Kenya: KRA sets 8% interest rate for fringe benefits, non-resident loans through year-end
The Kenya Revenue Authority (KRA) released a public notice on 8 July 2026 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans for July, August, and September
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US: IRS simplifies penalty relief, introduces automatic process for eligible taxpayers
The US Internal Revenue Service (IRS) announced on 8 July 2026 that it introduced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance. The
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Italy tax authority confirms SAFE investments qualify for 65% IRPEF deduction
Italy’s Revenue Agency has clarified on 8 July 2026 that Simple Agreements for Future Equity (SAFE) contracts used by early-stage startups meet the definition of "convertible investments" and therefore qualify for the 65% individual income tax
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OECD reports progress in tax co-operation, global minimum tax implementation
The OECD has released its Tax Co-operation for Development 2025 progress report, stating that assisting developing countries with adapting to the Global Minimum Tax (GMT) was a major priority during 2025 and will continue to be a focus in 2026. As
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Hong Kong: Government welcomes passage of Stamp Duty (Amendment) (No. 2) Bill 2026
Hong Kong’s government has welcomed the Legislative Council's passage of the Stamp Duty (Amendment) (No. 2) Bill 2026 on 8 July 2026 to provide for the arrangement for the calculation and payment of stamp duty arising from transactions of
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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 3 July 2026. The agreement
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Brazil announces scheduled CNPJ system shutdown ahead of alphanumeric Tax ID rollout
Brazil's Federal Revenue Service (RFB) has announced on 7 July 2026 that its CNPJ Mainframe environment will be unavailable on 25 July 2026, from 7:00 am to 7:00 pm, to facilitate the implementation of the new alphanumeric CNPJ (Brazilian National
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Brazil: RFB issues guidance on corporate social contribution on net profit
Brazil’s Federal Revenue Service (RFB) announced, on 8 July 2026, that it has introduced an additional Corporate Social Contribution on Net Profit (CSLL) to enforce a 15% minimum tax rate on multinational companies. The CSLL Surcharge aligns
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Vietnam gazettes decree updating transfer pricing rules
Vietnam has published Decree No. 255/2026/ND-CP, issued on 30 June 2026, introducing a new framework for tax administration of enterprises engaged in related-party transactions. The Decree sets out the principles, methods and compliance requirements
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EU: Belgium, Bulgaria, Cyprus face reasoned opinions over DAC9 transposition gaps
The European Commission issued reasoned opinions to Belgium, Bulgaria, and Cyprus for failing to fully transpose Directive (EU) 2025/872 (DAC9), which establishes rules for the filing and exchange of GloBE Information Returns (top-up tax information
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Botswana introduces new tax administration Act, updates income tax and VAT
Botswana has announced the re-enactment of the Income Tax Act and the Value Added Tax (VAT) Act, amendments to the Customs Act, and the introduction of a new Tax Administration Act aimed at harmonising administrative and procedural rules for both
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France gets reasoned opinion over unfinished VAT exemption IT system for small businesses
France has received a reasoned opinion from the European Commission, as outlined in its July 2026 infringements package published on 7 July 2026, for failing to fulfil its obligations to provide all the IT functionalities required to enable the
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Romania approves Form F8000 for crypto asset reporting
Romania has published Order No. 750/2026, issued by the President of the National Agency for Fiscal Administration, approving the model and content of Form (F8000) for use by reporting crypto asset service providers. The final Order introduces
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European Commission opens infringement cases against Germany, France, Italy over dividend tax rules
The European Commission has opened infringement procedures against Germany, France and Italy over national rules governing the taxation of dividends received from subsidiaries in other EU Member States, saying the legislation is incompatible with
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UAE updates Pillar Two guidance with OECD 2026 commentary, administrative guidance
The UAE has updated the guidance for its domestic Pillar Two regime by issuing Ministerial Decision No. 96 of 2026 on the Commentary and Agreed Administrative Guidance for the Purposes of Cabinet Decision No. 142 of 2024 on the Imposition of Top-Up
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Pakistan enacts Finance Act 2026 with income tax reforms, digital compliance measures
Pakistan's Federal Board of Revenue (FBR) has published the Finance Act 2026, enacted on 26 June 2026, introducing a wide range of amendments to the Income Tax Ordinance, 2001 covering personal taxation, digital tax administration, withholding
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Romania gazettes modernised advance pricing agreement, transfer pricing documentation rules
Romania has published Order No. 827/2026 and Order No. 828/2026 in the Official Gazette on 30 June 2026. Order No. 827 revises the procedures and application requirements for issuing and modifying advance pricing agreements (APAs), while Order No.
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UK, Sweden sign MOU on arbitration procedures for tax treaty disputes
The UK and Sweden have agreed a Memorandum of Understanding (MOU) establishing detailed procedures for conducting arbitration under Article 23 of the Convention between the UK of Great Britain and Northern Ireland and the Kingdom of Sweden for the
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