Tuesday, March 17, 2026
The Central Taiwan National Taxation Bureau has clarified, on 13 February 2026, that breach of contract penalties and late payment interest receive different tax treatments. Penalties collected for contract breaches are subject to business tax and require uniform invoice issuance, while interest on delayed payments is tax-exempt and does not require invoices. Under Article 16...
The European Commission has implemented additional import duties on electric vehicles manufactured in China, with rates varying significantly by manufacturer. These charges come on top of the EU’s standard 10% import duty on cars. Chinese EV maker BYD faces a 17% additional tariff, while Geely Group vehicles are subject to 18.8% duties. SAIC Group received...
Canada’s Department of Finance, in a news release on 13 February 2026 ,announced that it launched consultations on the possibility of introducing a domestic content requirement under the Clean Technology and Clean Electricity investment tax credits (ITCs). These ITCs are designed to help Canada transition to a net-zero economy by supporting new investments in clean...
Brazil’s Federal Revenue Service (RFB) issued an alert on 13 February 2026, reminding taxpayers of the approaching deadline to enrol in the Special Regime for Updating and Regularising Assets under the Update modality (Rearp Update). The programme was established by Law No. 15,265/2025 and is regulated by RFB Normative Instruction No. 2,302/2025. The measure allows...
The US Treasury Department released interim guidelines on 12 February 2026 addressing how companies can qualify for clean energy tax credits while restricting reliance on Chinese-made equipment under President Donald Trump’s tax legislation. The guidance implements provisions from Trump’s One Big Beautiful Bill Act, passed in July 2025, which affects tax credits for both clean...
Luxembourg’s Chamber of Deputies approved the ratification of the amending protocol to the 2007 income and capital tax treaty with Georgia on 11 February 2026. Under the amendment, Article 27 of the treaty is replaced to align the exchange of information framework with standards developed by the OECD. The protocol will enter into force once...
The Northern Taiwan National Taxation Bureau of the Ministry of Finance has clarified on 13 February 2026 that sole proprietorships that change in the responsible person may trigger business tax obligations if inventory and fixed assets are transferred. In practice, the bureau said, it is common for businesses to neglect to issue uniform invoices and...
France’s tax authority (RFPI) announced on 11 February 2026 an update to the monetary erosion coefficients relevant to taxes on the sale of undeveloped land that has become buildable. Under Articles 1529 and 1605 nonies of the General Tax Code (CGI), the tax base is generally the capital gain, calculated as the difference between the...
Albania has published Law No. 79/2025 in the Official Gazette No. 11 of 15 January 2026, amending and supplementing Law No. 9920 of 2008 on tax procedures. A key change provides that where a taxpayer fails to submit a VAT return by the deadline, the tax system will automatically generate and file the return within...
The National Board of Revenue (NBR) has extended the deadline for submitting online VAT returns for the January 2026 tax period through its e-VAT system until 22 February, citing public interest. An official order said the move followed a prolonged spell of government holidays around Shab-e-Barat and the 13th national election, which curtailed business activity...