UAE: FTA clarifies treatment of corporate tax losses
The UAE Federal Tax Authority (FTA) has issued a Basic Tax Information Bulletin – Corporate Tax Losses on 25 June 2026, providing guidance on the treatment of Corporate Tax Losses under the Corporate Tax Law. The bulletin explains the definition
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Sweden proposes broader corporate tax deduction for sponsorship expenses from 2027
The Swedish government has submitted a bill to the Council on Legislation proposing to expand the corporate income tax deduction for sponsorship and similar expenses, with the aim of making the tax treatment of such costs clearer and more
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Kenya: KRA allows unsupported business expense claims for 2025 tax returns
The Kenya Revenue Authority (KRA) reminds all taxpayers that filing of income tax returns for the year of income 2025 is ongoing and must be completed by 30 June 2026. To facilitate smooth filing for the 2025 Year of Income, KRA has allowed
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CJEU Advocate General supports Luxembourg’s ATAD transposition on securitisation entities from interest limitation rules
The Advocate General (AG) Juliane Kokott of the Court of Justice of the European Union (CJEU) has issued her opinion in Case C-138/24, involving an infringement claim by the European Commission against the Grand Duchy of Luxembourg on 18 June
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Netherlands: Exit payments from departing cooperative members are taxable profit
The Netherlands Tax Administration’s Knowledge Group, responsible for specific corporate tax profit determination, has issued a position outlining the corporate income tax treatment of exit payments received by a cooperative from members who
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Taiwan: MOF clarifies reasonable interest on inter-company lending arrangements
Taiwan's Ministry of Finance (MoF) has released a notice on 1 June 2026, reminding taxpayers of the requirements governing reasonable interest on inter-company lending arrangements. To protect the rights and interests of company shareholders and
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Hong Kong publishes bill amending preferential tax regimes for funds, family-owned investment holding vehicles, carried interest
The Hong Kong government has published the Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 in the Gazette on 12 June 2026. The bill aims to enhance the
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Australia: High Court clarifies tax treatment of unpaid trust entitlements in Bendel decision
In the landmark decision of Commissioner of Taxation v Bendel HCA 18, the High Court of Australia dismissed the Commissioner’s appeal by a 5–2 majority, providing critical judicial clarification on the intersection of trust law and
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Pakistan reduces exemptions, accelerates tax administration digitalisation in FY2026-27 budget
Pakistan's government presented its Federal Budget for FY2026-27 on 12 June 2026, targeting PKR 20.6 trillion in revenue through higher tax collections, tax administration reforms and broader economic documentation as it seeks to maintain
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Bangladesh announces Budget 2026-27, proposes sweeping incentives for foreign investment
Bangladesh’s Finance Minister Amir Khosru Mahmud Chowdhury presented the National Budget 2026-27 today, 11 June 2026, after his cabinet endorsed the proposed budget on the same day. The total outlay of the FY 2026-27 budget is set at BDT 9.38
See MoreHong Kong: IRD to gazette Inland Revenue (Amendment) (Tax Concessions for Shipping-related Activities and Physical Commodity Trading) Bill 2026Â
The Hong Kong Internal Revenue Department (IRD) has announced on 10 June 2026 that the Inland Revenue (Amendment) (Tax Concessions for Shipping-related Activities and Physical Commodity Trading) Bill 2026 will be published in the Gazette this Friday
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Taiwan revises tax collection period calculation after court ruling
Taiwan’s National Taxation Bureau of the Northern Area, Ministry of Finance, announced that effective 25 June 2025, for cases where taxpayers file administrative remedies regarding taxes or fines and execution is deferred according to law, the
See MoreHong Kong: IRD expands business tax portal access for non-Hong Kong company representatives
The Hong Kong Inland Revenue Department has announced enhancements to the Business Tax Portal (BTP), expanding access to allow authorised representatives of non-Hong Kong companies, as well as additional eligible individuals acting as Responsible
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Bahrain issues guidance on domestic minimum top-up tax computations
Bahrain’s National Bureau for Revenue (NBR) has published a new guide outlining the methodology for calculating Domestic Minimum Top-up Tax (DMTT) liabilities for entities within the scope of the country’s global minimum tax regime. The DMTT
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Sri Lanka: IRD reminds bookmakers, gaming operators of June levy deadline
The Sri Lankan Inland Revenue Department (IRD) has reminded taxpayers engaged in bookmaker and gaming businesses of their obligation to pay the monthly levy on gross collections for the month of May 2026 by 7 June 2026. The notice, issued for the
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South Africa raises official interest rate for tax purposes to 8% from June 2026
The South African Revenue Service (SARS) has published an updated version of its Interest Rates – Table 3, confirming that the official rate of interest for income tax purposes has increased from 7.75% to 8.00% with effect from 1 June 2026. The
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US: Treasury, IRS issue Section 892 proposed regulations to provide grandfathering protection and transitional relief to sovereign investors
The Department of the Treasury and the Internal Revenue Service announced on 29 May 2026 that it has issued additional guidance addressing the applicability dates of recent proposed regulations under Section 892 of the Internal Revenue Code, which
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UK: HMRC updates DOTAS guidance on disclosure rules, reporting duties, and penalties
The UK HM Revenue & Customs (HMRC) has revised its guidance outlining the statutory requirements for the Disclosure of Tax Avoidance Schemes (DOTAS) regime on 29 May 2026. The Disclosure of Tax Avoidance Schemes (DOTAS) regime is designed to
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