Iraq: Income Tax Treaties with Hungary, Sri Lanka, and Turkey

The European Commission announced on 28 April 2026 that it has decided to refer Hungary to the Court of Justice of the European Union for failing to bring its retail tax regime in line with the freedom of establishment guaranteed by Articles 49 and

Turkish President Recep Tayyip Erdoğan announced, on 24 April 2026 during the “Powerhouse for Investments in the Turkey Century” programme, a comprehensive economic reform package in Istanbul aimed at strengthening the investment environment,

Hungary has gazetted Government Decree No. 87/2026 on 23 April 2026, which maintains the 0% advertising tax rate in effect since 1 July 2019. Without this intervention, the advertising tax would have been reinstated on 1 July 2026. The new decree

Turkey’s Revenue Administration announced, on 24 April 2026, that an income tax treaty has been signed with Zambia on 21 April 2026 during the Joint Economic Commission meeting. Signed in Ankara, the agreement aims to improve the investment

Turkey's Revenue Administration has gazetted Law No. 7577 on 17 April 2026.  Law No. 7577, which introduces widespread amendments to various tax, finance, and administrative statutes scheduled for 2026. The legislation implements strict

Sri Lanka's Inland Revenue Department has announced on 8 April 2026 major changes to the tax treatment of fabric imports, effective 1 April 2026, which will impact both importers and local suppliers in the textile sector. VAT rate increases to