Tuesday, February 24, 2026
Poland’s Supreme Administrative Court has ruled that companies using the deferred corporate income tax regime must comply with transfer pricing rules, including Local File documentation requirements. This ruling details a judgment from the Voivodeship Administrative Court in Poznań regarding the application of transfer pricing regulations to companies using “Estonian CIT” (lump-sum corporate income tax). The...
The Democratic Republic of the Congo’s Ministry of Budget has issued an official circular outlining the adoption of Finance Law n° 25/060 for the 2026 fiscal year. The document establishes comprehensive protocols for public financial management, with an emphasis on modernising tax collection, reinforcing oversight of government expenditures, and ensuring full legal compliance. Domestic tax...
Mozambique’s President signed into law and ordered the official publication of the Economic and Social Plan and State Budget (PESOE) for 2026, along with a package of tax reform legislation on 29 December 2025. Effective from 1 January 2026, the reforms significantly reshape the corporate tax, VAT, and customs landscape, tightening permanent establishment rules, expanding...
Greece’s Ministry of National Economy & Finance and the Independent Authority for Public Revenue (AADE), on 17 February 2026, have extended the deadlines for the implementation of mandatory electronic invoicing for large enterprises included in the first phase of the rollout. The commencement dates for mandatory electronic invoicing have been postponed to allow businesses additional...
The income and capital gains tax treaty between Peru and the UK entered into force on 21 January 2026. Signed on 20 March 2025, the agreement aims to eliminate double taxation, prevent tax evasion and avoidance, and improve dispute resolution between the two nations. The treaty is expected to strengthen tax cooperation, while providing clarity...
The Internal Revenue Service (IRS) released Notice 2026-7 on 18 February 2026, setting out further interim guidance on the application of the Corporate Alternative Minimum Tax. The notice is scheduled for publication in the Internal Revenue Bulletin 2026-11 on 9 March 2026. This notice provides additional interim guidance regarding the application of the corporate alternative...
Botswana’s Ministry of Finance presented its budget proposals for the 2026-2027 Financial Year (FY) to the National Assembly on 9 February 2026 . Amendments include changes to corporate taxation, VAT and personal taxation. The key tax-related proposals include: Corporate tax rate The government has proposed to increase the corporate income tax rate by 3%. This...
France and India signed an amending protocol on 17 February 2026 to update the income and capital tax treaty. Earlier, Under the proposed amending protocol, the withholding tax on dividends paid to French investors holding at least 10% of an Indian company’s capital would fall from 10% to 5%. Dividends not meeting this holding condition...
The Saudi Zakat, Tax and Customs Authority (ZATCA) has launched a public consultation on draft economic substance requirements for investors in Saudi Arabia’s special economic zones (SEZs), the authority announced on 18 February 2026. The draft regulations, covering Jazan, Ras Al-Khair, King Abdullah Economic City, and the Cloud Computing and Information Technology Zone, aim to...
Chile’s tax authority (SII) issued Letter Ruling No. 286 on 4 February 2026, clarifying the conditions under which taxpayers may claim a credit for foreign taxes paid. The ruling responds to a taxpayer request seeking both a foreign tax credit where net foreign-source income was zero or a loss, and a refund of excess tax...