Lithuania adopts new social security contribution rules for employees with multiple employers
Lithuania has published Law No. XV-1065, signed on 25 June 2026, introducing new rules for the calculation and payment of social insurance contributions for employees who work for multiple employers. The amendments to Article 10 of the Law on
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Australia: ATO warns super holders with balances above AUD 3 million to prepare for Division 296 tax
The Australian Taxation Office (ATO) announced on 7 July 2026 that the Better Targeted Super Concessions (Division 296) are now law and will come into effect for the 2026–27 financial year onwards. That means from 1 July 2026, individuals with
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Australia enacts twin tax reform Acts, overhauls CGT discount, adds minimum tax rate on capital gains
Australia has enacted the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (Act No. 49 of 2026) and the Income Tax Rates Amendment (Tax Reform No. 1) Act 2026 (Act No. 50 of 2026), with both Acts receiving the royal assent on 26 June
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Taiwan: National Taxation Bureau clarifies gift tax filing rules, annual exemption
Taiwan’s National Taxation Bureau of the Southern Area, Ministry of Finance, stated that if the total value of property given by a donor to others within the same year does not exceed the tax exemption amount (starting from 2022, the exemption
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UAE: FTA issues updated VAT guide for educational services
The UAE's Federal Tax Authority (FTA) has published an updated Education Sector VAT Tax Guide (VATGED1), providing detailed guidance on the VAT treatment of educational services and related goods and services. The June 2026 guide explains the VAT
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Russia: State Duma approves first reading of employee incentive tax bill
Russia's State Duma has approved, in the first reading, a Ministry of Finance bill that would introduce tax incentives for administrators of employee incentive programmes by extending an existing tax exemption. This announcement was made on 7
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China extends unemployment insurance refunds and job subsidies through 2026
China has renewed its package of unemployment insurance incentives for another year, running from 1 January 2026 to 31 December 2026. The State Council-approved notice, issued on 18 June 2026 to provincial governments and the Xinjiang Production and
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UK: Supreme Court rules deferred partner profits taxable as miscellaneous income under Section 687
The UK Supreme Court ruled on 17 June 2026 that payments received by partners under a deferred remuneration scheme are taxable as miscellaneous income under section 687 of ITTOIA 2005, upholding the Court of Appeal's decision in HMRC v HFFX LLP
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Taiwan reminds small businesses of tax withholding, reporting obligations
Taiwan has reminded small-scale businesses exempt from issuing uniform invoices that they must still comply with tax withholding and reporting obligations when paying salaries, rent or other types of income, even if their taxes are assessed by the
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OECD expands GIR MCAA with Guernsey, Turkey joining framework
The OECD has announced that Guernsey and Turkey have joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), further expanding the international framework for the automatic exchange of information under
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Malaysia gazettes deduction cap for companies leasing new EVs
Malaysia’s Ministry of Finance has gazetted Income Tax (Deduction For Rental Payments) (Electric Motor Vehicles) Rules 2026 on 26 June 2026. These rules provide specific tax incentives for Malaysian companies that lease electric motor
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Kenya: KRA eliminates excise duty on bottled water
The Kenya Revenue Authority announced on 6 July 2026 that, under the Finance Act, 2026, which amends the First Schedule to the Excise Duty Act (Cap. 472), excise duty on bottled water has been abolished with effect from 1 July 2026. The announcement
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Ireland reintroduces 9% VAT for food businesses, hairdressers
Ireland's Government has announced, on 30 June 2026, the reintroduction of the 9% VAT rate for food and catering services and hairdressing from 1 July 2026, delivering a commitment set out in the Programme for Government. According to the
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Peru: SUNAT updates GAAR high tax risk scheme catalogue with 11 new arrangements
Peru's National Superintendency of Customs and Tax Administration (SUNAT) has published Version 4.0 of its Catalogue of High Tax Risk Schemes, adding 11 new arrangements that could be used to obtain undue tax benefits and may be challenged under the
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Qatar: GTA implements sugar-tiered excise tax on sweetened beverages from July 2026
Qatar’s General Tax Authority (GTA) has announced the implementation of a new Excise Tax mechanism on Sweetened Drinks, effective 6 July 2026, based on a Tiered Volumetric Model under which the applicable tax is calculated according to the amount
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Chile: SII clarifies carbon credits deductible only for own emissions
The Chilean tax authority (SII) has issued Letter Ruling No. 1529 of 22 June 2026, clarifying the deductibility of carbon credit purchases under amendments to Article 31 of the Chilean Income Tax Law that took effect in 2020. The ruling examines
See MoreChina ends tax breaks for new energy, energy-saving vehicles from 2027
China is eliminating vehicle tax exemptions for pure electric, plug-in hybrid, and fuel cell commercial vehicles starting 1 January 2027. This decision has been made through Announcement No. 19 of 2026 on the Vehicle and Vessel Tax reduction and
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Italy gazettes consolidated Income Tax Code effective from 2027
Italy has published Legislative Decree No. 117 of 19 June 2026 in the Official Gazette, introducing a new consolidated Income Tax Code (Testo Unico delle disposizioni legislative in materia di imposte sui redditi) that will apply from 1 January
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