Tuesday, February 24, 2026
The Saudi Zakat, Tax and Customs Authority (ZATCA) urges individuals to pay their Zakat “voluntary” via “ZAKATY” App for smart phones or via the website (zakaty.zatca.gov.sa) where this Platform provides the ability to calculate the payable Zakat of various type. This Zakat includes money, gold, silver, stocks, investment funds, real estate acquired for trade, etc....
Sweden’s Ministry of Finance (MoF) has published a draft bill proposing measures to combat tax evasion through VAT fraud in cross-border EU trade by strengthening the Swedish Tax Agency’s ability to control access to the VAT system. This announcement was made on 17 February 2026. The bill proposes, among other things, that the Tax Agency...
The Czech Ministry of Finance has submitted a draft law for consultation that would introduce an updated electronic sales recording system (EET 2.0) from 1 January 2027. Drawing on experience from the previous system and reflecting advances in digital payments, the modernised framework is designed to simplify tax administration while reducing the technical burden on...
Turkey’s Revenue Administration has issued Guidance No. 583, outlining the taxation of capital gains from the sale of real estate. The guidance details the rules, calculation methods, and declaration procedures for income tax on gains realised from disposing of property within five years of acquisition. Scope of taxation and the Five-Year rule Capital gains arise...
Indonesia and the US have finalised a trade agreement on 19 February 2026 that reduces US tariffs on Indonesian goods from 32% to 19%, with key exemptions secured for Indonesia’s major exports. The deal was signed in Washington by Indonesia’s senior economic minister, Airlangga Hartarto, and US Trade Representative, Jamieson Greer, following months of negotiations....
Poland’s Senate is examining draft legislation to implement two EU directives on administrative cooperation in taxation — DAC8 and DAC9 — following its approval by the Committee on Budget and Public Finance on 18 February 2026. Poland, along with other EU Member States, is required to incorporate both directives into its legal framework by the...
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...