Taiwan clarifies CFC loss deduction filing, documentation requirements
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, stated that the Controlled Foreign Corporation (hereinafter referred to as CFC) system has been in effect since 2023. Profit-seeking enterprises reporting CFC's losses must provide
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France approves GloBE Information Exchange Agreement under Pillar Two for automatic tax data exchange
The French Council of Ministers approved the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) under Pillar Two of the OECD/G20 Inclusive Framework on BEPS on 27 May 2026. The GIR MCAA is designed to
See MoreFrance clarifies approach to centralised filing, exchange of GloBE information return
France’s Directorate General of Public Finances (DGFiP) has clarified its position on the centralised filing and exchange of the GloBE Information Return (GIR), confirming its intention to apply a transitional relief framework aligned with the
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Turkey clarifies domestic minimum corporate income tax, REIT exemption rules
Turkey’s Revenue Administration has issued General Communiqué No. 25, providing detailed implementation guidance on recent amendments to the Corporate Tax Law introduced by Law No. 7524 and Law No. 7566. The Communiqué, published in the
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South Africa: SARS updates global minimum tax return, payment guidance
The South African Revenue Service (SARS) has issued revised guidance and additional instructions for the submission of Global Minimum Tax (GMT) Returns and the payment of related liabilities. The Global Anti-Base Erosion (GloBE) Model
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Czech Republic sets 1 July deadline for top-up tax information returns as OECD guidance takes effect
The Czech Financial Administration released a statement on the Pillar Two global minimum tax forms recently approved under Decree No. 68/2026, published in the Official Gazette on 20 May 2026. A key point of the statement is the confirmation that
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Belgium gazettes model form for qualified domestic minimum top-up tax
Belgium has gazetted the Royal Decree of 25 May 2026, which officially approves the model form for the supplementary national tax return for the 2024 tax year. The supplementary national tax represents Belgium’s qualified domestic minimum
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UK updates qualifying Pillar Two jurisdictions, domestic top-up tax lists
The UK has updated its list of recognised jurisdictions and taxes under the Pillar Two framework, adding four jurisdictions to its recognised Qualified Domestic Minimum Top-up Tax (QDMTT) and accredited QDMTT safe harbour lists while revising the
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European Commission confirms Cyprus meets Pillar Two income inclusion rule standard, new FAQ available
The European Commission published a new frequently asked question (‘FAQ’) on 28 May 2026, which affirms that all EU Member States must treat Cyprus as having a qualified income inclusion rule under the EU Pillar Two Directive. The income
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Sweden proposes changes to joint venture liability under Pillar Two top-up tax rules
Sweden’s Ministry of Finance has issued a memorandum Fi2026/0119 on 25 May 2026 proposing amendments to the rules on Qualified Domestic Minimum Top-Up Tax (QDMTT) under the Minimum Taxation Directive (2022/2523), aimed at changing how joint
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Sweden updates global minimum tax guidance with relief on first GIR filings
The Swedish Tax Agency has updated its guidance on Global Minimum Tax (Additional Tax) obligations to reflect the OECD’s common understanding on flexible approaches for central filing of the GloBE Information Return (GIR) published on 18 May
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Albania ratifies STTR MLI under Pillar Two framework
Albania has ratified the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI) through Law No. 45/2026, published in the Official Gazette on 20 May 2026. The law gives effect to Albania’s
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Portugal clarifies GIR filing relief under global minimum tax regime
The Portuguese Tax and Customs Authority has issued guidance on the filing of the Information Return on the Top-Up Tax (GIR return) under the Global Minimum Tax Regime (GMTR/Pillar Two), following a common understanding published by the OECD on 18
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Croatia gazettes Global Minimum Tax Act under Pillar Two
Croatia has published Ordinance No. 665 in the Official Gazette on 22 May 2026, bringing the nation's tax system into alignment with the OECD's global minimum corporate tax initiative. The ordinance operationalises the broader Minimum Global
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Hungary: NAV introduces GloBE top-up tax reporting form
Hungary's National Tax and Customs Administration (NAV) has introduced an expanded version of Form 24GLBADO to streamline reporting of the country's additional global minimum tax requirements. The form, initially used for advance qualified domestic
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Malaysia: IRBM issues new FAQs on Pillar Two global minimum tax
The Inland Revenue Board of Malaysia (IRBM) has released updated guidance on the Pillar Two global minimum tax regime, clarifying filing obligations for local businesses. In a 22 May 2026 update, the Inland Revenue Board published Frequently Asked
See MoreCzech Republic rolls out Pillar Two tax forms
The Czech government published Decree No. 68/2026 on 20 May 2026, approving tax forms for multinational enterprises under the OECD's Pillar Two global minimum tax framework. What companies need to file Two separate returns are now mandatory.
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Germany unveils Annual Tax Act 2026 with Pillar Two, VAT, income tax reforms
Germany’s Ministry of Finance has released the draft Annual Tax Act 2026 (Jahressteuergesetz 2026), a wide-ranging legislative package containing numerous technical amendments across the tax system. The proposals are aimed at bringing German law
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