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
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UK: 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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Chile: SII updates 2% luxury tax asset, price lists for Q2 2026
Chile's Internal Revenue Service (SII) issued Resolution No. 89 dated 26 June 2026, updating the lists of assets and their corresponding market values for purposes of applying the 2026 luxury tax. This tax framework imposes a 2% annual tax on the
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Italy: EU Council extends VAT split-payment derogation until June 2029
Italy has received approval to continue applying its VAT split-payment system following the adoption, without discussion, of an EU Council Implementing Decision at the Economic and Financial Affairs (ECOFIN) Council meeting held on 10 July
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Australia: ATO strengthens compliance action on over-claimed expenses, GST credits
The Australian Taxation Office (ATO) announced on 8 July 2026 enhanced compliance measures targeting businesses that intentionally overstate deductible expenses and GST credit claims. ATO is strengthening compliance action on businesses that
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Italy confirms transition 4.0 tax credits survive corporate restructuring if business continuity is maintained
Italy’s Revenue Agency has issued Response no. 139 on 10 July 2026, confirming that companies undergoing severe corporate restructuring do not automatically forfeit their Transition 4.0 tax credits. The ruling emphasises that the true deciding
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Australia consults 30% minimum tax for discretionary trusts
Australia has opened a consultation on the implementation of a proposed 30% minimum tax for discretionary trusts on 8 July 2026. The proposed 30% minimum tax for discretionary trusts is scheduled to take effect from 1 July 2028. The proposal,
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Cyprus aligns Pillar Two rules with latest OECD guidance
Cyprus released Decree No. 272/2026 on 26 June 2026 to incorporate OECD materials released after the country's own Pillar Two legislation took effect. The new decree recognises five key OECD documents: the January 2025 Administrative Guidance,
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Taiwan: Tax Bureau reminds companies about stock investment tax rules
Taiwan’s securities market has been highly active. Not only have individual investors participated extensively, but many profit-seeking enterprises have also used idle funds for stock investments to increase non-operating income. When realising
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France issues rules for preparing, filing CbC reporting
France has published the Order of 3 July 2026 in the Official Gazette on 9 July 2026, establishing the rules for preparing and filing the profit tax information declaration (Public Country-by-Country Report) required under the French Commercial
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Germany updates 2026 basis for negotiating double taxation agreements
Germany has published the 2026 update to its basis for negotiating Double Taxation Agreements (DTAs) covering taxes on income and on capital. The document serves as the Federal Government's starting point for treaty negotiations with foreign states
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Uruguay issues reporting requirements for digital platform operators
Uruguay published Resolution No. 1.518/2026 on 30 June 2026 in the Diario Oficial on 1 July 2026, establishing reporting requirements for Digital platform operators acting as intermediaries in the rental of immovable property in the
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OECD publishes video recordings from Tax and Development Days 2026 on tax certainty, revenue mobilisation
The OECD has published video recordings of the sessions from OECD Tax and Development Days 2026, the virtual event held on 17–18 June 2026. Under the overall theme From Rules to Results: Turning Tax Policy into Development Impact, this year’s
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Lithuania exempts cultural heritage properties from real estate tax
The Lithuanian Parliament proposed amendments to the Law on Real Estate Tax on 8 July 2026 that would exempt certain cultural heritage properties from real estate tax. The amendment adds two new exemptions to Article 7 of the real estate tax law.
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EU: Parliament adopts ‘EU Inc’ framework, centralised VAT regime to boost competitiveness
Members of the European Parliament have adopted a resolution (TA-10-2026-0270) outlining tax measures aimed at enhancing the EU's competitiveness on 9 July 2026. The proposals include simplifying VAT procedures, introducing coordinated and
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Lithuania amends environmental pollution tax law, removes batteries from tax regime
Lithuania has adopted amendments to the Law on Environmental Pollution Tax that remove batteries and accumulators from the list of taxable products subject to the tax on environmental pollution from product waste. The changes, adopted on 7 July
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