Sunday, June 07, 2026
The Austrian government has approved amendments affecting both fuel margin limits and mineral oil tax reductions, extending relief measures through the end of May 2026. Under the revised Verordnung zur Margenbegrenzung bei Treibstoffen, issued on the basis of the Price Act, margin limitation amounts in § 3 Abs. 1 will be reduced from 5 Eurocents...
The OECD has published Revenue Statistics in Latin America and the Caribbean 2026, presenting comparable tax revenue data across 29 countries in the region on 5 May 2026. Executive summary Tax revenues increased as a share of GDP between 2023 and 2024 in just over half of the countries in Latin America and the Caribbean...
Zambia has implemented temporary fiscal measures on fuel following a Cabinet decision on 31 March 2026, chaired by President Hakainde Hichilema, in response to what it described as an emergency in the national fuel supply situation. The Cabinet approved the zero-rating of Value Added Tax (VAT) on supplies of petrol and diesel and the suspension...
The US Internal Revenue Service (IRS) announced on 5 May 2026 a series of resources and events to support small businesses during National Small Business Week, which runs through 9 May. For over 60 years, the U.S. Small Business Administration has recognised National Small Business Week to honour the critical role small businesses play in...
The Czech Republic government has approved a comprehensive overhaul of the country’s sales recording system alongside significant tax relief measures for businesses and citizens. First Deputy Prime Minister and Minister of Industry and Trade presented the government’s key decisions at a press conference on 4 May 2026. The new Sales Registration Act, which has been...
Qatar’s General Tax Authority (GTA) announced on 3 May 2026 that Qatar and Austria signed an amendment to certain provisions of the agreement on the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital within the framework of enhancing financial transparency and promoting joint investment. The...
The Canada Revenue Agency (CRA) announced on 17 April 2026 that eligible Canadians will receive a one-time GST/HST credit top-up on 5 June 2026. The payment is part of the transition to the Canada Groceries and Essentials Benefit, which will replace the GST/HST credit in July 2026. This top-up will be equal to 50% of...
Indonesia has introduced a temporary tax break for domestic air travellers as rising global aviation fuel costs threaten to make flights unaffordable for many citizens. The Finance Minister Regulation Number 24 of 2026 (PMK-24), issued on 24 April 2026, allows the government to absorb 100% of the Value Added Tax on qualifying domestic flights. The...
The US is proceeding with plans to increase tariffs on European Union automobile imports to 25%, US Trade Representative Jamieson Greer confirmed during an interview with CNBC Monday, 4 May 2026. Greer said he had discussions with EU and German trade officials over the weekend to explain the administration’s position on the measure, noting that...
The Cyprus Tax Department has announced a temporary shutdown of its Tax For All (TFA) online platform for scheduled maintenance on 5 May 2026. The system will be inaccessible from 1:00 PM on Thursday, 7 May 2026, until 7:30 AM on Tuesday, 12 May 2026. Due to this disruption, the Tax Commissioner has granted an...