Belgium: Tax authority extends GIR notification filing deadline
Belgium’s tax authorities announced, on 12 June 2026, that it has postponed the deadline for multinational enterprises and large domestic groups to notify their designated GloBE Information Return (GIR) filing entity. The notification portal
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Malta: MTCA issues guidance on Cyprus’ IIR treatment under Pillar Two
The Malta Tax and Customs Administration (MTCA) has notified taxpayers that the European Commission published a frequently asked question on 29 May 2026, clarifying that all EU Member States should treat Cyprus as having a qualified Income Inclusion
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Brazil: RFB formalises rules for Confia tax compliance seal, brand
The Brazilian Federal Revenue Service (RFB) clarified, on 12 June 2026, how companies in its cooperative tax programme should display their credentials. Ordinance RFB No. 695, issued on 10 June 2026, establishes the official identity of the
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EU: FASTER directive signals need for Swiss withholding tax reform
The European Union's Faster and Safer Tax Relief of Excess Withholding Taxes (FASTER) directive establishes streamlined withholding tax relief procedures that expose significant gaps in Switzerland's current system. While EU member states prepare
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Hong Kong publishes bill amending preferential tax regimes for funds, family-owned investment holding vehicles, carried interest
The Hong Kong government has published the Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 in the Gazette on 12 June 2026. The bill aims to enhance the
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US: Congress moves forward on digital asset tax framework
The US House Ways and Means Committee held a hearing on 9 June 2026 to explore new tax rules for digital assets, advancing eight bills and discussion drafts that aim to simplify compliance and establish clearer rules for activities like
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UK: HMRC issues guidance for agents on accessing, updating Pillar Two top-up tax information
The UK's His Majesty's Revenue and Customs (HMRC) has published guidance outlining how agents can access and amend a client's domestic top-up taxes and multinational top-up taxes (Pillar Two top-up taxes) information through its online
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Kenya: KRA notifies taxpayers of 2025 income tax return filing deadline
The Kenya Revenue Authority (KRA) has notified all taxpayers, on 8 June 2026, that filing of income tax returns for the year of income 2025 is ongoing and must be completed by 30 June 2026. To facilitate smooth filing for the 2025 Year of Income,
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Australia: High Court clarifies tax treatment of unpaid trust entitlements in Bendel decision
In the landmark decision of Commissioner of Taxation v Bendel HCA 18, the High Court of Australia dismissed the Commissioner’s appeal by a 5–2 majority, providing critical judicial clarification on the intersection of trust law and
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EU issues Pillar Two compliance manual for 14 member states
The European Commission released a country-by-country compliance guide for multinationals navigating the EU's new global minimum tax framework on 10 June 2026. The “Manual for MNE Groups on Global Minimum Tax (Pillar Two) Compliance
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Pakistan reduces exemptions, accelerates tax administration digitalisation in FY2026-27 budget
Pakistan's government presented its Federal Budget for FY2026-27 on 12 June 2026, targeting PKR 20.6 trillion in revenue through higher tax collections, tax administration reforms and broader economic documentation as it seeks to maintain
See MoreHong 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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Hungary: NAV publishes guidance on global minimum tax data reporting obligations
Hungary's National Tax and Customs Administration (NAV) has announced the release of the Factsheet for Global Minimum Tax Reporting (DAC9/GIR) on 4 June 2026. The factsheet provides practical guidance for multinational and large domestic
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Australia: ATO reminds MNEs of Pillar Two lodgment deadline
The Australian Taxation Office (ATO) in a reminder on 11 June 2026 announced that the first Pillar Two lodgments for Australian in-scope multinational enterprise groups (MNE groups) and their advisers are due on 30 June 2026. This includes the GloBE
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Portugal extends first Global Minimum Tax filing deadline
Portugal's Tax and Customs Authority has published Order No. 76/2026-XXV of 3 June 2026, extending the deadline for submitting the GloBE Information Return (GIR) and the top-up tax settlement required under Article 45(1)(b) and (c) of Law No.
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Turkey: Revenue opens Pillar Two filing for global minimum top-up tax
Turkey's Revenue Administration has announced, 1 June 2026, that the Global Minimum Supplementary Corporate Tax Return is now available through the Digital Tax Office for the 2024 accounting period. The return is used to report and pay Pillar Two
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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 2026
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
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