Saturday, June 27, 2026
Cyprus Tax Department issued Circular 1/2026 on 9 April 2026, which formally establishes the list of jurisdictions classified as low-tax jurisdictions for the 2026 tax year. This circular is a critical component of Cyprus’s implementation of defensive tax measures aimed at transactions involving jurisdictions with significantly lower taxation than Cyprus. A jurisdiction is generally considered...
Greece has updated the list of jurisdictions participating in the Multilateral Competent Authority Agreement (MCAA) on the exchange of country-by-country (CbC) reports for the 2024 tax year, according to Decision No. A 1080 published in the Official Gazette on 2 April. Greece CbC exchange jurisdictions (MCAA – 2024) Mutual (58) Non-mutual (19) San Marino, Albania,...
Malaysia has gazetted the Income Tax (Accelerated Capital Allowance) (Information and Communication Technology Equipment for the Implementation of Electronic Invoice) Rules 2026 and the Income Tax (Accelerated Capital Allowance) (Development Cost for Customised Computer Software for the Implementation of Electronic Invoice) Rules 2026 on 7 April 2026. The rules enhance accelerated capital allowance incentives to...
The Czech Republic’s Ministry of Finance has announced that the Czech Republic and Argentina signed an income and capital tax treaty on 14 April 2026. This agreement aims to prevent double taxation on income and capital between the two countries while addressing tax avoidance and evasion issues. The agreement covers Argentina’s income tax and personal...
The Philippines Bureau of Internal Revenue (BIR) has issued Bank Bulletin No. 2026-04 on 7 April 7, 2026, which reiterates the procedures for Authorised Agent Banks (AABs) to follow regarding the 2025 Calendar Year Annual Income Tax Returns (AITR). The directive instructs that AABs are required to accept Annual Income Tax Returns (AITRs) filed through...
The Australian Treasury launched a public consultation on 10 April 2026 covering draft legislation aimed at strengthening the foreign resident capital gains tax (CGT) regime. The consultation covers two draft bills: the Treasury Laws Amendment Bill 2026: Strengthening the foreign resident CGT regime and the Treasury Laws Amendment Bill 2026: Renewable energy asset discount capital...
Bolivian President Rodrigo Paz Pereira has signed Law No. 1717, dated 10 April 2026, formally abolishing the financial transactions tax (ITF), which was published in the Official Gazette on 11 April 2026. Under Law No. 1717, Bolivia has formally repealed the Financial Transactions Tax (ITF), which had been in place since 2006. The law is...
Chile’s Internal Revenue Service (SII) has issued Resolution No. 48 on 1 April 2026, updating the tax rates applicable to small artisanal miners and other SMEs engaged in the extraction and sale of gold and silver ores. Under the simplified single tax regime for small artisanal miners, revised rates apply to net revenues derived from...
Argentina’s Undersecretariat for Small and Medium-Sized Enterprises announced on 1 April 2026 that has updated the classification criteria for micro, small, and medium-sized enterprises (MSMEs) through Resolution No. 1/2026 (SICYPYME), published in the Official Gazette. The new framework revises thresholds for annual sales, workforce size, and asset values, determining eligibility for MSME Registry registration and...
Bangladesh’s National Board of Revenue (NBR) has granted a one-month extension for the filing of income tax returns for corporate taxpayers. According to an order issued on 13 April 2026, taxpayers other than individuals and Hindu Undivided Families (HUFs) will now be allowed to submit returns for the 2025–2026 assessment year up to 15 May...