Tuesday, March 17, 2026
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance has reminded professionals, including doctors, lawyers, and accountants, that they are legally required to maintain accounting books and preserve supporting vouchers. The Bureau said that complying professionals can access tax benefits, including deducting 150% of salary expenses paid to employees during periods of official...
South Africa’s Minister of Finance, Enoch Godongwana, delivered the 2026 Budget Speech on 25 February 2026, setting out the government’s fiscal priorities and economic direction for the year ahead. The Budget focuses on stabilising public debt and promoting inclusive economic growth through disciplined expenditure and structural reforms, particularly in the energy and logistics sectors. It...
Hong Kong’s Financial Secretary Paul MP Chan delivered the 2026-27 Budget on 25 February 2026. Under the theme of “Driving High-quality, Inclusive Growth with Innovation and Finance,” the budget introduces a mix of one-off relief measures and long-term structural tax changes designed to maintain competitiveness while addressing the needs of residents and enterprises. A significant...
US Trade Representative (USTR) Jamieson Greer announced, on 25 February 2026, that tariff rates will increase to 15% or higher for certain countries, up from the current 10% rate that took effect on 24 February 2026. However, he did not specify which nations would face the higher duties. On 25 February 2026, the US began...
The Japanese Ministry of Foreign Affairs announced on 20 February 2026 that the fourth round of negotiations with Ukraine on revising the Investment Protection Agreement (2015) took place from 17 to 19 February 2026. Both parties committed to ongoing talks to reach a swift conclusion to the negotiations. Earlier, Japan’s Ministry of Finance announced on...
Bosnia and Herzegovina’s Ministry of Foreign Affairs announced that officials from Bosnia and Herzegovina and Iceland held talks on 18 February 2026 to review bilateral relations. The meeting marked the start of preparations for negotiating an income tax treaty between the two countries. Both sides expressed a strong interest in deepening cooperation, particularly in economic...
The French Senate, the upper chamber of parliament, gave its approval to the new income tax treaty with Cyprus on 19 February 2026. The treaty, signed on 11 December 2023, seeks to prevent double taxation and fiscal evasion between the two nations. Once in effect, the new agreement will supersede the 1981 tax treaty between...
Indonesia’s Directorate General of Taxation (DJP) issued Regulation PER-23/PJ/2025, which was enacted on 9 December 2025, establishing the specific criteria for identifying domestic and foreign tax subjects. It defines domestic subjects as individuals residing in Indonesia for over 183 days within a year or entities established within the country’s legal jurisdiction. This regulation replaces older...
The Ministry of Economy and Finance (MEF) announced on 23 February 2026 that it will launch a major initiative to dissolve suspended legal entities, reinforcing Panama’s commitment to legal and financial transparency while meeting international obligations, starting 27 February 2026. Two-phase dissolution process The dissolution will unfold in two distinct stages. The first phase targets...
The UAE Ministry of Finance updated its e-invoicing guidance webpage by publishing several new guidance documents on 24 February 2026. The guides are as follows: Pre-Approved eInvoicing Service Providers UAE Electronic Invoicing Guidelines UAE Electronic Invoice Mandatory Field Requirements Considerations for Selecting an Accredited Service Provider UAE eInvoicing Programme Introduction This follows the UAE’S Ministry...