Montenegro: Parliament adopts Pillar Two global minimum tax law

19 March, 2026

New legislation introduces a 15% minimum effective tax rate and a domestic top-up tax while opting out of IIR and UTPR rules due to limited in-scope parent entities.

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EU Commission presents proposal for single set of corporate rules (28th company regime)

19 March, 2026

The European Commission has unveiled its proposal for EU Inc., an optional, digital-by-default corporate framework that would allow companies to incorporate anywhere in the EU within 48 hours for under EUR 100, replacing the need to navigate 27 national legal systems with a single harmonised set of rules.

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Romania gazettes GloBE deferred tax accounting rules

19 March, 2026

Romania's Ministry of Finance has published Order No. 203/2026, finalising accounting rules for constituent entities subject to the global minimum tax under Law 431/2023, requiring deferred tax disclosures in explanatory notes to annual financial statements in line with IAS 12 principles rather than in the formal ledger.

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Hong Kong temporarily suspends profits tax return filings to accommodate system upgrade

19 March, 2026

Hong Kong's Inland Revenue Department is temporarily suspending its electronic profits tax return filing services from 8 PM on 20 March until 31 March 2026 to accommodate a system upgrade, with the new platform set to launch on 1 April 2026 ahead of the bulk issue of 2025/26 returns. 

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Brazil cuts diesel taxes to shield citizens from oil price surge

19 March, 2026

Brazil has rolled out emergency measures to curb surging diesel prices, including eliminating PIS/Cofins taxes and introducing a BRL 0.32 per litre subsidy—targeting a total price cut of BRL 0.64 per litre—alongside export taxes and market controls to stabilise supply amid global oil disruptions. 

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UAE offers 50% non-refundable credit in first phase of R&D tax incentives programme

19 March, 2026

The UAE introduces non-refundable R&D tax credit to boost innovation and private-sector investment.

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Oman: OTA launches Fawtara Platform for e‑invoicing rollout

19 March, 2026

The Oman Tax Authority introduced a centralised system for electronic invoicing, starting phased implementation with large VAT taxpayers from August 2026.

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Bosnia and Herzegovina cuts excise duties on oil to ease market pressure

19 March, 2026

The House of Representatives approved amendments allowing temporary reductions in excise duties on oil products, aiming to reduce economic strain on citizens and businesses amid volatile energy prices.

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Saudi Arabia: ZATCA urges Feb 26 VAT filings, warns of penalties

19 March, 2026

The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged VAT‑registered businesses to submit their returns promptly, cautioning that late filings will trigger financial penalties.

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Poland gazettes DAC8 crypto-asset reporting, DAC9 Pillar Two top-up tax exchange directives

19 March, 2026

Poland has enacted legislation implementing two EU tax directives — DAC8 and DAC9 — bringing new crypto-asset reporting obligations and centralised Pillar Two filing rules into domestic law, with the Act published in the Official Gazette on 17 March 2026. 

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