Saturday, June 27, 2026
The Constitutional Court of Colombia, in Communicado 14 issued a release on 9 April 2026, delivered three rulings addressing the Special Jurisdiction for Peace (JEP), provisions of the Colombian Penal Code, and a State of Economic and Social Emergency declared by the government. Restrictions on JEP jurisprudential rules struck down In Sentence C-073/26, the Court...
Sri Lankan Inland Revenue Department (IRD) has issued a formal reminder to taxpayers regarding Value Added Tax (VAT) obligations for the period ending 31 March 2026, reaffirming strict compliance requirements for payments, return submissions, and input tax credit claims under national fiscal regulations. The IRD stated that VAT payments for March 2026 must be made...
Lithuania State Tax Inspectorate has updated its excise duty guidance on heated tobacco products and electronic cigarette liquids, clarifying liability, rates, exemptions and compliance under the Law on Excise Duties on 14 April 2026. For heated tobacco products, the obligation to pay excise duties generally arises upon release for consumption, including removal from a duty...
Sri Lankan Inland Revenue Department (IRD) has issued a final reminder to all relevant taxpayers regarding the payment of VAT on Financial Services (VAT on FS) for March 2026, with the due date set as 20 April 2026. Taxpayers are required to settle all outstanding liabilities on or before this deadline to avoid enforcement action....
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance stated that when businesses rent out property and collect deposits, they must calculate interest on the deposits and issue uniform invoices to report and pay business tax. The Bureau explained that for deposits collected when leasing real estate or equipment, businesses must calculate deposit interest...
South African Revenue Service (SARS) has enacted the Tax Administration Laws Amendment Act, 2026 (Act No. 4 of 2026) published on 1 April 2026 in Government Gazette No. 54447, introducing a legal framework for e-invoicing and voluntary e-reporting under the Value-Added Tax Act No. 89 of 1991 (VAT Act). The Amendment Act introduces formal definitions...
Taiwan’s Profit-seeking enterprises that have been approved to suspend operations in the 2025 tax year (Year 114 of the Republic of China calendar) are still required to file their income tax returns within the statutory deadline this May, according to the Kaohsiung National Taxation Bureau. Failure to comply may result in late-filing or non-filing penalties...
Irish Revenue published eBrief No. 078/26 on 15 April 2026, announcing a reduction in mineral oil tax on certain fuels, and a postponement of the scheduled carbon tax increase. The Tax and Duty Manual on Excise Duty Rates on Energy Products and Electricity Taxes has been updated to reflect these changes. It confirms temporary reductions...
The French tax administration announced penalty relief for companies on 14 April 2026, that incorrectly claimed a reduced corporate income tax rate, following a landmark decision by the Council of State in March 2025. On 13 March 2025, France’s highest administrative court ruled in case No. 481,538 (TDA Company) that businesses must consider their entire...
The Italian Revenue Agency has introduced new tax codes to facilitate payments under two distinct fiscal frameworks: the Transition 5.0 plan and the reformed controlled foreign companies (CFC) regime. These updates aim to streamline tax compliance for businesses navigating recent legislative changes. Transition 5.0: New code for partial credit Resolution No. 14 of 16 April...