Tuesday, March 17, 2026
The income and capital tax treaty between Andorra and the UK entered into force on 22 December 2025. The agreement, signed on 20 February 2025, applies to Andorran corporate income tax, personal income tax, tax on income for fiscal non-residents, and tax on increases in the value of immovable property. On the UK side, it...
The Inland Revenue Department (IRD) of Sri Lanka has announced updated levies for betting and gaming businesses following amendments to the Betting & Gaming Levy Act, No. 40 of 1988, under the Betting and Gaming Levy (Amendment) Act No. 25 of 2025. This announcement was made on 31 December 2025. The following changes apply to...
The UAE’s Federal Tax Authority (FTA) has issued Excise Tax Public Clarification EXTP013, dated 29 December 2025, detailing the implementation of a tiered volumetric model for Excise Tax on Sweetened Drinks. The new model came into effect for all taxable persons on 1 January 2026 and should be read alongside Public Clarification EXTP012, which covers...
Russia’s Federal Tax Service (FTS) has updated the list of jurisdictions that exchange financial account information under the CRS/AEOI framework. The update was made through FTS Order No. ED-7-17/883 dated 14 October 2025, registered with the Ministry of Justice on 10 December 2025, published on 11 December 2025, and effective from 22 December 2025. The...
Denmark has gazetted the consolidated text of the Income Tax Assessment Act (Ligningsloven) on 5 December 2025. The updated Act sets out the rules for calculating taxable income and includes provisions on exemptions, deductions, and specialised tax treatments. Key measures cover exemptions for certain gifts, educational grants, and social benefits, alongside deductible expenses such as...
China’s Ministry of Finance and State Taxation Administration (STA) have announced the extension of preferential tax deduction rules for advertising and promotional (A&P) expenses on 22 December 2025 under the newly issued Announcement No. 16 of 2025. The announcement took effect on 1 January 2026 and runs through 31 December 2027. According to the announcement,...
Ghana’s tax authority, the Ghana Revenue Authority (GRA), on 31 December 2025 issued a notice to all VAT-registered taxpayers outlining the VAT reforms enacted under the Value Added Tax Act, 2025, which will take effect from 1 January 2026. Following the passage of the Value Added Tax Act, 2025 (Act 1151), which covers significant reforms...
The Inland Revenue Authority of Singapore (IRAS) has updated the list of jurisdictions with which Singapore will exchange Country-by-Country (CbC) reports under the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (2016) (CbC MCAA). The update was published on 2 January 2026. Under the revised list, Senegal has been added as a participating...
Germany has introduced detailed rules for filing and exchanging Global Anti-Base Erosion (GloBE) information returns for multinational enterprises under the Pillar 2 global minimum tax, as set out in the Mindeststeuer-Bericht-Verordnung (MinStBV) published in the Official Gazette on 29 December 2025. The regulation implements the Minimum Tax Act (Mindeststeuergesetz – MinStG), defining key terms, the...
The Hong Kong Inland Revenue Department (IRD) has announced that officials from Hong Kong and Oman will meet for the first round of talks on an income tax treaty from 5 to 9 January 2026. If successfully concluded, this would mark the first tax treaty between the two jurisdictions. Any agreement reached will need to...