Monday, April 27, 2026
India’s Minister of Finance, Nirmala Sitharaman, delivered the Union Budget for 2026-27 on 1 February 2026. The proposals aim to relax tax rules for multinational companies, which are expected to bring greater certainty to cross-border transactions. The budget also includes reforms to the safe harbour regime, under which Indian tax authorities accept the arm’s-length pricing...
The US state of California is moving quickly to strengthen vehicle emissions standards and expand electric vehicle (EV) incentives, even as the Trump administration dismantles federal environmental protections. This week, state officials, including Lauren Sanchez, chair of the California Air Resources Board (CARB), are meeting with Detroit automakers in Detroit to discuss the next phase...
The Malta Tax and Customs Administration has issued an explanatory note on 26 January 2026, outlining the Value Added Tax (VAT) obligations for taxi operators using online ride-hailing platforms. The explanatory note clarifies VAT treatment for services provided through digital platforms, including the accounting of VAT on fares, service fees, and commissions charged by platforms....
Italy plans to align its levy on low-value packages with a EUR 3 EU duty, which will become effective on 1 July 2026, Economy Minister Giancarlo Giorgetti said on 29 January 2026. The move targets inexpensive e-commerce imports, especially from Chinese online retailers. Currently, Italy charges EUR 2 on parcels valued up to EUR 150,...
The Luxembourg Administration of Direct Tax has issued Circular L.G.-A No. 60bis/11 on 27 January 2026, providing the reference exchange rates of the euro for the year 2025. The rates, which include both year-end (31 December 2025) and annual average figures, are to be applied for various tax purposes. The Circular covers 30 foreign currencies,...
The OECD has released a statement on the Sixth OECD Global Forum on VAT, held from 26 to 28 January 2026 in Paris, France. The meeting brought together more than 300 representatives from 104 jurisdictions, international organisations, businesses, and other stakeholders to advance international dialogue on efficient, future-ready VAT systems in the context of digital...
El Salvador’s Legislative Assembly enacted Decree No. 498 on 16 January 2026, which took effect on 24 January 2026, with the aim to stimulate the national economy by offering tax incentives to established companies that increase their local productive capacity. To qualify, businesses must have operated in the country for at least 10 years and...
Bangladesh’s National Board of Revenue (NBR) announced a further extension for the submission of income tax returns by individual taxpayers and Hindu Undivided Family (HUF) taxpayers for the 2025–26 tax year on 29 January 2026. According to the notification, the deadline has been extended until 28 February 2026. As 28 February falls on a Saturday,...
The Swedish Ministry of Finance has released a proposal on 27 January 2026, introducing a withholding tax exemption for dividends paid to foreign governments and foreign entities equivalent to Swedish regions, municipalities, or municipal associations. The exemption will apply to dividends paid by Swedish limited liability companies, European companies registered in Sweden, and Swedish investment...
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance has reminded profit-seeking enterprises to declare profit-seeking enterprise income tax using the correct industry code based on their actual economic activities for the year. The announcement is made today, 30 January 2026. The Bureau explained that the industry classification should reflect an enterprise’s primary...