Sunday, June 07, 2026
Panama has updated its CRS reportable jurisdictions list through Executive Decree No. 21 of 27 May 2026, as published in the Official Gazette. This executive decree establishes the updated list of foreign jurisdictions subject to financial data sharing for the 2025 fiscal period. Signed in May 2026, the decree reinforces Panama’s commitment to the Common...
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 unnecessary administrative hurdles, clarify ambiguous rules, and harmonise domestic law with recent European Court of Justice decisions. Several...
The Philippines Department of Finance (DOF), together with the Department of the Interior and Local Government (DILG) and the Department of Trade and Industry (DTI), has issued Joint Memorandum Circular (JMC) No. 01-2026, or the Guidelines on the Imposition of Local Taxes, Fees, and Charges on Registered Business Enterprises (RBEs) Availing of Tax Incentives Under...
Chile’s Internal Revenue Service (SII) announced that it released Resolution No. 69 on 3 June 2026, establishing the registration system and setting a mechanism for platforms without domicile or residence in Chile that provide betting, gambling, casinos, and similar or related services, online or through digital platforms, to pay the corresponding taxes for operations carried...
Italy’s tax administration issued two critical rulings on 4 June 2026 dismissing attempts to minimise gift tax during generational corporate transfers. Both decisions reinforce a core principle: transferring shares to the next generation only qualifies for tax relief if children gain genuine control and management of the business, not merely legal ownership on paper. Holding...
The European Commission has issued a letter of formal notice to Germany for non-compliance with EU rules on freedom of establishment, finding that the country’s SME investment deduction allowance may discriminate against cross-border investments within the EU and EEA, as outlined in its infringements package of 3 June 2026. Commission calls on Germany to end...
The European Commission has issued a letter of formal notice to Poland for incorrectly transposing Council Directive (EU) 2021/514 (DAC7), specifically regarding the exemption from EU registration and reporting obligations for foreign platform operators located in non-EU jurisdictions, as part of its June 2026 infringements package published on 3 June 2026. Commission calls on Poland...
The Australian Taxation Office (ATO) has released general guidance on reporting income earned through digital platforms or apps on 3 June 2026. Money earned through digital platforms or apps is sharing economy income and must be reported in a tax return. This income can include payments received for: ride-sourcing, taxi, limousine or delivery services short-term...
The OECD has opened a public consultation on proposed updates to Chapter VII of its Transfer Pricing Guidelines, which covers the taxation of intra-group services. The revisions aim to address practical implementation challenges across sectors and regions while strengthening and clarifying the rules through updated guidance and new examples. Comments are due by 22 July...
The Office of the United States Trade Representative (USTR) announced a public consultation on 2 June 2026 regarding the development of a new government-to-government mechanism—a US-China Board of Trade—intended to manage bilateral trade between the US and China on an ongoing basis. Public comment is also being sought on specific types of non-sensitive products that...