Illinois DOR: 2026 Tax Processing Season Webinar Recordings Available
The Illinois Department of Revenue (IDOR) has made webinar recordings available for the 2026 tax processing season. These recordings cover topics such as Modernized E-File, Illinois Secure Choice, and various income and sales tax updates. The announcement also includes a scam alert regarding fraudulent communications impersonating IDOR.
HMRC SME Action Plan 2025-2028
HM Revenue and Customs (HMRC) has published its SME Action Plan for 2025 to 2028. The plan outlines government support for small and medium-sized enterprises, focusing on reducing barriers and increasing opportunities for them to engage with public sector supply chains. It sets out procurement spend targets and actions to enhance SME participation.
IRS Tax Credit Reporting Relief for 2023-2025
The IRS is providing reporting relief for Forms 3468 and 8835 for tax years 2023-2025. Taxpayers with over 200 forms can submit a single aggregated form with an attached PDF detailing each facility/property, addressing concerns about data import limitations under the Inflation Reduction Act.
Singapore-Taipei Tax Agreement Enters Force, Lowers Withholding Tax
Singapore and Taipei have entered into a new tax agreement that lowers withholding tax rates on cross-border income flows. This agreement, effective February 13, 2026, replaces a 1982 agreement and aims to enhance bilateral trade and investment.
IRAS Raids Over 20 Locations for GST Refund Fraud
The Inland Revenue Authority of Singapore (IRAS) conducted island-wide raids at over 20 locations, arresting one suspect and seizing evidence related to suspected Goods and Services Tax (GST) refund fraud. The operation targeted schemes involving fictitious purchases and inflated transactions, with businesses across Logistics and Wholesale Trade identified.
Singapore IRAS: Direct Tax Bills for 1 Million Taxpayers
The Inland Revenue Authority of Singapore (IRAS) will issue direct tax bills to approximately 1 million taxpayers starting mid-March 2026 under the Direct Notice of Assessment initiative. This aims to simplify the tax process for most individuals, who will no longer need to file a tax return. The notice also highlights that over $5 million in penalties were collected for late and non-payment for the previous tax year.
Singapore Cambodia Double Taxation Agreement Protocol Enters Force
Singapore and Cambodia's Second Protocol to their Double Taxation Agreement has entered into force on March 6, 2026. The protocol amends the agreement to incorporate Base Erosion and Profit Shifting standards and includes a new Article 28 on Entitlement of Benefits.
Mandatory GST InvoiceNow for All Businesses by April 2031
Singapore's Inland Revenue Authority (IRAS) will mandate all GST-registered businesses to use the InvoiceNow e-invoicing network by April 2031. This phased rollout, starting April 2028, aims to increase productivity and improve tax compliance through digital invoice submission. Transitional funding will be provided to offset onboarding costs.
Congress Must Authorize Section 122 Tariffs Under Trade Act
This analysis from the Tax Foundation argues that Congress must authorize tariffs imposed under Section 122 of the Trade Act, following a Supreme Court ruling. The article suggests that if Congress does not vote to approve these tariffs, they will expire after 150 days, potentially leading to a refreshing debate on trade policy.
Tax Policy to Lower Housing Costs by Expensing Residential Structures
The Tax Foundation proposes that policymakers consider expensing for residential structures as a federal tax policy to address housing supply shortages. This policy would allow developers to immediately deduct the cost of building new housing, contrasting with current law which requires deductions over 27.5 years.
Dividend Tax Rates in Europe
The Tax Foundation's analysis of dividend tax rates in 35 European countries for 2025 shows Ireland with the highest top rate at 51%, followed by Denmark at 42% and the UK at 39.35%. Estonia, Latvia, and Malta are noted as not levying dividend taxes.
NH Tax Amnesty Program Recovers $103.8M
The New Hampshire Department of Revenue Administration announced its 2026 Tax Amnesty Program generated $103.8 million in recovered tax revenue, exceeding its goal. The program offered eligible taxpayers a one-time opportunity to pay outstanding taxes without penalties and with a 50% reduction in interest.