Singapore clarifies timing rules for GST input tax claims
Singapore's Inland Revenue Authority of Singapore (IRAS) has clarified the rules for determining the accounting period in which businesses may claim GST input tax, including the circumstances under which claims can be based on the date of a tax
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Germany updates CRS participating jurisdictions list for 2026
The German Federal Central Tax Office (BZSt) has announced the publication of the final list of participating jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard (CRS) for the 2026 reporting
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Uganda publishes guidance on 2026/27 tax amendments
The Ugandan Revenue Authority published a guidance on 23 June 2026 on tax amendments for the 2026/27 financial year, outlining changes to income tax, VAT, excise duty, tax administration and customs measures introduced under recently enacted
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Hong Kong: IRD issues CARF implementation guidance
The Hong Kong Inland Revenue Department (IRD) has published new guidance outlining the implementation of the Crypto-Asset Reporting Framework (CARF) in Hong Kong. This follows after the Hong Kong Inland Revenue Department announced that the
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Slovak Republic to automatically assign tax IDs to NGOs for 2027 e-invoicing
The Slovak Republic’s Financial Administration announced on 23 June 2026 that non-governmental organisations will receive automatic tax identification numbers (TIN) to prepare for mandatory electronic invoicing beginning in 2027. Approximately
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EC proposes tax simplification package to streamline compliance, boost competitiveness
The European Commission adopted an ambitious tax simplification package on 24 June 2026, that includes two legislative proposals aimed at simplifying EU tax rules: reducing compliance burdens for businesses, and strengthening the competitiveness of
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Kenya: KRA allows unsupported business expense claims for 2025 tax returns
The Kenya Revenue Authority (KRA) reminds all taxpayers 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, KRA has allowed
See MoreKenya: President assents Finance Act 2026, introduces reduced CIT
Kenya's President has enacted the Finance Act 2026, bringing amendments across multiple tax statutes effective from 1 July 2026. The Presidential assent was given on 24 June 2026. The Finance Act, 2026, does not raise taxes. Instead, it
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Brazil issues compliance guidance for OECD-aligned minimum tax on multinationals
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 24 June 2026, that it has issued guidance to Constituent Entities of Multinational Business Groups regarding compliance with the CSLL Additional Tax, including requirements
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US: Illinois introduces digital advertising tax, social media fee, digital asset levy from 2027
Illinois has enacted new taxes on digital activities under SB 3019, effective from 1 January 2027. The measures include a 10% tax on gross receipts from targeted advertising services provided in Illinois, applicable to providers earning more than
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Ukraine: Cabinet of Ministers approves 27-29 budget declaration
Ukraine's Cabinet of Ministers issued Resolution No. 793 on 17 June 2026, approving the budget declaration for 2027–2029, which includes a broad package of tax measures aimed at increasing budget revenues, strengthening tax administration and
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Philippines pursues 10 DTAs, advances Pillar Two implementation to boost investment
The Philippines is stepping up efforts to attract foreign investment by expanding its network of double taxation agreements and advancing legislation to implement the OECD's Pillar Two global minimum tax rules. According to a report published by
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OECD: Global Forum report highlights advances in tax transparency and information exchange
The OECD has published a new report on 19 June 2026, outlining global advancements in tax transparency and the effective exchange of information for tax purposes. Jurisdictions are making continuous progress in strengthening transparency and
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Italy finalises implementation of DAC8 crypto-asset reporting framework
Italy's Revenue Agency has finalised implementation of DAC8 (Directive (EU) 2023/2226) through a provision signed on 22 June 2026 by Director Vincenzo Carbone. The new rules establish mandatory registration and reporting obligations for
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Chile launches tax debt relief programme to encourage compliance
Chile has initiated a coordinated debt relief initiative, effective as of 18 June 2026, to encourage taxpayers to settle outstanding tax obligations. The programme, which operates under Article 207 of the Tax Code, represents a joint effort by the
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Cyprus extends deadline for 2025 individual tax filing period
The Cyprus Tax Department announced on 18 June 2026 that it has activated the TAXISnet System for 2025 Individual Income Tax Return submissions at https://taxisnet.mof.gov.cy. Under Council of Ministers Decree K.D.P. 52/2025, employees,
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Finland consults proposed comprehensive tax reforms to boost household incomes, work incentives
Finland's Ministry of Finance has initiated a public consultation on sweeping amendments to income taxation and the Income Tax Act, designed to strengthen purchasing power and encourage employment. The package targets a EUR 230 million reduction in
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Chile: SII launches benchmark tool to assess transfer pricing risk
Chile’s Internal Revenue Service (SII) announced, on 23 June 2026, that it has unveiled industry-specific benchmark indicators enabling distribution companies to evaluate their transfer pricing compliance and identify potential tax risks. The
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