides guidance on...
Hungary has gazetted Government Decree No. 87/2026 on 23 April 2026, which maintains the 0% advertising tax rate in effect since 1 July 2019. Without this intervention, the advertising tax would have been reinstated on 1 July 2026. The new decree ensures the rate remains at 0% of the tax base starting from that date....
Canada’s chief trade negotiator, Janice Charette, has indicated on Tuesday, 21 April 2026, that not all trade disputes with the US will be settled by the 1 July review deadline for the North American free trade agreement, but emphasised this won’t trigger the deal’s collapse. Speaking at a Canadian Chamber of Commerce event in Ottawa,...
Kenya’s tax authority (KRA), in a release on 23 April 2026, has notified taxpayers and the public that, effective May 2026, the VAT return export data in ICMS will be integrated with the declaration of zero-rated supplies in the VAT return in iTax. This means that validated export values will be automatically prefilled in the...
The Government of Montenegro has released a draft law on Amendments to the Law on Corporate Income Tax, proposing measures to address profit shifting in accordance with the EU Anti-Tax Avoidance Directive (ATAD) (Directive 2016/1164 as amended by Directive 2017/952). Key anti-profit shifting rules Interest limitation rule: A taxpayer’s deductible borrowing costs are limited to...
The UK’s HMRC has issued a policy paper on 20 April 2026, outlining proposed updates to the Climate Change Agreements (CCA) scheme in the UK. The proposal focuses on expanding eligibility to additional energy-intensive activities, refining key calculation methods linked to emissions performance, and consolidating existing regulations. Together, the proposals are intended to strengthen the...