Saturday, August 08, 2026
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...
Argentina’s tax authority (ARCA) announced on 29 July 2026 that it has scrapped value limits on postal and courier exports under General Resolution ARCA No. 5883, effective 30 July 2026, and has streamlined documentation requirements for incoming small shipments. The regulation cuts red tape on two fronts. Exporters can now send goods abroad via courier...
The Croatian government, at a meeting on 30 July 2026, approved a proposal to negotiate an income tax treaty with Tajikistan. Based on the OECD Model Tax Convention, the proposed agreement would aim to promote bilateral trade and investment by providing tax relief, reducing withholding tax rates on certain cross-border payments, allocating taxing rights between...
The Philippines has introduced a new package of tax incentives for the electric vehicle sector under the Electric Vehicle Incentive Strategy (EVIS) Programme, approved through Executive Order No. 121. Executive Order No. 121 establishes the EVIS Programme in the Philippines pursuant to Republic Act No. 11697 (the Electric Vehicle Industry Development Act or EVIDA). Approved...
Argentina’s Customs Collection and Control Agency (ARCA) announced, on 31 July 2026 ,that it has extended the suspension of the initiation of tax enforcement proceedings and the execution of precautionary measures until 31 December 2026, in accordance with Ministry of Economy Resolution No. 1158/2026. The extension applies to two categories of taxpayers: Healthcare sector: Providers...