Cyprus extends 2025 personal income tax filing deadline
Cyprus has pushed back the filing deadline for 2025 individual income tax returns to 31 October 2026, giving taxpayers extended time to prepare and submit their annual declarations without triggering penalties. The Council of Ministers issued the
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Hong Kong: Government welcomes passage of Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026
Hong Kong’s government welcomed the passage of the Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026 by the Legislative Council on 17 June 2026, to enhance the administrative framework for the automatic exchange of
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South Africa issues guidance on global minimum tax filing requirements for MNEs
The South African Revenue Service (SARS) has published guidance outlining how in-scope multinational enterprises (MNEs) must submit the global minimum tax return (GMT01), the global minimum tax declaration form (GMT02), and the related tax
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Vietnam clarifies reporting obligations under CbC MCAA
Vietnam's Department of Taxation has released Official Letter No. 3870/CT-CS on 10 June 2026, providing guidance on the implementation of obligations relating to Country-by-Country (CbC) Reports . The guidance follows Vietnam’s accession to the
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Sri Lanka: IRD notifies taxpayers of May 26 VAT, VAT on FS filing deadlines
The Inland Revenue Department (IRD) of Sri Lanka has issued reminders to taxpayers regarding Value Added Tax (VAT) and VAT on Financial Services (VAT on FS) for the month of May 2026. Both payments and returns must be completed within the
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Belgium consults draft undertaxed payments rule (UTPR) top-up tax return for 2025
Belgium has launched a public consultation on a draft undertaxed payments rule (UTPR) top-up tax form and related explanatory guidance for the 2025 tax year. UTPR explanatory guidance Issued by the Federal Public Service Finance, the official
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Netherlands: Exit payments from departing cooperative members are taxable profit
The Netherlands Tax Administration’s Knowledge Group, responsible for specific corporate tax profit determination, has issued a position outlining the corporate income tax treatment of exit payments received by a cooperative from members who
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Belgium gazettes decree on QDMTT, IIR return forms for 2025 assessment year
Belgium’s Ministry of Finance has gazetted Royal Decrees establishing the return forms for both the Qualified Domestic Minimum Top-Up Tax (QDMTT) and the Income Inclusion Rule (IIR) for the 2025 assessment year. Both Royal Decrees of 5 June 2026
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Austria: Draft Budget Accompanying Act 2027–2028 sets out progressive CIT rate
Austria’s government has submitted the Draft Budget Accompanying Act 2027–2028 to Parliament, introducing a range of tax measures under the dual budget framework for 2027 and 2028. The proposals aim to strengthen fiscal consolidation efforts,
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Portugal further extends CIT deadline for Form 22 filing, payment
Portugal has granted a further extension for the submission of the periodic corporate income tax return (Form 22) and the corresponding payment for the 2025 tax period, moving the deadline from 19 June to 30 June 2026. The extension was announced
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UAE: FTA opens Pillar Two Top-up tax registration through EmaraTax
The UAE’s Federal Tax Authority (FTA) has activated Pillar Two top-up tax registration on the EmaraTax portal, requiring in-scope multinational enterprise (MNE) groups to begin assessing their registration obligations and preparing the necessary
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Botswana sets VAT rollout timetable for remote services under amended law
The Botswana Unified Revenue Service (BURS) has published a public notice on 29 May 2026 outlining the implementation timelines, registration windows and filing deadlines for the Value Added Tax (VAT) (Amendment) Act No. 16 of 2025, which became
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Dominican Republic proposes increased corporate tax amongst other reforms in new fiscal package
The Dominican Republic's Ministry of Finance and Economy has unveiled a pro-growth and anti-crisis fiscal package on 11 June 2026 that has been presented to the National Congress for consideration. This fiscal package is designed to shore up public
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Finland proposes retroactive 2026 individual tax relief, includes higher household credits
Finland’s Ministry of Finance has announced that the government has submitted a proposal on 11 June 2026 to Parliament to amend the Income Tax Act. The changes concerning individuals are intended to take effect retroactively from the beginning of
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Thailand: Cabinet approves GloBE information exchange agreement under Pillar Two
Thailand’s Cabinet has approved the signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), marking a further step in the country’s implementation of the OECD/G20 Inclusive Framework’s Pillar
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IMF urges Serbia to strengthen tax administration and transparency reforms to support growth
On 15 June 2026 the IMF issued a report following the Third Review under the Policy Coordination Instrument (PCI). The report notes that Serbia’s economy has remained resilient, and economic activity strengthened in 2026, following economic
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IMF urges Ukraine to reform tax system, tackle informal economy to support growth and revenue mobilisation
On 12 June 2026 the IMF issued a report following discussions with the Ukrainian authorities on the first review of the four-year extended fund facility (EFF) arrangement and the 2026 Article IV consultation. The Article IV discussions focused on
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IMF study finds R&D tax incentives drive innovation only when skilled research talent is available
An IMF working paper with the title “Innovation, Human Capital, and Taxation: Evidence from a Structural Model of the Canadian Economy”, written by Sandra Valentina Lizarazo Ruiz, was released in June 2026.The working paper looked at the
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