Monday, April 27, 2026
The Cyprus Tax Department announced on 2 April 2026 that the Administrative Cooperation in Taxation Law (Amendment) of 2026 (DAC8) officially entered into force on 1 January 2026, introducing new reporting obligations for cryptocurrency service providers. Under Article 7F and Annex IV of Law N.38(I)/2026, Reporting Crypto-Asset Service Providers must follow specific data submission requirements...
The Hong Kong Inland Revenue Department (IRD) has introduced electronic completion and filing of Hotel Accommodation Tax returns, effective 1 April 2026. In addition to the existing paper returns, starting from 1 April 2026, hotels may choose to download an e-fillable return from GovHK (www.gov.hk) (Home > Business & Trade > Government Form Catalogue >...
Poland announced, on 27 March 2026, details the specific nations and territories subject to tax information reporting requirements for the year 2025. The decree facilitates the automated exchange of financial data under the Common Reporting Standard (CRS) to ensure transparency and combat global tax evasion. Published in the Official Gazette by the Minister of Finance...
Qatar’s General Tax Authority (GTA) announced on 1 April 2026 that it intends to launch the excise tax warehouse licensing service as part of its efforts to enhance the implementation of excise tax and streamline related procedures. This service enables the licensing premises designated for the production, processing, possession, storage, or receipt of excise goods,...
Romania’s Ministry of Finance has unveiled emergency measures on 2 April 2026 to shield consumers from surging fuel costs triggered by rising hostilities in the Middle East and global oil supply disruptions. Starting immediately upon the ordinance’s implementation, the excise duty on standard diesel fuel drops by RON 0.3 per litre. This reduction remains in...
Germany’s federal government has agreed to reduce the air travel tax, lowering rates for short-, medium-, and long-haul flights from 1 July 2026. The move is intended to strengthen the aviation sector and enhance Germany’s position as an international aviation hub. Under the new rates, short-haul flight taxes will fall from EUR 15.53 to EUR...
Korea (Rep.) will increase its temporary fuel tax reductions to ease costs amid the Middle East conflict, the finance ministry said Thursday 2 March 2026. Gasoline taxes will rise from a 7% cut to 15%, and diesel from 10% to 25%. The measure, originally set to end in April, will now continue through May. Fuel...
India’s Central Board of Direct Taxes (CBDT), under the Ministry of Finance’s Department of Revenue has announced the signing of a record 219 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2025-26. This total includes both Unilateral APAs (UAPAs) and Bilateral APAs (BAPAs), bringing the cumulative APA count to 1,034—comprising 750 UAPAs and 284...
India has formally implemented the Income-tax Act, 2025, from 1 April 2026, replacing the six-decade-old Income-tax Act, 1961, with the intention to simplify and modernise India’s income tax law. The legislation introduces clearer language, a streamlined structure, and a reader-friendly presentation to enhance compliance, while retaining the existing tax policy. Some of the key measures...
Ecuador’s Internal Revenue Service (SRI) has clarified that the OECD’s Pillar One – Amount B framework has not been adopted in the country, reaffirming that taxpayers must continue to apply existing domestic transfer pricing rules to routine marketing and distribution activities. The position was set out in Circular No. NAC-DGECCGC26-00000001, issued on 25 March 2026,...