Russia reminds organisations to file 2025 CFC notifications
Russia has reminded organisations that the deadline to submit notifications on controlled foreign companies (CFCs) for 2025 expires on 20 March 2026. This announcement was made on 4 March 2026. A CFC notification must be filed regardless of
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Canada, Kosovo begin income tax treaty talks
According to a statement from Kosovo’s Ministry of Industry, Entrepreneurship, and Trade, representatives from Kosovo met with the Ontario Chamber of Commerce on 5 March 2026 to discuss investment opportunities and strengthening economic
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Brazil enacts income tax treaty with Poland
Brazil has issued Decree No. 12.865, dated 2 March 2026, promulgating the income tax treaty with Poland. Signed on 20 September 2022, the agreement aims to prevent double taxation and tax evasion. The decree entered into force on 3 March 2026
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Ukraine: Parliament withdraws draft law on online platform income tax
Ukraine’s parliament has withdrawn draft Law No. 14025 on the taxation of income earned by individuals from selling goods or providing services through online platforms, after it failed to secure sufficient votes. A 5% individual income tax was
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Montenegro: Parliament ratifies income tax treaty with Liechtenstein
Montenegro’s Parliament approved the law ratifying the income and capital tax treaty with Liechtenstein on 27 February 2026. Liechtenstein and Montenegro signed an income and capital tax treaty on the sidelines of the 80th session of the UN
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Russia proposes overhaul of individual income tax with new progressive brackets
Russia’s Parliament has put forward a draft federal law aiming to restructure the country’s personal income tax (PIT) system. Under Draft Law No. 1160313‑8 on 25 February 2026, the reform would exempt low-income individuals from taxation
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Montenegro: Parliament revises VAT law
Montenegro’s parliament has approved amendments to the Value Added Tax Law, published in Official Gazette No. 12/2026 on 6 February 2026. From 1 April 2026, sales of construction land with a building permit will be subject to VAT. Foreign
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Russia: MoF proposes tax changes to ease SME transition in 2026
The Russian Ministry of Finance (MoF) has submitted amendments to the Tax Code aimed at helping small and medium-sized enterprises (SMEs) adapt to the tax changes that took effect in 2026. The Tax Code is proposed to be supplemented with the
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OECD: Croatia, Moldova, Peru sign addendum to CRS MCAA
According to an OECD update published on 3 March 2026, three new jurisdictions have joined the Common Reporting Standard framework by signing the addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account
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Belarus, Togo to fast-tracking negotiations for income tax treaty
The Belarusian Ministry of Foreign Affairs reported that Belarusian and Togolese officials met on 2 March 2026 to discuss bilateral cooperation. Both parties agreed to strengthen efforts to enhance the legal framework for collaboration, prioritising
See MoreRussia considers one-time tax on bank windfall profits
Russia is considering a one-time windfall tax on banking sector profits, following a bill submitted to the State Duma. The initiative, filed under Bill No. 1162521-8, was published in the chamber’s electronic database. The excess profits for
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Ukraine: MoF consults draft anti-tax avoidance law
Ukraine’s Ministry of Finance (MoF) has launched a public consultation, on 24 February 2026, on the Draft Law “On Amendments to the Tax Code of Ukraine regarding the implementation of rules to counter tax avoidance practices that directly affect
See MoreMontenegro: Parliament approves Pillar Two global minimum tax
The Parliament of Montenegro approved the Global Minimum Corporate Tax Law on 27 February 2026, introducing a 15% minimum effective tax rate for large multinational groups operating in the jurisdiction. The legislation aligns Montenegro’s tax
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Luxembourg: Parliament approves tax treaty protocol with Georgia
Luxembourg’s parliament has approved the law ratifying the amending protocol to the 2007 income and capital tax treaty between Luxembourg and Georgia. The Council of State voted on 25 February 2026 to waive the second constitutional vote,
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Latvia ratifies income tax treaty with Liechtenstein
Latvia enacted a legislation on 26 February 2026 to ratify its first income and capital tax agreement with Liechtenstein. The two countries signed this treaty on 2 October 2025. The agreement applies to Latvia’s enterprise income tax, personal
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UK: HMRC updates guidance on qualified IIR, QDMTT jurisdictions
UK’s Tax Authority, HM Revenue & Customs (HMRC) has issued an updated notice specifying jurisdictions with a qualified income inclusion rule (IIR) and/or a qualifying domestic top-up tax (QDMTT) that meets safe harbour standards. The
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Georgia introduces reporting obligations for international controlled transactions exceeding GEL 500,000
Georgia has issued Order No. 52 of 24 February 2026, in the Official Gazette, establishing a new annual obligation to report information on international controlled transactions. The order introduces a mandatory reporting requirement for entities
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Ukraine: MoF consults transfer pricing reform bill
Ukraine’s Ministry of Finance (MoF) opened a public consultation on a draft law titled “On Amendments to the Tax Code of Ukraine Regarding Further Improvement of Transfer Pricing Rules” on 24 February 2026. The draft was prepared with the
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