Canada: 2025 Budget Implementation Act overhauls transfer pricing rules, scraps digital services tax 

The Cyprus Tax Department grants taxpayers an additional month to file their 2023 corporate income tax returns without incurring penalties, extending the effective deadline from 31 March to 30 April 2026 for entities with audited accounts.

Qatar's General Tax Authority has issued formal clarifications on the scope of capital gains tax, including details of an intra-group restructuring exemption designed to streamline asset transfers, support company listings on the Qatar Stock Exchange, and foster a more attractive investment environment. 

Russia’s Government Resolution No. 305 updates reporting rules for resident legal entities on foreign accounts and electronic payment instruments. From 1 April, reports must be submitted quarterly, with exemptions for foreign banks and consolidated filings by multinational groups.

Spain’s Tax Agency has outlined the key tax measures of Royal Decree-Law 7/2026, including temporary VAT cuts, energy tax reductions, extended deductions for energy efficiency and electric vehicles, and corporate tax incentives to mitigate the impact of the Middle East crisis.

The OECD and African Tax Administration Forum have wrapped up a series of joint workshops training tax officials from 17 African countries on the Inclusive Framework's simplified transfer pricing approach for baseline distribution activities, as the region looks to reduce disputes and strengthen domestic revenue collection.

Italy's tax authorities have issued updated guidance on a voluntary flat-rate substitute tax that allows controlling entities to pay 15% on the net accounting profits of qualifying foreign subsidiaries, offering a simplified compliance alternative to standard calculations for entities with significant passive income and certified financial statements.