Switzerland completes MLI procedures for Argentina treaty, effective from 2027
Switzerland has completed the domestic steps required for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) to take effect for its covered tax treaty with Argentina, according to
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Nigeria: Federal government issues transition guidelines for Tax Acts 2025
Nigeria’s Federal Ministry of Finance announced, on 18 June 2026, that the federal government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for the transition from the repealed tax laws to
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Canada: Spring Economic Update 2026 receives Royal Assent
Canada’s Department of Finance announced that Bill C‑30, An Act to implement certain provisions of the Spring Economic Update tabled in Parliament on 28 April 2026, has received Royal Assent on 19 June 2026. It delivers targeted measures to
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Austria: Draft Budget Accompanying Act 2027–2028 sets out progressive CIT rate
Austria’s government has submitted the Draft Budget Accompanying Act 2027–2028 to Parliament, introducing a range of tax measures under the dual budget framework for 2027 and 2028. The proposals aim to strengthen fiscal consolidation efforts,
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IMF urges Serbia to strengthen tax administration and transparency reforms to support growth
On 15 June 2026 the IMF issued a report following the Third Review under the Policy Coordination Instrument (PCI). The report notes that Serbia’s economy has remained resilient, and economic activity strengthened in 2026, following economic
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IMF urges Ukraine to reform tax system, tackle informal economy to support growth and revenue mobilisation
On 12 June 2026 the IMF issued a report following discussions with the Ukrainian authorities on the first review of the four-year extended fund facility (EFF) arrangement and the 2026 Article IV consultation. The Article IV discussions focused on
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IMF study finds R&D tax incentives drive innovation only when skilled research talent is available
An IMF working paper with the title “Innovation, Human Capital, and Taxation: Evidence from a Structural Model of the Canadian Economy”, written by Sandra Valentina Lizarazo Ruiz, was released in June 2026.The working paper looked at the
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South Africa: SARS updates average exchange rates for foreign currency tax calculations
The South African Revenue Services (SARS) released updated Average Exchange Rates on 8 June 2026, providing essential data for calculations. The update includes rates for the Australian dollar, Canadian dollar, Euro, Hong Kong dollar, Indian
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Qatar: GTA Launches tax certification programme to develop national competencies
Qatar’s General Tax Authority (GTA) has announced, on 16 June 2026, the launch of the nationally recognised Certified Tax Specialist Programme, aimed at developing national competencies and strengthening the capabilities of tax professionals,
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UK: HMRC updates anti-avoidance rule for share exchanges, reconstructions
The UK’s HMRC outlined changes to Section 137 of the Taxation of Chargeable Gains Act 1992 (TCGA) that took effect on 26 November 2025, published in the Capital Gains Manual on the Anti-avoidance rule for share exchanges and company
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UK’s His Majesty's Revenue and Customs (HMRC) has initiated a consultation on 10 June 2026 regarding the measures to mitigate double taxation affecting UK-resident individuals who are members of United States limited liability companies (LLCs) and
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OECD consults amendments to digital platform reporting rules to address implementation challenges
The OECD has initiated a public consultation on proposed amendments to the Model Reporting Rules for Digital Platforms (MRDP) aimed at resolving practical and interpretative challenges identified during their implementation. The Model Rules for
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Bangladesh proposes 15% capital gains tax on flats received in land development deals
The Bangladesh government has proposed imposing a 15% capital gains tax on apartments and other non-cash benefits received by landowners under property development agreements, according to the Finance Bill 2026 presented by Finance Minister Amir
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Pakistan reduces exemptions, accelerates tax administration digitalisation in FY2026-27 budget
Pakistan's government presented its Federal Budget for FY2026-27 on 12 June 2026, targeting PKR 20.6 trillion in revenue through higher tax collections, tax administration reforms and broader economic documentation as it seeks to maintain
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Norway: Parliament mandates mandatory e-invoicing, digital bookkeeping
Norway’s Parliament (Stortinget) has passed legislation requiring digital bookkeeping and e-invoicing for all businesses subject to bookkeeping obligations, with implementation deadlines set for 1 January 2027 and 1 January 2030. Under the
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Austria: Nationalrat approves budget measures Act 2026
Austria's Nationalrat on 10 June 2026 approved the Budget Measures Act 2026 (BudgetmaĂźnahmengesetz 2026), a legislative package amending several federal laws with measures aimed at strengthening tax fairness, combating tax fraud, reducing the tax
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Sri Lanka: IRD enacts broad tax reform measures, relief provisions
The Inland Revenue Department (IRD)Â of Sri Lanka has published a notice to taxpayers outlining modifications introduced to the Inland Revenue Act No. 24 of 2017 through the Inland Revenue (Amendment) Act No. 11 of 2026, which received
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Bolivia: SIN revises tax haven jurisdiction list
Bolivia’s Tax Authority (SIN) has issued Resolution No. 102600000016 on 27 May 2026, which updates the official list of countries or regions considered to have low or zero taxation (tax havens). This update is critical for taxpayers as it impacts
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