Slovenia opens Pillar Two top-up tax returns on eDavki portal

21 May, 2026

FURS has enabled the filing of GloBE-ODPD and GloBE-OPD returns through the eDavki portal, alongside new guidance on top-up tax calculations and error codes under the country’s Pillar Two regime.

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G7 endorses side-by-side package for global minimum tax implementation

21 May, 2026

G7 finance leaders have reaffirmed their support for the global minimum tax framework and called for deeper cooperation on digital economy taxation challenges, with the OECD expected to deliver a progress report by year-end.

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Brazil introduces comprehensive indirect tax reform with new regulations for IBS, CBS

21 May, 2026

Decree 12,955, Resolution CGIBS No. 6, and Joint Ordinance MF/CGIBS No. 7, all issued in late April 2026, lay the operational groundwork for Brazil's sweeping consumption tax overhaul — replacing five legacy taxes with two streamlined value-added taxes and introducing phased implementation through 2033. 

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Taiwan clarifies CFC document extension rules for corporate tax filings

21 May, 2026

Taiwan’s Central District National Taxation Bureau has outlined procedures for profit-seeking enterprises seeking extra time to submit Controlled Foreign Corporation (CFC) supporting documents, warning that delayed submissions could affect the treatment of valuation gains and the carryforward of CFC losses.

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Turkey amends withholding tax rules for nuclear construction projects

21 May, 2026

Turkey has amended withholding tax rules under Presidential Decision No. 11344, lowering the rate on qualifying nuclear construction progress payments to 1% from 1 June 2026.

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Colombia: Court suspends lower withholding tax thresholds under Decree 572

21 May, 2026

Colombia Supreme Administrative Court has provisionally suspended key provisions of Decree 572 of 2025, which introduced changes to income tax withholding (retención) and self-withholding (autorretención), including revised rates and lower application thresholds, pending further judicial review.

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Saudi Arabia: ZATCA urges large establishments to file April VAT returns

21 May, 2026

ZATCA has called on VAT-registered businesses with annual revenues above SAR 40 million to submit their April tax returns by the end of May, warning of penalties for late filing.

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Poland: Sejm amends mandatory disclosure rules, removes reporting for domestic arrangements

21 May, 2026

Poland's lower house of parliament has approved tax reforms that will eliminate domestic tax scheme reporting requirements and introduce automated processes for handling overpayments and minor errors, reducing red tape for taxpayers and businesses across the country. 

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Hong Kong: Government approves Stamp Duty (Amendment) Bill 2026

21 May, 2026

New legislation raises the tax rate to 6.5% for luxury homes exceeding HKD 100 million, with retroactive application from 26 February 2026. 

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Czech Republic proposes key VAT amendments for 2027-28

21 May, 2026

Proposed changes include expanded bad debt relief, lower VAT rates for non-alcoholic beverages, and partial implementation of EU digital VAT directives. 

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