Japan: DTA with Iceland signed

Japan’s National Tax Agency has published an updated list of jurisdictions for the exchange of Country-by-Country (CbC) reports. Country-by-Country (CbC) reports are a standardised tax reporting framework requiring large multinational

Japan’s Ministry of Foreign Affairs has confirmed that a new income tax treaty was signed with the Philippines on 28 May 2026. The treaty applies to Japanese income tax, corporation tax, special income tax for reconstruction, special income tax

The Government of Iceland has approved a new industrial policy that sets out a long-term vision for economic growth, productivity, and competitiveness to 2035. The policy is intended to support sustainable economic development and create a more

Japan’s House of Representatives approved a new income tax treaty with Kyrgyzstan on 19 May 2026. On 14 May 2026, lawmakers reviewed and passed the draft ratification law in its first reading. The parliament completed the ratification process

Kyrgyzstan's parliament has given its approval to ratify a tax agreement with Japan that will modernise bilateral tax relations between the two countries. On 14 May 2026, lawmakers reviewed and passed the draft ratification law in its first

Iceland's parliament has approved emergency legislation to slash the VAT rate on fuel from 24% to 11% for four months, offering relief to motorists during the summer travel season. The Law Amending the Value Added Tax Act and the Competition Act