OECD opens registration for Tax and Development Days 2026
The OECD has announced that registration is now open for the OECD Tax and Development Days 2026, a virtual event scheduled for 17 and 18 June 2026. This event provides an update on OECD initiatives to strengthen tax capacity, enhance tax policy,
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Bangladesh to introduce fast-track approvals, tax overhaul in 2026-27 budget
Bangladesh's government plans to roll out sweeping deregulation reforms aimed at reducing business friction, streamlining licensing requirements, and overhauling tax administration. Finance Minister Amir Khosru Mahmud Choudhury will dedicate a
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Germany expands MLI tax treaty coverage under 2026 amendment law
Germany published the Act Amending the Act on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) in the Official Gazette on 5 June 2026, expanding the scope of Covered Agreements
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UK: HMRC issues advance tax certainty service manual for major investment projects
The UK’s His Majesty’s Revenue and Customs (HMRC) has published an Advance Tax Certainty Service Manual on 1 June 2026 to support both taxpayers and HMRC staff in operating the new Advance Tax Certainty Service. The manual provides structured
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Singapore consults proposed Finance (Income Taxes) Bill 2026
Singapore’s Ministry of Finance is seeking public feedback from 8 June to 1 July 2026 on the proposed Finance (Income Taxes) Bill 2026. The Bill proposes 20 amendments to the Income Tax Act 1947 (ITA) and two amendments to the Multinational
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Bolivia enacts tax amnesty and structural reforms under new legislation
Bolivia's National Tax Service (NTS) has announced the implementation of Law No. 1733 of 27 May 2026, which introduces a tax relief programme to help taxpayers settle outstanding historical tax liabilities through automatic full debt forgiveness and
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Portugal introduces housing tax incentives to expand affordable rental market
Portugal has introduced a broad package of tax incentives and housing reforms through Decree-Law No. 97/2026 on 20 May 2026, with measures aimed at increasing housing supply and supporting moderate-priced homes for the middle class and first-time
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Ireland: Revenue updates full self-assessment time limits in tax and duty Manual 41A-05-04
Irish Revenue issued eBrief No. 097/26 on 21 May 2026, relating to updates to Tax and Duty Manual 41A-05-04 on Full self-assessment. The manual sets out the authority of Revenue officers to conduct enquiries, the time limits within which such
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Singapore: IRAS updates guidance on GST accounting period changes, application process
The Inland Revenue Authority of Singapore has published updated guidance on Changing GST accounting periods. The update includes an overall restructuring to improve readability, including a clearer example on Special Accounting Periods, along with a
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US: New York approves FY 2026-27 budget, introduces tip income tax exemption
New York Governor Kathy Hochul signed the New York State Fiscal Year 2027 Budget on 28 May 2026. This legislative package is designed to address the rising cost of living while funding critical public safety and infrastructure initiatives. While
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OECD updates signatories list for MCAA-CbC
The Organisation for Economic Cooperation and Development (OECD) released an updated list of signatories, along with their signing dates, for the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports
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OECD reports on cross-border remote work and taxable presence
The OECD has published a post on when working remotely across borders creates a taxable presence on 26 May 2026. Working from a kitchen table in another country, extending a business trip into a few extra weeks abroad, or logging in from a
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Romania gazettes simplified e-invoicing rules with key exemptions, digital updates
Romania's Parliament formally approved sweeping amendments to its electronic invoicing framework through Law No. 88, which brings Government Emergency Ordinance No. 128/2024 into effect on 29 May 2026. The changes, originally issued on 7 November
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Taiwan: NTBNA clarifies loss carryforward offset rules involving non-taxable investment income
Taiwan’s Taxation Bureau of the Northern Area, Ministry of Finance (NTBNA, MOF), stated that, as stipulated in Article 39 of the Income Tax Act, when profit-seeking enterprises deduct the verified losses of each of the former ten years from the
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US: Treasury, IRS issue Section 892 proposed regulations to provide grandfathering protection and transitional relief to sovereign investors
The Department of the Treasury and the Internal Revenue Service announced on 29 May 2026 that it has issued additional guidance addressing the applicability dates of recent proposed regulations under Section 892 of the Internal Revenue Code, which
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OECD releases report on corporate income taxation and business dynamism
The OECD has issued a tax policy brief on Corporate Income Taxation and Business Dynamism on 27 May 2026. In recent decades, concerns have grown over the decline in business dynamism, the process by which firms enter, expand, contract, and exit
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Spain completes MLI procedures for tax treaty with Argentina
Spain has confirmed the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) in relation to its covered tax
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Iceland approves industrial policy to boost growth, competitiveness through 2035
The Government of Iceland has approved a new industrial policy that sets out a long-term vision for economic growth, productivity, and competitiveness to 2035. The policy is intended to support sustainable economic development and create a more
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