Friday, October 09, 2026
Finland’s Parliament has approved the Government Proposal HE 159/2026 vp to ratify the amending protocol to the 1991 tax treaty with Switzerland on 6 October 2026. Signed on 28 May 2026, the protocol aligns with OECD BEPS minimum standards by denying treaty benefits in cases of abuse and introducing arbitration for mutual agreement procedures. It...
Montenegro’s Government has issued the bill for the ratification of the income tax treaty with Spain, following approval granted during a government session on 24 September 2026. The treaty applies to Montenegrin personal income tax and corporate profit tax, as well as Spanish income tax on individuals, corporation tax, and income tax on non-residents. Dividends...
Taiwan’s National Taxation Bureau of Taipei, under the Ministry of Finance, has clarified that an enterprise may report a bad debt loss in the year a court approves a settlement with a debtor who is unable to repay, not in the year the mediation is reached. The Bureau said the treatment applies when the two...
The Netherlands House of Representatives passed the Fiscal Omnibus Act 2027 (Fiscale Verzamelwet 2027, the Bill) on 6 October 2026. The legislation addresses both technical corrections and substantive policy shifts across the country’s tax framework. The government prepared these amendments to ensure tax law remains current and workable. Several changes include retroactive provisions, most of...
The United Arab Emirates (UAE) Federal Tax Authority (FTA) has issued Public Clarification VATP047 on Cabinet Decision No. 153 of 2025, which makes the reverse charge mechanism mandatory for metal scrap trading between UAE VAT registrants. The mechanism takes effect on 14 January 2026. Issued under Article 48(8) of the UAE VAT Law, the mechanism...
The Committee on European Affairs of the Czech Chamber of Deputies adopted Resolution No. 106 during its 13th session on 17 September 2026, issuing a formal Reasoned Opinion on the European Commission’s proposal for a Taxation Omnibus Directive (COM(2026) 560 final / Council Code 11141/26). This proposal seeks to amend six EU direct taxation directives:...
The Brazilian Supreme Federal Court (STF) recently reached a defining resolution in its jurisprudence regarding corporate tax enforcement and financial governance. In its decision on Direct Action of Unconstitutionality (ADI) 5161, finalised on 30 September 2026, the Court evaluated whether tax authorities could legally penalise companies for distributing dividends, profits, or bonuses while holding unpaid...
The European Commission is developing a revised approach to capture tax revenue from major technology companies without openly targeting American firms. Rather than creating a standalone digital services tax, Brussels wants to expand its Corporate Resource for Europe (CORE) proposal to apply to all large corporations operating within the EU. Modified CORE framework The CORE...
The Inland Revenue Authority of Singapore (IRAS) has ruled in Advance Ruling Summary No. 17/2026 published on 1 October 2026, that gains from a group’s transfer of intellectual property rights are not taxable under section 10(1) of the Income Tax Act 1947. The transfer is capital in nature, so any gain is not taxable and...
Lithuania’s State Tax Inspectorate (VMI) has published a comparative draft document on its draft commentary page. It sets out amendments to Articles 12 and 30 of the Law on Corporate Income Tax (Pelno mokesčio įstatymas – PMĮ) and the official VMI commentary on them. The changes concern the scope of the participation exemption and take...