Hong Kong secures interim qualified status under domestic Pillar 2 regime
The Hong Kong Inland Revenue Department (IRD) updated its guidance on the global minimum tax and Hong Kong minimum top-up tax for multinational enterprise groups on 8 January 2026. The updates indicate that Hong Kong has received transitional
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UK: Treasury approves side-by-side framework for global minimum tax
The UK Parliament has released a statement from the Exchequer Secretary to the Treasury on 7 January 2026 endorsing the Side-by-Side arrangement for the Pillar 2 global minimum tax, recently agreed by the BEPS Inclusive Framework. Implementation in
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Cyprus: MoF endorses Pillar 2 side-by-side framework
The Cyprus Minister of Finance issued a statement on 8 January 2026 regarding the Side-by-Side (SbS) arrangement for the Pillar 2 global minimum tax, recently endorsed by the BEPS Inclusive Framework. The release highlights that, under Council
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Singapore: IRAS updates guidance on MTT, DTT
The Inland Revenue Authority of Singapore (IRAS) released the second edition of its e-Tax Guide on Multinational Enterprise Top-up Tax and Domestic Top-up Tax on 7 January 2026. The guide explains the new Pillar 2 Income Inclusion Rule—referred
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Dominican Republic: DGII revises excise tax rates on alcohol, tobacco
The Dominican Republic’s tax authority (DGII) issued Resolution DDG-AR1-2025-00008 on 17 December 2025, revising the specific tax rates applicable to the selective consumption tax on alcohol and tobacco products. The resolution informs
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Colombia: DIAN publishes 2026 tax calendar with income tax, VAT, transfer pricing deadlines
Colombia’s National Directorate of Taxes and Customs (DIAN) published the 2026 tax calendar on 26 December 2025, outlining the deadlines and dates that individuals, legal entities and other taxpayers must follow to comply with their national tax
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Turkey: 2024 local minimum supplementary corporate tax return now available for filing
Turkey’s Revenue Administration announced, on 7 January 2026, that the Local Minimum Supplementary Corporate Tax Return for the 2024 accounting period is now available for filing through the Digital Tax Office portal. Under the Fifth Section
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Australia: ATO finalises exemptions for Pillar 2 tax filings, GloBE-aligned global minimum tax amendments
The Australian Taxation Office (ATO) has released updated guidance on Pillar 2 compliance, and finalised its first round of technical updates to its global and domestic minimum tax framework. The updated guidance, published on 6 January 2026,
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Greece: AADE extends VAT reductions to small Aegean, Dodecanese Islands
Greece’s Independent Authority for Public Revenue (AADE) has announced, in Circular E.2113/2025, that from 1 January 2026, reduced VAT rates will apply to islands in the North Aegean, the Evros Regional Unit (Samothraki), and the Dodecanese with
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Ireland: Revenue updates VAT guidance for qualifying apartments under Finance Act 2025
Irish Revenue released eBrief No. 250/25 on 29 December 2025, providing updated guidance on the application of VAT to the supply and construction of qualifying apartments and apartment complexes. VAT treatment of the supply and construction of
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UK: HMRC launches technical consultation on CIS changes
The UK tax authority, HM Revenue & Customs (HMRC), has launched a technical consultation on draft regulations to simplify the Construction Industry Scheme (CIS). The consultation, opened on 6 January 2026, covers exemptions for payments to
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Singapore: IRAS updates transfer pricing guidance, raises indicative margin for related party loans
The Inland Revenue Authority of Singapore (IRAS) has updated its Transfer Pricing guidance for 2026 on 2 January 2026, including the indicative margin for related party loans. For the year 2026, the indicative margin applicable to Risk-Free Rates
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Colombia: DIAN updates CRS reporting rules to include crypto, digital assets
The Colombian Tax and Customs Authority (DIAN) has revised its reporting framework for the automatic exchange of financial information under the OECD’s Common Reporting Standard (CRS) to include cryptocurrencies and digital currencies, published
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Taiwan: MoF extends 2025 income withholding certificates filing deadline
Taiwan’s Ministry of Finance (MoF) has extended the deadline for filing 2025 income withholding and non-withholding certificates, dividend certificates, trust income declarations, and trust property income certificates to 2 February 2026, after
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Bahrain: NBR updates DMTT guidance on scope, registration
Bahrain’s National Bureau for Revenue (NBR) released Version 1.2 of its DMTT Law guide on 31 December 2025, covering the law’s scope and registration requirements. The purpose of this guide is to provide a high-level overview of the scope of
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Brazil: RFB opens registration for special asset update regime, corporate asset revaluation subject to 4.8% tax
The Federal Revenue Service (RFB), has opened the Declaration of Option for the Special Asset Update Regime (Deap), allowing individuals and legal entities to update asset values acquired with legally sourced funds up to 31 December 2024, with
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UAE: FTA revises excise tax rules for taxable entities
The UAE Federal Tax Authority has issued an updated guide, Taxable Persons Guide for Excise Tax - ETGTP1, on 2 January 2026. This guide is the main reference guide to Excise Tax in the UAE. It provides you with: an overview of the main
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Colombia enacts several tax reforms amid economic emergency
Colombia’s government issued Legislative Decree No. 1474 on 29 December 2025, introducing several temporary tax measures to fund the national budget in response to the state of emergency declared earlier under Decree No. 1390 of 22 December
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