Tuesday, April 07, 2026
Pakistan’s Federal Board of Revenue (FBR) has issued the draft notification S.R.O. 288(I)/2026 on 18 February 2026, which proposes a comprehensive framework for the online integration of businesses. This framework requires “integrated enterprises” to link their electronic invoicing hardware and software with the FBR’s computerised system for real-time reporting of sales. Key requirements for electronic invoicing...
Sri Lanka has rolled out a new standardised format for tax invoices as part of its ongoing Value Added Tax (VAT) modernisation efforts, with the changes now set to take effect from 1 April 2026. The new invoice requirements were officially announced through Gazette Notification No. 2463/05, published on 17 November 2025. While the reforms...
India’s Central Board of Direct Taxes (CBDT) has released Notification 54/2026 and Notification 55/2026, introducing amendments to the Income Tax Rules, 1962 and 2026, concerning the application of the general anti-avoidance rule (GAAR) on income derived from investment transfers. The primary objective is to exempt income derived from the transfer of investments made before 1...
Greece joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 18 March 2026, according to an OECD update published on 31 March 2026. The GIR MCAA is a global multilateral agreement developed by the OECD/G20 Inclusive Framework on BEPS. It provides the legal and technical framework for the automatic...
Finland has formally published its decision to suspend the 1996 income tax treaty with Russia, with the suspension set to take effect on 1 July 2026. The decision was published in Finland’s Official Gazette on 2 April 2026, following an announcement by the Ministry of Finance on 31 March 2026. The Finnish president approved the...
The Belarusian Council of the Republic (the upper house of parliament) has approved the income tax treaty between Belarus and Myanmar on 2 April 2026. The agreement was signed on 28 November 2025 during the official visit of Belarusian President Alexander Lukashenko to Myanmar. The agreement aims to establish a framework for eliminating double taxation...
Ghana has introduced the Value Added Tax Act, 2025 (Act 1151), replacing the previous VAT Act (Act 870) with a modernised framework that mandates the use of Fiscal Electronic Devices (FEDs) in VAT administration. Under the new legislation, businesses required to use FEDs must integrate these devices into their VAT filing process. VAT returns must...
The European Commission and the European Parliament reached an agreement on 25 March 2026 to establish the new EU Customs Authority (EUCA) in Lille, France. The Commission received nine applications from Member States looking to host EUCA. It then prepared a neutral and factual assessment of these applications and sent it to the co-legislators on...
The US Internal Revenue Service (IRS) in a release on 2 April 2026 noted that it continues to deliver excellent service to taxpayers during the 2026 filing season with the rise in tax refunds, the smooth pace at which taxpayers are getting their refunds and the high use of electronic filing. “With less than two...
The Cyprus Tax Department announced on 2 April 2026 that the Administrative Cooperation in Taxation Law (Amendment) of 2026 (DAC8) officially entered into force on 1 January 2026, introducing new reporting obligations for cryptocurrency service providers. Under Article 7F and Annex IV of Law N.38(I)/2026, Reporting Crypto-Asset Service Providers must follow specific data submission requirements...