Tuesday, March 17, 2026
Ireland’s Revenue confirmed on 10 February 2026 that the “large corporates” will be considered within scope for Phase One of VAT Modernisation programme. This announcement follows Revenue’s publication of VAT Modernisation: Implementation of e-invoicing in Ireland in October 2025, which details implementation plans for domestic e-invoicing in preparation for the EU’s VAT in the Digital...
Vietnam’s government issued a statement mentioning that representatives of Uzbekistan and Vietnam convened an online meeting on 9 February 2026 to assess progress in bilateral cooperation, including discussions on finalising and signing an amending protocol to the 1996 income tax treaty between the two countries. Vietnam and Uzbekistan expressed satisfaction with the implementation of their...
The OECD hosted a technical webinar on the revised Manual on Effective Mutual Agreement Procedures (MEMAP) on 10 February 2026, in support of the broader focus of the BEPS Inclusive Framework and the Forum on Tax Administration (FTA) on improving international tax dispute resolution. This follows the OECD’s publication of the 2026 edition of the...
Belgium’s Federal Public Service (SPF) Finance announced on 9 February 2026 that new procedures apply to advance payments of the Règle d’Inclusion du Revenu (RIR or Income Inclusion Rule) supplementary tax under the Pillar 2 minimum tax rules for multinational enterprises and large national groups, starting in 2026. Entities must now make advance payments individually...
Bangladesh and Japan signed an Economic Partnership Agreement (EPA) on 6 February 2026 in Tokyo, establishing Bangladesh’s first comprehensive bilateral trade deal with a major developed economy. The agreement is expected to cost Bangladesh less than BDT 20 crore annually in forgone import duties on Japanese goods, while strengthening access to Japan’s market. Under the...
Irish Revenue has released eBrief No. 032/26 on 4 February 2026, announcing updates to its Tax and Duty Manuals (TDMs) relating to Relevant Contracts Tax (RCT). RCT is a withholding tax that applies to specific payments made by principal contractors to subcontractors operating in the construction, forestry and meat-processing sectors. The following two Tax and...
The South African Revenue Service (SARS) published Binding Private Ruling (BPR) 424 on 6 February 2026, setting out its view on the deductibility of interest incurred on loan funding used to redeem preference shares and to settle current or accumulated preference share dividends under the Income Tax Act 58 of 1962. The ruling concerns the...
Mexico’s Tax Administration Service (SAT) has issued Official Letter No. 700-04-00-00-00-2026-003, publishing an updated list of non-resident digital service providers registered in the Federal Taxpayers Registry (RFC) for VAT purposes. The letter was published in the Official Gazette on 30 January 2026 and entered into force the same day. The updated list reflects compliance for...
The US and Bangladesh have agreed to an Agreement on Reciprocal Trade (Agreement) to enhance their bilateral economic relationship. The deal builds on the longstanding US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) of 2013. This announcement was made on 9 February 2026. Under the Agreement, Bangladesh will provide significant preferential market access for US...
Portugal’s Tax and Customs Authority has issued Circular Letter No. 20288/2026 on 2 February 2026, outlining municipal surcharge (derrama municipal) rates applicable to corporate taxable profits for the 2025 fiscal year. The circular specifies standard rates, reduced rates, and exemptions for municipalities across mainland Portugal and the Autonomous Regions of the Azores and Madeira. Standard...