Monday, April 27, 2026
The Cyprus Tax Department has announced that the Administrative Cooperation in the Field of Taxation (Amending) Law of 2026 (Law No. 38(I)/2026) entered into force on 1 January 2026, following its publication in the Official Gazette on 27 March 2026. The amendments revise Article 7D of the principal law, which governs the automatic exchange of...
Brazil’s tax authority, the Federal Revenue Service (RFB) announced, on 6 April 2026 that it has launched Version 3.9 of the Federal Tax Debits and Credits Declaration Generator (PGD DCTF), which is now available for download. This update aligns with Complementary Law No. 227, of 13 January 2026, which revised the deadline for the Late...
Kuwait has implemented the Budget Executive Regulations for FY 2026/2027, effective 1 April 2026, introducing revisions to the retention (withholding) on payment rules. Under the new regulations, Ministries, government bodies, and public institutions must retain 5% of payments made under contracts, agreements, or transactions until a tax clearance certificate from the Ministry of Finance is...
Bolivia’s National Tax Service (SIN) has introduced a regulatory update yesterday, 7 April 2026, aimed at easing the tax burden on businesses operating under the “zero rate” VAT regime. Through Regulatory Board Resolution (RND) 102600000010, companies can now deduct previously non-creditable VAT from purchases when calculating corporate income tax (IUE). The reform aligns with Supreme...
The Australian Taxation Office (ATO) announced yesterday, 7 April 2026, that the fuel tax credit rates had changed on 1 April 2026, following a 60.9% temporary reduction in fuel excise. This is because fuel tax credit rates are based on the amount of excise duty payable on fuel. As different fuel tax credit rates apply...
The Qatar General Tax Authority (GTA) has released guidance on the Pillar Two Global Minimum Tax, including user manuals, relevant legislation and regulations, and a set of frequently asked questions (FAQs). Qatar’s Global Minimum Tax Qatar’s Global and Domestic Minimum Tax reflects Qatar’s strong commitment to international tax standards and alignment with the OECD’s Pillar...
Finland’s Tax Administration has reminded taxpayers, on 2 April 2026, of the approaching deadline for submitting corporate tax returns for accounting periods ending in December 2025, with filings due by 30 April 2026. A range of entities, including limited liability companies, housing or real estate companies, associations, foundations, municipalities, and foreign corporations are required to...
The Russian Federal Tax Service has issued a reminder that individuals are required to submit the annual notification on controlled foreign companies (CFCs) for the 2025 tax year by 30 April 2026. This obligation applies regardless of the financial performance of the foreign companies. Where exemptions from taxation of a CFC’s profits exist, individuals must...
The Swiss Federal Tax Administration (FTA) on 7 April 2026 released official statements clarifying how Switzerland will apply the Pillar Two Side-by-Side Package and related administrative guidance on Article 9.1 of the Global Anti-Base Erosion Model Rules (GloBE Rules). The statements address both the timing of safe harbour rules and the treatment of deferred tax...
The Sultanate of Oman issued Royal Decree No. 8/2026 on 12 January 2026, establishing the International Financial Centre of Oman (IFC Oman). Effective 13 January 2026 upon its publication in the Official Gazette, IFC Oman will operate with legal personality and financial independence, reporting directly to the Deputy Prime Minister for Economy and Finance. The...