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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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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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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UK 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 first 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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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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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
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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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Germany: Federal Council approves tax advisory reforms, anti-profit shifting measures
The German Federal Council (Bundesrat) approved the Ninth Act Amending Provisions in Tax Consultancy Law and Tax Law on 11 June 2026. The legislation introduces a broad package of administrative, procedural and substantive tax measures designed
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Russia: Central Bank of Russia cuts key rate by 25 basis points
The Central Bank of Russia (CBR)’s Directors decided to cut the key rate by 25 basis points to 14.25% per annum on 19 June 2026. The CBR’s key interest rate is applied in calculating interest deductions and the interest on late payment of
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UAE: MoF releases e-invoicing guidelines version 1.1, adding storage and advance payment/retention clarifications
The UAE Ministry of Finance has issued the UAE Electronic Invoicing Guidelines Version 1.1, dated 1 June 2026. The key updates introduced in Version 1.1 include the addition of: Appendix 4 - Further guidance in respect of storage obligations
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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
See MoreNigeria: 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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