Belgium advances individual income tax reforms: Raises tax-free allowances, revises self-employed deductions
Belgium’s Financial and Economic Committee of Parliament has adopted an individual income tax reform bill (Bill No. 56 1243/005) on 16 June 2026, introducing several key changes, including higher tax-free thresholds, a gradual elimination of
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Bolivia: SIN cuts tax payment plan requirements to ease business liquidity crisis
Bolivia's National Tax Service (SIN) announced on 12 June 2026 that it has slashed the financial barriers for taxpayers seeking to defer their tax obligations. Under Board Resolution (RND) 102600000020, effective 12 June 2026, the agency has
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Bolivia: Automatic tax relief scheme takes effect on 25 June 2026
Bolivia is rolling out an unprecedented tax relief programme under Law 1733, with automatic debt forgiveness requiring no paperwork or office visits. The National Tax Service (SIN) announced on 16 June 2026 that 252,000 taxpayers will have debts
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Hong Kong: IRD reminds property owners of 2025/26 tax filing obligations
The Hong Kong Inland Revenue Department has issued a notice outlining the property tax obligations of property owners for the year of assessment 2025/26. Property tax is charged on owners of land and/ or buildings ("Landed Property") by reference
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Malaysia exempts returning women workers from income tax for up to 12 months
Malaysia has gazetted the Income Tax (Income of Approved Individual) (Women Returning to Work After Ceasing Employment Temporarily) (Exemption) Order 2026 on 9 June 2026. The Order grants eligible women an income tax exemption on gross employment
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US: More than half the US States signed up to participate in the federal scholarship tax credit program enacted under the One, Big, Beautiful Bill
The US Internal Revenue Service (IRS) announced on 8 June 2027 that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, which enables eligible taxpayers to claim a federal tax credit for qualified
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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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Malta announces income tax return filing deadline for individuals, partnerships, trusts, religious entities
Malta's Tax and Customs Administration has reminded taxpayers that the deadline for both manual and electronic filing of Income Tax Returns for the year of assessment 2026 is 31 July 2026. The deadline applies to individual taxpayers and also
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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
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US: IRS details agency activities in fiscal year 2025 Data Book
The US Internal Revenue Service (IRS) issued the 2025 Data Book on 5 June 2026, detailing the agency’s activities during fiscal year 2025. The report provides a statistical overview of the agency’s operations and the work employees performed to
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Australia: ATO issues guidance on reporting income earned through digital platforms or apps
The Australian Taxation Office (ATO) has released general guidance on reporting income earned through digital platforms or apps on 3 June 2026. Money earned through digital platforms or apps is sharing economy income and must be reported in a tax
See MoreUS: 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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