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
See MoreUK: HMRC consults double taxation issues for UK residents in US LLCs
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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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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Sri Lanka: IRD enacts broad tax reform measures, relief provisions
The Inland Revenue Department (IRD) 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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OECD releases working paper on the impact of population ageing on tax revenues in OECD countries
The OECD has published a working paper on The impact of population ageing on tax revenues in OECD countries on 2 June 2026. Population ageing is a major structural trend across OECD countries, with potentially significant implications for public
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Bangladesh announces Budget 2026-27, proposes sweeping incentives for foreign investment
Bangladesh’s Finance Minister Amir Khosru Mahmud Chowdhury presented the National Budget 2026-27 today, 11 June 2026, after his cabinet endorsed the proposed budget on the same day. The total outlay of the FY 2026-27 budget is set at BDT 9.38
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UK: HMRC updates guidance on revised share exchange anti-avoidance rules
UK’s HM Revenue & Customs (HMRC) has published new guidance in its Capital Gains Manual explaining the operation of revised anti-avoidance rules for share exchanges and company reconstructions on 8 June 2026. The guidance, set out in a new
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Kazakhstan eases monetary policy benchmark to 17.0%
The National Bank of Kazakhstan has lowered the base rate from 18.0% to 17.0%, effective 8 June 2026, according to an official update. The move follows a period of rate stability throughout the first part of 2026 and reverses part of the increase
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Greece consults on omnibus bill covering tax debt, gaming tax and social support measures
Greece's Ministry of National Economy and Finance has launched a public consultation on a draft omnibus bill that would introduce tax, social welfare and regulatory measures aimed at addressing economic pressures and supporting household
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India: Supreme Court rules GST applies to full value of stakes in online gaming, casinos
The Indian Supreme Court has delivered a ruling on the Goods and Services Tax (GST) treatment of online gaming, fantasy sports and casino activities, holding that GST is payable on the entire value of stakes or bets placed by participants rather
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OECD: Asia Tax Transparency Progress drives EUR 1.6 billion in additional revenue
The OECD released the Tax Transparency in Asia 2026: Asia Initiative Progress Report on 6 June 2026, highlighting tax transparency achievements across the region that contributed an additional EUR 1.6 billion in tax revenue in 2025. Further
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US: IRS and Security Summit partners announce new framework to better protect taxpayers and tax revenue from fraud
The US Internal Revenue Service (IRS) and Security Summit partners announced on 8 June 2026 that a restructuring of the public-private partnership is designed to strengthen protections and enhance information sharing across the tax system. The
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