Tuesday, March 17, 2026
The UK’s tax authority (HMRC) has updated its guidance on preparing for vaping products duty and the vaping duty stamps scheme on 10 February 2026. Purpose of the policy Vaping Products Duty was introduced in autumn 2024, with Vaping Duty Stamps following in spring 2025. The VPD is an excise duty on all substances intended...
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance stated that profit‑seeking enterprises headquartered domestically which invest in shares of foreign companies, issued under foreign law and approved by the securities authority for listing and trading, must include the dividends received in their taxable business income in accordance with Article 3, Paragraph 2 of...
Colombia’s Constitutional Court announced on 6 February 2026 that Legislative Decree No. 0044 of 21 January 2026, which introduced a temporary parafiscal levy of 2.5% on electricity generation companies serving domestic households and required in-kind contributions from hydroelectric generators, is suspended. The suspension follows the provisional halt of Decree No. 1390 of 22 December 2025,...
The Thai Revenue Department issued Royal Decree No. 802 on 10 February 2026, granting higher tax deductions for SMEs investing in digital tools and services. Under the decree, SMEs can claim an additional 100% deduction, bringing the total deduction to 200% for expenses related to: Purchasing or developing computer programs, hardware, or smart devices Using...
The Swedish Government has decided to appoint an inquiry to analyze how new EU rules on value-added tax (VAT) should be implemented in Swedish law. Among other things, the new EU rules require that reporting of trade between EU countries be carried out digitally. This announcement was made on 5 February 2026. For several years,...
Vietnam’s Ministry of Finance (MoF) has released a draft circular outlining a tax framework for crypto and tokenised asset transactions, following Government Resolution No. 05/2025/NQ-CP issued on 9 September 2025. The initiative, set for early 2026, applies existing securities tax rules until a dedicated digital asset regime is established. Under the draft, corporate income tax...
The UK’s tax authority (HMRC) has released a policy paper outlining its approach to the carbon border adjustment mechanism (CBAM) on 10 February 2026. The Carbon Border Adjustment Mechanism (CBAM) legislation and guidance is being developed in the following stages: 1) Primary legislation Primary legislation for CBAM was introduced in the Finance (No.2) Bill 2025...
The Singapore Official Gazette issued Order No. S 64 on 6 February 2026, amending the Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on the Exchange of Country-By-Country Reports) Order 2018 (G.N. No. S 72/2018). The amendment updates the schedule of international tax compliance agreements covered by the Multilateral Competent Authority Agreement (MCAA)...
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 12 February 2026 that it is providing guidance for determining whether electricity-producing qualified facilities, energy storage technologies, or eligible components are receiving material assistance from a prohibited foreign entity (PFE) and would be ineligible for certain energy tax credits. The One, Big,...
Brazil’s Chamber of Deputies is reviewing a draft legislation as of 2 February 2026 to implement a “Tax on Large Fortunes” (IGF), a levy already authorised by the Federal Constitution but never enacted. This proposal seeks to establish a Great Fortunes Tax (IGF) to address economic disparity. The tax would apply to individuals whose total...