Tuesday, March 17, 2026
Botswana’s Ministry of Finance presented its budget proposals for the 2026-2027 Financial Year (FY) to the National Assembly on 9 February 2026 . Amendments include changes to corporate taxation, VAT and personal taxation. The key tax-related proposals include: Corporate tax rate The government has proposed to increase the corporate income tax rate by 3%. This...
France and India signed an amending protocol on 17 February 2026 to update the income and capital tax treaty. Under the proposed amending protocol, the withholding tax on dividends paid to French investors holding at least 10% of an Indian company’s capital would fall from 10% to 5%. Dividends not meeting this holding condition would...
The Saudi Zakat, Tax and Customs Authority (ZATCA) has launched a public consultation on draft economic substance requirements for investors in Saudi Arabia’s special economic zones (SEZs), the authority announced on 18 February 2026. The draft regulations, covering Jazan, Ras Al-Khair, King Abdullah Economic City, and the Cloud Computing and Information Technology Zone, aim to...
Chile’s tax authority (SII) issued Letter Ruling No. 286 on 4 February 2026, clarifying the conditions under which taxpayers may claim a credit for foreign taxes paid. The ruling responds to a taxpayer request seeking both a foreign tax credit where net foreign-source income was zero or a loss, and a refund of excess tax...
New Zealand’s Inland Revenue has released a draft Operational Statement for public consultation addressing the bright line tests used to classify off-market share cancellations as either taxable dividends or non-taxable capital returns. This operational statement provides guidance on the tax treatment of off-market share cancellations, focusing on the bright line tests and the Commissioner’s notice...
The Netherlands initiated a public consultation on draft legislation to amend expat taxation, share acquisition price rules after emigration, and unilateral double taxation relief for directors and supervisory board members. The consultation runs from 13 February 2026 to 13 March 2026. The key points of the draft legislation are as follows: Taxation of expats The...
The Federation of Bosnia and Herzegovina has published amendments to its Rulebook on the Implementation of the Income Tax Law. The changes appear in Official Gazette No. 12/26 on 13 February 2026. The update adds a new provision to Article 10, paragraph (1), introducing item h), which covers: Regulations on the payment of assistance to...
The Turkish Revenue Administration has extended the filing and payment deadlines for fourth-quarter 2025 income and corporate provisional tax returns, as announced in Circular VUK-197/2026-3 on 16 February 2026. The new deadline for affected taxpayers is 9 March 2026. This extension applies to taxpayers in Adıyaman, Hatay, Kahramanmaraş, and Malatya, as well as the İslahiye...
The German Federal Ministry of Finance has released a draft of its revised guidelines on permanent establishments (PEs) in domestic and international tax law. These guidelines are intended to replace the previous version issued in December 1999. The draft sets out the factual and legal requirements for creating a PE under section 12 of the...
The UAE Ministry of Finance issued Cabinet Decision No. 209 of 2025 on Exchange of Information upon Request for Tax Purposes on 10 February 2026. The decision establishes a unified legislative framework for the consistent application of the Exchange of Information on Request (EOIR) Standard. The Ministry stressed that since joining the OECD Global Forum...