Tuesday, February 03, 2026
Romania’s Ministry of Finance has launched a public consultation on a draft Government Ordinance amending and supplementing the Fiscal Procedure Code (Law 207/2015) to implement Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). The draft government ordinance bill was published on 23 January 2026. The directive updates rules for cooperation between EU tax authorities,...
Korea (Rep.) moved quickly on 27 January 2026 to reassure the US that it still plans to carry out a major trade agreement, after President Donald Trump threatened to raise tariffs on Korean imports. Trump said the tariff increase was a response to Korea (Rep.)’s delay in passing the deal through its parliament, which he...
The US Internal Revenue Service (IRS) announced, on 26 January 2026, that it has opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025. The IRS expects about 164 million individual tax returns for tax year 2025 to be filed ahead of the Wednesday, 15...
Jordan issued a royal decree ratifying the protocol amending the 2001 income tax treaty with Kuwait on 22 January 2026. Originally signed on 13 November 2025, the protocol updates taxes covered, adds rules for technical services with 20% withholding tax, replaces provisions on exchange of information to align with OECD standards, and introduces entitlement to benefits...
Malta and Morocco signed a protocol on 2 January 2026, amending their 2018 income tax treaty. Deputy Prime Minister Borg and Minister Chiappori signed the update to the Bilateral Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion. The protocol aligns the treaty with current international tax standards, strengthens cooperation, and...
Vietnam has enacted Law No. 108/2025/QH15 on 10 December 2025, establishing a comprehensive legal framework for managing taxes and other state budget revenues. The law defines taxpayer rights and obligations, sets out the powers of tax and customs authorities, and standardises procedures for tax registration, declarations, payments, and enforcement. The legislation applies to domestic organisations,...
Mexico signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on 21 November 2025. The addendum updates the Common Reporting Standard (CRS) with additional reporting requirements adopted in 2023, including expanded information on crypto-assets, and strengthens due diligence procedures. The measure is intended to ensure the...
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...