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KPMG Week in Tax: April 13 – 17, 2026

Recent tax developments from around the globe for the week of April 13 – 17, 2026

April 20, 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).

  • Malta: The Budget Measures Implementation Act, 2026 introduces a 175% income tax deduction for qualifying research and development (R&D) expenditures. Additionally, it establishes new VAT registration rules for non-Maltese entities and implements open market value requirements for related-party transactions. Read TaxNewsFlash
  • Switzerland: The Federal Tax Administration established specific effective dates for applying five OECD Pillar Two safe harbor rules and issued interim compliance instructions regarding deferred tax assets. Final tax assessments involving these assets will be paused until the Federal Council rules on pending amendments. Read TaxNewsFlash
  • United States: Proposed regulations would increase the business payment information reporting threshold to $2,000 and reduce the deductible percentage of wagering losses to 90%, effective after 2025. These changes reflect updates from the “One Big Beautiful Bill Act,” with public comments and hearing requests due by June 16, 2026. Read TaxNewsFlash

United States

  • Proposed regulations: Increase in Form 1099 reporting threshold; change in limitation on wagering losses
  • Rev. Proc. 2026-19: Foreign insurance companies; effectively connected net investment income (2025)
  • IRS announces tax relief for taxpayers affected by severe winter storm in Mississippi

Read TaxNewsFlash-United States

Transfer Pricing

  • Kuwait: Guidance on application of 5% tax retention rules to taxpayers within scope of DMTT
  • Malta: Updated guidance on Pillar Two rules, including delayed application of IIR and UTPR
  • OECD: Report to G20 Finance Ministers and Central Bank Governors, recent developments in international tax cooperation
  • Switzerland: Guidance on application of Pillar Two side-by-side package

Read TaxNewsFlash-Transfer Pricing

FATCA / CRS / CARF

  • Canada: Temporary relief for partnerships subject to CRS obligations
  • Channel Islands: Updated CRS 2.0 guidance (Jersey)
  • France: Updated CRS guidance on “Control 29 rule”
  • India: Implementation of CRS 2.0
  • Ireland: Updated list of reportable jurisdictions for CARF
  • Luxembourg: Guidance on cryptoasset reporting framework (CARF)

Read TaxNewsFlash-FATCA / CRS / CARF

Trade & Customs

  • EU: Anti-dumping duties on imports from Bahrain, Egypt, Thailand, and Brazil
  • U.S. BIS reaches settlement with manufacturer for export control violations
  • U.S. CBP introduces new automated tool for IEEPA duty refunds

Read TradeNewsFlash-Trade & Customs

Africa

  • Morocco: Nonresident remote services providers required to register for VAT effective June 2026

Read TaxNewsFlash-Africa

Asia Pacific

  • Australia: Consultation on draft legislation to strengthen capital gains tax rules for foreign residents
  • Hong Kong: First advance ruling on ship leasing tax concession
  • India: Buy-back of shares is not taxable "receipt of property" under section (High Court decision)
  • Kazakhstan: Amendments to VAT declaration form
  • Kuwait: Guidance on application of 5% tax retention rules to taxpayers within scope of DMTT
  • Malaysia: Tax developments summary (April 2026)
  • Qatar: New excise taxes on sweetened beverages; new excise tax warehouse licensing service
  • Sri Lanka: Importation and supply of fabric subject to 18% VAT rate
  • Vietnam: Strengthening direct and indirect tax audits in 2026 for long-term loss-making and low-margin enterprises

Read TaxNewsFlash-Asia Pacific

Europe

  • Cyprus: Low-tax jurisdictions for tax year 2026
  • Czech Republic: Guidance on procedures following expiration of tax assessment period
  • Czech Republic: Proposed tax measures to mitigate rising fuel prices, clarify application of new electronic sales registration system (EET 2.0)
  • Malta: Tax measures in 2026 budget enacted
  • Malta: Updated guidance on Pillar Two rules, including delayed application of IIR and UTPR
  • Poland: Proposed legislation implementing ViDA; other tax developments
  • Switzerland: Guidance on application of Pillar Two side-by-side package
  • UK: Consultation on carbon border adjustment mechanism (CBAM) regulations
  • Ukraine: Proposed digital platform reporting and withholding tax requirements approved by Cabinet of Ministers

Read TaxNewsFlash-Europe

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