Sunday, June 07, 2026
The Austrian Federal Government has announced on 16 April 2026 new measures aimed at reducing administrative burden for companies, particularly benefiting small and medium-sized enterprises (SMEs) and start-ups through updated accounting requirements. Barbara Eibinger-Miedl said the reforms raise accounting thresholds to support SMEs and start-ups, reducing bureaucracy, improving predictability, and enhancing access to financing and...
Sri Lanka’s Inland Revenue Department has announced on 8 April 2026 major changes to the tax treatment of fabric imports, effective 1 April 2026, which will impact both importers and local suppliers in the textile sector. VAT rate increases to 18% The VAT zero-rate previously applicable to imported fabric has been rescinded, with such imports...
The US Internal Revenue Service (IRS) issued a Whistleblower Alert on 17 April 2026, highlighting an area of concern about misuse, diversion or fraudulent use of federal funds by tax-exempt organisations, individuals and businesses, and urged the public to provide information. “Whistleblower Alerts are a new way for the IRS to spotlight high-risk areas and...
The French tax authority issued updated guidance on Mutual Agreement Procedures (MAP) and Advance Pricing Agreements (APA) on 15 April 2026, following a public consultation launched on 15 January 2025. The revisions provide clarification on MAP access rules and APA roll-back conditions in transfer pricing cases. Section 110 of BOI-INT-DG-20-30-10 The concept of an “administrative...
The Moroccan government has introduced comprehensive value-added tax regulations targeting non-resident providers of digital services, with the rules set to take effect on 11 June 2026. The Government Council approved draft decree No. 2.25.862 on 20 November 2025, followed by the issuance of Decree No. 2.25.882 on 11 December 2025. These measures form part of...
The Legislative and Legal Affairs Committee of Bahrain’s Council of Representatives approved the draft law for the ratification of the income tax treaty with Saudi Arabia on 13 April 2026. Bahrain and Saudi Arabia signed a tax treaty on 3 December 2025. The agreement aims to address double taxation and promote investment. The agreement will...
Malta has ratified the amending protocol to San Marino Income Tax Treaty 2005 as amended by the 2009 protocol through Legal Notice 98 of 2026 on 17 April 2026. The protocol was signed on 1 April 2024. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. Earlier, the Sammarinese Official...
Malta has issued Legal Notice No. 97 of 2026 in the Official Gazette, setting out the double taxation relief on taxes on Income with Romania (Amendment) Order 2026 on 17 April 2026. The protocol, signed on 4 July 2024, is the first amendment to the agreement. Earlier, Romania’s President Klaus Iohannis has signed into law...
The Lithuanian Parliament (Seimas) approved the draft law ratifying the income tax treaty with Pakistan on 16 April 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...
Italy’s Revenue Agency announced on 17 April 2026 that the Ministry of Economy and Finance had published the Decree of 31 March 2026 in the Official Gazette on 16 April 2026. The decree approves a comprehensive update to 85 synthetic tax reliability indicators (ISAs), set to impact approximately 1.85 million Italian taxpayers across various business...