Saturday, July 18, 2026
The Greek Public Revenue Authority (AADE) has launched the DAC9/GIR web portal to facilitate the electronic submission of the GloBE Information Return (GIR), also referred to as the Top-up Tax Information Return, together with related notifications required under Greece’s implementation of the Pillar Two global minimum tax rules. Launched on 7 July 2026, the portal...
The South African Revenue Service (SARS) has published a South African Tax Court judgment upholding the application of the general anti-avoidance rule (GAAR) in a case involving shareholders of an investment company on 7 July 2026. The South African Tax Court ruled that a share sale structured to avoid capital gains tax through dividend extraction...
France’s Ministry of Economy and Finance announced an extension of the filing deadline for the GloBE Information Return (GIR) for the financial year ended 31 December 2024 through a press release issued on 8 July 2026. The deadline, which was originally set for 30 June 2026, has been postponed to 1 September 2026. France adopted...
The Kenya Revenue Authority (KRA) released a public notice on 8 July 2026 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans for July, August, and September 2026. Fringe benefit tax For the purposes of Section 12B of the Income Tax Act, the Market...
The Netherlands has gazetted a Memorandum of Understanding (MoU) with Finland establishing the procedures for applying the arbitration provisions set out in Part VI of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 8 July 2026. The MoU sets out the requirements for initiating arbitration,...
The US Internal Revenue Service (IRS) announced on 8 July 2026 that it introduced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance. The new Automatic Exemption from Penalty will replace the long-standing First Time Abate administrative...
Italy’s Revenue Agency has clarified on 8 July 2026 that Simple Agreements for Future Equity (SAFE) contracts used by early-stage startups meet the definition of “convertible investments” and therefore qualify for the 65% individual income tax deduction under Article 29-bis of Legislative Decree no. 179/2012. The ruling, issued as Response no. 137 on 8 July...
The OECD has released its Tax Co-operation for Development 2025 progress report, stating that assisting developing countries with adapting to the Global Minimum Tax (GMT) was a major priority during 2025 and will continue to be a focus in 2026. As part of this work, the OECD delivered updated economic impact assessments to all developing...
Hong Kong’s government has welcomed the Legislative Council’s passage of the Stamp Duty (Amendment) (No. 2) Bill 2026 on 8 July 2026 to provide for the arrangement for the calculation and payment of stamp duty arising from transactions of dual-counter stocks conducted at the Renminbi (RMB) counter in RMB. The Stamp Duty (Amendment) (No. 2)...
The US Internal Revenue Service (IRS) and Security Summit partners launched the summer “Protect Your Clients; Protect Yourself” campaign on 7 July 2026, which is a five-week series highlighting practical steps tax professionals can take to protect client data, their businesses, and themselves from evolving tax-related identity theft threats. Now in its 11th year, the...