Australia: Parliament introduces bill for loss carry back, permanent AUD 20,000 instant asset write-off
Australia’s Parliament has introduced a Bill to implement Budget 2026–27 measures, including the introduction of loss carry-back provisions and the permanent extension of the small business instant asset write-off. The Treasury Laws Amendment
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Australia: Parliament passes tax reform bill replacing CGT discount with indexation, personal tax reliefs
Australia’s Parliament passed the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 on 25 June 2026, which is a key component of the 2026–27 Federal Budget tax package. The Bill introduces significant reforms aimed at improving housing
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Argentina exempts crypto transactions, payment systems from bank credit and debit tax
Argentina’s Executive Branch has introduced a new exemption from the tax on debit and credit bank accounts for cryptocurrency transactions by amending Decree No. 380/2001 through Decree No. 475/2026, dated 17 June 2026 The decree updates tax
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Australia: ATO aligns 2025–26 company tax guidance with global minimum tax framework
The Australian Taxation Office (ATO) has updated its company tax rates 2025–26 guidance to include the Global Minimum Tax (GMT), which applies at rates ranging from 0% to 15%. The guidance confirms that GMT applies to in-scope multinational
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Ireland: Revenue updates Pillar Two TIR and NoF filing guidance, confirms penalty relief
Irish Revenue issued eBrief No. 109/26 on 26 June 2026, providing updated guidance on the filing of the Globe Information Return (Top-up Tax Information Return - TIR) and the Notification of Filer (NoF). The revised guidance also covers penalty
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Vietnam extends 2026 VAT, CIT, PIT, land rent payment deadlines
Vietnam's government has issued Decree No. 245/2026/ND-CP on 27 June 2026, introducing another round of tax payment deadline extensions for 2026. The measure grants eligible taxpayers additional time to pay value-added tax (VAT), corporate income
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Turkey extends 2024 global minimum supplementary corporate tax returns deadline
The Turkish Revenue Administration announced the release of Tax Procedure Law Circular No. 203 on 29 June 2026, which extends the filing deadline for Global Minimum Supplementary Corporate Tax Returns for the 2024 fiscal year. As per the Tax
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Belgium gazettes electronic form for GIR notification
Belgium published the Royal Decree of 22 June 2026 in the Official Gazette on 29 June 2026, entering into force on the same day, establishing the procedure for submitting the GloBE Information Return (GIR). It adopts the standard GIR form under
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Australia: ATO updates guidance on taxation of permanent establishments
The Australian Taxation Office (ATO) updated its guidance on the taxation of permanent establishments (PEs) on 24 June 2026, outlining when enterprises may be subject to tax in Australia or overseas under Australia's double tax agreements
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Luxembourg clarifies treatment of Cyprus Income Inclusion Rule under EU Pillar Two
The Luxembourg Administration of Direct Tax (ACD) issued a statement on 26 June 2026 concerning the Frequently Asked Questions (FAQ) published by the European Commission on 29 May 2026. The FAQ clarifies that, under the EU Pillar Two Directive, all
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UAE: FTA clarifies treatment of corporate tax losses
The UAE Federal Tax Authority (FTA) has issued a Basic Tax Information Bulletin – Corporate Tax Losses on 25 June 2026, providing guidance on the treatment of Corporate Tax Losses under the Corporate Tax Law. The bulletin explains the definition
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Slovak Republic: MoF consults OECD side-by-side package implementation draft
The Slovak Republic’s Ministry of Finance has launched a consultation on the Draft Law No. LP/2026/369 amending Act No. 507/2023 Coll., on 25 June 2026, which implemented the EU Minimum Taxation Directive. The proposed amendments aim to
See MoreVietnam clarifies CIT incentives for foreign-invested SMEs
Vietnam's Tax Department issued Official Letter 3896/CT-CS, confirming that eligible foreign-invested small and medium-sized enterprises (SMEs) can benefit from a three-year corporate income tax (CIT) exemption under the country's new private sector
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Sweden proposes broader corporate tax deduction for sponsorship expenses from 2027
The Swedish government has submitted a bill to the Council on Legislation proposing to expand the corporate income tax deduction for sponsorship and similar expenses, with the aim of making the tax treatment of such costs clearer and more
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OECD to host webinar on economic impact assessment of the global minimum tax
The OECD has opened registration for a webinar on 15 July 2026 to present the latest findings from its 2026 Economic Impact Assessment of the Global Minimum Tax, including the Side-by-Side package. The Global Minimum Tax is positioned as a key
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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
See MoreBelgium updates withholding tax declaration forms following enactment of capital gains tax law
Belgium's Federal Public Service (SPF) Finance has announced the issuance of new versions of the withholding tax declaration forms yesterday, 25 June 2026. These updated withholding tax return forms include: Declaration 273A-Div: Withholding
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Dominican Republic temporarily increases CIT rate amongst other reforms
The Dominican Republic has enacted Law 30-26, following its signature by the president on 18 June 2026, introducing a broad package of tax and fiscal measures that amend the Tax Code and related legislation. The reforms include a temporary increase
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