Tuesday, March 17, 2026
The Dutch government’s incoming coalition released its agreement for the 2026–2030 term on 30 January 2026, along with an appendix outlining planned budgetary and tax changes. The proposals outline several notable shifts affecting businesses, property investors, and consumers over the coming years. New business levy linked to defence funding The coalition aims to maintain a...
The Italian Revenue Agency approved the Annual VAT Return Form to be used for filings in 2026, covering the 2025 tax year. Alongside the standard form, a simplified “Basic Annual VAT Return Form” has also been introduced for taxpayers who meet specific eligibility criteria. All annual VAT returns, whether submitted using the standard or the...
France finally passed its 2026 budget on 2 February 2026 after two no-confidence motions failed, allowing Prime Minister Sebastien Lecornu’s minority government to survive and bringing a measure of political stability. The prolonged negotiations followed President Emmanuel Macron’s 2024 snap election, which resulted in a hung parliament amid mounting pressure to address strained public finances....
The Italian Revenue Agency announced on 2 February 2026 that it has approved new communication forms and guidelines for accessing tax incentives for investments in the country’s disadvantaged areas, following changes introduced in the 2026 Budget Law. The measures extend and strengthen credits for investments in the Special Economic Zone (ZES Unica) and Simplified Logistics...
China has lowered the proposed tariffs on certain European Union dairy imports as it wraps up an anti-subsidy investigation, which many view as a response to EU duties on Chinese electric vehicles. Under the final rates shared with EU authorities, China plans to impose additional tariffs of up to 11.7%, a notable decrease from the...
The Australian Taxation Office (ATO) has released the reportable tax position (RTP) schedule and accompanying instructions for the 2026 income year on 29 January 2026. Companies are generally required to lodge an RTP schedule if their total business income for the year is AUD 250 million or more, or AUD 25 million or more where...
US President Donald Trump announced in a Truth Social post on 2 February 2026 that a major trade deal had been reached with India. Under the agreement, the US will sharply reduce tariffs on Indian goods. The overall duty on Indian imports, which had climbed to 50% because of punitive measures linked to India’s oil...
The US and El Salvador signed an agreement to promote US investment in El Salvador’s critical minerals sector on 29 January 2026. Signed in Washington, the deal allows US companies to participate across the full critical minerals supply chain and requires El Salvador to provide infrastructure support, including energy and telecommunications, on terms comparable to...
The Canada Revenue Agency (CRA) will require mutual fund dealers to collect goods and services tax/harmonised sales tax (GST/HST) on trailing commissions, as they are now considered taxable supplies, starting 1 July 2026. The CRA’s position on mutual fund trailing commissions could affect the timing of major capital property purchases, and requires Dealers and fund...
China’s Ministry of Finance (MoF) and the State Taxation Administration (STA) have issued Announcement No. 12 of 2026 on 30 January 2026, providing detailed clarification on how taxable sales amounts should be calculated for value-added tax (VAT) purposes. The announcement supports the implementation of the Value-Added Tax Law of China while maintaining existing tax systems...