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 2026 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 measures
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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Hong Kong: Government announces action plan to promote development of corporate treasury centres
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, on 9 June 2026 unveiled the Action Plan to Promote the Development of Corporate Treasury Centres in Hong Kong (Action Plan) at the Corporate Treasury Centre
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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 2026
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
See MoreBangladesh to introduce fast-track approvals, tax overhaul in 2026-27 budget
Bangladesh's government plans to roll out sweeping deregulation reforms aimed at reducing business friction, streamlining licensing requirements, and overhauling tax administration. Finance Minister Amir Khosru Mahmud Choudhury will dedicate a
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Turkey enacts law introducing sweeping corporate tax reforms, incentives
Turkey enacted Law No. 7582 on 4 June 2026, introducing a broad package of tax reforms, including a differentiated corporate tax system and expanded incentives for exports, production, and qualified service activities. The legislation also
See MorePhilippines: DoF clarifies local tax rules to improve business ease, support growth
The Philippines Department of Finance (DOF), together with the Department of the Interior and Local Government (DILG) and the Department of Trade and Industry (DTI), has issued Joint Memorandum Circular (JMC) No. 01-2026, or the Guidelines on the
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European Commission urges Germany to remove restrictions on SME investment allowance abroad
The European Commission has issued a letter of formal notice to Germany for non-compliance with EU rules on freedom of establishment, finding that the country’s SME investment deduction allowance may discriminate against cross-border investments
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US: JCT publishes detailed explanation of tax overhaul under One Big Beautiful Bill Act
The US Congress Joint Committee on Taxation (JCT) published, on 28 May 2026, its General Explanation of the Tax Provisions of Public Law 119-21, providing a detailed breakdown of the tax measures contained in the One Big Beautiful Bill Act. The
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Canada: CRA releases updated 2025 corporate income tax guide
The Canadian Revenue Agency (CRA) has issued an updated corporate income tax guide for tax year 2025 on 28 May 2026. The guide covers the following: Accelerated capital cost allowance (CCA) for liquefied natural gas (LNG) facilities The
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