Tuesday, March 17, 2026
The Central Board of Direct Taxes (CBDT) has issued Notification No. 19/2026 in the Official Gazette on 5 March 2026, amending the Income-tax Rules, 1962 (Rules 114F, 114G, 114H) to bring crypto assets, central bank digital currencies (CBDCs), and specified electronic money products (SEMPs) under the Common Reporting Standard (CRS) framework and US Foreign Account...
France’s tax authorities have issued guidance on value-added tax (VAT) for dropshipping transactions where merchants sell goods online to consumers in France or other EU Member States without holding inventory and have not opted into the VAT “Import One Stop Shop” (IOSS) scheme. The ruling outlines how VAT must be declared and paid, depending on...
The Canada Revenue Agency (CRA) has announced on 24 February 2026 the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from 1 April 2026 to 30 June 2026. Income tax The...
The Australian Taxation Office (ATO) has reminded businesses of the requirement to lodge a Taxable Payments Annual Report (TPAR) to avoid potential penalties on 9 March 2026. Businesses and government entities who make payments to contractors may need to report these payments and lodge a TPAR. Contractors can include subcontractors, consultants and independent contractors. They...
Hungary’s tax authority, the National Tax and Customs Office (NAV) will significantly expand its use of artificial intelligence and risk analysis to identify fraudulent taxpayers in 2026, NAV President Ferenc Vágujhelyi stated on 20 February 2026. The tax authority now operates on a fundamentally data-driven approach, analysing online invoices, cash register transactions, eKÁER logistics data,...
According to a statement from Kosovo’s Ministry of Industry, Entrepreneurship, and Trade, representatives from Kosovo met with the Ontario Chamber of Commerce on 5 March 2026 to discuss investment opportunities and strengthening economic cooperation. During the meeting, the Ministry confirmed that a foreign investment protection agreement between Kosovo and Canada has already been signed, while...
Brazil has issued Decree No. 12.865, dated 2 March 2026, promulgating the income tax treaty with Poland. Signed on 20 September 2022, the agreement aims to prevent double taxation and tax evasion. The decree entered into force on 3 March 2026 and confirms that the treaty itself entered into force on 5 November 2025. The...
The Hong Kong SAR (HKSAR) government has unveiled proposals in an administrative paper to strengthen preferential tax regimes for funds, family office investment vehicles, and carried interest, following a consultation process in 2024–25. This paper briefs Members on the legislative proposal to amend the Inland Revenue Ordinance (Cap. 112, “IRO”) to enhance the preferential tax...
The Hong Kong Inland Revenue Department (IRD) has released an advance ruling, dated 28 November 2025, addressing whether a company’s gain from the sale of a long-held equity interest can be treated as a non-taxable capital gain. The ruling applies in respect of section 40AX of and Schedule 17K to the Inland Revenue Ordinance (“IRO”)....
The US Internal Revenue Service (IRS) announced, on 5 March 2026, its annual Dirty Dozen list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals. The Dirty Dozen is part of a broader campaign conducted through the Security Summit, a partnership among the IRS, state tax...