Korea (Rep.) issues guidance on global minimum tax filing rules for MNE groups
Korea (Rep.)’s National Tax Service (NTS) issued a release on 28 April 2026 setting out Global Minimum Tax filing requirements, including reporting obligations, filing procedures and deadlines for multinational enterprise (MNE) groups. The
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Australia opens Pillar Two lodgments ahead of June deadline
Australia has opened lodgments for Pillar Two returns, allowing multinational enterprise (MNE) groups to begin filing ahead of the first deadline on 30 June 2026. This announcement was made on 5 May 2026. Taxpayers can now submit both the
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Canada tables bill introducing budget measures, includes amendments to Global Minimum Tax Act
Canada's Department of Finance has tabled the Notice of Ways and Means Motion to introduce a bill entitled A second Act to implement certain provisions of the budget in Parliament on 4 November 2025. The bill introduces a range of measures,
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South Africa: Constitutional Court dismisses ABSA appeal, upholds tax avoidance recharacterisation
The Constitutional Court of South Africa has dismissed the appeal in Absa Bank Ltd and Another v CSARS (CCT 72/24), a case concerning a ZAR 1.9 billion structured investment scheme, in a judgment delivered on 22 April 2026. The dispute involved
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Vietnam raises tax-exempt threshold for household businesses to VND 1 billion
Vietnam’s Government has issued Decree No. 141/2026/ND-CP on 29 April 2026, introducing amendments and supplements to Decree No. 68/2026/ND-CP on tax policies for household and individual businesses and Decree No. 320/2025/ND-CP guiding the
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Singapore clarifies tax treatment of losses in corporate amalgamations
The Inland Revenue Authority of Singapore issued Advance Ruling Summary No. 7/2026 on 4 May 2026, setting out income tax considerations for company amalgamations. It explains that unabsorbed capital allowances and losses of a company (the
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Netherlands: Omnibus tax bill clarifies treatment of qualifying domestic top-up taxes for participation credit
The Netherlands government has submitted the Omnibus Tax Bill (Fiscale Verzamelwet 2027) to parliament for approval. The Bill, together with its explanatory memorandum, was published on 29 April 2026. It sets out the legislative progress of the
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Romania ratifies convention to implement Pillar Two tax rule
Romania has officially ratified the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI), marking a significant step in international tax cooperation. The ratification was formalised through Law
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Australia: Treasury consults minimum tax rules amendments aligned with OECD guidance
Australia’s Treasury has initiated a public consultation, on 1 May 2026, on the Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No. 2) Rules 2026 (the Amending Rules), which amends the Taxation
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OECD releases new toolkit to support consistent implementation of the global minimum tax
The OECD has released a new implementation toolkit to support tax administrations in applying the Global Minimum Tax in a consistent and co-ordinated way, reducing administrative and compliance burdens on 30 April 2026. The OECD has updated its
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Hong Kong: IRD revises lists of debt instruments qualifying for profits tax relief
The Hong Kong Inland Revenue Department (IRD) has released updated lists of Qualifying Debt Instruments (QDIs) eligible for profits tax concessions or exemptions as of 31 December 2025, with the latest update notably expanding coverage to include
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Finland introduces comprehensive new rules for taxing permanent establishments
Finland has enacted three major tax laws—323/2026, 324/2026, and 325/2026—published in the Official Gazette on 28 April 2026, fundamentally reforming how permanent establishments operating in the country are taxed. The reforms bring Finnish
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Greece tables bill implementing DAC8/DAC9, global minimum tax measures
Greece introduced an omnibus bill in Parliament on 30 April 2026 through the Ministry of National Economy and Finance, aimed primarily at strengthening tax transparency through the incorporation of EU directives, alongside broad domestic tax reforms
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Taiwan tightens 2023 CFC audits, flags misreported income breaching de minimis threshold
Taiwan’s National Taxation Bureau of the Northern Area, MOF, stated, on 30 April 2026, that it has strengthened audits of Controlled Foreign Corporation (CFC) cases for the year 2023 on profit-seeking enterprise income tax filings within its
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Kuwait introduces optional advance payment system for multinational groups under DMTT regime
Kuwait’s Ministry of Finance has issued Circular No. (1) of 29 April 2026 introducing an optional Advance Tax Payment Program for multinational enterprise (MNE) groups that fall within the scope of the Multinational Entities Tax Law, Law (Decree)
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Finland: MoF consults corporate tax cut, extended loss carry forward
Finland's Ministry of Finance has initiated a public consultation on significant corporate tax reforms designed to strengthen business competitiveness and stimulate investment. The proposed changes are scheduled to take effect on 1 January
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China issues global minimum tax guidance for Chinese MNEs in Denmark, Ireland, UAE
China's State Taxation Administration (STA) has published comprehensive guidance to help Chinese companies navigate global minimum tax (GMT) rules in Denmark, Ireland, and the United Arab Emirates (UAE) despite not adopting these rules
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Belgium e-filing system now available for 2025 corporate tax returns
Belgium's Federal Public Service (SPF) Finance has launched its Biztax electronic filing platform on 30 April 2026, enabling companies to submit corporate income tax returns for the 2025 income period. Companies with fiscal years ending between
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