Indonesia: Parliament approves new tax incentive framework for IFCs
Indonesia's parliament unanimously approved legislation that will let the government establish international financial centres (IFCs) across the country on Tuesday, 21 July 2026. The law aims to pull in foreign capital and support the
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Australia updates guidance on R&D tax incentive eligibility for associated foreign corporations
The Australian Taxation Office (ATO) updated its guidance on 13 July 2026 regarding the eligibility requirements for research and development (R&D) activities undertaken by an R&D entity on behalf of an associated foreign corporation when
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UAE: FTA issues corporate tax FAQ covering Free Zones, exemptions, compliance
The UAE Federal Tax Authority (FTA) has published a summary of its Private Clarifications on Corporate Tax issued up to May 2026, consolidating the guidance into a Frequently Asked Questions (FAQ) format, providing clarification on the application
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China extends unemployment insurance refunds and job subsidies through 2026
China has renewed its package of unemployment insurance incentives for another year, running from 1 January 2026 to 31 December 2026. The State Council-approved notice, issued on 18 June 2026 to provincial governments and the Xinjiang Production and
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Turkey issues final guidance on new corporate income tax incentives
Turkey's Tax Administration has issued General Communiqué No. 26, providing final guidance on the corporate income tax amendments introduced by Law No. 7577 and Law No. 7582. The Communiqué, which entered into force on 4 July 2026, confirms the
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UAE adopts OECD side-by-side tax framework
The UAE issued Ministerial Decision No. 96 of 2026 (MD 96/2026), on 22 June 2026, which formally adopts the most recent OECD interpretive materials for the UAE's Qualified Domestic Minimum Top-up Tax (QDMTT) regime. It specifically adopts three
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Belarus introduces tax incentives for robotics sector from July 2026
Belarus has introduced new tax incentives to promote the robotisation of its economy under Edict No. 198 of 17 June 2026. Legal entities implementing robotics are eligible for the following tax incentives: Key tax incentives Depreciation:
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Thailand extends e-tax, e-withholding tax incentives until end of 2027
Thailand's Cabinet has approved a two-year extension of tax measures designed to encourage wider adoption of the country's electronic tax system, including incentives for investment in electronic tax infrastructure and continued preferential rates
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Vietnam clarifies CIT incentives for foreign-invested SMEs
Vietnam's Tax Department issued Official Letter 3896/CT-CS, confirming that eligible foreign-invested small and medium-sized enterprises (SMEs) can benefit from a three-year corporate income tax (CIT) exemption under the country's new private sector
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Argentina: Chamber of Deputies approves revised ‘Super RIGI’ incentive scheme for major investments
Argentina’s Chamber of Deputies approved a new incentive framework for large-scale investments in emerging industries, known as the Super RIGI, on 24 June 2026. The newly proposed "Super RIGI" scheme was established to offer incentives and
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Malaysia enacts additional employer deduction for employment of women returning to work
Malaysia has gazetted the Income Tax (Deduction for Employment of Approved Individual) Rules 2026 on 23 June 2026, providing qualifying employers with an additional deduction equal to 50% of remuneration paid to approved individuals for a period not
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Philippines: BIR begins preparations for implementation of Pillar Two QDMTT
The Philippines Bureau of Internal Revenue (BIR) announced on 11 June 2026, through a Facebook post, that it has begun preparations for the possible implementation of the proposed Qualified Domestic Minimum Top-Up Tax (QDMTT), a measure pushed by
See MoreMalaysia gazettes employer tax incentive for flexible work practices
Malaysia has gazetted the Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules 2026Â on 16 June 2026. The Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules 2026
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Canada: Spring Economic Update 2026 receives Royal Assent
Canada’s Department of Finance announced that Bill C‑30, An Act to implement certain provisions of the Spring Economic Update tabled in Parliament on 28 April 2026, has received Royal Assent on 19 June 2026. It delivers targeted measures to
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Dominican Republic proposes increased corporate tax amongst other reforms in new fiscal package
The Dominican Republic's Ministry of Finance and Economy has unveiled a pro-growth and anti-crisis fiscal package on 11 June 2026 that has been presented to the National Congress for consideration. This fiscal package is designed to shore up public
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Netherlands announces business incentives, lower property taxes in 2027 tax plan provisional measuresÂ
The Dutch State Secretary for Finance has informed Parliament, via a letter, of a provisional outline of measures expected to be included in the 2027 Tax Plan package on 10 June 2026. The complete package is scheduled to be presented on
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Sweden: Government proposes additional tax relief for business R&D investment
The Swedish Government proposed, on 11 June 2026, additional tax relief for companies with employees engaged in research and development (R&D) activities to boost business investment in R&D, strengthen Sweden’s competitiveness and support
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Singapore clarifies whether a company qualifies as excluded incentive entity or excluded entity under Income Tax Act
The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 8/2026 on 2 Jun 2026, clarifying the application of Section 10L of the Income Tax Act 1947 in determining whether a company qualifies as an excluded incentive entity
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