Australia: ATO reminds MNEs of Pillar Two lodgment deadline

Norway's Parliament has mandated digital bookkeeping and e-invoicing for all businesses subject to accounting obligations under the Accounting Act of 17 July 1998 No. 56, with implementation deadlines set for 1 January 2027 and 1 January 2030. Businesses with annual turnover below NOK 50,000 are exempt from the digital bookkeeping requirement.

The EU and Korea (Rep.) signed a landmark Digital Trade Agreement on 10 June 2026, establishing high-standard rules for digital trade and complementing their 2011 Free Trade Agreement. The deal enables electronic contracts, facilitates cross-border data flows, and prohibits mandatory source code transfer while maintaining data protection standards. EU ratification requires European Parliament consent.

Hong Kong's government announced an Action Plan on 9 June 2026 to promote corporate treasury centres, using a "4T" framework covering tax reform, double taxation agreements, targeted promotion, and talent development. 

A federal appeals court on 11 June 2026 reinstated enforcement of the Trump administration's 10% global import surcharge, overriding the US Court of International Trade's May ruling that struck down the duty as unlawful under Section 122 of the Trade Act of 1974. 

Malta's Tax and Customs Administration has confirmed that income tax returns for the year of assessment 2026, including returns for individuals, partnerships, trusts and certain entities, must be filed by 31 July 2026, with any tax due payable by the same date.

IRD has issued a formal notice detailing sweeping changes to the Inland Revenue Act No. 24 of 2017, following the enactment of the Amendment Act No. 11 of 2026. The modifications introduce stricter regulations on cash transactions, expanded withholding tax categories for professionals, revised capital gains tax rates, and interest waiver for taxpayers who settle outstanding principal debts by December 2026.