Monday, April 27, 2026
The UAE Ministry of Finance (MoF) has announced, on 1 April 2026, amendments to Cabinet Decision No. (74) of 2023 On the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures, pursuant to the amendments introduced under Federal Decree-Law No. (28) of 2022 on Tax Procedures, as amended, which entered into force...
The Department of the Treasury and the Internal Revenue Service issued guidance on 6 April 2026 to the Chief Executive Officers of any State, the District of Columbia, and US territories regarding the procedure for nominating population census tracts to be designated as qualified opportunity zones (QOZs) under the One, Big, Beautiful Bill. “Permanently extending...
With the 15 April tax deadline fast approaching, the Internal Revenue Service (IRS) reminded taxpayers on 3 April 2026 that there is still time to file their federal income tax return electronically and request direct deposit for any refund due. Taxpayers can avoid interest and some penalties by filing their tax return, and if they...
Austria and France have formally signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA) on 17 March 2026 and 30 March 2026, respectively, the OECD has confirmed. The DPI MCAA establishes a framework for the automatic exchange of information under the OECD Model Rules...
The New Zealand Inland Revenue released Tax Information Bulletin Volume 38 – 2026, which includes, among other items, Determination AE 26/01 on the participating jurisdictions for the Common Reporting Standard (CRS) on 1 April 2026. This determination lists the participating jurisdictions that, effective from 1 April 2026, have an agreement with New Zealand to provide...
The Spanish Tax Agency has published Royal Decree 238/2026 on 25 March 2026, in the Official State Gazette (BOE) on 31 March. The decree introduces mandatory electronic invoicing requirements for B2B transactions between businesses and professionals and updates the Regulation on invoicing obligations established by Royal Decree 1619/2012 of 30 November. Royal Decree 238/2026 sets...
The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 5/2026 on 1 April 2026, clarifying the criteria for a company to qualify as an “excluded entity” under Section 10L of the Income Tax Act 1947. This status is important because capital gains from the sale of foreign assets are not taxed...
Pakistan’s Federal Board of Revenue (FBR) has introduced a significant tax exemption for builders and developers through Circular No. 07 of 2025-26, addressing long-standing liquidity concerns in the construction industry on 31 March 2026. The circular clarifies the treatment of withholding tax for taxpayers operating under Section 7F of the Income Tax Ordinance, 2001. This...
The Belgian Parliament passed legislation on 2 April 2026 implementing a capital gains tax on financial assets, applying to all gains realised from 1 January 2026 onwards. The tax applies to Belgian residents subject to personal income tax, as well as non-profit organisations and foundations. Unincorporated associations will see taxation applied directly to their individual...
Hungary’s National Tax and Customs Administration (NAV) has published the technical API specifications for DAC9 reporting on 25 March 2026. The affected taxpayers must submit their first GloBE Information Return (GIR) by 30 June 2026, as mandated under Section 49 of Act LXXXIV of 2023. This legislation governs additional taxes ensuring a global minimum tax...