Tuesday, February 24, 2026
Finland’s government submitted a new law proposal (HE 6/2026) to parliament on 12 February 2026, which supplements the earlier proposal HE 196/2025, introducing further amendments to the Law on Minimum Tax by Large Groups, which implements the Pillar 2 global minimum tax rules. Finland proposes amending its Minimum Tax for Large Groups Act to incorporate...
The tax treaty between Singapore and Taiwan for the elimination of double taxation with respect to income taxes and the prevention of tax evasion and avoidance was signed on 31 December 2025 and entered into force on 13 February 2026. It was signed by Yip Wei Kiat, Trade Representative of the Singapore Trade Office in...
Argentina’s tax authority (ARCA) introduced new electronic invoicing requirements and a monthly settlement system through General Resolution 5824/26 to simplify tax compliance for businesses and individuals on 13 February 2026. Financial institutions, insurance companies, credit card providers, prepaid health plans, and educational institutions must now issue electronic invoices, aligning them with existing taxpayer obligations. These...
Poland has modernised its National e-Invoice System (KSeF) through two major developments: expanded login capabilities launched on 14 February 2026, and a comprehensive manual update for KSeF 2.0. Streamlined access through multiple authentication methods The integration with the National Electronic Identification Node (KWIE) now allows users to access KSeF via the mObywatel mobile app, mojeID...
The Joint Chiefs of Global Tax Enforcement (J5) published two law enforcement advisories on 11 February 2026 that detail how over-the-counter (OTC) cryptocurrency trading desks and cryptocurrency payment processors may be used to obfuscate and move funds tied to criminal activity. The J5 consists of five tax enforcement agencies: the Australian Taxation Office (ATO), Canada...
Taiwan’s Northern Region National Taxation Bureau announced on 13 February 2025 that businesses selling both taxable and tax-exempt goods must follow specific regulations when claiming input tax credits on fixed assets like factory buildings and machinery. Companies can choose between two approaches for calculating deductible input tax: Proportional deduction method: Businesses calculate a non-deductible ratio...
The Central Taiwan National Taxation Bureau has clarified, on 13 February 2026, that breach of contract penalties and late payment interest receive different tax treatments. Penalties collected for contract breaches are subject to business tax and require uniform invoice issuance, while interest on delayed payments is tax-exempt and does not require invoices. Under Article 16...
The European Commission has implemented additional import duties on electric vehicles manufactured in China, with rates varying significantly by manufacturer. These charges come on top of the EU’s standard 10% import duty on cars. Chinese EV maker BYD faces a 17% additional tariff, while Geely Group vehicles are subject to 18.8% duties. SAIC Group received...
Canada’s Department of Finance, in a news release on 13 February 2026 ,announced that it launched consultations on the possibility of introducing a domestic content requirement under the Clean Technology and Clean Electricity investment tax credits (ITCs). These ITCs are designed to help Canada transition to a net-zero economy by supporting new investments in clean...
Brazil’s Federal Revenue Service (RFB) issued an alert on 13 February 2026, reminding taxpayers of the approaching deadline to enrol in the Special Regime for Updating and Regularising Assets under the Update modality (Rearp Update). The programme was established by Law No. 15,265/2025 and is regulated by RFB Normative Instruction No. 2,302/2025. The measure allows...