Wednesday, March 18, 2026
Poland’s Minister of Finance and Economy has published updated interest rates for late tax payments on 10 March 2026, effective under Article 56d of the Tax Ordinance Act of 29 August 1997. The announcement establishes three distinct annual interest rate levels for tax arrears. The standard interest rate for overdue taxes is set at 10.50%...
Malta’s Tax and Customs Administration (MTCA) has issued Version 1.1 of its Guidance Note on the European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations, following amendments to the Global Minimum Tax Implementing Regulations. The updated guidance, released on 10 March 2026, incorporates changes introduced by L.N. 48...
Morocco’s tax administration (DGI) issued Circular No. 737 on 27 February 2026, clarifying the tax measures of Finance Law 50-25 for 2026, part of Morocco’s 2023–2026 structural tax reform. Finance Law No. 50-25 was promulgated by Dahir No. 1-25-67 on 10 December 2025 and published in the Official Bulletin, largely unchanged from the draft finance...
The Australian Taxation Office (ATO) released the updated guidance on Lodging, paying and other obligations for Pillar Two on 12 March 2026. The updated guidance on the Global and domestic minimum tax is designed to help multinational enterprise groups understand and prepare for their Pillar Two obligations. The updates provide additional information to ATO’s existing...
Turkey’s Tax Administration has issued revised Special Consumption Tax (SCT) rates for certain petroleum products, following the reinstatement of the fuel price stabilisation mechanism. The decision, based on Presidential Decision No. 10995 of 4 March 2026, comes amid rising geopolitical tensions in the Gulf region, which have driven up global oil prices and expanded refinery...
The Philippine Senate is considering Senate Bill No. 1935, which was first read on 9 March 2026, proposing an automatic suspension of fuel taxes when global oil prices surge beyond a specific threshold. The bill establishes a clear trigger for tax relief: when Dubai crude oil prices reach or exceed USD 80 per barrel based...
The Swiss Council of States approved ratification of the protocol to the 1978 income and capital tax treaty with Belgium on 9 March 2026. Signed on 16 July 2025, the protocol introduces minimum standards for the treaty, including an anti-abuse clause to prevent tax avoidance arrangements or transactions, and updates provisions to align with the...
The US Department of the Treasury issued a Federal Register notice on 11 March 2026 identifying countries that may mandate participation in international boycotts. The designated nations are Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen. Businesses and individuals with connections to these listed countries must submit Form 5713 (International Boycott Report), subject...
The Trump administration announced two new trade investigations on 11 March 2026, targeting unfair trade practices and forced labour as it seeks to rebuild tariff pressure following the US Supreme Court’s dismantling of Trump’s tariff program in February 2026. US Trade Representative Jamieson Greer initiated a Section 301 investigation into excess industrial capacity across 16...
The Spanish Council of Ministers has approved the signing of a new income tax treaty with Montenegro on 10 March 2026. The treaty seeks to eliminate double taxation and prevent tax evasion. The updated treaty aligns with current international standards, incorporating OECD/G20 Base Erosion and Profit Shifting (BEPS) recommendations. Earlier, Montenegro’s government approved the signing...