Austria: Draft Budget Accompanying Act 2027–2028 sets out progressive CIT rate

Hong Kong's Legislative Council has passed the Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026 on 17 June 2026, strengthening the AEOI administrative framework with new requirements effective 1 January 2027, including mandatory financial institution registration, enhanced due diligence, and increased penalties.

SARS has issued guidance detailing how in-scope multinational enterprises must submit the GMT01, GMT02 and related tax calculations through eFiling, including filing deadlines, documentation requirements and payment procedures under the Global Minimum Tax framework.

Vietnam’s Department of Taxation has issued guidance on Country-by-Country Reporting obligations, confirming that CbC Reports filed by foreign Ultimate Parent Entities in jurisdictions with activated exchange relationships will be received through the Automatic Exchange of Information mechanism rather than direct submission by taxpayers.

Sri Lanka’s Inland Revenue Department has reminded taxpayers of their VAT and VAT on Financial Services obligations for May 2026, emphasising the importance of timely payments, accurate return filing, and compliance with input tax credit rules to avoid penalties and the loss of eligible tax claims.

Belgium's Federal Public Service Finance has opened a public consultation, running until 3 July 2026, on a draft UTPR top-up tax return form and explanatory guidance for the 2025 assessment year, covering electronic filing, representative agent requirements, and safe harbour reporting under Pillar Two.

The Dutch Tax Administration's Knowledge Group has ruled that exit payments made by departing cooperative members are not capital contributions but taxable business profit, where the payment is linked to the cancellation of a delivery obligation rather than membership status itself.