Chile: SII issues guidance on fraudulent invoices, VAT and income tax treatment
Chile’s 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)Â 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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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 Arabia’s 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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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
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Kazakhstan 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,
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Austria: Nationalrat approves budget measures Act 2026
Austria's Nationalrat on 10 June 2026 approved the Budget Measures Act 2026 (Budgetmaßnahmengesetz 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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Philippines: BIR issues further VAT clarifications on digital services
The Philippines Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 059-2026 on 2 June 2026, which provides supplementary guidance to clarify issues arising from the implementation of Revenue Regulations (RR) No. 003-2025
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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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Malta: Tax and Customs Administration introduces online process for VAT registration status changes
Malta's Tax and Customs Administration has announced that requests to switch between VAT registrations under Article 10 and Article 11 of the VAT Act can now be submitted through the VAT e Services portal. In Malta, persons carrying out economic
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Luxembourg issues VAT guidance for photovoltaic (PV) solar installations
Luxembourg's tax administration has issued a circular on 1 June 2026, clarifying the VAT treatment of photovoltaic (PV) installations, setting out how VAT obligations and deduction rights apply depending on how the electricity generated by the
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UAE: FTA expands VAT refund scheme for UAE nationals building new homes
The UAE’s Federal Tax Authority (FTA) has launched a new initiative expanding the scope of expenses eligible for VAT refunds for UAE nationals constructing new residences, allowing citizens to claim refunds on an additional range of construction
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Spain issues two technical guides for B2B e-invoicing system
Spain's Tax Authority (AEAT) on 1 June 2026 published two technical documents—the Ministerial Order Project for the Public Electronic Invoicing Solution (SPFE) and Public Electronic Invoicing Solution (SPFE) Technical Aspects—setting out the
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Rwanda issues VAT collection rules for digital, online supplies
Rwanda’s government has published Ministerial Order No. 004/26/10/TC of 29 April 2026 in the Official Gazette No. Special of 29/04/2026, which introduces several key changes and measures regarding Value Added Tax (VAT) on online services,
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Slovak Republic offers three-month grace period for e-invoicing compliance
The Slovak Republic's Ministry of Finance has unveiled a softened approach to the upcoming e-invoicing mandate through a draft VAT Act amendment currently under review. The proposal seeks to balance regulatory compliance with business readiness by
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Slovak Republic overhauls VAT system to support digital economy and fair competition
The Slovak Republic’s Ministry of Finance announced that it is advancing a modernised VAT framework designed to streamline compliance, level the competitive playing field between traditional and digital service providers, and strengthen anti-fraud
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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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Poland: Council of Ministers approves VAT overhaul to ease burden on business owners
Poland's Council of Ministers has approved amendments to the Act on the Goods and Services Tax and taxpayer identification laws on 2 June 2026, reshaping how entrepreneurs handle tax compliance from 1 October 2026. The reforms eliminate
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