Singapore updates IRAS guidance on Pillar Two top-up tax registration rules
The Inland Revenue Authority of Singapore (IRAS) has revised its guidance on the registration requirements for the Multinational Enterprise Top-up Tax and the Domestic Top-up Tax. Following the 2024 Budget, Singapore has introduced new global
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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
See MoreSingapore consults proposed Finance (Income Taxes) Bill 2026
Singapore’s Ministry of Finance is seeking public feedback from 8 June to 1 July 2026 on the proposed Finance (Income Taxes) Bill 2026. The Bill proposes 20 amendments to the Income Tax Act 1947 (ITA) and two amendments to the Multinational
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Norway consults on updates to non-cooperative tax jurisdiction lists following EU changes
Norway's Ministry of Finance opened a public consultation on 3 June 2026 regarding amendments to Regulations No. 1379 (1 July 2025) on non-cooperative jurisdictions for tax purposes. The consultation period closes on 17 June 2026, providing
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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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US: Treasury, IRS announce intent to issue proposed regulations for excise tax on excess tax-exempt organisation executive compensation under the One, Big, Beautiful Bill
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 5 June 2026 that it issued Notice 2026-36, announcing its intent to issue proposed regulations addressing the tax on excessive compensation and excess parachute
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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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European Commission urges Poland to address DAC7 reporting non-compliance by foreign digital platforms
The European Commission has issued a letter of formal notice to Poland for incorrectly transposing Council Directive (EU) 2021/514 (DAC7), specifically regarding the exemption from EU registration and reporting obligations for foreign platform
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Australia: ATO issues guidance on reporting income earned through digital platforms or apps
The Australian Taxation Office (ATO) has released general guidance on reporting income earned through digital platforms or apps on 3 June 2026. Money earned through digital platforms or apps is sharing economy income and must be reported in a tax
See MoreNorway: MoF consults Pillar Two Side-by-Side Package implementation
The Norwegian Ministry of Finance has launched a public consultation on proposed amendments to the Supplementary Tax Act, introduced in January 2024 to implement the Pillar Two global minimum tax rules. The Act of 12 January 2024 implements
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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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Portugal gazettes DAC8 crypto reporting, DAC9 Pillar Two information exchange rules
Portugal has published Law No. 26/2026 of 3 June 2026, implementing Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU) 2025/872 (DAC9). The legislation establishes a comprehensive framework for administrative cooperation in tax
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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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Belgium gazettes programme law, introduces increased withholding tax rate
Belgium has gazetted the Programme Law of 30 May 2026 on 1 June 2026, a comprehensive legislative act designed to implement diverse fiscal and administrative reforms. This legislation introduces significant taxation adjustments, specifically
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Denmark reduces corporate tax in government coalition agreement
Denmark has published the four-party government coalition policy agreement on 2 June 2026, setting out a broad package of proposed tax reforms aimed at increasing national wealth, strengthening competitiveness, and encouraging work and
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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
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