Australia updates guidance on R&D tax incentive eligibility for associated foreign corporations

The Republic of Srpska has published a broad package of economic, social, energy and administrative measures, including pension adjustments, family support, public investment initiatives, new energy concessions, electricity licences and ministerial regulations. Published in Official Gazette No. 64/26 on 10 July 2026, the measures will take effect on 18 July 2026.

Germany has notified Russia that the German–Russian Double Taxation Agreement of 29 May 1996 and its related protocol will be suspended with effect from 1 January 2027.

Revenue Department has issued guidance requiring companies and juristic partnerships to use Bank of Thailand exchange rates to convert foreign currency, assets and liabilities into Thai currency for calculating net profit subject to corporate income tax under Section 65 bis (5) of the Revenue Code, with the rules taking effect from the announcement issued on 7 July 2026.

Belgium's Chamber of Deputies approved legislation on 9 July 2026 phasing in a broad overhaul of the personal income tax system through 2030, raising the tax-exempt threshold from EUR 10,910 to EUR 15,600, equalising child supplements at EUR 2,650 by 2029, and introducing new rules on single-parent allowances, overtime pay, entrepreneur deductions, and benefits in kind. 

Lithuania's parliament has proposed amendments to the Law on Personal Income Tax (PIT) that would exempt qualifying gains from the sale of startup shares from Personal Income Tax (PIT), subject to eligibility conditions including a three-year holding period, a 25% ownership cap and startup qualification requirements, with the changes set to apply from the 2027 tax period if enacted.

Argentina's ARCA has issued General Resolution 5875/2026, letting MSMEs, small taxpayers, and non-profit entities regularise tax, customs, and social security debts due up to 30 June 2026 in up to 18 instalments at a 2.75% monthly financing rate, with enrollment open through the "My Facilities" web service until 30 October 2026.