Turkey’s Law No. 7566, adopted on 4 December 2025 and published in the Official Gazette on 19 December 2025, introduces new rules for 2025–2026, covering residential rental income, capital gains, social security contributions, and UEFA-related tax reliefs. Implementation is under presidential authority. Turkey has published Law No. 7566, an omnibus law amending multiple tax and...
The Portuguese government has set new monthly withholding tax rates for employment and pension income in mainland Portugal for 2026 through Order No. 233-A/2026, issued on 6 January 2026. The changes reflect updates introduced in the 2026 State Budget Law. The annual income exempt from personal income tax (PIT) rises to EUR 12,880, up from...
Burundi’s National Assembly (lower house) approved the income tax treaty with Morocco on 9 January 2026. The agreement, originally signed on 12 May 2025, aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion, encouraging foreign investment and trade between the two nations. It will enter into force upon exchange of...
Canadian and Qatari officials met on 8 January 2026 to discuss ways to strengthen bilateral cooperation, The Qatar News Agency (QNA) reported. HE Dr Ahmed bin Mohammed Al Sayed, Minister of State for Foreign Trade Affairs, welcomed HE Maninder Sidhu, Canada’s Minister of International Trade, along with his delegation, during Sidhu’s visit to Qatar. The...
Argentina’s tax and customs authority (ARCA) published General Resolution 5,807 in the Official Gazette on 30 December 2025, announcing an extension to the suspension of advance VAT collection on essential items, including food, medicines, and cleaning products in the basic consumption basket. This measure continues the exceptions previously established for: Income tax on imports of...
Latvia has published Amendments to the Corporate Income Tax Law on 18 December 2025, which were approved on 3 December 2025, introducing new provisions affecting port authorities, taxpayers composed only of natural persons, and interest payments on certain financing. One key change is the introduction of additional exemptions from the thin capitalisation (interest restriction) rules....
Officials from the Czech Republic and Mauritius are meeting for the second round of talks on a potential income tax treaty from 13 to 16 January 2026. If an agreement is reached it will prevent double taxation and fiscal evasion between the two nations. Before it can take effect, the treaty will need to be...
The government has presented the bill No. 56 1249/001 of 17 December 2025 to parliament on 9 January 2026 to implement the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226). Set to take effect retroactively from 1 January 2026, the bill introduces new rules for reporting and sharing tax-related information on electronic...
The OECD announced, on 12 January 2026, that Guatemala has joined the Inclusive Framework on BEPS, increasing its membership to 148 jurisdictions. By joining, Guatemala becomes the 148th member to join the OECD/G20 Inclusive Framework on BEPS, a global initiative providing a platform for international tax collaboration. Through its membership, Guatemala will engage on an...
Alongside military considerations, Trump has moved to sharply increase economic pressure on Iran. He announced on Monday, 12 January 2026, the immediate imposition of a 25% tariff on any country doing business with Iran, a step that could significantly affect China and other major Iranian trading partners. The move has drawn criticism from Beijing and...