Regulatory Blog

The BVI recently enacted the Mutual Legal Assistance Act 2026. This vital piece of legislation formally aligns local law with the updated Common Reporting Standard approved by the Organisation for Economic Co-operation and Development in June 2023. The 2026 Amendment was Gazetted on 5 March 2026.

The Income Tax (Amendment) Law 2026 was officially published in the Gazette of the Republic of Cyprus on 6 March 2026. The Income Tax Amending Law introduces amendments to the existing Income Tax Law 2002, as amended, with the following key provisions:

The Organisation for Economic Co-operation and Development released its 2025 update to the Model Tax Convention on Income and on Capital on 18 November 2025, introducing significant changes that will reshape the international tax landscape. These updates provide critical guidance on the taxation of cross-border remote work and income from natural resource extraction, aiming to offer greater certainty for governments and businesses alike.

On 19 March 2026, Luxembourg formally adopted DAC8 transposing the Council Directive (EU) 2023/2226 enacting far-reaching tax transparency rules that apply retroactively from 1 January 2026, with first reporting due by 30 June 2027. This law mandates compulsory reporting for a broad spectrum of crypto-asset service providers and imposes significant enhancements on existing financial reporting standards.

On 17 March 2026, the European Commission initiated a public consultation to revise the technical screening criteria under the EU Taxonomy Regulation (Regulation (EU) 2020/852). This framework aims to facilitate sustainable investment by defining criteria for economic activities that contribute to the EU's six environmental objectives: climate change mitigation, climate change adaptation, sustainable use of water and marine resources, circular economy, pollution prevention and control, and biodiversity protection.

On 15 December 2025, Cyprus and Vietnam signed a double tax treaty aimed at avoiding double taxation and preventing fiscal evasion concerning taxes on income.

This guide outlines the critical amendments to the Cayman Islands’ Common Reporting Standard Regulations, introduced by the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025, here. These changes represent a significant shift in the compliance landscape, aligning the jurisdiction with global OECD standards and the new Crypto-Asset Reporting Framework.

The offshore regulatory landscape continues to evolve at a rapid pace, with regulatory bodies in the Cayman Islands and British Virgin Islands introducing updates that reflect the growing global demand for transparency and compliance. As we move into 2026, several critical considerations have emerged for offshore entities, particularly those with ties to the Middle East. This article outlines five key areas that demand attention and offers practical insights for businesses seeking to stay ahead of the curve.

On 17 February 2026, the European Union updated its list of non-cooperative jurisdictions for tax purposes.

Recent amendments to the Cayman Islands' Common Reporting Standard regime have taken effect, introducing significant changes for Financial Institutions. These updates, which align the Cayman Islands with the OECD's global standards, impact everything from compliance deadlines to the scope of reportable assets and have taken effect from 1 January 2026.

On 26 January 2026, Luxembourg’s Directorate of Registration, Estates and VAT (AED) issued Circular No. 792 quater, setting out AML/CFT identification and verification obligations for professionals under its supervision and replacing Circular 792 ter of 28 July 2025.

On 29 January 2026, the British Virgin Islands International Tax Authority released updated lists for the Common Reporting Standard.