Tuesday, March 17, 2026
The Office of the United States Trade Representative (US Trade Representative) has issued a Notice of Action titled “China’s Acts, Policies, and Practices Related to the Targeting of the Semiconductor Industry for Dominance,” which was published in the Federal Register on 29 December 2025. The notice confirms that China’s acts, policies, and practices are actionable...
Italy’s government secured a decisive vote of confidence in the Senate on 30 December 2025 for its 2026 budget, winning 113 votes to 70, keeping it on track for final approval by parliament before year-end. The budget now moves to the lower house, where passage is expected before 31 December 2025, avoiding automatic spending and...
The Cyprus parliament passed a major tax reform package on 22 December 2025, introducing higher corporate taxation, expanded personal tax relief, new rules for crypto-asset income, and strengthened compliance mechanisms, alongside targeted incentives to support innovation and investment. The tax measures are as follows: Corporate tax The standard corporate income tax rate is increased from...
Bahrain’s Cabinet approved a package of fiscal and economic measures aimed at curbing government spending, increasing revenues and safeguarding key subsidies, following a Cabinet meeting chaired by Crown Prince and Prime Minister Prince Salman bin Hamad Al Khalifa. The measures were announced at a press conference held at Gudaibiya Palace on 29 December. The Government...
Ukraine has enacted Law No. 4698-IX, published in the Official Gazette on 26 December 2025, introducing significant amendments to the country’s Tax Code and related legislation. Under the new law, banks will face a corporate income tax rate of 50% for all tax periods in 2026. The legislation prohibits banks from deducting losses carried forward...
Turkey has reduced its digital services tax (DST) with the publication of Presidential Decree No. 10767 in the Official Gazette (No. 33118) on 25 December 2025. The decree lowers the DST rate from 7.5% to 5% starting 1 January 2026 and further to 2.5% from 1 January 2027. It updates paragraph (3) of Article 5...
Taiwan’s Ministry of Finance (MOF) has reminded profit-seeking enterprises with a special fiscal year to submit all required attachments when filing profit-seeking enterprise income tax returns, except for those exempt under relevant regulations. For returns audited and attested by a certified public accountant (CPA), the audit and attestation report, along with other required attachments, must...
Germany has officially published the Law implementing Council Directive (EU) 2023/2226 (DAC8) in the Official Gazette on 23 December 2025, introducing updated reporting and due diligence requirements for crypto-asset service providers. The European Council approved DAC8 in October 2023. Its rules are primarily derived from the OECD’s Crypto-Asset Reporting Framework (CARF) and the updated Common...
Austria published the Anti-Fraud Act 2025 in the Official Gazette on 23 December 2025. The law implements Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8), introducing new reporting and due diligence obligations for crypto-asset service providers. The Anti-Fraud Act 2025 incorporates the Crypto-Asset Reporting Act (Krypto-MPfG), requiring crypto-asset service providers to register and report...
Chile’s tax authority (SII) has issued Resolution No. 181 of 15 December 2025, which formalises the list of foreign digital service providers (DSPs) subject to value added tax (VAT) withholding for the upcoming calendar year. Chile has implemented a framework to ensure VAT collection on digital services provided by foreign companies. Initially introduced on 1...