Australia: ATO issues guidance on Pillar Two account, role creation
The Australian Taxation Office has released guidance on 19 May 2026 detailing how multinational enterprises can create Pillar Two accounts for filing Global Minimum Tax returns. Most in-scope entities will...
Read MoreGreece enacts DAC8, DAC9, Pillar Two tax measures
Greece has enacted Law No. 5301/2026, introducing DAC8 and DAC9 reporting rules, confirming the non-deductibility of Pillar Two top-up taxes, and revising VAT, tax ruling, and shipping tax provisions.
Read MoreKenya refines country-by-country reporting rules in Finance Bill 2026
Kenya's Finance Bill 2026 introduces technical amendments to Country-by-Country reporting requirements, clarifying definitions and filing obligations for multinational enterprise groups, with changes set to take effect from 1 July 2027.
Read MoreItaly joins common understanding on Pillar Two GloBE information return filing
Italy has joined an international agreement allowing multinational corporations to file Global Minimum Tax returns through a centralised system, avoiding penalties despite portal delays. The OECD arrangement, published on 18 May 2026, involves 33 countries and provides conditional relief until 31 December 2026.
Read MoreHungary issue global minimum tax reporting guidelines
Hungary's tax authorities have issued detailed technical guidance for multinational enterprises on global minimum tax reporting under the OECD's GloBE Information Return framework. The 13 May 2026 guidance clarifies data submission requirements under DAC9, including XML schema definitions, effective tax rate calculations, and substance-based income exclusions mandated by Ministerial Decree 46/2025.
Read MoreMontenegro ratifies BEPS multilateral instrument, effective September 2026
The OECD confirmed that Montenegro deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 6 May 2026, with the Convention set to enter into force for the country on 1 September 2026.
Read MoreArgentina outlines RIMI registration procedure for SMEs
Argentina has issued General Resolution 5849/2026 setting out the registration and compliance framework for the Regime for the Promotion of Medium-Sized Investments (RIMI), covering investments between USD 150,000 and USD 9 million and granting tax incentives including accelerated depreciation and VAT credit refunds.Â
Read MoreUkraine advances digital platform tax rules with 5% preferential rate for online sellers
 Ukraine has adopted in the first reading draft law No. 15111-d on the taxation of income earned through digital platforms, introducing a DAC7-aligned reporting and tax framework with automatic exchange of information, preferential rates for eligible income, and new compliance obligations for platform operators.
Read MoreChina: Instant tax refunds boost tourist spending
China’s instant tax refunding service for overseas visitors recorded strong growth in inbound consumption over the past year, with applications rising 12.96-fold and both tax-refundable sales and total tax refunds increasing 9.35-fold, according to the State Taxation Administration office on 11 May 2026.
Read MoreAngola extends ICMS tax filing deadline due to system issues
Angola's tax authority has granted a one-week extension for March 2026 ICMS filing obligations following technical problems with its new electronic declaration system.
Read MorePillar Two
Corporate Tax
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Hungary issue global minimum tax reporting guidelines
20 May, 2026
Hungary’s tax authorities released comprehensive guidance on 13 May 2026
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Greece enacts DAC8, DAC9, Pillar Two tax measures
20 May, 2026
Greece has enacted Law No. 5301/2026, introducing new crypto-asset
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Italy joins common understanding on Pillar Two GloBE information return filing
20 May, 2026
The Italian Ministry of Finance confirmed, on 19 May 2026, that Italy has
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Australia: ATO issues guidance on Pillar Two account, role creation
20 May, 2026
The Australian Taxation Office (ATO) has published guidance on Pillar Two
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OECD issues new guidance on Pillar Two global minimum tax compliance
19 May, 2026
The OECD has released crucial administrative guidance to help
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Transfer Pricing
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Kenya refines country-by-country reporting rules in Finance Bill 2026
20 May, 2026
Kenya’s Finance Bill, 2026, introduces significant updates to
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Rwanda establishes formal APA framework under new transfer pricing rulesÂ
19 May, 2026
Rwanda has introduced new transfer pricing rules establishing a clearer
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Moldova: STS introduces electronic transfer pricing information form ahead of June deadlineÂ
19 May, 2026
Moldova’s State Tax Service (STS) has announced the rollout of an
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Colombia revises tax decree, reinforces transfer pricing compliance rules
19 May, 2026
The Colombian Ministry of Finance and Public Credit published a revised
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Italy: Supreme Court exempts certain gratuitous intragroup guarantees from transfer pricing rules
19 May, 2026
Italy’s Supreme Court has clarified the circumstances in which domestic
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Tax Policy
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Montenegro ratifies BEPS multilateral instrument, effective September 2026
20 May, 2026
The OECD announced that Montenegro deposited its instrument of
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China: Instant tax refunds boost tourist spending
20 May, 2026
China's instant tax refunding service for overseas visitors, launched in
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Bolivia: SIN advances digital tax transformation 3.0 through regional collaboration
20 May, 2026
Bolivia's National Tax Service (SIN) announced on 18 May 2026 that it has
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UK: HMRC consults on draft rules for IHT treatment of unused pension funds
20 May, 2026
The UK’s His Majesty’s Revenue and Customs (HMRC) has opened a
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Belgium releases FAQs about the new e-invoicing rules
20 May, 2026
Belgium’s tax authorities have updated the FAQs about e-invoicing. As of
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Tax Treaty
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UK: HMRC consults close company participator reporting
The UK’s HM Revenue & Customs (HMRC) has initiated a public consultation on proposed rules for reporting transactions between close companies
Read MoreOECD: Taxing Wages Report 2025 shows post-tax income rise for single workers in most countries
The OECD has published the Taxing Wages 2025 report on 30 April 2025, highlighting that post-tax incomes increased in almost three-quarters of OECD
Read MoreUS: Texas issues new franchise tax rates, threshold caps for 2026–27
The Texas Comptroller of Public Accounts has released the franchise (margin) tax rates, thresholds, and deduction limits for 2026 and 2027. The tax
Read MorePortugal extends 2025 corporate income tax filing deadline
The Portuguese Tax and Customs Authority has extended the deadline for submitting the annual corporate income tax return (Modelo 22) and the
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