Tuesday, March 17, 2026
The South African Revenue Service (SARS) has released updated interest rate tables on 22 January 2026. Interest rates charged in terms of the legislation administered by SARS are split into three main categories, namely: interest charged on outstanding taxes, duties and levies and those payable in respect of refunds of tax on successful appeals and...
The UAE Federal Tax Authority (FTA) published the Taxpayer User Manual – Registration of Deactivated Corporate Tax TRN (Version 2.0.0.0) on 23 January 2026, providing guidance for corporate taxpayers seeking to reactivate a previously de-registered Corporate Tax Registration Number (TRN). The manual provides step-by-step instructions for navigating the EmaraTax portal, from login to submission of...
Bangladesh’s government plans to gradually withdraw its long-standing excise duty, National Board of Revenue (NBR) Chairman Abdur Rahman Khan said on 25 January 2026. Speaking at a press conference at NBR headquarters ahead of International Customs Day, he noted that a complete removal at once is not feasible due to potential revenue shortfalls. “We have...
The UK Treasury has opened a public consultation on introducing an electric vehicle excise duty (eVED), as announced in the Autumn 2025 Budget. Autumn Budget 2025 announces the introduction of eVED for electric and plug-in hybrid electric cars, which will come into effect in April 2028. Drivers will estimate and pay their mileage with their...
Zimbabwe has introduced a range of tax measures in its National Budget for 2026, which were enacted through the Finance Act 2025 (Act No. 7 of 2025) on 29 December 2025. The Finance Act of 2025 introduces significant amendments to existing tax laws, including updated provisions for income tax, value-added tax (VAT), and capital gains...
Luxembourg’s Chamber of Deputies has approved a reform that clarifies and modernises the tax treatment of carried interest, building on rules initially introduced on 24 July 2025. The reform seeks to strengthen the nation’s financial appeal by providing legal certainty and expanding the eligibility criteria for fund managers to benefit from specialised tax regimes. Key...
Lithuania’s government approved the ratification of the income tax treaty with Pakistan on 21 January 2026. Signed on 23 September 2025, this tax treaty aims to prevent double taxation and strengthen measures against tax evasion and profit shifting, in line with OECD and G20 standards. The agreement covers profit and income taxes in Lithuania and...
Vietnam’s National Assembly has approved Law No. 149/2025/QH15 on 8 December 2025, amending and supplementing various provisions of the Law on Value Added Tax 2024 (VAT Law 2024). Government officials proposed these changes to alleviate financial pressures on the agricultural sector and resolve persistent bottlenecks in the tax refund process following severe natural disasters. Key...
Papua New Guinea’s new Income Tax Act 2025 came into effect on 1 January 2026. Issued on 20 October 2025, the new Income Tax Act modernises and simplifies the country’s tax framework, replacing the former regime under the Income Tax Act 1959. It outlines various tax obligations for individuals and corporations, including specific provisions...
Japan’s Cabinet has adopted a decision of 23 January 2026 to bring the country’s Pillar 2 global minimum tax framework in line with the OECD’s Side-by-Side Package released on 5 January 2026. The Cabinet decision outlines several key elements of the OECD Side-by-Side Package, including the Side-by-Side Safe Harbour, a one-year extension of the Transitional...