US: New York approves FY 2026-27 budget, introduces tip income tax exemption
New York Governor Kathy Hochul signed the New York State Fiscal Year 2027 Budget on 28 May 2026. This legislative package is designed to address the rising cost of living while funding critical public safety and infrastructure initiatives. While
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Australia: ATO issues updated guidance on maximum contribution base for super guarantee
The Australian Taxation Office (ATO) has updated its guidance on the maximum contributions base (MCB) for superannuation guarantee contributions on 3 June 2026. Employers are not required to pay super guarantee once an employee’s earnings
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Sweden proposes statutory definition of permanent residence for tax purposes
The Swedish government has proposed introducing a statutory definition of “permanent residence” in the Income Tax Act, a key concept used to determine whether an individual is subject to unlimited tax liability in Sweden. An individual who is
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US: JCT publishes detailed explanation of tax overhaul under One Big Beautiful Bill Act
The US Congress Joint Committee on Taxation (JCT) published, on 28 May 2026, its General Explanation of the Tax Provisions of Public Law 119-21, providing a detailed breakdown of the tax measures contained in the One Big Beautiful Bill Act. The
See MoreSweden plans indexed R&D deduction, tax-free skills support ahead of 2027 budget
Sweden’s Ministry of Finance has announced that it is submitting three tax proposals ahead of the autumn budget 2027 on 19 May 2026. The tax proposals are designed to strengthen labour market participation, facilitate skills development and
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New Zealand simplifies business tax compliance in 2026 Budget
The New Zealand Government delivered Budget 2026 to Parliament on 28 May 2026, with Minister of Finance Nicola Willis outlining a strategy aimed at restoring a fiscal surplus by the 2028/29 financial year. To implement the budget proposals, the
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Taiwan: MoF urges taxpayers to complete 2025 income tax return filings before deadline
Taiwan's Ministry of Finance (MoF) has announced the upcoming income tax return deadline for the year 2025. As of 24 May 2026, 5,076,273 individual income tax returns have been filed, accounting for 72.7% of the total individual income tax
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Argentina: ARCA extends 2025 individual tax filing deadline to July 2026
The Argentine Customs Collection and Control Agency (ARCA) announced on 22 May 2026 that it has granted taxpayers additional time to file and pay their 2025 tax returns, moving the deadline to 27 July 2026. The extension applies to Income Tax,
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Colombia: Court suspends lower withholding tax thresholds under Decree 572
Colombia's Supreme Administrative Court has provisionally suspended articles 2-8 of Decree 572 of 2025, which introduced sweeping changes to income tax withholding and self-withholding rules. The suspension halts implementation while legal review
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Jordan: Tax Department extends settlement period for outstanding tax liabilities
Jordan’s Income and Sales Tax Department (ISTD) has urged taxpayers with outstanding liabilities due by 31 December 2024 to use expanded settlement options under a government decision extending the Tax Settlement and Reconciliation Committee’s
See MoreUS: Treasury designates eight Middle Eastern countries for international boycott reporting
The US Treasury has designated eight countries requiring international boycott reporting, with Form 5713 filings mandatory for businesses operating in or connected to these nations. The US Department of the Treasury issued a Federal Register
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Malta opens e-filing for personal income tax returns 2026
The Malta Tax and Customs Administration has announced that the online service for filing Personal Income Tax Returns for the Year of Assessment 2026 (Basis Year 2025) is now available. Taxpayers can access the service through
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Brazil: RFB expands instalment options for non-tax debt payments
Brazil’s tax administration, the Federal Revenue Service (RFB), has broadened access to debt instalment plans by allowing taxpayers to settle non-tax obligations through simplified digital channels through a notice released on 14 May 2026. The
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Hong Kong: IRD issues reminder for taxpayers, employers on tax information obligations
The Hong Kong Inland Revenue Department released a notice on 14 May 2026 reminding taxpayers and employers of their obligations to provide required tax-related information. Information to be furnished by taxpayers Taxpayers are reminded of
See MoreHong Kong approves major tax concessions, higher allowances under Inland Revenue Amendment Bill 2026
The Hong Kong Legislative Council approved the Inland Revenue Amendment Bill 2026 on 13 May, introducing substantial tax concessions outlined in the 2025 Policy Address and 2026-27 Budget. Beginning with the 2026-27 assessment year, the
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Norway announces revised 2026 national budget, proposes higher pension and fuel tax relief
Finance Minister Jens Stoltenberg has unveiled Norway's Revised National Budget for 2026, emphasising economic stability amid global uncertainties. With ongoing trade tensions and conflict in the Middle East creating volatility, the government has
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Jamaica: TAJ confirms increase in income tax thresholds from April 2026
Jamaica’s tax administration (TAJ) announced on 13 April 2026 that the Income Tax threshold (tax-free amount) was increased to JMD 1,902,360, up from JMD 1,799,376, effective 1 April 2026. This adjustment is in keeping with the announcement
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Taiwan issues 2025 income tax filing guidance for foreign individuals
Taiwan’s National Taxation Bureau of the Southern Area, Ministry of Finance, stated that foreign individuals who resided in the Republic of China (R.O.C.) for a total of 183 days or more during the year 2025, and who did not depart the R.O.C.
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