European Commission releases final report on ATAD evaluation
The European Commission has published its final evaluation report on the Anti-Tax Avoidance Directive (ATAD) on 25 June 2026, covering the period from 1 January 2019 to mid-2025. The report assesses the effectiveness of ATAD in meeting its
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Ireland: Revenue updates dividend withholding tax guidance for partnership distributions
Ireland's Revenue has published eBrief No. 108/26, updating Tax and Duty Manual Part 06-08a-01 Dividend Withholding Tax - Details of Scheme to clarify when distributions may be paid, either directly or indirectly, to an Irish partnership or a
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Australia: ATO updates monthly foreign exchange rates for the 2025–26 income year
The Australian Taxation Office (ATO) has updated its foreign exchange rate guidance, which includes the monthly exchange rates for 1 July 2025 to 30 June 2026 and monthly rates for April and May 2026. All foreign income, deductions, and foreign
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UK: HMRC proposes capital gains tax relief changes for business asset gifts
The UK’s His Majesty's Revenue and Customs (HMRC) has published a policy paper and draft legislation setting out reforms to the Capital Gains Tax (CGT) relief available for gifts of business assets. The policy paper, published on 23 June 2026,
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Ireland: Revenue updates dividend withholding tax guidance
Ireland’s Revenue has issued updated guidance on the operation of the Dividend Withholding Tax (DWT) regime. Tax and Duty Manual Part 06-08a-01 Dividend Withholding Tax - Details of Scheme, which provides guidance in respect of the operation of
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UK consults mandatory registration for customs intermediaries
The UK’s HMRC has launched a consultation on plans to introduce mandatory registration for customs intermediaries that submit customs declarations on behalf of traders, as part of wider efforts to improve compliance, protect revenue and
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Belgium to hand over PEPPOL authority to the finance ministry in 2027
Belgium's digital infrastructure overhaul continues with a significant administrative reshuffle. The Federal Public Service Finance (FPS Finance) will take control of the Belgian Peppol Authority from 2027, assuming responsibilities held by the
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Australia: ATO issues new guidance on security arrangements for fiscally transparent entities
The Australian Taxation Office (ATO) has issued new guidance under its Private Capital Program on 26 June 2026, outlining security arrangements and evidentiary requirements for fiscally transparent entities to support compliance by large
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OECD releases updated common understanding on GloBE information return filing relief
The OECD has published a revised version of the common understanding on Pillar Two GloBE Information Return (GIR) filing on 25 June 2026. The first version of the common understanding on Pillar Two GIR filing was released on 18 May 2026, titled,
See MoreUK announces reforms to simplify tax system, strengthen customs enforcement
The UK government has unveiled a broad package of tax and customs reforms aimed at simplifying compliance, expanding digital services and strengthening tax enforcement. Announced in a statement by Exchequer Secretary to the Treasury Dan Tomlinson on
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Australia: ATO announces GIC, SIC rates for Q1 2026-27
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the fourth quarter of the 2026-27 income year on 5 June 2026. For the quarter commencing on 1 July 2026, the GIC
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New Zealand: Green Party’s election tax policy targets large corporations
The Green Party of New Zealand has released its 2026 tax policy, “A tax system for all of us,” proposing a broad restructuring of the country's tax framework aimed at reducing wealth inequality, increasing contributions from large corporations
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Bolivia: SIN overhauls binding tax consultation framework
Bolivia’s National Tax Administration (SIN) has issued Resolution 102600000021 on 10 June 2026, establishing a new framework for tax consultations in Bolivia, explicitly abrogating the previous regime under Resolution No. 101700000019 from
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US: National Taxpayer Advocate issues 2026 mid-year report to Congress
The US Internal Revenue Service (IRS) announced that the National Taxpayer Advocate Erin M. Collins has released her Fiscal Year 2027 Objectives Report to Congress on 24 June 2026, highlighting a largely successful 2026 filing season in which the
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Singapore clarifies timing rules for GST input tax claims
Singapore's Inland Revenue Authority of Singapore (IRAS) has clarified the rules for determining the accounting period in which businesses may claim GST input tax, including the circumstances under which claims can be based on the date of a tax
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Slovak Republic to automatically assign tax IDs to NGOs for 2027 e-invoicing
The Slovak Republic’s Financial Administration announced on 23 June 2026 that non-governmental organisations will receive automatic tax identification numbers (TIN) to prepare for mandatory electronic invoicing beginning in 2027. Approximately
See MoreEC proposes tax simplification package to streamline compliance, boost competitiveness
The European Commission adopted an ambitious tax simplification package on 24 June 2026, that includes two legislative proposals aimed at simplifying EU tax rules: reducing compliance burdens for businesses, and strengthening the competitiveness of
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Kenya: President assents Finance Act 2026, introduces reduced CIT
Kenya's President has enacted the Finance Act 2026, bringing amendments across multiple tax statutes effective from 1 July 2026. The Presidential assent was given on 24 June 2026. The Finance Act, 2026, does not raise taxes. Instead, it
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