Australia: ATO holds fourth Pillar Two pre-lodgment information session
The Australian Taxation Office (ATO) has published a recap of its June Pillar Two information session on 14 July 2026. In June, the ATO held its fourth Pillar Two pre-lodgment information session, attended by more than 300 participants from
See More
Austria: Bundesrat approves 2027–2028 budget
Austria’s Federal Council (Bundesrat) approved the Budget for 2027 and 2028, including a range of tax measures, on 16 July 2026. Financial and tax reforms The Budget detail several significant changes to the Austrian tax and financial
See More
UK: HMRC publishes Oil and Gas Revenue Levy, foreign PE reforms for Finance Bill 2026-27
The UK HMRC has published policy papers, draft legislation, and explanatory notes covering two proposed tax measures: the introduction of a new Oil and Gas Revenue Levy to replace the existing Energy Profits Levy, and reforms to the foreign
See More
US: California tax credit cap threatens to reverse film industry job gains
California introduced a cap on film and television tax credits that threatens to reverse one of the state's rare recent industrial wins. SB 122, part of the 2025-2026 budget deal, limits annual claims to USD 5 million through 2029. Starting in
See More
UAE: FTA clarifies downward transfer pricing adjustment rules under corporate tax law
The UAE Federal Tax Authority (FTA) has issued Public Clarification CTP011 on 15 July 2026, clarifying the requirements for transfer pricing adjustments under the Corporate Tax Law. It mandates that all transactions between Related Parties must
See More
UAE updates private tax clarification guidance with revised procedures
The UAE Federal Tax Authority (FTA) has published an updated Tax Procedures Guide on Private Clarifications (TPGPC1), dated 14 July 2026, setting out the process for taxpayers seeking the authority's official view on uncertain tax technical
See More
Dominican Republic consults on draft software tax rules under tax reform
The Dominican Republic's General Directorate of Internal Taxes (DGII) has launched a public consultation on a draft general rule establishing the tax treatment of software transactions, introducing new rules for software acquisitions, licensing,
See More
Dominican Republic consults new accelerated depreciation regime for industrial machinery
The Dominican Republic's Directorate General of Internal Revenue (DGII) has opened a public consultation on a draft general norm establishing the implementation framework for the accelerated depreciation regime introduced under Law No.
See More
OECD releases new assessment of Pillar Two Global Minimum Tax economic effects
The OECD has published a new analysis examining the economic impacts of the Pillar Two Global Minimum Tax, with the findings presented during a webinar held on 15 July 2026. Alongside the analysis, the OECD also released a working paper titled MNE
See More
Thailand issues guidance on foreign currency conversion for corporate income tax calculations
The Thailand Revenue Department has issued a guidance, on 7 July 2026, outlining the method that companies and juristic partnerships must use to convert foreign currency, foreign currency-denominated assets, and liabilities into Thai currency when
See More
Argentina: ARCA launches instalment payment plan for SMEs, small taxpayers, non-profit entities
Argentina’s tax authority (ARCA) announced the publication of General Resolution 5875/2026 on 14 July 2026, which allows for the regularisation of tax, customs, and social security debts that were due up to 30 June 2026, in up to 18 instalments
See More
Hong Kong: IRD extends filing deadline for 2025/26 profits tax returns under block extension scheme
The Hong Kong Inland Revenue Department confirmed, in a circular letter on 14 July 2026, that the due date for 2025/26 Profits Tax returns with Accounting Date Code "D" (accounting dates from 1 to 31 December 2025) is extended from 17 August 2026 to
See More
Germany: Bundesrat approves ordinance to expand Minimum Tax Act framework
Germany’s Federal Council (Bundesrat) approved the amendment of the regulation on the application of the minimum taxation law (Mindeststeuer-Bericht-Verordnung – MinStBV) on 10 July 2026. The measure expands the framework under the Minimum
See More
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
See More
Singapore: IRAS issues advance ruling on offshore dividend payments
The Inland Revenue Authority of Singapore (IRAS) published Advance Ruling Summary No. 10/2026 on 1 Jul 2026, clarifying when dividend income received from an offshore subsidiary and subsequently paid to shareholders is not regarded as being
See More
Turkey publishes list of jurisdictions recognised for global minimum tax framework
Turkey has published Presidential Decision No. 11511 in the Official Gazette No. 33307 on 11 July 2026, approving the list of jurisdictions that have implemented key elements of the global minimum tax framework. The Decision, issued by the
See More
Austria: Nationalrat approves 24% higher CIT rate in 2027–2028 budget
Austria's parliament (Nationalrat) approved the Budget for 2027 and 2028 on 10 July, including the Budget Accompanying Act 2027–2028 (Budgetbegleitgesetz 2027–2028), which introduces a range of tax measures. Financial and tax
See More
Greece: AADE extends filing deadline for 2025 corporate, personal income tax returns
Greece’s Independent Authority for Public Revenue (AADE) has extended the deadline for submitting income tax returns for the 2025 tax year from 15 July 2026 to 24 July 2026. The extension applies to both personal income tax returns filed by
See More