Tuesday, February 03, 2026
Bahrain’s National Bureau for Revenue (NBR) released Version 1.2 of its DMTT Law guide on 31 December 2025, covering the law’s scope and registration requirements. The purpose of this guide is to provide a high-level overview of the scope of the Domestic Minimum Top-Up Tax (DMTT) Law (i.e. what entities fall within its scope) and...
The Federal Revenue Service (RFB), has opened the Declaration of Option for the Special Asset Update Regime (Deap), allowing individuals and legal entities to update asset values acquired with legally sourced funds up to 31 December 2024, with definitive taxation at fixed rates. Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 2 January...
The UAE Federal Tax Authority has issued an updated guide, Taxable Persons Guide for Excise Tax – ETGTP1, on 2 January 2026. This guide is the main reference guide to Excise Tax in the UAE. It provides you with: an overview of the main Excise Tax rules and procedures in the UAE and how to...
Colombia’s government issued Legislative Decree No. 1474 on 29 December 2025, introducing several temporary tax measures to fund the national budget in response to the state of emergency declared earlier under Decree No. 1390 of 22 December 2025. The changes focus on increasing revenue from high-income individuals, specific industries, and luxury consumption. These tax measures,...
Bulgaria has implemented new rules to support small businesses and align with the European Union (EU) VAT law. The changes, effective 1 January 2026, are part of the Law on Amendments and Supplements to the Value Added Tax Act to the Bulgarian Value Added Tax (VAT) Act, published in the Official Gazette on 30 December...
Taiwan’s tax authority, Taipei Customs, announced on 7 January 2026 that the Commodity Tax Act has been amended and passed, exempting sugar-free beverages from commodity tax, effective 1 January 2026. To facilitate compliance by both tax authorities and taxpayers, the Ministry of Finance issued the “Points to Note Regarding the Application of Commodity Tax Exemption...
China’s fiscal and tax authorities (STA) announced on 6 January 2025 that it will lower the value-added tax (VAT) rate from 5% to 3% for individuals selling housing purchased less than two years ago, effective 1 January 2026. The new policy, jointly released by the Ministry of Finance and the State Taxation Administration, further clarifies...
The Singapore Ministry of Finance (MOF) has published the Multinational Enterprise (Minimum Tax) (Administrative Matters) Regulations 2025 (S 861) on 30 December 2025, providing detailed rules for the designation of local filing entities, record retention, and other administrative matters under the Multinational Enterprise (Minimum Tax) Act 2024. The regulations take effect from 31 December 2025...
The Cyprus Tax Department, in an announcement on 7 January 2026, informed taxpayers that the deadline for submitting the VAT return and paying the VAT due for the period ending 30 November 2025, submitting the Recapitulative Statement (VIES) for December 2025, and submitting and paying the flat-rate VAT under the Special Urban Taxi Scheme for...
The Netherlands Ministry of Finance sent a letter to the House of Representatives on 5 January 2026 outlining the Side-by-Side arrangement for the Pillar 2 global minimum tax, which was recently agreed by the BEPS Inclusive Framework. The letter outlines the key elements of the Side-by-Side package. This agreement establishes criteria for recognising certain national...