New Zealand simplifies business tax compliance in 2026 Budget

Croatia has implemented OECD Pillar Two rules through Ordinance No. 665, published on 22 May 2026, requiring multinational and large domestic groups to designate a reporting entity and file supplementary tax returns using standardised forms within 15 to 18 months after fiscal year-end. The ordinance establishes joint and several liability across all local entities and grants the Tax Administration enforcement powers over unpaid obligations.

Hungary's tax authority has expanded Form 24GLBADO to consolidate reporting of global minimum tax payments and declarations. With the 2024 tax year treated as transitional, businesses have until 30 June 2026 to file final declarations—three months longer than the standard 15-month deadline.

In a 22 May 2026 update, the Inland Revenue Board published Frequently Asked Questions on the implementation of the Global Minimum Tax (GMT) in Malaysia Version 8.0, which addresses critical implementation questions affecting multinational enterprises.

Germany’s Ministry of Finance has published the draft Annual Tax Act 2026, proposing a broad package of technical tax amendments designed to align domestic legislation with EU law, European Court of Justice rulings, Federal Fiscal Court decisions, and ongoing digitalisation and bureaucracy reduction initiatives. 

Irish Revenue has published new guidance covering the filing of Top-up Tax Information Returns (TIRs) under Pillar Two, alongside a separate manual outlining filing and payment obligations for Income Inclusion Rule (IIR), Undertaxed Profits Rule (UTPR) and Qualified Domestic Top-up Tax (QDTT) returns. 

The proposals include an enhanced earned income tax credit for working seniors, a tax exemption for certain skills support benefits and the indexation of the R&D deduction ceiling, with all measures scheduled to take effect on 1 January 2027.