Tuesday, February 24, 2026
Switzerland has updated its list of jurisdictions for the automatic exchange of Country-by-Country (CbC) reports under the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (CbC MCAA). Decision No. RO 2026 28, published on 20 January 2026 in Official Gazette No. 9, adds Senegal to the exchange list. The update applies from 13...
Officials from Argentina and Vietnam held the first round of negotiations for an income tax treaty from 12 to 16 January 2026. The aim is to prevent double taxation and tax evasion between the two jurisdictions, as well as encourage greater foreign investment. Any resulting agreement must be finalised, signed, and ratified before entering into...
Taiwan’s Northern National Taxation Bureau of the Ministry of Finance has reminded profit-seeking enterprises that when calculating Controlled Foreign Corporation (CFC) annual earnings, investment gains or losses originating from “low-tax jurisdictions” cannot be deducted. This announcement was made on 22 January 2026. According to Article 6 of the Regulations Governing the Recognition of Income of...
China’s Ministry of Finance, State Taxation Administration, National Development and Reform Commission, Ministry of Civil Affairs, Ministry of Commerce, and National Health Commission issued Announcement No. 7 of 2026 on 15 January 2025, which updated the tax incentives for community household services, including elderly care, childcare, and housekeeping services. The tax incentives are as follows:...
Finland’s tax administration has published new guidance on 20 January 2026 on the minimum taxation of large groups under the Pillar 2 global minimum tax framework. The guidance provides detailed explanations on the calculation of the effective tax rate (ETR) and the supplementary (top-up) tax under Finland’s Minimum Tax Act (1308/2023), which implements the EU...
Estonia’s parliament is reviewing draft Bill 795 SE, submitted on 19 January 2026, which seeks to implement Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8). The bill introduces new reporting and due diligence requirements for crypto-asset service providers. Approved by the European Council in October 2023, DAC8’s provisions are largely based on the OECD’s...
Ecuador’s President Daniel Noboa announced on X on 21 January 2026 that his country will impose a 30% tariff on imports from Colombia starting 1 February 2026, citing a trade imbalance and Colombia’s insufficient cooperation in combating drug trafficking along their shared border. Noboa said the tariff will stay in effect until Colombia shows a...
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has updated its International Manual, providing revised guidance on key taxation areas affecting multinational companies. The updates, published on 16 January 2026, include the following: Transfer pricing HMRC has updated pages INTM414010 to INTM414500 to reflect the reform of UK transfer pricing rules. Introduced in...
US President Donald Trump announced in a post on Truth Social on 22 January 2026 that he would not impose tariffs on the dispute over Greenland, easing tensions that had unsettled NATO allies and raised fears of a serious transatlantic rupture. “Based upon a very productive meeting that I have had with the Secretary General...
Mexico’s tax administration, the Servicio de Administración Tributaria (SAT), has announced, on 12 January 2026, that the annual tax filing deadline for fiscal year 2025 for Mexican resident legal entities will fall on 31 March 2026. In-scope taxpayers are required to submit their annual income tax return covering the 2025 fiscal year by the end...