Monday, April 27, 2026
The US Internal Revenue Service (IRS) has released Internal Revenue Bulletin No. 2026-6 on 2 February 2026. The bulletin includes Announcement 2026-3, which sets out the Competent Authority Arrangement agreed between the US and Spain to implement the arbitration procedure under paragraphs 5 and 6 of Article 26 (Mutual Agreement Procedure) of the 1990 US–Spain...
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 3 February 2026 the proposed regulations for domestic producers of clean transportation fuel to determine their eligibility for and calculate the clean fuel production credit under the One, Big, Beautiful Bill. The new law made important changes to what is often referred...
The Australian Taxation Office (ATO) has published a release outlining eligibility for the AUD 20,000 instant asset write-off for the 2025–26 income year on 3 February 2026. If a business has an aggregated annual turnover of less than $10 million, the instant asset write-off (IAWO) may be used to immediately deduct the business portion of...
China’s Ministry of Finance and State Taxation Administration has issued Announcement No. 13 of 2026 on 30 January 2026, clarifying rules on the deduction of input value-added tax (VAT). Effective 1 January 2026, the guidance overrides previous regulations and provides detailed instructions for taxpayers on VAT calculation, asset restructuring, mixed-rate transactions, and timing of tax...
The Danish Ministry of Taxation has submitted Bill No. L 102 to the Folketing on 3 February 2026, proposing amendments to the Collection Act and various other laws to increase reminder fees in the collection of certain taxes and duties by the Customs and Tax Administration. The proposal, tabled by Minister for Taxation Ane Halsboe-Jørgensen,...
Bangladesh’s interim government will sign a tariff agreement with the US on 9 February 2026, just three days before the national parliamentary election. The delegation, led by commerce adviser Sk Bashir Uddin and commerce secretary Mahbubur Rahman, will travel via Japan, where the Bangladesh–Japan Economic Partnership Agreement (BJEPA) will be signed on 6 February. The...
Romania has issued Government Ordinance (GO) No. 1/2026, amending the Fiscal Procedure Code established under Law No. 207/2015, to transpose the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC9, 2025/872). The ordinance was published in the Official Gazette No. 75 on 30 January 2026. The main change in GO No. 1/2026 compared to...
The Czech Republic’s government submitted a draft bill to parliament for review on 5 February 2026, which it approved on 2 February 2026. The bill transposes the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226) and the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC9, 2025/872) into domestic law. The...
Irish Revenue issued eBrief No. 031/26 on 4 February 2026, providing guidance on the Automatic Exchange of Information. This eBrief is to inform customers of changes made to Tax and Duty Manual (TDM) Part 35-01-01a and subsequent changes to TDM Part 38-03-35. Paragraph 3.5.1 on DAC3 has been updated to include the expansion of DAC3...
The OECD has reported that Australia signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 28 January 2026. The agreement is designed to enable the automatic exchange of GloBE Information Returns between tax authorities and to reduce compliance costs for multinational enterprise (MNE) groups by allowing them to submit...