Sunday, May 17, 2026
Saudi Zakat, Tax and Customs Authority (ZATCA) urged business sector establishments subject to VAT, with goods and service revenues exceeding SAR 40 million, to file their tax returns for the March 2026, while urging businesses whose annual supplies do not exceed SAR 40 million to submit their returns for the first quarter of 2026. The...
Kuwait published Decree-Law No. 57 of 2026 in Official Gazette Kuwait Al-Youm, Issue No. 1787, on 19 April 2026, finalising its domestic legal framework for the OECD Common Reporting Standard (CRS) and the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA), which Kuwait signed in 2016. The decree confirms Kuwait’s...
Brazil’s Federal Revenue Service has initiated a public consultation on significant amendments to Normative Instruction RFB No. 2.228, issued on 3 October 2024. The proposed changes aim to align the country’s qualified domestic minimum top-up tax (QDMTT) with the latest OECD guidance on Pillar Two, specifically incorporating the Substance-based Tax Incentive (SBTI) Safe Harbour from...
The Australian Taxation Office (ATO) on 16 April updated Practice Statement PS LA 2011/15, which outlines tax filing obligations, due dates, and deferral provisions. The revision expands the list of exceptional or unforeseen circumstances under which a filing deferral may be granted, now explicitly including situations of vulnerability such as domestic violence, financial coercion, and...
Italy’s Revenue Agency has announced that it has enacted Law no. 50 of 20 April 2026, converting Decree Law no. 19/2026, which introduces significant tax simplifications as part of the National Recovery and Resilience Plan (NRRP) implementation. POS receipt storage requirement eliminated The new legislation abolishes the decade-long requirement to retain paper receipts from POS...
Taiwan’s Ministry of Finance has released a notice, on 21 April 2026, setting out the income tax return filing period for the 2025 tax year. The Ministry of Finance states that the filing period will begin on 1 May 2026. As that day is a national holiday, tax offices will be closed to the public...
Belgium has enacted a law that introduces capital gains taxation on financial assets, effective 1 January 2026. The Act, signed into law on 6 April 2026, represents a fundamental shift in how the country taxes investment income. Progressive tax structure for different asset categories The new law establishes three distinct categories of taxable capital gains....
The Province of Buenos Aires has introduced the Provincial Strategic Investment Regime under Law 15,510, offering substantial tax incentives to attract productive investments that strengthen the region’s economy and development. Investment thresholds and tax exemptions The regime targets projects starting at USD 5 million, with benefits scaling based on investment size. Projects between USD 5...
Nigeria’s Joint Revenue Board (JRB) has released the Personal Income Tax Guidelines 2026 on 7 April 2026. The 2026 Personal Income Tax Guidelines established a comprehensive framework for tax compliance and administration. These regulations mandate that all taxable persons and employers obtain a unique Tax Identification number and adhere to strict filing deadlines for annual...
The Luxembourg tax administration issued Circular L.I.R. n° 56/2 – 56bis/2 on 13 April 2026, introducing a simplified and rationalised approach for applying the arm’s length principle to baseline marketing and distribution activities, referred to as “Amount B”. The measure follows the OECD’s Pillar One report and is intended to ease transfer pricing compliance and...