Saturday, June 27, 2026
Saudi Arabia and the US signed an exchange of information agreement relating to tax matters on 14 April 2026. During a meeting, Secretary of the Treasury Scott Bessent and Saudi Minister of Finance Mohammed bin Abdullah al-Jadaan discussed ongoing economic cooperation between the US and Saudi Arabia. Both sides noted progress on a number of...
Bolivia’s National Tax Service (SIN) has removed the long-standing restriction on fuel-related tax credits, allowing taxpayers to claim 100% of VAT on gasoline and diesel invoices. Previously, only 70% was creditable, leaving businesses to absorb the remaining 30% as a cost. The reform eliminates the partial credit system, meaning taxpayers can now recover the entire...
Ireland’s government announced a new package of measures, on 13 April 2026, on fuel costs and to support the transport, farming and fisheries sectors. These measures follow significant recent engagement with industry representatives and are in addition to the previously allocated EUR 250 million in targeted support to assist those experiencing real and immediate financial...
Nicaragua has introduced a major overhaul of its free trade zone framework through Law No. 1278, published in the Official Gazette on 9 April 2026 and signed into law on 8 April 2026. The reform strengthens fiscal incentives for both free trade zone operators and user companies while setting clearer timelines, extension rules, and post-exemption...
The Colombian government has confirmed that it will raise its ad valorem reciprocal tariff on a range of imports originating from Ecuador from 50% to 100%, escalating an ongoing trade dispute between the two countries. According to a presidential press release issued on 10 April 2026, the new tariff level will take effect on 1...
The OECD has released its Secretary-General’s Tax Report to G20 Finance Ministers and Central Bank Governors, prepared for their meeting under the United States presidency on 16 April 2026. Overview The OECD continues to support G20 priorities by advancing domestic and international tax priorities that foster stability and prosperity. Its tax policy and administration work...
Argentina’s tax administration (ARCA) has launched enrollment for a new Simplified Income Tax Regime, marking a significant change in how taxes are assessed on 14 April 2026. The initiative moves away from the traditional assumption of tax evasion and adopts a principle of “innocent until proven otherwise.” It is not an amnesty or tax pardon,...
Sri Lankan Inland Revenue Department (IRD) has issued Notice PN/VAT/2026-04/1 on 08 April 2026 to all Value Added Tax (VAT) registered persons, providing clarification on the VAT treatment of fabric imports and supplies following recent Gazette notifications issued under the Value Added Tax Act, No. 14 of 2002. The notice states that, in the exercise...
Poland’s Council of Ministers has approved a draft amendment to the Excise Duty Act on 14 April 2026, extending excise taxation to e-cigarettes that operate using electromagnetic induction. The reform aims to align their treatment with existing rules for devices that use electric heaters. Under the proposal, a flat excise duty of PLN 40 per...
The Dutch Ministry of Finance has initiated a public consultation regarding additional measures to prevent dividend stripping on 16 April 2026. Dividend stripping is a method by which individuals or companies attempt to pay less or no tax on dividends by separating the legal and economic rights to dividends. As of 1 January 2024, several...