Saturday, September 19, 2026
The National Board of Revenue (NBR) has announced a tax incentive for eligible taxpayers who submit their income tax returns by 30 September under the provisions of the Income Tax Act, 2023, offering a rebate of up to 5% of the tax payable to encourage voluntary tax compliance. According to an NBR press release issued...
The Kenya Revenue Authority (KRA) has reminded taxpayers to take advantage of the 2026 Tax Amnesty Programme before it closes on 31 December 2026, offering a 100% waiver of penalties and interest for eligible tax liabilities. Announced on 30 July 2026, the programme was reintroduced through the Finance Act, 2026 and applies only to tax...
Malaysia has published the Income Tax (Exemption) (No. 3) Order 2024 (Amendment) Order 2026 in the Official Gazette on 29 July 2026, under which the exemption period in the Income Tax (Exemption) (No. 3) Order 2024 has been extended from 31 December 2026 to 31 December 2030. This change takes effect from 1 January 2027,...
The Cyprus Tax Department has extended the deadline for the submission of VAT returns, payment of VAT due and filing of the Recapitulative Statement (VIES) following a decision by the Commissioner of Taxation. The extension applies to: VAT Returns and payment of VAT due for the tax period ended 30 June 2026; and Recapitulative Statements...
The UAE Ministry of Finance has published its Strategic Plan for 2027–2029, outlining a roadmap to strengthen the country’s fiscal framework, improve government financial management, and reinforce its international economic position. The plan is built around three strategic goals supported by a range of projects, including initiatives on Federal Corporate Tax Law, Excise Tax, digital...
India’s Income Tax Department has released the Advance Pricing Agreement (APA) Programme Annual APA Report FY 2025-26, detailing record activity under the country’s APA programme, legislative reforms that took effect on 1 April 2026, and progress in the Mutual Agreement Procedure (MAP) programme. The report also outlines changes designed to improve tax certainty for businesses...
Turkey has enacted Law No. 7590, introducing several tax measures, including reforms to the special consumption tax (SCT) on motor vehicles, new tax incentives for the nuclear energy sector, and an extension of employment support measures. The law entered into force upon its publication in the Official Gazette on 31 July 2026. The legislation primarily...
Bulgaria’s National Assembly has enacted the State Budget Act for 2026, setting the country’s strategic financial direction. It was passed by the National Assembly on 24 July 2026, approved by the President on 29 July 2026, and officially published in the State Gazette on 31 July 2026. Corporate taxes and transfer pricing updates The 2026...
The Croatian government approved a draft bill on 30 July 2026 to ratify the Croatia–US income tax treaty, signed in 2022, and its amending Protocol, signed on 28 April 2026. According to the explanatory memorandum, the treaty is intended to eliminate double taxation, prevent tax evasion, provide reduced withholding tax rates on dividends, interest and...
Bahrain’s National Bureau for Revenue (NBR) has published Version 1.15 of its VAT General Guide, updated on 29 July 2026. This follows the National Bureau for Revenue (NBR) releasing an updated VAT General Guide on 28 January 2026. The revised guide includes two key updates: 10.3. Requirements for a VAT invoice and simplified VAT invoice...