Tuesday, March 17, 2026
Bulgaria’s National Assembly ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) on 18 February 2026. The Crypto-Asset Reporting Framework (CARF) is a standardised global tax transparency framework developed by the Organization for Economic Co-operation and Development (OECD). Its primary purpose is to facilitate the automatic,...
Ireland’s Department of Finance has released the Research and Development Tax Credit and Innovation Compass on 16 February 2026, setting out the work completed in 2025 to review the R&D tax credit regime and related innovation supports. The Compass explains the Government of Ireland’s longer-term approach to R&D incentives. It traces the development of the...
Guernsey Revenue Service has released Bulletin 2026/1 on 23 January 2026, setting out the lists of reportable and participating jurisdictions applicable to the 2025 and 2026 reporting periods under the Common Reporting Standard (CRS) for the automatic exchange of financial account information. This bulletin outlines the specific jurisdictions involved in the automatic exchange of financial...
The Africa Tax Administration Forum (ATAF) has released a technical note on 6 February outlining changes to the Global Minimum Tax (GMT) known as the “Side-by-Side Package,” which details the package components and ATAF’s stance on related safe harbours, including the Side-by-Side safe harbour and ultimate parent entity safe harbour. This Technical Note summarises the...
Brazil’s Federal Revenue Service (RFB) announced yesterday, 19 February 2026, that it has extended the application deadline for the inaugural edition of its Cooperative Fiscal Compliance Programme — known as Confia — to 20 March 2026, following requests from companies that needed additional time to complete internal approval processes. The extension was formalised through Ordinance...
Australia’s Treasury has initiated a public consultation on proposed amendments to the Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024 from 16 February – 13 March 2026. The draft amending rules, titled the Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No. 1) Rules 2026, seek to update specific provisions in line with the most...
Chile’s tax authority (SII) issued Circular No. 7 on 12 February 2026, updating various thresholds used to calculate employment income tax for March 2026. Circular No. 7 sets the following adjusted values for March 2026: Key reference values: The monthly tax unit (UTM) is set at CLP 69,889 and the annual tax unit (UTA) at...
Jamaica’s Finance Minister Fayval Williams unveiled the 2026-27 national Budget on 12 February 2026. The latest budget is driven largely by the economic fallout from Hurricane Melissa, which caused damage exceeding USD 8.8 billion. The government has outlined a JMD 1.441 trillion spending plan against projected revenues of JMD 1.338 trillion. To close that gap,...
The Philippines and Luxembourg, during the bilateral meeting on 18 February 2026, held talks regarding the establishment of a new income tax treaty The discussions aimed at strengthening collaboration in trade and investment, creative industries, and technology. Officials discussed information and space technology, AI, labor mobility, and finalising a new agreement on the avoidance of...
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to covered financial institutions from certain requirements under FinCEN’s Customer Due Diligence Requirements for Financial Institutions rule (the “2016 CDD Rule”). The order excepts covered financial institutions from the requirement to identify and verify the beneficial owners of...