KPMG Week in Tax: March 9 – 13, 2026

Recent tax developments from around the globe for the week of March 9 – 13, 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).

Australia: Updated guidance on how the Pillar Two global and domestic minimum tax rules work and its interactions with Australia's existing corporate tax system covers (1) joint arrangements and global anti-base erosion (GloBE) joint ventures, and (2) foreign income tax offset (FITO) claims. Read TaxNewsFlash
EU: The European Commission has referred Spain to the Court of Justice of the European Union (CJEU) and requested financial sanctions because Spain has not implemented mandatory value added tax (VAT) directives affecting SME regimes, digital/streamed services, and special schemes for second‑hand goods, art, and collectibles. Read TaxNewsFlash
United States: The U.S. Tax Court confirmed that a final partnership adjustment notice was valid and timely even when there were address and representative designation errors, as long as the partnership effectively received notice and participated in the audit. Read TaxNewsFlash
United States: The USTR has initiated Section 301 investigations into 60 economies for failing to prohibit and enforce bans on imports made with forced labor, with comments due April 15 and hearings starting April 28, 2026. Read TradeNewsFlash

United States

Proposed regulations: Guidance on tax-exempt refunding bonds
U.S. Tax Court: Notice of final partnership adjustment was timely and valid
U.S. Treasury release: No change to list of countries cooperating with international boycott
KPMG article: 2026 World Cup highlights complexities of applying international tax agreements in international sports

Read TaxNewsFlash-United States

Transfer Pricing

Australia: ATO updates advice on Pillar Two rules
Moldova: Amendments to transfer pricing documentation rules
Poland: Issues relating to VAT, withholding tax, taxpayer’s right to interest on overpayments when initiating APA procedure (Supreme Administrative Court decisions)
Romania: Implementation of DAC9

Read TaxNewsFlash-Transfer Pricing

FATCA / CRS / CARF

Channel Islands: Guidance on common errors in 2024 FATCA and CRS reporting (Jersey)
Channel Islands: Updated FATCA and CRS practical guides (Jersey)
France: Updated FATCA technical guidance
Hong Kong: Updated version of encryption tool for data files
Malta: Updated AEOI guidance

Read TaxNewsFlash-FATCA / CRS / CARF

Trade & Customs

U.S. CBP provides update on IEEPA duty refund process
USTR initiates Section 301 investigations for failure to prohibit import of goods produced with forced labor
USTR initiates Section 301 investigations on structural excess capacity and production in manufacturing sectors

Read TradeNewsFlash-Trade & Customs

Asia Pacific

Australia: ATO updates advice on Pillar Two rules
Australia: Enhancement of stamp duty concession in 2026-2027 budget (Western Australia)
Australia: Guidance expanding critical mineral processing tax incentive
Malaysia: Tax developments summary (March 2026)
Mongolia: Tax reform package submitted to Parliament
New Zealand: Amendments to August tax bill
Pakistan: Draft e-invoicing rules; revised fair market valuations of immovable property
Türkiye: Increased special consumption taxes on petroleum, tobacco, and alcohol; increased customs taxes on low-value imports, medicines, and dietary supplements

Read TaxNewsFlash-Asia Pacific

Europe

Czech Republic: Guidance on application of VAT to immovable assets
Czech Republic: Overview of tax legislation valid in 2026
Czech Republic: Proposed amendments to electronic sales reporting system
Czech Republic: Tax authority discussion paper on claiming VAT deduction in previous tax period through additional VAT return after receiving tax document
Czech Republic: Taxpayer must prove temporal connection between claimed expenses and relevant tax period (Supreme Administrative Court decisions)
EU: CJEU referral of Spain for failure to transpose two VAT directives
EU: Retroactive withholding tax exemptions under Interest and Royalties Directive (CJEU judgment)
Italy: New guidance on recovery of input VAT on SPV transaction costs in merger levered buyout
Italy: Taxpayer has right to claim VAT refund directly from Treasury when customer involved in extended insolvency proceedings (Supreme Court decision)
Malta: Excise duty on nicotine pouches
Malta: Extension of tax and duty relief on transfers of immovable property
Moldova: Amendments to transfer pricing documentation rules
Moldova: Proposed additional increase in VAT registration threshold
Poland: General ruling on reduced excise duty rates for "mild hybrids"
Poland: Issues relating to VAT, withholding tax, taxpayer’s right to interest on overpayments when initiating APA procedure (Supreme Administrative Court decisions)
Romania: Implementation of DAC9
Türkiye: Increased special consumption taxes on petroleum, tobacco, and alcohol; increased customs taxes on low-value imports, medicines, and dietary supplements

Read TaxNewsFlash-Europe

Other publications

The items described above are also reported as editions of TaxNewsFlash:

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