Tuesday, March 17, 2026
Chile’s tax authority (SII) issued Ruling No. 360-2026 on 11 February 2026, clarifying that foreign professionals providing services in Chile can only claim the VAT exemption under article 12(E)(8) of the VAT Law if their employment or professional income is actually taxed in Chile under article 42 or 48 of the Income Tax Law. Article...
The Nigeria Revenue Service (NRS) has released a timeline for the phased implementation of its Electronic Invoicing and Electronic Fiscal System (EFS), also known as the Merchant Buyer Solution (MBS). The initiative is part of efforts to modernise tax administration and improve compliance. Earlier, the EFS system went live for Large Taxpayers, with annual turnover...
The Nigeria Revenue Service has clarified, on 17 February 2026, that the Nigeria Tax Act 2025 is already in effect and does not impose a 25% tax on building materials, construction funds, or related transactions, contrary to false claims circulating in a recent video. Contrary to the misinformation being circulated, the Nigeria Tax Act 2025...
Indonesia’s Directorate General of Taxes has issued Announcement No. 1/PJ/2026 on 20 January 2026, detailing the participating and reportable jurisdictions for the 2026 automatic exchange of financial account information under the Common Reporting Standard (CRS). The following 117 countries and territories are the participant jurisdictions for the Automatic Exchange of Financial Account Information (AEOI-CRS) for...
Poland’s Supreme Administrative Court has ruled that companies using the deferred corporate income tax regime must comply with transfer pricing rules, including Local File documentation requirements. This ruling details a judgment from the Voivodeship Administrative Court in Poznań regarding the application of transfer pricing regulations to companies using “Estonian CIT” (lump-sum corporate income tax). The...
The Democratic Republic of the Congo’s Ministry of Budget has issued an official circular outlining the adoption of Finance Law n° 25/060 for the 2026 fiscal year. The document establishes comprehensive protocols for public financial management, with an emphasis on modernising tax collection, reinforcing oversight of government expenditures, and ensuring full legal compliance. Domestic tax...
Mozambique’s President signed into law and ordered the official publication of the Economic and Social Plan and State Budget (PESOE) for 2026, along with a package of tax reform legislation on 29 December 2025. Effective from 1 January 2026, the reforms significantly reshape the corporate tax, VAT, and customs landscape, tightening permanent establishment rules, expanding...
Greece’s Ministry of National Economy & Finance and the Independent Authority for Public Revenue (AADE), on 17 February 2026, have extended the deadlines for the implementation of mandatory electronic invoicing for large enterprises included in the first phase of the rollout. The commencement dates for mandatory electronic invoicing have been postponed to allow businesses additional...
The income and capital gains tax treaty between Peru and the UK entered into force on 21 January 2026. Signed on 20 March 2025, the agreement aims to eliminate double taxation, prevent tax evasion and avoidance, and improve dispute resolution between the two nations. The treaty is expected to strengthen tax cooperation, while providing clarity...
The Internal Revenue Service (IRS) released Notice 2026-7 on 18 February 2026, setting out further interim guidance on the application of the Corporate Alternative Minimum Tax. The notice is scheduled for publication in the Internal Revenue Bulletin 2026-11 on 9 March 2026. This notice provides additional interim guidance regarding the application of the corporate alternative...