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KPMG Week in Tax: February 9 – 13, 2026

Recent tax developments from around the globe for the week of February 9 – 13, 2026

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february 16, 2026

KPMG Week in Tax—published weekly to provide an overview of tax developments as reported in TaxNewsFlash—includes summaries of select tax-related news followed by a full list of reports (more information can be found at the links provided).

  • United States: The IRS has issued interim guidance (Notice 2026-15) clarifying restrictions on energy credits under sections 45X, 45Y, and 48E when facilities or components receive material assistance from prohibited foreign entities, including rules for calculating the material assistance cost ratio and safe harbors. Taxpayers may rely on these rules until comprehensive regulations and new safe harbor tables are published, with comments requested by March 30, 2026. Read TaxNewsFlash
  • Barbados: The deadline for the first Pillar Two registrations for all multinational enterprise (MNE) groups with a tax year ending December 31, 2024, has been extended from December 31, 2025, to March 6, 2026. Read TaxNewsFlash
  • EU: The EU Council has approved new customs duty rules eliminating the exemption for parcels under €150, introducing a €3 flat rate per item category for small parcels starting July 1, 2026, to address unfair competition from non-EU sellers. The interim measure will remain until the EU customs data hub is operational in 2028. Read TaxNewsFlash

United States

  • Notice 2026-15: Interim guidance on restrictions to energy credits under sections 45X, 45Y, and 48E if material assistance from prohibited foreign entity
  • Rev. Proc. 2026-13: Insurance companies, unpaid loss discount factors for 2025 accident year
  • KPMG report: Final updated instructions for Form 6765, “Credit for Increasing Research Activities”
  • KPMG report: Michigan R&D credit
  • KPMG report: U.S. state and local tax changes affecting 2025 tax obligations of partnerships

Read TaxNewsFlash-United States

Transfer Pricing

  • Barbados: Extension of deadline for first Pillar Two registrations
  • Belgium: Advance payments of income inclusion rule (IIR) top-up tax must be made at entity level
  • China: Implementation rules for transfer pricing administration (Macau)
  • EU: EC launches infringement procedures for failure to transpose DAC9 and DAC8
  • Germany: Pillar Two tax return forms
  • India: Draft rules amending transfer pricing safe harbor regime
  • India: Draft rules updating transfer pricing reporting, advance pricing agreement (APA) program, block transfer pricing assessments
  • Ireland: Finance Act 2025 enacted, includes Pillar Two and CbC amendments, implementation of DAC8
  • Israel: Pillar Two global minimum tax rules approved by Parliament
  • Italy: Pillar Two tax return forms
  • Norway: Amendments to Pillar Two rules
  • Switzerland: Clarifications on GIR filing and notification requirements
  • Türkiye: Increased transfer pricing audits
  • Uruguay: Budget 2025-2029 enacted, including Pillar Two minimum tax

Read TaxNewsFlash-Transfer Pricing

FATCA / IGA / CRS

  • Australia: Updates to FATCA small reporter tool and TIN validation rules
  • Canada: Updated FATCA and CRS self-certification forms
  • Switzerland: Transition to Model 1 FATCA IGA delayed until 2028

Read TaxNewsFlash-FATCA / IGA / CRS

Trade & Customs

  • EU: New customs duty rules for small parcels in e-commerce
  • U.S. academic institution agrees to pay $1.72 million for apparent violations of counternarcotics sanctions
  • U.S. House passes joint resolution to lift tariffs on Canada
  • U.S. proposed rule requiring advance submission of electronic export manifest (EEM) information
  • U.S. Senators introduce bill to change computation of import duties
  • United States and Bangladesh sign reciprocal trade agreement
  • United States and North Macedonia agree to framework for reciprocal trade
  • United States and Taiwan sign agreement on reciprocal trade
  • United States increases beef import quota
  • United States establishes process to impose tariffs on countries that trade with Iran
  • United States removes additional tariffs on imports from India, reaches framework for interim trade agreement

Read TradeNewsFlash-Trade & Customs

Africa

  • Botswana: Tax proposals in 2026-2027 budget
  • South Africa: Tax authority confirms multi-year e-invoicing and digital reporting reform

Read TaxNewsFlash-Africa

Americas

  • Barbados: Extension of deadline for first Pillar Two registrations
  • Central America and the Caribbean: Tax developments in Costa Rica, Guatemala, Dominican Republic, Honduras, and Nicaragua
  • Colombia: Guidance on calculation and payment of single-use plastics tax
  • Colombia: New tax measures possible following declaration of economic, social, and ecological emergency
  • Uruguay: Budget 2025-2029 enacted, including Pillar Two minimum tax
  • Uruguay: Income tax treaty with Qatar signed
  • Uruguay: Updates to tax incentive regime for investment

Read TaxNewsFlash-Americas

Asia Pacific

  • China: Implementation rules for transfer pricing administration (Macau)
  • Georgia: Exemption for certain dividends paid by non-financial institutions; VAT exemption for investment gold
  • Georgia: Updated consolidated position for MLI
  • India: Draft rules amending transfer pricing safe harbor regime
  • India: Draft rules updating transfer pricing reporting, advance pricing agreement (APA) program, block transfer pricing assessments
  • Israel: Pillar Two global minimum tax rules approved by Parliament
  • Kazakhstan: Atyrau special economic zone established
  • Kazakhstan: Platform reporting requirements effective January 1, 2026
  • Malaysia: Tax developments summary (February 2026)
  • Türkiye: Increased transfer pricing audits

Read TaxNewsFlash-Asia Pacific

Europe

  • Albania: Income tax treaty with Luxembourg enters into force
  • Belgium: Advance payments of income inclusion rule (IIR) top-up tax must be made at entity level
  • Czech Republic: Guidance on recent VAT amendments
  • Denmark: Business conversion between related parties may be reclassified from tax-free to taxable within extended six-year period (Supreme Court decision)
  • Denmark: Tax incentives for electric vehicles and biofuels
  • EU: EC launches infringement procedures for failure to transpose DAC9 and DAC8
  • EU: New customs duty rules for small parcels in e-commerce
  • EU: Public consultation on DAC recast proposal
  • France: Luxembourgish holding company treated as French tax resident (Court of Appeal decision)
  • France: New temporary small parcel tax effective March 1, 2026
  • Germany: Pillar Two tax return forms
  • Hungary: One-time surtax for energy suppliers
  • Ireland: Finance Act 2025 enacted, includes Pillar Two and CbC amendments, implementation of DAC8
  • Italy: Pillar Two tax return forms
  • Latvia: Tax measures adopted in 2026 budget
  • Luxembourg: Amending protocol to Vietnam income tax treaty ratified
  • Moldova: Tax guide 2026
  • Norway: Amending protocol to income tax treaty with Qatar enters into force
  • Norway: Amendments to Pillar Two rules
  • Norway: Tax measures in enacted 2026 budget bill
  • Poland: Offsetting of tax losses within group; qualification for dividend tax exemption; VAT exemption for medical services (Supreme Administrative Court decisions)
  • Poland: Tax amendments including changes to reporting of tax arrangements passed by Council of Ministers
  • Romania: Implementation of DAC8; guidance on special VAT scheme for small enterprises; measures related to logistics tax
  • Switzerland: Clarifications on GIR filing and notification requirements
  • Switzerland: Income tax treaty with Jordan enters into force; protocol to income tax treaty with Belgium approved
  • Türkiye: Increased transfer pricing audits
  • Ukraine: Increased corporate tax rate for banks, extended VAT exemptions for energy-generating equipment

Read TaxNewsFlash-Europe

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