Sunday, May 17, 2026
The EU Commissioner for Trade and Economic Security, Maros Sefcovic, and Canada’s Minister for International Trade, Maninder Sidhu, launched negotiations for an EU-Canada Digital Trade Agreement (DTA) on 6 March 2026. Building on nine years of successful implementation of the EU-Canada Comprehensive Economic and Trade Agreement (CETA), this new deal will upgrade EU-Canada trade by...
The Bolivian government enacted Supreme Decree 5563 on 6 March 2026, offering significant tax reductions to foreign companies that reinvest their earnings within the country rather than sending them abroad. The decree modifies the Tax on the Profits of Companies – Beneficiaries from Abroad (IUE-BE) through a sliding scale system. Companies reinvesting over 75% of...
Nigeria’s Ministry of Finance have introduced the Presumptive Tax Regulations framework on 4 March 2026, marking a significant milestone in Nigeria’s tax reform journey. The Ministry described the framework as simple, clear and fair, with a focus on economic inclusion, noting that the reforms aim to protect small businesses and broaden the tax base without...
France began negotiations with Cambodia at the end of 2023 for an income tax treaty. The talks are now “about to be completed,” according to a response published on 5 February 2026. The treaty will prevent double taxation for residents earning income from the other country and set clear rules on how such income is...
Singapore’s Ministry of Finance (MoF) has confirmed that the second protocol amending the income tax treaty with Cambodia entered into force on 6 March 2026. Signed on 2 November 2023, the protocol updates the DTA’s preamble and introduces a new Article 28 (Entitlement of Benefits) to align with international Base Erosion and Profit Shifting (BEPS)...
The Inland Revenue Authority of Singapore (IRAS) has revised the list of jurisdictions with which it will exchange Country-by-Country (CbC) reports under the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (2016) (CbC MCAA) on 6 March 2026. The following jurisdictions have been newly added: Mongolia, Serbia, and Vietnam – for financial years...
Sweden has announced a temporary reduction in the value-added tax (VAT) on food and bottled water, lowering the rate from 12% to 6% from 1 April 2026 to 31 December 2027, as published in the Official Gazette on 3 March 2026. The move follows parliament’s approval of the government’s proposal, aimed at easing household finances...
Taiwan’s Ministry of Finance confirmed that an income tax treaty with Tuvalu was signed on 4 March 2026. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. The 29-article treaty provides for reduced withholding tax on dividends, interest, and royalties at 10%, and includes mechanisms for dispute resolution and tax...
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-16, scheduled for formal publication in Internal Revenue Bulletin 2026-13 on 23 March 2026 on the IRB website. The guidance addresses the foreign earned income exclusion for individuals who were unable to meet the eligibility requirements because adverse conditions in a foreign country prevented them...
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has urged zakat payers to “voluntarily” make their Zakat through the ZAKATY platform or through the ZAKATY website (zakaty.gov.sa). ZAKATY allows individuals to make their Zakat through safe payment methods approved by banks, such as SADAD, Visa, and Apple Pay services, in a way that ensures fast...