Tuesday, March 17, 2026
Turkey’s Ministry of Treasury and Finance has issued a new Tax Procedure Law Circular (VUK-196/2026-2) on 9 February 2026, outlining how inflation adjustment differences in the Investments-in-Progress account will be treated for tax purposes. The guidance, published by the Revenue Administration, specifies that such differences must be transferred to a special fund account, excluded from...
The Honduras Revenue Administration (SAR) has issued SAR Notice 02-2026, setting out the Progressive Income Tax (ISR) brackets and rates for individuals for the 2026 fiscal year. Under the notice, annual net taxable income up to HNL 228,324.32 (monthly income up to L22,360.36) is exempt, while higher income is taxed at rates of 15%, 20%,...
Malta’s government issued Legal Notice 38 of 2026 on 6 February 2026, amending the Excise Duty Act, Chapter 382 of the laws of Malta, to introduce excise duty on nicotine pouches from 1 April 2026. The changes are implemented through the Excise Duty Act (Amendment of the Fifth and Sixth Schedules) (Amendment) Regulations, 2026, which...
The Albanian government has approved amendments to the Income Tax Law and VAT Law under Law No. 79/2025, published on 15 January 2026. The standard period for amending annual individual income tax returns has been reduced from 36 to 24 months. Taxpayers may correct their return within six months of submission, with a maximum of...
Venezuela issued the Reform of the Organic Hydrocarbons Law in Extraordinary Official Gazette No. 6,978, dated 31 January 2026, on 29 January 2026. Key tax reforms are summarised as follows: Integrated hydrocarbons levy A new levy on hydrocarbons will be applied to monthly gross revenues, with rates reaching up to 15% and adjustable for each individual...
Argentina’s tax authority (ARCA) announced on 9 February 2026 that it implemented its Tax Innocence Regime through Law No. 27799, marking a fundamental shift away from decades of restrictive taxation that forced millions into the informal economy. ARCA has published the complete regulatory framework, giving citizens unprecedented freedom to manage their finances without constant scrutiny....
Spain issued Royal Decree-Law 2/2026 on 3 February 2026, reintroducing several measures that had been extended under the now-repealed Royal Decree-Law 16/2025 of 23 December 2025. Housing and eviction protections Eviction Suspension: Eviction procedures for vulnerable households without alternative housing are extended until 31 December 2026. Small Landlord Exception: Landlords owning two or fewer homes...
Romania’s Ministry of Finance has published a comprehensive fiscal and investment package on 9 February 2026, designed to accelerate economic recovery and modernise the country’s tax framework. Earlier, the Ministry of Finance published a draft bill proposing amendments to the Fiscal Code, as approved by Law No. 227/2015, on 5 February 2026. The initiative focuses...
Germany published the Act on the promotion of private investment and the financial sector in the Official Gazette (BGBl. I 33/2026) on 9 February 2026 . The Act aims to strengthen Germany’s financial sector and encourage private investment through a combination of tax incentives, regulatory simplification, and easier access to capital markets. Income tax: Increase...
The European Parliament’s Committee on Economic and Monetary Affairs has released a draft report on 2 February 2026 proposing a unified approach to taxing the EU’s financial sector. The document places particular emphasis on revising the VAT exemption for financial services and tackling the fragmentation caused by diverse national financial-sector taxes. The European Parliament is...