Monday, April 27, 2026
Serbia has announced the threshold and rates for the 2025 supplementary annual tax on individuals, affecting both residents and non-residents. Individuals whose net income exceeds RSD 5,439,096, equal to three times the average annual salary, are required to file an annual income tax return. Residents report worldwide income, while non-residents report only income sourced in...
Hong Kong’s Stamp Duty (Amendment) Bill 2026 will be gazetted on 6 March to increase the stamp duty rate for residential property transactions where the amount or value of consideration exceeds HKD 100 million, from 4.25% to 6.5%, as announced in the 2026‑27 Budget. A Government spokesperson said the proposal upholds the “affordable users pay”...
Ethiopia’s Council of Ministers has introduced Regulation No. 586/2026, published in the Official Gazette on 23 February 2026, establishing a new system of tax and customs incentives to encourage investment in strategic sectors. The regulation targets agriculture, manufacturing, import substitution, technology transfer, entrepreneurship, environmental protection, mining and energy, service industries, job creation, and balanced regional...
The French tax authorities released guidance detailing VAT rules for international commercial transactions on 4 March 2026. The guidance focuses on distance sales of imported goods delivered to consumers in France or other European Union countries. It specifically addresses merchants who opt not to use the Import One Stop Shop (IOSS) simplified filing system. The...
The South African government has introduced the draft rates and monetary amounts and amendment of Revenue Laws Bill on 25 February 2026, outlining changes to tax legislation for the 2026/27 year. The Bill updates personal income tax brackets, rebates, exemptions, and thresholds across multiple tax categories. Personal income tax and rebates The Bill revises tax...
Honduras’ Tax Administration (SAR) on 23 February 2026 published updated guidance for legal entities to file corporate income tax (impuesto sobre la renta) returns, net assets tax (activo neto), and the solidarity contribution through the SAR Virtual Office (OVI). The guidance covers completing the Sworn Declaration for Legal Entities (Code 103), reporting income and expenses,...
Montenegro’s Parliament approved the law ratifying the income and capital tax treaty with Liechtenstein on 27 February 2026. Liechtenstein and Montenegro signed an income and capital tax treaty on the sidelines of the 80th session of the UN General Assembly in New York on 25 September 2025. The treaty follows the latest international standards and...
Russia’s Parliament has put forward a draft federal law aiming to restructure the country’s personal income tax (PIT) system. Under Draft Law No. 1160313‑8 on 25 February 2026, the reform would exempt low-income individuals from taxation while significantly raising rates for the wealthiest citizens. The measure also proposes including investment dividends in the general tax...
India and Canada aim to conclude a free trade agreement by the end of 2026, Prime Minister Mark Carney said on 2 March 2026, during his first visit to New Delhi. The deal is intended to restore economic ties after years of diplomatic tension. Both countries hope the agreement will boost bilateral trade from nearly...
The Russian Ministry of Finance (MoF) has submitted amendments to the Tax Code aimed at helping small and medium-sized enterprises (SMEs) adapt to the tax changes that took effect in 2026. The Tax Code is proposed to be supplemented with the following provisions: VAT exemption for catering services From April 1 to 31 December 2026,...