Sunday, May 17, 2026
The US Internal Revenue Service (IRS) released Announcement 2026-08 on 30 March 2026, revealing a decline in advance pricing agreements executed during 2025. The annual report from the Advance Pricing and Mutual Agreement (APMA) Program shows the agency completed 110 APAs last year, down from 142 in 2024 and 156 in 2023. This marks the...
Irish Revenue has released eBrief No. 056/26, introducing updates to the Tax and Duty Manual regarding Centralised Clearance at Import (CCI) on 23 March 2026. A new Tax and Duty Manual on Centralised Clearance at Import (CCI) has been created. CCI is a simplification under the European Union (EU) Customs legislation, the Union Customs Code...
Colombia has issued Decree No. 0240 of 12 March 2026, implementing new and revised tax measures to finance the state of emergency declared under Decree No. 0150 of 11 February 2026 in response to catastrophic floods and extreme weather earlier this year. The decree includes a 16% national consumption tax on online gambling, triggered when...
Russia will ban gasoline exports from 1 April to 31 July, 2026, Deputy Prime Minister Alexander Novak announced on Friday, 27 March 2026 . The measure is intended to manage domestic fuel supply as global oil and oil products markets face significant price fluctuations due to the ongoing conflict in the Middle East. Novak said...
Vietnam’s Ministry of Finance (MOF) issued Circular 20/2026/TT-BTC on 12 March 2026 , which provides detailed guidance on several articles of the Law on Corporate Income Tax (CIT) and Decree No. 320/2025/ND-CP. Applicable from the 2025 tax year onwards, the circular clarifies documentation requirements for deductible expenses and tax incentives, revenue recognition rules across specific...
The Swedish Ministry of Finance has proposed a temporary reduction in energy taxes on petrol and diesel to the minimum levels allowed under the EU Energy Taxation Directive (2003/96) for the period 1 May to 30 September 2026 as a result of the ongoing hostilities in the Middle East. Key reductions include: Gasoline (Environmental Class...
Angola’s tax administration (AGT) has announced an exceptional extension for submitting January’s periodic VAT declarations on 14 March 2026. This follows after the tax authorities acknowledged the challenges taxpayers face with the newly implemented electronic invoice system. The deadline, originally set for 15 March, has been extended to the last working day of March 2026....
Greece’s Ministry of Finance (MoF) has confirmed that the undertaxed profits rule (UTPR) and the transitional country-by-country reporting (CbCR) safe harbours under Pillar Two, as established in the Minimum Taxation Directive (2022/2523), officially took effect from 5 April 2024, the date of publication of the relevant Greek legislation. The confirmation comes through an official document...
The Hong Kong Inland Revenue Department (IRD) has issued a notice regarding the second instalments of tax for the 2024-25 year of assessment, which are generally payable in April. IRD urges taxpayers to note the due dates as stated on their demand notes and make prompt payments. Tax payments can be made through PPS, bank...
Canada’s Department of Finance has enacted key Budget 2025 measures following the Royal Assent of Bill C-15, the Budget Implementation Act, 2025, No. 1 on 26 March 2026, aimed at strengthening the economy, supporting investment, and enhancing financial sector oversight. Under Bill C-15, the Budget Implementation Act, 2025, No. 1, received Royal Assent. The government...