Tuesday, March 17, 2026
The income tax treaty between Estonia and Oman entered into force on 24 November 2025. Signed on 27 October 2024, the agreement seeks to prevent double taxation and fiscal evasion between the two nations. Earlier, Estonia published Decision No. 606 in the Official Gazette for the ratification of the income tax treaty with Oman on...
Andorra’s parliament approved the ratification of the income and capital tax treaty with Estonia on 11 December 2025. Andorra and Estonia signed an income and capital tax treaty on 23 September 2025. This treaty aims to prevent double taxation on income and capital between the two countries while addressing tax avoidance and evasion issues. Earlier,...
Chile’s Internal Revenue Service (SII) has issued Resolution No. 194, detailing the assets and market values for the 2026 luxury tax. The 2% annual tax applies to high-value items owned by individuals or companies in Chile. Asset Type Tax Rate Notes on Valuation Helicopters 2% Valued using international databases and market trends Aircraft 2% Fair...
Azerbaijan’s State Tax Service (STS) has announced changes to the VAT registration threshold for businesses using cashless payments, aiming to encourage the adoption of electronic transactions in retail trade and public services. The adjustment, effective from 2026, counts only 50% of cashless sales via point-of-sale (POS) terminals when determining whether a business exceeds the VAT...
Taiwan’s Northern District National Taxation Bureau has announced on 5 January 2025 that the 1% business tax incentive for small-scale businesses using mobile payments or multimedia information service machines (KIOSKs) will be extended until 31 December 2028. The Ministry of Finance amended the former “Operational Guidelines for Tax Incentives for Small-Scale Businesses Introducing Mobile Payments”...
Ecuador’s Internal Revenue Service (SRI) issued Resolution No. NAC-DGERCGC25-00000043 on 29 December 2025, establishing the official individual income tax brackets for 2026. The rates are structured as follows: Taxable Income (USD) Tax Rate 0 – 12,208 0% 12,208 – 15,549 5% 15,549 – 20,188 10% 20,188 – 26,700 12% 26,700 – 35,136 15% 35,136 –...
Turkey’s Income Tax General Communiqué No. 332, published in the Official Gazette on 31 December 2025, updates individual income tax brackets for 2026. The rates differ slightly between employment and other income types. These changes took effect on 1 January 2026 and include adjustments to certain exemptions and allowances. Employment Income Brackets (2026) Taxable Income...
Malta’s Tax and Customs Administration (MTCA) has confirmed that the European Union’s Carbon Border Adjustment Mechanism (CBAM) will enter full operation on 1 January 2026. This announcement was made on 24 December 2025. Under the new rules, importers of goods covered by CBAM must be authorised as CBAM declarants and report the embedded carbon emissions...
Russia has enacted a series of tax reforms for 2026 under Federal Law No. 425-FZ of 28 November 2025, introducing changes across VAT, corporate taxation, and digital asset regulation. The reforms took effect on 1 January 2026. The standard VAT rate has risen from 20% to 22%, while the reduced 10% rate remains for essential...
Peru’s National Superintendency of Customs and Tax Administration (SUNAT) has issued Superintendency Resolution No. 000386-2025/SUNAT, establishing the filing and payment schedule for annual Income Tax and Financial Transactions Tax (ITF) returns for the 2025 tax year. The resolution was published on 29 December 2025 and came into effect immediately. The schedule applies to individuals and...