UK: HMRC consults simplification of treaty relief for overseas withholding tax on interest
UK’s HM Revenue and Customs (HMRC) launched a consultation on Simplifying Treaty Relief from Withholding Tax on Interest Paid Overseas on 13 July 2026. This consultation details the current processes for obtaining treaty relief available under
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Greece enacts sweeping law on housing, debt settlement, energy relief and tax measures
Greece has enacted Law 5313/2026, published in Government Gazette A' 102 on 25 June 2026, introducing a broad package of measures aimed at addressing the impact of the energy crisis, increasing disposable income and expanding housing support,
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UK: Tax rules on business succession, digital compliance enters into force in April 2026
The UK's 2026/27 tax year introduces a broad package of tax measures taking effect from April 2026, with changes affecting business succession, tax compliance, employment costs, property taxation and employee incentives. Although many of the
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UK: HMRC launches advance tax certainty service for major investment projects
UK's HM Revenue and Customs (HMRC) has officially launched the Advance Tax Certainty Service, with applications open since 1 July 2026 to provide binding tax clearances for eligible major investment projects. The service is intended to reduce tax
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Austria: Nationalrat approves 24% higher CIT rate in 2027–2028 budget
Austria's parliament (Nationalrat) approved the Budget for 2027 and 2028 on 10 July, including the Budget Accompanying Act 2027–2028 (Budgetbegleitgesetz 2027–2028), which introduces a range of tax measures. Financial and tax
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Australia: ATO publishes exchange rates for financial year ending June 2026
The Australian Taxation Office (ATO) has published the foreign exchange rates for the financial year ending 30 June 2026, including annual average exchange rates and the nearest actual exchange rates as of 30 June 2026 for 18 currencies. All
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European Commission releases Annual Tax Report (ART) providing latest insights into the revenue mix
The European Commission has presented its Annual Report on Taxation (ART), offering a detailed overview of taxation policies in all EU countries on 10 July 2026. This report assesses recent trends in EU tax systems and identifies ways to enhance
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Vietnam issues comprehensive tax administration decree with new digital tax, enforcement rules
Vietnam issued Decree No. 252/2026/NĐ-CP on 30 June 2026, providing detailed regulations and measures for implementing the Law on Tax Management. The decree applies to taxpayers, tax administration authorities, tax officials, and other state
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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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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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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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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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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
See MoreEuropean 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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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
See MoreUK, 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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