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
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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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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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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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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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Singapore: IRAS clarifies treatment of gains from the disposal of foreign assets
The Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 9/2026 on 1 Jul 2026, clarifying whether a Singapore-incorporated company qualifies as an excluded entity under Section 10L of the Income Tax Act 1947. The
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OECD report highlights why certain Asia-Pacific economies rely on non-tax revenue
The OECD has published a report titled "Revenue Statistics in Asia and the Pacific 2026," on 30 June 2026, which delivers a comprehensive analysis of fiscal trends and tax revenues across 38 economies from 1990 to 2024. This report utilises a
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OECD release Tax Inspectors Without Borders report, highlights progress in strengthening tax administration
The OECD has released its latest annual report on the Tax Inspectors Without Borders (TIWB) initiative on 2 July 2026, highlighting continued progress in helping developing countries strengthen tax administration and audit capacity. The report
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France issues guidance on differential contribution on higher-income households
France's Tax Authority issued guidance on 30 June 2026 on the exceptional (differential) contribution on higher-income households, providing further details on the operation of the measure introduced by the Finance Law for 2025 and extended under
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Malawi: MRA transitions from fiscal devices to real-time electronic invoicing
The Malawi Revenue Authority (MRA) has confirmed on 23 June 2026 that it had reached a major milestone in its digital transformation agenda with the successful migration of more than 8,260 of approximately 9,000 targeted VAT-registered businesses to
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Colombia faces tax reform standoff as experts back revenue hikes, government pursues cuts
Colombia is preparing for a potential tax reform driven by rising fiscal pressures and a growing deficit. While the incoming administration has proposed tax cuts, experts argue that broader structural changes will be needed to increase revenue and
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Nigeria: Tariff reforms, green tax framework enter into force
Nigeria's federal government has unveiled sweeping tariff restructuring and environmental tax measures set to commence on 1 July 2026, according to the 2026 Fiscal Policy Measures (FPM) circular issued by Minister of Finance Wale Edun. The
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OECD paper examines investment tax incentives across Latin America and the Caribbean
The OECD has published a working paper examining Investment tax incentives in Latin America and the Caribbean on 30 June 2026. The study covers Argentina, Brazil, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Paraguay, Peru
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OECD publishes 2026 Asia-Pacific revenue statistics with 2024 tax data
The OECD has announced on 30 June 2026 the release of the report Revenue Statistics in Asia and the Pacific 2026. Revenue Statistics in Asia and the Pacific 2026 presents detailed, internationally comparable data on public revenues in the
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Bosnia and Herzegovina: FBiH prepares for fiscalization system procurement under new law
The Federation of Bosnia and Herzegovina (FBiH) is continuing preparations for its new fiscalization framework ahead of the August 2026 deadline for issuing implementing bylaws under the Law on Fiscalization of Transactions. The Tax
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OECD issues working paper on Revisting Local Tax Attribution Under Central Control
The OECD has issued a working paper, Revisiting local tax attribution under central control on 29 June 2026. This paper asks how local tax revenues should be attributed when tax rates, tax bases or tax-sharing arrangements are shaped by
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OECD releases Progress on Transparency and Exchange of Information for Tax Purposes Boosts Domestic Resource Mobilisation in Africa report
The OECD has released the Tax Transparency in Africa 2026: Africa Initiative Progress Report on 30 June 2026. Continued progress on transparency and exchange of information for tax purposes boost African countries’ domestic resource
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