Kuwait signs OECD CRS-MCAA Addendum on crypto-asset reporting
Kuwait signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on 22 June 2026, according to an update published by the OECD. The Addendum incorporates the 2023
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South Africa: Court upholds VAT limits on recycled gold
The South African Revenue Service (SARS) has published a statement welcoming the unanimous Constitutional Court judgment in Lueven Metals (Pty) Ltd v Commissioner for the South African Revenue Service, delivered on 23 June 2026, which confirms SARS'
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Luxembourg clarifies treatment of Cyprus Income Inclusion Rule under EU Pillar Two
The Luxembourg Administration of Direct Tax (ACD) issued a statement on 26 June 2026 concerning the Frequently Asked Questions (FAQ) published by the European Commission on 29 May 2026. The FAQ clarifies that, under the EU Pillar Two Directive, all
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Australia: ATO issues new guidance on security arrangements for fiscally transparent entities
The Australian Taxation Office (ATO) has issued new guidance under its Private Capital Program on 26 June 2026, outlining security arrangements and evidentiary requirements for fiscally transparent entities to support compliance by large
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UAE: FTA clarifies treatment of corporate tax losses
The UAE Federal Tax Authority (FTA) has issued a Basic Tax Information Bulletin – Corporate Tax Losses on 25 June 2026, providing guidance on the treatment of Corporate Tax Losses under the Corporate Tax Law. The bulletin explains the definition
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Slovak Republic: MoF consults OECD side-by-side package implementation draft
The Slovak Republic’s Ministry of Finance has launched a consultation on the Draft Law No. LP/2026/369 amending Act No. 507/2023 Coll., on 25 June 2026, which implemented the EU Minimum Taxation Directive. The proposed amendments aim to
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Austria: Federal Council approves Budget Measure Act 2026
Austria's Federal Council (Bundesrat) approved the Budget Measure Act 2026 on 25 June 2026, adopting a package of amendments to various tax laws aimed at promoting tax fairness, combating tax fraud, reducing the tax burden on workers and simplifying
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Vietnam clarifies CIT incentives for foreign-invested SMEs
Vietnam's Tax Department issued Official Letter 3896/CT-CS, confirming that eligible foreign-invested small and medium-sized enterprises (SMEs) can benefit from a three-year corporate income tax (CIT) exemption under the country's new private sector
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Sweden proposes broader corporate tax deduction for sponsorship expenses from 2027
The Swedish government has submitted a bill to the Council on Legislation proposing to expand the corporate income tax deduction for sponsorship and similar expenses, with the aim of making the tax treatment of such costs clearer and more
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Denmark: Government reintroduces PIT, VAT relief amongst other measures
The Danish government has reintroduced a series of tax measures that were originally included in the 2026 Finance Act but lapsed when the election was called. The proposals, which fall under the Ministry of Taxation and Growth, are intended to
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OECD releases updated common understanding on GloBE information return filing relief
The OECD has published a revised version of the common understanding on Pillar Two GloBE Information Return (GIR) filing on 25 June 2026. The first version of the common understanding on Pillar Two GIR filing was released on 18 May 2026, titled,
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OECD to host webinar on economic impact assessment of the global minimum tax
The OECD has opened registration for a webinar on 15 July 2026 to present the latest findings from its 2026 Economic Impact Assessment of the Global Minimum Tax, including the Side-by-Side package. The Global Minimum Tax is positioned as a key
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Argentina: Chamber of Deputies approves revised ‘Super RIGI’ incentive scheme for major investments
Argentina’s Chamber of Deputies approved a new incentive framework for large-scale investments in emerging industries, known as the Super RIGI, on 24 June 2026. The newly proposed "Super RIGI" scheme was established to offer incentives and
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Portugal: Council of Ministers approves privileged tax regimes list to align with EU
Portugal's Council of Ministers has approved an amendment to the General Tax Law to replace the country's existing list of countries, territories and regions with privileged tax regimes with the EU list of non-cooperative jurisdictions, aligning its
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Kuwait joins OECD agreement on exchange of CbC reports
The OECD has announced that Kuwait signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 22 June 2026, further expanding the international framework for the automatic exchange of
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UK announces reforms to simplify tax system, strengthen customs enforcement
The UK government has unveiled a broad package of tax and customs reforms aimed at simplifying compliance, expanding digital services and strengthening tax enforcement. Announced in a statement by Exchequer Secretary to the Treasury Dan Tomlinson on
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Australia: ATO announces GIC, SIC rates for Q1 2026-27
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the fourth quarter of the 2026-27 income year on 5 June 2026. For the quarter commencing on 1 July 2026, the GIC
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Belgium updates withholding tax declaration forms following enactment of capital gains tax law
Belgium's Federal Public Service (SPF) Finance has announced the issuance of new versions of the withholding tax declaration forms yesterday, 25 June 2026. These updated withholding tax return forms include: Declaration 273A-Div: Withholding
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