Monday, April 27, 2026
Bahrain and Bermuda signed an amending protocol to their 2010 Income Tax Treaty on 18 April 2026. The signing took place during the Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, D.C. The protocol updates the agreement to reflect current international standards, including the OECD/G20 Base Erosion and Profit...
South Africa’s President has enacted the Taxation Laws Amendment Act 2026 (the Act), which abolishes the VAT exemption previously applicable to low-value imported goods. The Taxation Laws Amendment Act, 2026 (Act No. 5 of 2026) was assented to on 31 March 2026, and published on 1 April 2026. It introduces broad amendments to several South...
Cambodian Ministry of Economy and Finance on 3 April 2026, has issued an Instruction on the state assumption of Value Added Tax (VAT) liability for the supply of diesel fuel and LPG gas, in response to rising international market prices of diesel and LPG and to ease living conditions of citizens. The Ministry informed enterprises...
Irish Revenue has published eBrief No. 081/26 on 17 April 2026, providing new and updated guidance on the Living City Initiative. The Living City Initiative is a scheme of property tax incentives provided for in Chapter 13 of Part 10 of the Taxes Consolidation Act 1997. There are four types of relief available under the...
Switzerland is introducing an extension to the loss carryforward period following the expiry of the referendum period for the implementing Federal Law on 17 April 2026. The Swiss Federal Law on Extending Loss Compensation Periods, adopted on 19 December 2025, primarily extends the timeframe for deducting business losses from taxable income. The law was officially...
Sweden’s Ministry of Finance has proposed changes to the Swedish tonnage taxation system through the Bill 2025/26:243 to strengthen the competitiveness of Swedish shipping on 14 April 2026. The proposal would extend the system to cover certain activities in specialised shipping. It would also expand the ability of tonnage-taxed companies to lease qualified vessels without...
Colombia’s Constitutional Court issued a press release on 17 April 2026 confirming that Legislative Decree No. 1474 of 29 December 2025 has been declared unconstitutional. The summary refers to Sentencia C-079/26, as set out in the Court’s official communication of 15 April 2026. The Court found that the decree, which introduced tax measures under a...
The Belarus House of Representatives (lower house of the National Assembly) has approved the country’s first income tax treaty with Jordan through Resolution No. 306-P8/III on 17 April 2026. The resolution was published on the National Legal Internet Portal of Belarus the following day. This tax agreement represents the first such arrangement between Belarus and...
The Inland Revenue Authority of Singapore confirmed that a new income tax agreement with Kenya became operational on 20 April 2026. This treaty, originally signed on 23 September 2024, supersedes a previous 2018 agreement that was never implemented. The agreement applies to income tax in both nations—Kenya’s Income Tax Act (Cap. 470) and Singapore’s income...
Finland’s government approved a proposal to suspend the domestic implementing act of the Finland–Russia Income Tax Treaty (1996), as amended on 16 April 2026. The proposal has been submitted to parliament for consideration. Finland has already notified Russia of the treaty’s suspension under international law and is now aligning its domestic legislation accordingly. The tax...