Switzerland: Parliament approves VAT hike to support AHV pension costs
Switzerland's parliament has approved a constitutional amendment that will allow an increase in Value Added Tax (VAT) rates from 2028 to help finance the country's newly introduced 13th monthly pension payment under the Old-Age and Survivors'
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Turkey: Revenue Administration updates guidance on accommodation tax rules
Turkey's Revenue Administration, on 19 June 2026, published an updated Accommodation Tax Guide, providing revised explanations and examples on the application of the Accommodation Tax (Konaklama Vergisi) following a temporary reduction in the tax
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Saudi Arabia: ZATCA issues reminder on May 2026 VAT return filing deadline
Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA), on 21 June 2026, reminded VAT-registered businesses with revenues from goods and services exceeding SAR 40 million to submit their VAT returns for May 2026 by 30 June 2026. ZATCA urged
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Chile: SII issues guidance on fraudulent invoices, VAT and income tax treatment
Chileโs tax administration (SII) has issued Ruling No. 1407-2026 on 10 June 2026 outlining the tax implications regarding fraudulent or unreliable invoices in relation to Value Added Tax (VAT) and Income Tax. It clarifies that while falsified
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Sri Lanka: IRD notifies taxpayers of May 26 VAT, VAT on FS filing deadlines
The Inland Revenue Department (IRD)ย of Sri Lanka has issued reminders to taxpayers regarding Value Added Tax (VAT) and VAT on Financial Services (VAT on FS) for the month of May 2026. Both payments and returns must be completed within the
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Austria: Draft Budget Accompanying Act 2027โ2028 sets out progressive CIT rate
Austriaโs government has submitted the Draft Budget Accompanying Act 2027โ2028 to Parliament, introducing a range of tax measures under the dual budget framework for 2027 and 2028. The proposals aim to strengthen fiscal consolidation efforts,
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Botswana sets VAT rollout timetable for remote services under amended law
The Botswana Unified Revenue Service (BURS) has published a public notice on 29 May 2026 outlining the implementation timelines, registration windows and filing deadlines for the Value Added Tax (VAT) (Amendment) Act No. 16 of 2025, which became
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Saudi Arabia: Council of Ministers approves amendments to GCC unified VAT agreement
Saudi Arabiaโs Council of Ministers has approved amendments to the GCC Unified VAT Agreement on covering cross-border supplies within the Gulf, VAT recovery mechanisms, import VAT collection, and the sharing of tax information between member state
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Kazakhstan exempts VAT for imported IT goods
Kazakhstan has adopted a list of goods that qualify for exemption from import Value Added Tax (VAT) under Subparagraph 11) of Paragraph 1 of Article 479 of the Tax Code, according to Order No. 281/ะา issued on 2 June 2026 by the Deputy Prime
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Sweden lowers VAT rate on admission to dance events
Sweden has enacted an amendment to the Value Added Tax Act (2023:200) that lowers the VAT rate on admission to dance events from 25% to 6%. The change was approved by the Riksdag and formalised through Act SFS 2026:841, which was issued on 28 May
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Austria gazettes law on reduced VAT for on staple foods
Austria has published a law in the Federal Law Gazette (BGBl. I No. 37/2026) on 10 June 2026 introducing reduced Value Added Tax (VAT) rate for a range of essential food products under amendments to the Value Added Tax Act 1994 (UStG 1994). The
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Russia: State Duma approves draft bill for regulation of digital assets
Russiaโs State Duma, in the first reading,ย has approved a draft law designed to align the provisions of the Tax Code with separate legislation establishing a comprehensive framework for the regulation of the organisation and circulation of
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Taiwan clarifies VAT exemption procedures for foreign diplomatic missions
Taiwanโs National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance stated that, pursuant to Article 4 of the Tax Collection Act and the principle of reciprocity, foreign diplomatic missions in the R.O.C. and their personnel may
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Poland extends lower VAT on fuels through June 2026, withdraws excise cuts
Polandโs government announced on 15 June 2026 that it has prolonged the reduced VAT rate on petrol, diesel, and pure biocomponents until 30 June 2026, maintaining relief measures introduced under its CPN programme aimed at stabilising fuel prices
See MoreChile: SII extends deadline to secure substitute 1.5% tax scheme for open-air market vendors
Chile's tax authority (SII) announced, on 12 June 2026, that it has extended the time for open-air market vendors to secure the permits they need to join a new simplified tax scheme. The move addresses implementation delays and gives informal
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Bangladesh proposes 15% capital gains tax on gold, jewellery sales under Finance Bill 2026
Bangladesh has proposed a 15% capital gains tax on profits from the sale or transfer of gold, silver, jewellery, precious stones, diamonds, coins, digital currencies, artworks, antiques and club memberships under the Finance Bill 2026 presented with
See MoreKazakhstan launches pre-filled VAT return service for Form 300.00
Kazakhstan has introduced a pre-filled Value Added Tax (VAT) declaration service for Form 300.00, enabling VAT returns to be automatically populated using data held in government information systems. According to the state revenue authorities,
See MoreAustria: Nationalrat approves budget measures Act 2026
Austria's Nationalrat on 10 June 2026 approved the Budget Measures Act 2026 (Budgetmaรnahmengesetz 2026), a legislative package amending several federal laws with measures aimed at strengthening tax fairness, combating tax fraud, reducing the tax
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