Italy: Supreme Court exempts certain gratuitous intragroup guarantees from transfer pricing rules
Italy's Supreme Court has ruled that subsidiaries are not required to charge parent companies for providing financial guarantees when legitimate economic reasons exist, rejecting the Revenue Agency's attempt to impose...
Read MoreRwanda establishes formal APA framework under new transfer pricing rulesÂ
Rwanda has implemented new transfer pricing regulations through Ministerial Order No. 003/26/10/tc of 29 April 2026, introducing a formal framework for Advance Pricing Agreements and replacing the 2020 rules that ceased application in October 2023.
Read MoreMoldova: STS introduces electronic transfer pricing information form ahead of June deadlineÂ
Taxpayers with affiliated transactions exceeding MDL 20 million must now use the new digital platform in the Electronic Declaration system to submit Transfer Pricing Information for 2025, with the deadline set for 25 June 2026. The State Tax Service has also provided alternative submission methods for those needing to correct or file late returns for the 2024 fiscal period.Â
Read MoreColombia revises tax decree, reinforces transfer pricing compliance rules
The Colombian Ministry of Finance and Public Credit published a revised version of Decree No. 1625 of 2016 on 8 May 2026, consolidating Colombia’s tax regulations including income tax, VAT, withholding tax, transfer pricing, and the SIMPLE regime. It also updates rules on key regimes, incentives, compliance procedures, electronic invoicing, and reporting requirements covering RTE, PES, ZOMAC, Obras por Impuestos, and related administrative tax processes.
Read MoreOECD issues new guidance on Pillar Two global minimum tax compliance
The OECD has introduced relief measures for multinational corporations filing Global Minimum Tax returns, allowing central filing in any of 33 operationally ready jurisdictions while waiving local penalties if deadlines are met. The guidance, published on 18 May 2026, addresses coordination challenges ahead of the 30 June 2026 filing deadline and updates qualification records to include four new jurisdictions implementing the 15% minimum tax framework.Â
Read MoreRomania simplifies RO e-Invoice system for small businesses, individuals
Romania's Ministry of Finance has backed amendments to simplify the RO e-Invoice system, exempting individuals using personal identification codes, small-scale farmers, and foreign cultural institutes from mandatory electronic invoicing requirements while maintaining digitalisation goals.
Read MoreItaly opens additional tax credit for Southern investment zone companies
The Revenue Agency approved tax code 7041 for businesses seeking to claim supplementary relief on 2025 capital investments made in Southern Italy's Special Economic Zone.
Read MoreHong Kong: Legislative Council to consider Stamp Duty (Amendment) Bill 2026
Hong Kong's Legislative Council will convene on 20 May 2026 to resume the Second Reading debate on the Stamp Duty (Amendment) Bill 2026. The meeting will also feature motions on strengthening Hong Kong's role as an offshore Renminbi business hub and increasing average living space in the Northern Metropolis to create a more livable metropolitan area.
Read MoreAustria consults parcel tax for large online retailers under draft bill
The Austrian Ministry of Finance has initiated a consultation on a draft bill introducing a parcel tax on domestic deliveries from online shopping, aimed at supporting planned VAT reductions on selected food items and encouraging more sustainable purchasing patterns. The consultation period runs from 11 May 2026 to 26 May 2026.
Read MoreUkraine updates military levy rules, extends duration, clarifies budget allocation
Ukraine extends military levy application period under Tax Code amendments Ukraine extends the military levy period to three years after martial law under Law No. 4835-IX.
Read MorePillar Two
Corporate Tax
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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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Italy finalises fuel relief package with extended tax cuts, transport subsidies
19 May, 2026
Italy’s government has finalised its fuel decree with the publication of
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Italy opens additional tax credit for Southern investment zone companies
19 May, 2026
Companies that invested in capital goods within Southern Italy's Special
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UAE: FTA says over 68,000 benefited from corporate tax penalty waiver initiative
19 May, 2026
The UAE Federal Tax Authority (FTA) has announced, on 14 May 2026, that
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Singapore updates tax relief and objection guidance
19 May, 2026
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance
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Transfer Pricing
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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
Read More -
Colombia revises tax decree, reinforces transfer pricing compliance rules
19 May, 2026
The Colombian Ministry of Finance and Public Credit published a revised
Read More -
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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Australia: ATO announces first public CbC report deadlineÂ
18 May, 2026
The Australian Taxation Office (ATO) has issued a notice on 15 May 2026,
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Tax Policy
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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
Read More -
Nigeria: NRS announces the implementation of taxpayer identification (Tax ID)
19 May, 2026
The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue
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Romania simplifies RO e-Invoice system for small businesses, individuals
19 May, 2026
Romania’s Ministry of Finance announced on 18 May 2026 that it has
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Taiwan: Tax Bureau clarifies residence day rules for foreign taxpayers
19 May, 2026
Taiwan’s Beidou Office, National Taxation Bureau of the Central Area,
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South Africa consults Customs Act amendments
19 May, 2026
The South African Treasury has released draft amendments on 15 May 2026
Read More
Tax Treaty
Most Read
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 MoreCountries move into Pillar Two filing phase as first compliance deadlines approach
Tax authorities across several jurisdictions are accelerating the rollout of compliance systems for the OECD’s Pillar Two global minimum tax
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
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