Hong Kong: IRD expands business tax portal access for non-Hong Kong company representatives
The Hong Kong Inland Revenue Department has announced enhancements to the Business Tax Portal (BTP), expanding access to allow authorised representatives of non-Hong Kong companies, as well as additional eligible individuals acting as Responsible
See More
US: IRS and Security Summit partners announce new framework to better protect taxpayers and tax revenue from fraud
The US Internal Revenue Service (IRS) and Security Summit partners announced on 8 June 2026 that a restructuring of the public-private partnership is designed to strengthen protections and enhance information sharing across the tax system. The
See More
Australia: ATO updates public CbC reporting guidance
The Australian Taxation Office (ATO) issued new guidance on public country-by-country (CbC) reporting on 9 June 2026. Australia's public CbC reporting rules apply to reporting periods commencing on or after 1 July 2024, with reports required to be
See More
Denmark: Tax Authority denies automatic tax deferral on share exchange without proper asset valuations
Denmark’s tax agency issued a binding ruling on 4 June 2026 addressing the tax treatment of a proposed share exchange by a family-owned business group. In Tax Council Binding Answer No. SKM2026.264.SR, the authority clarified when such
See MoreUS: Judge blocks Trump-era restrictions on clean energy tax credits
A US federal judge has overturned a Trump administration policy that had tightened requirements for renewable energy developers to claim federal tax incentives. US District Judge Colleen Kollar-Kotelly ruled on Saturday, 6 June 2026, that the
See More
OECD opens registration for Tax and Development Days 2026
The OECD has announced that registration is now open for the OECD Tax and Development Days 2026, a virtual event scheduled for 17 and 18 June 2026. This event provides an update on OECD initiatives to strengthen tax capacity, enhance tax policy,
See More
Rwanda issues VAT collection rules for digital, online supplies
Rwanda’s government has published Ministerial Order No. 004/26/10/TC of 29 April 2026 in the Official Gazette No. Special of 29/04/2026, which introduces several key changes and measures regarding Value Added Tax (VAT) on online services,
See More
Bangladesh to introduce major tax relief package to boost investment, to reduce AIT and VAT across various sectors
The Bangladesh government is preparing sweeping tax cuts across multiple sectors in its upcoming 2026-27 budget, designed to make Bangladesh a more attractive investment destination. The push includes reduced advance income tax (AIT) rates, slashed
See More
US: IRS details agency activities in fiscal year 2025 Data Book
The US Internal Revenue Service (IRS) issued the 2025 Data Book on 5 June 2026, detailing the agency’s activities during fiscal year 2025. The report provides a statistical overview of the agency’s operations and the work employees performed to
See More
Belgium aligns with OECD’s common understanding on centralised filing, exchange of GIR
The OECD released the common understanding of implementing jurisdictions on the centralised filing and exchange of the GloBE Information Return (GIR) on 18 May 2026. 33 of the 37 implementing countries, which impose a reporting obligation from the
See More
Bangladesh to introduce fast-track approvals, tax overhaul in 2026-27 budgetÂ
Bangladesh's government plans to roll out sweeping deregulation reforms aimed at reducing business friction, streamlining licensing requirements, and overhauling tax administration. Finance Minister Amir Khosru Mahmud Choudhury will dedicate a
See More
Croatia: MoF issues implementing rules for global minimum tax framework
Croatia’s Ministry of Finance issued the Regulations (Ordinance) of 15 May 2026 on Minimum Global Corporate Profit Tax (published in Narodne novine No. 53/2026), providing the detailed legal framework for implementing the Global Minimum
See MoreHong Kong: IRD issues GloBE information return schema, user guides
The Hong Kong Inland Revenue Department (IRD) has revised its guidance on the global minimum tax and Hong Kong minimum top-up tax for multinational enterprise groups, including the release of the GloBE Information Return (GIR) XML Schema and user
See More
India expands tax exemptions for foreign investors in government securities
India has published the Income-Tax (Amendment) Commencement Ordinance 2026 in the Official Gazette on 5 June 2026, introducing a targeted set of tax reforms aimed at strengthening foreign participation in Indian Government securities markets. The
See More
Singapore updates IRAS guidance on Pillar Two top-up tax registration rules
The Inland Revenue Authority of Singapore (IRAS) has revised its guidance on the registration requirements for the Multinational Enterprise Top-up Tax and the Domestic Top-up Tax. Following the 2024 Budget, Singapore has introduced new global
See More
Kuwait approves accession to BEPS multilateral convention
Kuwait has published Decree-Law No. 62 of 2026 in the Official Gazette on 7 June 2026, approving the country's accession to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
See More
Germany expands MLI tax treaty coverage under 2026 amendment law
Germany published the Act Amending the Act on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) in the Official Gazette on 5 June 2026, expanding the scope of Covered Agreements
See More
Turkey ratifies GIR MCAA to enable automatic GloBE information exchange
Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 11396 on 6 June 2026, approving the ratification of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA). The GIR
See More