Slovenia: FURS initiates testing phase for Pillar Two top-up tax returns
The Financial Administration of the Republic of Slovenia (FURS) announced, on 6 May 2026, that it has enabled test submissions of Pillar Two top-up tax returns on the BETA eDavki portal. The functionality covers two types of returns. The
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Kazakhstan advances CARF implementation ahead of 2027 exchanges
Kazakhstan is moving forward with the implementation of the Crypto Asset Reporting Framework (CARF), as stated in a recent OECD update on 6 May 2026. The jurisdiction plans to initiate the first exchange of information under this standard in
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Australia: ATO hosts third Pillar Two information session ahead of June lodgment deadline
The Australian Taxation Office has issued a Recap of its Pillar Two April information session on 8 May 2026. In April, the Australian Taxation Office (ATO) hosted its third Pillar Two information session about implementing the global and domestic
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EU: Economic and Financial Affairs Council agrees to strengthen cooperation with EU investigative bodies to combat VAT fraud
The EU Economic and Financial Affairs Council provisionally agreed on new rules to strengthen the fight against value added tax (VAT) fraud in the EU by ramping up cooperation between member states, the European Public Prosecutor’s Office (EPPO)
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Kenya: President assents to income tax, SEZ and technopolis bills
Kenya’s President William Ruto has signed into law the Income Tax Bill, the Special Economic Zones (Amendment) Bill, and the Technopolis Bill at State House, Nairobi, on 11 May 2026. The new laws are streamlining Kenya’s regulatory framework
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Malaysia court rules service fees and late-payment interest on credit sales constitute business income
The Inland Revenue Board of Malaysia (IRBM) has released a case report on a recent High Court ruling addressing whether service charges and late-payment interest arising from credit sales should be treated as business income under Section 4(a) or as
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Canada unveils CAD 1.5 billion support package for tariff-affected industries, includes steel, aluminium and copper sectors
Canada’s government has announced CAD 1.5 billion to support several of Canada’s tariffed industries on 4 May 2026. This includes the creation of a new CAD 1 billion Business Development Bank of Canada (BDC) program available to industries
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Ireland: Revenue outlines Pillar Two progress in 2025 annual report
Irish Revenue published its 2025 Annual Report on 7 May 2026, together with a range of research and statistical papers, outlining total gross receipts of EUR 157 billion for the year. The figure includes EUR 34.9 billion collected on behalf of
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UK: Supreme Court grants permission to appeal in major SDLT anti-avoidance dispute
The UK Supreme Court has granted the Tower One St George Wharf Limited permission to appeal in a high‑value stamp duty land tax (SDLT) dispute with HMRC concerning the transfer of a central London residential property. The appeal will focus on the
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Greece: AADE further extends ship tax filings, payment deadline
Greece's Independent Authority for Public Revenue (AADE) has announced a second postponement of filing requirements for ship operators under the Greek Tonnage Tax Law. The new deadline of 30 June 2026 replaces the previously extended date of 30
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New Zealand: Inland Revenue consults GST rules for unincorporated bodies
New Zealand’s Inland Revenue launched a public consultation on 6 May 2026, regarding a new GST guideline for unincorporated bodies. The guide helps taxpayers identify which GST rules apply to their specific organisational structure. Some GST
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UAE extends e-invoicing accredited service provider appointment deadline for large businesses
The UAE Ministry of Finance (MoF) has announced targeted amendments to the ministerial decisions governing the eInvoicing system, including an extension of the deadline for the appointment of an Accredited Service Provider (ASP) from 31 July 2026 to
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Bulgaria proposes higher VAT threshold to support small businesses
Bulgaria’s National Assembly is considering proposals to raise the mandatory Value Added Tax (VAT) registration threshold to EUR 85,000, up from the current level of around EUR 50,130–51,130. Members of parliament have submitted two separate
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Angola imposes 5% levy on foreign tourists
Angola will introduce a tourism levy on international travellers beginning in late July 2026, following the publication of Presidential Legislative Decree No. 4/26 on 30 April 2026. The Special Contribution for Tourism requires international
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US: IRS permits retroactive cost allocation refinement, setoff relief in transfer pricing case
In a Chief Counsel Advice memorandum dated 27 January 2026 and released publicly on 1 May 2026, the US Internal Revenue Service (IRS) ruled that a multinational corporation could retroactively adopt a more detailed cost allocation approach for
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OECD updates GIR MCAA automatic exchange of GloBE information signatories list
The OECD published an updated list of signatories, including their signing dates, to the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA) on 5 May 2026. The agreement
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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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