Tuesday, April 07, 2026
The Japanese Ministry of Foreign Affairs announced, on 26 January 2026, that the first round of negotiations to update the Japan–Philippines Income Tax Treaty will begin in Manila today, 27 January 2026. The treaty was originally signed in 1980 and was partially amended by a protocol in 2008. Officials from both governments will explore ways...
The Indonesian Ministry of Finance issued Regulation No. 112 of 2025 (PMK-112/2025) on 30 December 2025, introducing a comprehensive update to the framework governing the application of tax treaties in line with international standards. The regulation provides a comprehensive framework for both domestic and foreign taxpayers to claim tax treaty benefits while preventing the evasion...
Luxembourg’s Council of State has approved the ratification of the amending protocol to the 2006 income and capital tax treaty with San Marino on 20 January 2026. The two countries signed an amending protocol to their 2006 tax treaty on 14 May 2025, marking the second revision to the agreement following an earlier update in...
US President Donald Trump has warned that Canada could face serious consequences if it moves forward with closer trade ties with China. In a post on Truth Social on 24 January 2026, Trump said he would impose a 100% tariff on all Canadian goods entering the US if Canada proceeds with what he described as...
Romania’s Ministry of Finance has launched a public consultation on a draft Government Ordinance amending and supplementing the Fiscal Procedure Code (Law 207/2015) to implement Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). The draft government ordinance bill was published on 23 January 2026. The directive updates rules for cooperation between EU tax authorities,...
Korea (Rep.) moved quickly on 27 January 2026 to reassure the US that it still plans to carry out a major trade agreement, after President Donald Trump threatened to raise tariffs on Korean imports. Trump said the tariff increase was a response to Korea (Rep.)’s delay in passing the deal through its parliament, which he...
The US Internal Revenue Service (IRS) announced, on 26 January 2026, that it has opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025. The IRS expects about 164 million individual tax returns for tax year 2025 to be filed ahead of the Wednesday, 15...
Jordan issued a royal decree ratifying the protocol amending the 2001 income tax treaty with Kuwait on 22 January 2026. Originally signed on 13 November 2025, the protocol updates taxes covered, adds rules for technical services with 20% withholding tax, replaces provisions on exchange of information to align with OECD standards, and introduces entitlement to benefits...
Malta and Morocco signed a protocol on 2 January 2026, amending their 2018 income tax treaty. Deputy Prime Minister Borg and Minister Chiappori signed the update to the Bilateral Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion. The protocol aligns the treaty with current international tax standards, strengthens cooperation, and...
Vietnam has enacted Law No. 108/2025/QH15 on 10 December 2025, establishing a comprehensive legal framework for managing taxes and other state budget revenues. The law defines taxpayer rights and obligations, sets out the powers of tax and customs authorities, and standardises procedures for tax registration, declarations, payments, and enforcement. The legislation applies to domestic organisations,...