Tuesday, February 03, 2026
The UK Treasury has opened a public consultation on introducing an electric vehicle excise duty (eVED), as announced in the Autumn 2025 Budget. Autumn Budget 2025 announces the introduction of eVED for electric and plug-in hybrid electric cars, which will come into effect in April 2028. Drivers will estimate and pay their mileage with their...
Zimbabwe has introduced a range of tax measures in its National Budget for 2026, which were enacted through the Finance Act 2025 (Act No. 7 of 2025) on 29 December 2025. The Finance Act of 2025 introduces significant amendments to existing tax laws, including updated provisions for income tax, value-added tax (VAT), and capital gains...
Luxembourg’s Chamber of Deputies has approved a reform that clarifies and modernises the tax treatment of carried interest, building on rules initially introduced on 24 July 2025. The reform seeks to strengthen the nation’s financial appeal by providing legal certainty and expanding the eligibility criteria for fund managers to benefit from specialised tax regimes. Key...
Lithuania’s government approved the ratification of the income tax treaty with Pakistan on 21 January 2026. Signed on 23 September 2025, this tax treaty aims to prevent double taxation and strengthen measures against tax evasion and profit shifting, in line with OECD and G20 standards. The agreement covers profit and income taxes in Lithuania and...
Vietnam’s National Assembly has approved Law No. 149/2025/QH15 on 8 December 2025, amending and supplementing various provisions of the Law on Value Added Tax 2024 (VAT Law 2024). Government officials proposed these changes to alleviate financial pressures on the agricultural sector and resolve persistent bottlenecks in the tax refund process following severe natural disasters. Key...
Papua New Guinea’s new Income Tax Act 2025 came into effect on 1 January 2026. Issued on 20 October 2025, the new Income Tax Act modernises and simplifies the country’s tax framework, replacing the former regime under the Income Tax Act 1959. It outlines various tax obligations for individuals and corporations, including specific provisions...
Japan’s Cabinet has adopted a decision of 23 January 2026 to bring the country’s Pillar 2 global minimum tax framework in line with the OECD’s Side-by-Side Package released on 5 January 2026. The Cabinet decision outlines several key elements of the OECD Side-by-Side Package, including the Side-by-Side Safe Harbour, a one-year extension of the Transitional...
The French tax authorities have confirmed, on 21 January 2026, the automatic renewal of the special regime for calculating advance corporate income tax payments for companies whose profits consist entirely or partly of investment income. Under this regime, eligible companies may be authorised to calculate the amount of their advance payments based on the net...
The Australian Taxation Office (ATO) has updated its guidance on the global and domestic minimum tax on 23 January 2026, adding a new section to reflect the side-by-side package announced earlier in January 2026. The OECD has announced an agreement of the Inclusive Framework (IF) on a side-by-side package. The package includes several components, including...
The South African Revenue Service (SARS) has released updated guidance on turnover tax for micro businesses, aimed at helping small enterprises navigate the simplified tax regime. The new resources include the Tax Guide for Micro Businesses (Issue 3) and Frequently Asked Questions: Turnover Tax. The turnover tax system provides a simplified alternative to normal income...