Tuesday, April 07, 2026
New Zealand Inland Revenue has released a draft Standard Practice Statement (SPS) on 27 March 2026, updating and replacing SPS 18/04. The draft sets out the Commissioner’s approach to relief from tax debt under the TAA 1994 for individuals, companies, partnerships, and trusts/trustees. Options for relief include writing off amounts, entering into instalment arrangements, remitting...
Hong Kong’s Inland Revenue Department announced on 2 April 2026 that starting from 8 April 2026, the new annual rate of interest payable on Tax Reserve Certificates will be 0.1500% against the current rate of 0.2417%, i.e. the new rate will be HKD 0.0125 per month per HKD100. Tax Reserve Certificates bear simple interest, and...
The Maldives Inland Revenue Authority announced that the income tax treaty between Malaysia and the Maldives has entered into force on 22 January 2026. Signed on 24 May 2023, it is the first of its kind between the two countries and is aimed at eliminating double taxation and preventing tax evasion. The treaty addresses Malaysian...
Croatia has gazetted the Law on the Amendment of the Value Added Tax Act on 27 March 2026. This law extends the application of the reduced VAT rate of 5% for natural gas, district heating, firewood, pellets, briquettes, and wood chips for an additional year until 31 March 2027. The application of the reduced rate...
The Russian Ministry of Finance (MoF) announced on 26 March 2026, citing Note No. VN/1187/2026-UM-10, issued by the Embassy of Finland in Moscow on 13 March 2026, states that the Government of Finland will fully suspend the Agreement between the Government of the Russian Federation and the Government of the Republic of Finland for the...
Qatar’s General Tax Authority (GTA) announced official clarifications regarding capital gains tax, including an exemption for gains arising from intra-group restructuring on 29 March 2026, which was first announced in May 2025. The GTA indicated that this exemption aims to enable companies within the same group to carry out restructuring operations more efficiently and to...
Following parliamentary questions, the Belgian Minister of Finance has provided clarification on the financial fixed asset condition for applying the Tate & Lyle dividend withholding tax exemption (the exemption) for dividends paid to non-resident substantial shareholders. New condition effective 29 July 2025 The Programme Law of 18 July 2025 introduced an additional requirement for dividend...
The Slovak Republic and Andorra are working toward their first bilateral income tax agreement, according to a statement from the Slovak Republic’s Ministry of Foreign and European Affairs released on 31 March 2026. State Secretary Marek Eštok emphasised Andorra’s significance as a partner during discussions with newly appointed Andorran Ambassador Jaume Serra Serra on 30...
Russia’s government Resolution No. 305, published in the Official Gazette on 24 March 2026, introduces amendments to reporting requirements for resident legal entities regarding foreign accounts and electronic payment instruments (EPI). The decree clarifies reporting periods, extends deadlines, and provides exemptions for certain multinational group arrangements. Effective 1 April 2026, resident entities must submit reports...
The Hong Kong Inland Revenue Department announced the new versions and enhanced features of the electronic filing (e-filing) of profits tax return services and the full adoption of the Electronic Block Extension Scheme on 1 April 2026. In addition, it also launched the IRD Taxonomy Package and IRD iXBRL Data Preparation Tools, where all corporations...