Sunday, June 07, 2026
The European Parliament endorsed its position on the Interim report on the proposal for the multiannual financial framework for 2028-2034, which was approved on 28 April 2026. The seven-year budget proposal underscores Parliament’s continued support for establishing new revenue streams, notably backing the European Commission’s “basket approach” to own resources, which encompasses taxation measures. In...
Ecuador’s Internal Revenue Service (SRI) has amended the rules governing the filing and payment of VAT through electronic systems under Resolution No. NAC-DGERCGC26-00000016, published in the Official Gazette on 15 April 2026 and entered into force on the same date. The resolution modifies the framework established by Resolution No. 1065 of 2002, which regulates the...
The Brazilian Federal Revenue Service has introduced mandatory issuance of the national standard Electronic Service Invoice for taxpayers under the Simples Nacional regime, according to Resolution CGSN No. 189 of 23 April 2026, published in the Official Gazette on 28 April 2026. The resolution amends CGSN Resolution No. 140/2018, which regulates the Simples Nacional regime,...
Turkish President Recep Tayyip Erdoğan announced, on 24 April 2026 during the “Powerhouse for Investments in the Turkey Century” programme, a comprehensive economic reform package in Istanbul aimed at strengthening the investment environment, supporting exports, and attracting international capital. The announcement was made. According to the reform package, tax incentives for transit trade and international...
Romania’s National Agency for Fiscal Administration (ANAF) initiated a public consultation, on 21 April 2026, on a draft order establishing the procedure for conducting the mutual agreement procedure (MAP), following amendments introduced to the Fiscal Procedure Code by Government Emergency Ordinance No. 11/2025. The draft sets out the framework for handling MAP cases in Romania...
Saudi Zakat, Tax and Customs Authority (ZATCA) urges all establishments to submit their Zakat returns and Corporate Income Tax (CIT) returns for the financial year ending 31 December 2025. The deadline for submission is tomorrow, 30 April 2026. This deadline is based on Article 102 of the Implementing Regulations of Zakat Collection, which requires the...
Poland’s Ministry of Finance announced, on 27 April 2026, that it has extended its fuel package tax cuts through 15 May 2025, offering continued relief to consumers as Middle East conflicts keep fuel markets volatile. This follows the Finance and Economy Minister’s decision to maintain the reduced VAT rate of 8% on petrol, diesel, and...
Canada’s Ministry of Finance announced the Spring Economic Update 2026 yesterday, 28 April 2026, building on the momentum of Budget 2025 with strategic investments that support productivity, growth, and competitiveness and position Canada for long-term prosperity. The Update delivers generational infrastructure and nation-building projects, diversifies Canada’s trade, supports workers and young people, builds more homes,...
The US Internal Revenue Service (IRS) announced on 27 April 2026 a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (ERC) claim to avoid refund litigation. When an ERC...
The US President Donald Trump has revealed that he will address several pressing bilateral issues with King Charles during the British monarch’s upcoming state visit to Washington, including the UK’s digital services tax. Speaking to Reuters on Friday, 24 April 2026, Trump confirmed that Britain’s digital tax policy will feature prominently in his discussions with...