Tuesday, April 07, 2026
Luxembourg issued the Grand-Ducal Decree of 13 March 2026, officially published in the Journal Officiel du Grand-Duché de Luxembourg (Mémorial A) on 16 March 2026, updating the list of partner jurisdictions for the exchange of financial account information under the Common Reporting Standard (CRS), effective 20 March 2026. The 2026 regulation modifies the Grand-Ducal Regulation...
Brazil’s government has enacted urgent measures to lower diesel prices as international oil costs spike due to armed conflict involving the US, Israel, and Iran, compounded by escalating tensions near the Strait of Hormuz—a strategic waterway carrying about 20% of global oil shipments. The government’s response includes one Provisional Measure and three presidential decrees designed...
Taiwan’s Ministry of Finance issued a notice on 16 March 2026, clarifying that only full-time personnel fully dedicated to R&D activities qualify as eligible expenditure for investment tax credits. To advance industrial innovation and enhance industrial competitiveness, companies or limited partnerships that have not committed any major violations of environmental protection, labor, or food safety...
The UAE has launched Phase 1 of its Research and Development (R&D) Tax Incentives Programme, aimed at strengthening the country’s innovation ecosystem and supporting sustainable economic growth. Under the initial phase, businesses can claim a non-refundable R&D tax credit of up to 50% on qualifying expenditure of up to AED 5 million. The measure is...
The Oman Tax Authority (OTA) has launched the “Fawtara” platform, initiating the phased introduction of electronic invoicing across the country. The system aims to improve the collection and monitoring of transactional data and standardise invoice exchanges between businesses, service providers, and the Tax Authority. The implementation will follow four phases: Phase 1: 100 large VAT-registered...
Bosnia and Herzegovina’s House of Representatives adopted amendments to the Law on Excise Duties on 16 March 2026, enabling the Council of Ministers to reduce or abolish excise duties on diesel, petrol, kerosene, heating oil, and biofuel for up to six months within a fiscal year. The changes were approved under urgent procedure and now...
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged business sector establishments subject to VAT, with goods and services revenues exceeding SAR 40 million, to file their tax returns for last February 2026, on a date no later than 31 March 2026. ZATCA has called on establishments to file their tax returns immediately through...
Poland has published the Act of 13 February 2026 amending the Act on the Exchange of Tax Information with Other Countries and certain related legislation in the Official Gazette on 17 March 2026, implementing the Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8) and Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). DAC8...
The European Commission, on 18 March 2026, presented its proposal and a dedicated FAQ page for EU Inc., a new single set of corporate rules, building the cornerstone and starting point for the EU’s 28th regime. EU Inc. is an optional, digital-by-default European corporate framework. It will make it easier for businesses to start, operate...
Romania’s Ministry of Finance has published Order No. 203/2026 in the Official Gazette No. 196 on 13 March 2026, detailing how deferred tax is to be recorded in the accounting records of constituent entities subject to Law No. 431/2023, which implements the Minimum Taxation Directive (2022/2523). The Order does not introduce any significant changes compared...