Sunday, June 07, 2026
Romania’s government gazetted Government Emergency Ordinance (GEO) No. 13/2026 on 9 March 2026, which introduces a series of fiscal and budgetary reform measures primarily aimed at protecting the state budget by tightening controls on debt collection and the trade of excisable products. The ordinance introduces and refines definitions for various economic operators to ensure a...
Morocco’s tax authority (DGI) is set to implement a nationwide electronic invoicing system starting in 2026, marking a significant advancement in the country’s tax administration modernisation efforts. The announcement was made by Younes El Idrissi El Kaitouni, Director General of Taxes, during a conference on 16 April 2026, where he confirmed the system has moved...
Taiwan’s Ministry of Finance’s Southern Area National Taxation Bureau has reminded enterprises that maintain accounts in foreign currencies that, when filing business income tax returns, all foreign currency amounts in financial statements must be converted into New Taiwan Dollars (NTD) in accordance with Article 19, Paragraph 2 of the “Regulations Governing the Administration of Accounting...
Italy’s Revenue Agency announced on 29 April 2026 that the Ministry of Economy and Finance had gazetted the Decree of 15 April 2026 on 27 April 2026, which updates the Decree of 31 March 2026. The Decree of 15 April 2026 revised the Synthetic Indices of Fiscal Reliability (ISA) for the 2025 tax period, addressing...
The Slovak Republic’s Financial Administration has published further updates to its frequently asked questions on mandatory electronic invoicing in April 2025, adding new clarifications on VAT treatment and technical implementation requirements ahead of the 1 January 2027 mandate. The implementation of the eFaktura mandate on 1 January 2027 introduces significant changes to both VAT compliance...
Russia’s Federal Tax Service (FTS) has reminded taxpayers that notifications of controlled transactions for 2025 must be submitted no later than 20 May 2026. Under paragraph 8 of Article 105.15 of the Tax Code of the Russian Federation, taxpayers are also required to submit documentation confirming that prices applied in controlled transactions during 2025 correspond...
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-21, introducing a significant issue ruling program that allows taxpayers to request rulings on specific major legal issues under the jurisdiction of the Associate Chief Counsel (Corporate). The program enables the IRS to rule on individual significant issues within a broader transaction without addressing all...
Qatar’s Cabinet has approved a draft law on E-invoicing and its executive regulations, according to a release from the Qatar News Agency on 6 May 2026. Prepared by the Ministry of Finance in coordination with the General Tax Authority (GTA), the draft law aims to establish the legal framework governing the issuance of e-invoices and...
Rwanda has published Ministerial Order No. 003/26/10/TC of 29 April 2026 in the Official Gazette, introducing updated transfer pricing rules under Law No. 027/2022 of 20 October 2022, the country’s new income tax law, accounting for small businesses, and tax loss management in Rwanda. The Order establishes rigorous guidelines for transfer pricing between related entities...
The Inland Revenue Authority of Singapore (IRAS) updated its guidance on 6 May 2026 on registration requirements for Multinational Enterprise Top-up Tax (MTT) and Domestic Top-up Tax (DTT) under the Multinational Enterprise (Minimum Tax) Act 2024 (MMT Act). Under the updated guidance, all in-scope multinational enterprise (MNE) groups must complete a one-time registration for MTT,...