Tuesday, March 17, 2026
The OECD has released the peer review results from the Forum on Harmful Tax Practices, examining preferential tax regimes and low-tax jurisdictions under BEPS Action 5, on 12 February 2026. The reviews, approved by the OECD/G20 Inclusive Framework on 5 February 2026, show continued progress in combating harmful tax practices and improving transparency. The latest...
The Internal Revenue Service announced on 9 February 2026 a new expansion of Tax Pro Account, introducing business-level digital capabilities for tax professionals who work in tax-preparation companies, accounting firms, or other organisations. The latest enhancements give tax-professional businesses greater visibility and control over their Centralised Authorisation File relationship, helping organisations that serve larger numbers...
New York City Mayor Zohran Mamdani proposed raising taxes on high earners and corporations on Wednesday, 12 February 2026, during testimony at the State Senate’s budget hearing. The Democratic mayor reported that the city has narrowed its budget shortfall from USD 12 billion to USD 7 billion through aggressive cost-saving measures, updated revenue projections, and...
According to an OECD update, Montenegro, Oman, Panama, Peru, Rwanda, and Uruguay signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) and the Addendum to the 2024 Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA). The signing ceremony took place during...
Romania’s Ministry of Finance has released draft legislation on 5 February 2026 proposing a 3% tax incentive for 2025, applicable to corporate income tax and microenterprise income taxes, which can also be used to offset other tax liabilities. The 3% bonus is applicable to a wide range of business entities for the 2025 fiscal year...
The Australian Taxation Office has updated its global and domestic minimum tax guidance on 9 February 2026 to reflect Australia’s signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information Return (GIR MCAA), which establishes a framework for the automatic exchange of GIR information between tax authorities as part of Pillar Two...
Malaysia’s Inland Revenue Board has updated its Pillar 2 Global Minimum Tax guidance with new Guidelines on Domestic Top-up Tax implementation in Malaysia and an updated FAQ, both on 3 February 2026. The GMT requirements apply for fiscal years starting on or after 1 January 2025, with first returns and payments due 30 June 2027,...
Qatar’s General Tax Authority (GTA) announced that it has implemented global and domestic minimum tax rules aligned with international standards through Cabinet Resolution No. (2) of 2026, published in the Official Gazette on 12 February 2026. This decision comes within the context of implementing Pillar 2 of the global initiative led by the Organisation for...
Singapore’s Prime Minister and Minister for Finance, Lawrence Wong, has delivered the FY2026 Budget Statement in Parliament on 12 February 2026, setting out a package of measures aimed at supporting businesses amid cost pressures while advancing fiscal sustainability and climate goals. The Budget combines short-term corporate tax relief with longer-term structural reforms, including the implementation...
Romania’s Ministry of Finance has issued a draft order on 9 February 2026 detailing how constituent entities subject to Law 431/2023 should account for deferred tax under the Minimum Taxation Directive (2022/2523). Entities applying Romanian accounting regulations (OMFP 1802/2014) This draft ministerial order establishes specific accounting guidelines for Romanian entities subject to the global minimum...