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

Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers that the first instalment of income tax for the Year of Assessment 2026/2027 is due by 15  August 2026. The deadline applies to Corporate Income Tax (CIT), Individual Income

Hungary has published Act XXXII of 2026 in the Official Gazette, which will enter into force on 18 August 2026. The Act consists of excerpts from the 18 July 2026 issue of the Hungarian Gazette, detailing several newly enacted laws and government

Turkey’s Revenue Administration has updated and published the Guide on the Tax Penalty Reduction Application, explaining the scope of penalties covered, eligibility requirements, reduction rates, application procedures and payment obligations

Turkey has enacted Law No. 7590, introducing several tax measures, including reforms to the special consumption tax (SCT) on motor vehicles, new tax incentives for the nuclear energy sector, and an extension of employment support measures. The law

Turkey has revised the product list covered by the Communiqué on Import Inspections of Products Subject to the Control of the Ministry of Agriculture and Forestry (Product Safety and Inspection: 2026/5) through a new amending Communiqué (Product

Hungary’s government has submitted Draft Law T/387 to the parliament on 17 July 2026 to implement commitments under the Recovery and Resilience Facility (RRF) plan by August 31, 2026, alongside other government programs. This legislative