Singapore: IRAS issues advance ruling on offshore dividend payments
The Inland Revenue Authority of Singapore (IRAS) published Advance Ruling Summary No. 10/2026 on 1 Jul 2026, clarifying when dividend income received from an offshore subsidiary and subsequently paid to shareholders is not regarded as being
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Turkey publishes list of jurisdictions recognised for global minimum tax framework
Turkey has published Presidential Decision No. 11511 in the Official Gazette No. 33307 on 11 July 2026, approving the list of jurisdictions that have implemented key elements of the global minimum tax framework. The Decision, issued by the
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UK: HMRC launches advance tax certainty service for major investment projects
UK's HM Revenue and Customs (HMRC) has officially launched the Advance Tax Certainty Service, with applications open since 1 July 2026 to provide binding tax clearances for eligible major investment projects. The service is intended to reduce tax
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Austria: Nationalrat approves 24% higher CIT rate in 2027–2028 budget
Austria's parliament (Nationalrat) approved the Budget for 2027 and 2028 on 10 July, including the Budget Accompanying Act 2027–2028 (Budgetbegleitgesetz 2027–2028), which introduces a range of tax measures. Financial and tax
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Greece: AADE extends filing deadline for 2025 corporate, personal income tax returns
Greece’s Independent Authority for Public Revenue (AADE) has extended the deadline for submitting income tax returns for the 2025 tax year from 15 July 2026 to 24 July 2026. The extension applies to both personal income tax returns filed by
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Malaysia doubles tax deduction for corporate scholarship sponsorships
Malaysia’s Ministry of Finance has gazetted the Income Tax (Deduction for the Sponsorship of Scholarship to Malaysian Student Pursuing Studies at Technical and Vocational Certificate, Diploma, Bachelor’s Degree or Professional Certificate
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Belgium extends 2026 personal tax return deadline
Belgium’s tax authorities, SPF Finance, announced on 13 July 2026 that it has extended the filing deadline for the 2026 assessment year by four days following system outages that prevented taxpayers from submitting returns through
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Australia: ATO publishes exchange rates for financial year ending June 2026
The Australian Taxation Office (ATO) has published the foreign exchange rates for the financial year ending 30 June 2026, including annual average exchange rates and the nearest actual exchange rates as of 30 June 2026 for 18 currencies. All
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Cyprus extends first provisional tax deadline
Cyprus residents and companies earning non-salary income must pay provisional tax for 2026. The first instalment is due 31 July 2026, with an extended deadline of 31 August 2026 for those using online banking. Companies and individuals reporting
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European Commission releases Annual Tax Report (ART) providing latest insights into the revenue mix
The European Commission has presented its Annual Report on Taxation (ART), offering a detailed overview of taxation policies in all EU countries on 10 July 2026. This report assesses recent trends in EU tax systems and identifies ways to enhance
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Morocco: Lower House approves legislation to ratify MCAA-CbC
The Moroccan Chamber of Representatives approved Bill No. 76.19 on 6 July 2026, ratifying the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports. Signed by Morocco on 25 June 2019, the agreement
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Lithuania consults transfer pricing documentation, arm’s length range draft guides
The Lithuanian State Tax Inspectorate (STI) has opened a public consultation on 13 July 2026 on draft guides for transfer pricing documentation and establishing the arm's length range. The Q&A-style guides reflect the most common compliance
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UK: HMRC publishes draft side-by-side package, domestic top-up tax rules for multinationals
HMRC released a policy paper, draft legislation, and explanatory notes on 13 July 2026 covering the introduction of the Side-by-Side package and proposed changes to the UK's Multinational Top-up Tax and Domestic Top-up Tax regimes. Introduction
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Vietnam issues comprehensive tax administration decree with new digital tax, enforcement rules
Vietnam issued Decree No. 252/2026/NĐ-CP on 30 June 2026, providing detailed regulations and measures for implementing the Law on Tax Management. The decree applies to taxpayers, tax administration authorities, tax officials, and other state
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Sri Lanka enacts wide-ranging VAT amendments
Sri Lanka has enacted the Value Added Tax (Amendment) Act, No. 14 of 2026, introducing a series of changes to the Value Added Tax Act, No. 14 of 2002, including revised rules for digital services supplied by non-residents, higher tax rates for
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Taiwan clarifies business tax reporting requirements for imported electronic services
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance stated that domestic businesses and organisations purchasing electronic services from foreign e-commerce platforms are required to declare and pay business tax in
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Kazakhstan consults tax code reform package on investment climate, administration simplification
Kazakhstan has launched a public consultation on 2 July 2026, on a package of amendments to the Tax Code of the Republic of Kazakhstan, with proposals intended to improve the investment climate, simplify tax administration, and address a number of
See MoreUK: HMRC updates capital goods scheme to reduce VAT compliance burden
The UK’s HM Revenue & Customs (HMRC) has published a policy paper on the Simplification of the Capital Goods Scheme on 8 July 2026. This measure details the simplification of the Capital Goods Scheme to reduce the administrative burden for
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