Barbados, Cyprus, the Czech Republic, and Romania join multilateral competent authority agreement on the exchange of GloBE information (GIR MCAA)
The OECD announced that the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) was signed by Barbados and Cyprus on 12 May 2026, by the Czech Republic on 11 May 2026, and by Romania on 9 April 2026. A key
See More
Slovak Republic overhauls VAT system to support digital economy and fair competition
The Slovak Republic’s Ministry of Finance announced that it is advancing a modernised VAT framework designed to streamline compliance, level the competitive playing field between traditional and digital service providers, and strengthen anti-fraud
See More
Bolivia enacts tax amnesty and structural reforms under new legislation
Bolivia's National Tax Service (NTS) has announced the implementation of Law No. 1733 of 27 May 2026, which introduces a tax relief programme to help taxpayers settle outstanding historical tax liabilities through automatic full debt forgiveness and
See More
New Zealand: Inland Revenue issues guidance on GST for low-value pre-registration goods, services
New Zealand Inland Revenue has issued Tax Information Bulletin - June 2026 on 22 May 2026, which includes Commissioner's statement (CS) 26/02: GST treatment of low value pre-registration acquired goods and services, among other
See More
Turkey enacts law introducing sweeping corporate tax reforms, incentives
Turkey enacted Law No. 7582 on 4 June 2026, introducing a broad package of tax reforms, including a differentiated corporate tax system and expanded incentives for exports, production, and qualified service activities. The legislation also
See More
Belgium to digitise diplomatic exemption requests for customs and excise duties
Belgium's General Administration of Customs and Excise announced on 5 June 2026 that it is introducing a digital system for exemption requests starting 1 July 2026. The initiative targets diplomatic missions, international organisations operating
See More
Sweden proposes digital reporting, new enforcement powers for coupon tax system
Sweden has submitted a proposal to the Council on Legislation from the Ministry of Finance introducing changes to the administration rules for reporting of withholding tax on dividends (coupon tax, Kupongskatt). The measures aim to reduce
See More
US: Treasury, IRS announce intent to issue proposed regulations for excise tax on excess tax-exempt organisation executive compensation under the One, Big, Beautiful Bill
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 5 June 2026 that it issued Notice 2026-36, announcing its intent to issue proposed regulations addressing the tax on excessive compensation and excess parachute
See More
Panama updates reportable jurisdictions list under CRS
Panama has updated its CRS reportable jurisdictions list through Executive Decree No. 21 of 27 May 2026, as published in the Official Gazette. This executive decree establishes the updated list of foreign jurisdictions subject to financial data
See More
Poland: Council of Ministers approves VAT overhaul to ease burden on business owners
Poland's Council of Ministers has approved amendments to the Act on the Goods and Services Tax and taxpayer identification laws on 2 June 2026, reshaping how entrepreneurs handle tax compliance from 1 October 2026. The reforms eliminate
See More
Philippines: DoF clarifies local tax rules to improve business ease, support growth
The Philippines Department of Finance (DOF), together with the Department of the Interior and Local Government (DILG) and the Department of Trade and Industry (DTI), has issued Joint Memorandum Circular (JMC) No. 01-2026, or the Guidelines on the
See More
Chile introduces VAT on transactions for foreign online gambling platforms
Chile’s Internal Revenue Service (SII) announced that it released Resolution No. 69 on 3 June 2026, establishing the registration system and setting a mechanism for platforms without domicile or residence in Chile that provide betting, gambling,
See More
Italy Tax Authority tightens gift tax relief rules for family business transfers
Italy's tax administration issued two critical rulings on 4 June 2026 dismissing attempts to minimise gift tax during generational corporate transfers. Both decisions reinforce a core principle: transferring shares to the next generation only
See More
European Commission urges Germany to remove restrictions on SME investment allowance abroad
The European Commission has issued a letter of formal notice to Germany for non-compliance with EU rules on freedom of establishment, finding that the country’s SME investment deduction allowance may discriminate against cross-border investments
See More
European Commission urges Poland to address DAC7 reporting non-compliance by foreign digital platforms
The European Commission has issued a letter of formal notice to Poland for incorrectly transposing Council Directive (EU) 2021/514 (DAC7), specifically regarding the exemption from EU registration and reporting obligations for foreign platform
See More
Australia: ATO issues guidance on reporting income earned through digital platforms or apps
The Australian Taxation Office (ATO) has released general guidance on reporting income earned through digital platforms or apps on 3 June 2026. Money earned through digital platforms or apps is sharing economy income and must be reported in a tax
See More
Norway: MoF consults Pillar Two Side-by-Side Package implementation
The Norwegian Ministry of Finance has launched a public consultation on proposed amendments to the Supplementary Tax Act, introduced in January 2024 to implement the Pillar Two global minimum tax rules. The Act of 12 January 2024 implements
See More
Portugal introduces housing tax incentives to expand affordable rental market
Portugal has introduced a broad package of tax incentives and housing reforms through Decree-Law No. 97/2026 on 20 May 2026, with measures aimed at increasing housing supply and supporting moderate-priced homes for the middle class and first-time
See More