Tuesday, March 17, 2026
China’s State Tax Administration issued Announcement No. 4 of 2026 on 12 January 2026, which revised tax incentives for public rental housing to strengthen the rental market. The measures provide exemptions from various taxes, including urban land use tax, deed tax, stamp duty, land appreciation tax, property tax, and value-added tax, as well as income...
The EU and Mercosur have signed a Partnership Agreement and an Interim Trade Agreement. The deal is set to boost EU exports by nearly 39%, strengthen economic and geopolitical ties, advance sustainability commitments, and protect sensitive sectors through calibrated safeguards and controls. The European Union (EU) and Mercosur signed a Partnership Agreement (EMPA) and an...
Hong Kong’s Inland Revenue Department announced that officials from Hong Kong and Slovenia will meet for the first round of negotiations on an income tax treaty from 26 to 30 January 2026. If an agreement is reached, it will prevent double taxation and prevent tax evasion. However, the treaty would need to go through the...
Poland’s Ministry of Finance and Economy has announced reduced interest rates on overdue tax payments, effective immediately, according to the Tax Ordinance Act. Under the new regulation, three different interest rates will apply depending on the circumstances of the tax arrears: Standard interest rate: 11% per year (down from 12.50%) Reduced interest rate: 5.50% per...
The Dutch Supreme Court ruled on 16 January 2026 that the higher tax interest rate for corporate taxpayers, set by the Tax and Recovery Interest Decree, is invalid. The court found it unfairly singles out companies by imposing a heavier burden than on other taxpayers. The case centers on the Tax and Recovery Interest Decree,...
Belgium’s Federal Public Service Finance (SPF Finances) announced, on 19 January 2026, that it will ban the import of certain petroleum products made in third countries from Russian-origin crude oil, effective 21 January 2026. The measure is part of the EU’s 19th sanctions package, which amends Regulation (EU) No 833/2014 to tighten restrictions against Russia....
The Government of Vietnam has issued Decree No. 320/2025/ND-CP on 15 December 2025, regulating the implementation of the Law on Corporate Income Tax 2025 (Law No. 67/2025/QH15), which entered into force on 1 October 2025. The Decree relates to significant reforms affecting enterprises, foreign investors, and small and medium‑sized enterprises. CIT tax rates The Decree...
Irish Revenue has published eBrief No. 015/26 on 19 January 2026, announcing updates to Tax and Duty Manual (TDM) Part 38-01-04I relating to the Income tax return form 2024. The manual has been amended to include a clarification at paragraph 4.2, Commercial property, land and other sources of Irish rental income. Revenue confirmed that where...
The US Supreme Court did not issue any ruling regarding the highly anticipated case challenging the legality of President Donald Trump’s global tariff measures on 20 January 2026. The justices also did not indicate when they will next issue decisions, as the court does not provide advance notice about the timing or content of its...
The Nigeria Revenue Service (NRS) has clarified, on 15 January 2026, that Value Added Tax (VAT) has not been newly applied to banking services, fees, commissions or electronic money transfers. VAT has always applied to fees, commissions, and charges for services provided by banks and other financial institutions under Nigeria’s existing VAT rules.The Nigeria Tax...