Malta updates corporate income tax return for 2026 with transfer pricing, new reporting changes
Malta's Commissioner for Revenue has announced that the electronic corporate income tax return for the year of assessment 2026 is now available through its online services. The supplemental document for Fiscal Units is also available for
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Bulgaria advances DAC8 and DAC9 transposition: Expands crypto reporting, Pillar Two exchange rules, transfer pricing framework
Bulgaria’s Council of Ministers has approved and submitted a draft bill to the National Assembly on 7 May 2026 to transpose two European Union directives into national law: Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU)
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Countries move into Pillar Two filing phase as first compliance deadlines approach
Tax authorities across several jurisdictions are accelerating the rollout of compliance systems for the OECD’s Pillar Two global minimum tax regime, with new filing portals, technical specifications, deferrals and reporting procedures now being
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Switzerland: Federal Council consults amendment to minimum taxation ordinance
The Swiss Federal Council has opened a consultation on 6 May 2026 on an amendment to the Ordinance on Minimum Taxation, implementing two parliamentary motions of identical content (motions 25.4392 and 25.4399). The proposed revision concerns the
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Montenegro sets 2026 arm’s length interest rate for related party loans
Montenegro has set the deemed arm’s length interest rate for 2026 at 4.97% after the Ministry of Finance adopted a Rulebook regulating interest rates on financial instruments between related parties. The Rulebook was published in the Official
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Rwanda introduces detailed VAT rules for online goods and services
Rwanda has issued new rules governing the application of value-added tax (VAT) on online goods and services through Ministerial Order No. 004/26/10/TC, published in the Official Gazette on 29 April 2026. The Order implements the VAT framework for
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UK: HMRC revises electricity generator levy from July 2026
The UK HM Revenue & Customs (HMRC) has confirmed changes to the Electricity Generator Levy (EGL), increasing the rate from 45% to 55% with effect from 1 July 2026, according to a policy paper released on 6 May 2026. The EGL applies to certain
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Singapore: IRAS issues 2026 corporate tax filing guidance
The Inland Revenue Authority of Singapore (IRAS) has released updated guidance for the Corporate Income Tax Filing Season 2026, setting the filing deadline for the Year of Assessment (YA) 2024 Corporate Income Tax Return (Form C-S/ Form C-S (Lite)/
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US: House advances bipartisan tax administration and relief bills
The US House of Representatives has approved a bipartisan package of tax administration, disaster relief, and workforce-related bills aimed at modernising IRS operations, expanding taxpayer protections, strengthening the IRS whistleblower program,
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Dominican Republic: DGII extends e-invoicing deadline for small, micro and unclassified taxpayers
Dominican Republic’s General Directorate of Internal Taxes (DGII), under the Ministry of Finance and Economy (RNC: 401-50625-4), has announced an exceptional and general administrative extension to the deadline for the implementation of electronic
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New Zealand sets deemed rate of return for foreign investment funds for 2025–26 income year
New Zealand Inland Revenue has issued a determination on 29 April 2026, which sets the deemed rate of return, used to calculate foreign investment fund income under the deemed rate of return calculation method, for the 2025-26 income year at 7.84%.
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Hong Kong: IRD urges timely filing of 2025/26 individual tax returns
The Inland Revenue Department (IRD) has reminded Hong Kong taxpayers that individual tax returns for the 2025/26 assessment year must be submitted promptly following their issue on 4 May 2026. Most individual taxpayers have until 4 June 2026 to
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Sri Lanka: IRD begins national e-invoicing rollout under 2026 Budget
The Sri Lankan Inland Revenue Department (IRD) has issued a Notice on 4 May 2026 to Value Added Tax (VAT) Registered Persons announcing the implementation of a National e-Invoicing System under the National Budget 2026. The project has already
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Turkey: Draft omnibus law introduces 12.5% corporate tax rate for domestic producers
Turkey's Planning and Budget Commission of the Grand National Assembly has approved a draft omnibus law that would establish a significantly reduced corporate tax rate for domestic manufacturing and agricultural producers, marking a major shift in
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Greece extends Article 5C special tax regime to public sector employees
Greece’s Ministry of National Economy and Finance and the Independent Authority for Public Revenue (AADE) have announced an extension of the special taxation regime under Article 5C of the Income Tax Code (ITC), expanding eligibility to include
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Romania expands RO e-invoice registration requirements with new rules for individuals, organisations
Romania’s National Agency for Fiscal Administration (ANAF) published a draft order on 16 January amending Order No. 3789/2024, which governs the mandatory RO e-Invoice Register. The update introduces revised procedures and a new Form 082 that
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Austria consults on major tax law reform draft for 2026
Austria’s Ministry of Finance has published a draft bill introducing amendments to various tax laws and has opened a public consultation. The proposal aims to improve tax fairness, combat tax fraud, reduce the tax burden on workers, and simplify
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Romania tightens excise controls with new licensing requirements and financial guarantees
Romania’s government gazetted Government Emergency Ordinance (GEO) No. 13/2026 on 9 March 2026, which introduces a series of fiscal and budgetary reform measures primarily aimed at protecting the state budget by tightening controls on debt
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