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 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
See MoreBangladesh to introduce fast-track approvals, tax overhaul in 2026-27 budgetÂ
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
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Philippines: 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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Sweden plans indexed R&D deduction, tax-free skills support ahead of 2027 budget
Sweden’s Ministry of Finance has announced that it is submitting three tax proposals ahead of the autumn budget 2027 on 19 May 2026. The tax proposals are designed to strengthen labour market participation, facilitate skills development and
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New Zealand simplifies business tax compliance in 2026 Budget
The New Zealand Government delivered Budget 2026 to Parliament on 28 May 2026, with Minister of Finance Nicola Willis outlining a strategy aimed at restoring a fiscal surplus by the 2028/29 financial year. To implement the budget proposals, the
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Italy opens additional tax credit for Southern investment zone companies
Companies that invested in capital goods within Southern Italy's Special Economic Zone last year can now utilise a supplementary tax credit through the newly established code 7041. The Revenue Agency introduced this code through Resolution no.
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Colombia revises tax decree, reinforces transfer pricing compliance rules
The Colombian Ministry of Finance and Public Credit published a revised edition of Decree No. 1625 of 2016 on 8 May 2026. The decree consolidates rules covering income tax, occasional gains tax, transfer pricing, withholding tax, VAT, national
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Russia gazettes various tax relief measures for SMEs
Russia has published the Federal Law No. 104-FZ of 25 April 2026 in the Official Gazette, which introduces several significant amendments to the Russian Federation Tax Code, particularly regarding Value Added Tax (VAT) and the Simplified Tax Regime
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Venezuela overhauls mining sector with sweeping new mining law
Venezuela has enacted a sweeping new mining regime with the publication of the Ley Orgánica de Minas (2026) in the Official Gazette on 16 April 2026, replacing two cornerstone laws that had governed the country’s mineral sector for
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Australia: ATO highlights areas of concern in R&D tax incentive claims
The Australian Taxation Office (ATO) has issued a notice to advisers and taxpayers on 14 May 2026 outlining its key areas of concern regarding research and development (R&D) tax incentive claims. The ATO has also updated its guidance on ensuring
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Brazil scraps tax on small e-commerce imports
Brazil’s President Luiz Inácio Lula da Silva signed a provisional presidential decree on Tuesday 12 May 2026 eliminating the federal tax on imports worth less than USD 50, reversing a levy that had been widely criticised. The presidential
See MoreAustralia includes major corporate, CGT tax reforms 2026-27 budgetÂ
Australia’s Treasurer, Jim Chalmers, delivered the 2026-27 federal budget in parliament on 12 May 2026. The 2026-27 budget outlines a comprehensive vision for tax reform in Australia, focusing on supporting workers, incentivising business
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