As a response to an executive order that Biden signed in March, the Treasury Department has developed a framework with other federal agencies for engaging with foreign countries on the regulation of digital assets, including global principles and standards for how digital assets are used and transacted.
The framework aims to take an interagency approach in order to protect consumers, investors and businesses to maintain the safety and soundness of the global financial and monetary system, while also promoting access to safe and affordable financial services and supporting technological advances.
A&M Managing Director Chris Kotarba speaks with Accounting Today on the various ways this proposed legislation could affect digital asset taxation and the likelihood that it will pass.
MIDDLE EAST TAX ALERT | UAE | UAE Electronic Invoicing Guidelines – February 2026 Regulatory Clarifications and Technical Implementation Framework
February 25, 2026
New UAE e-Invoicing guidance moves the regime from policy to prescriptive, enforcement-backed execution. VAT logic, transaction classification and reporting controls must now be embedded directly within invoice data at source.
Organisations that mobilise early will be best positioned to achieve compliant, controlled implementation.
IRS Issues Notice 2026-15 , First Guidance on Prohibited Foreign Entity Rules for Energy Tax Credits
February 24, 2026
Notice 2026-15: IRS guidance on prohibited foreign entity rules for energy tax credits, providing a compliance framework for PFE material assistance rules.
IRS Provides Practical Roadmap for 100% Depreciation of Qualified Production Property (Notice 2026-16)
February 23, 2026
On February 20, 2026, Treasury and the IRS released Notice 2026-16, providing interim guidance on the new 100% special depreciation allowance for qualified production property (QPP) under Internal Revenue Code §168(n).
