Saturday, September 19, 2026
Spain has updated its list of non-cooperative jurisdictions and harmful tax regimes following the publication of Order HAC/649/2026 in the Official Gazette on 27 June 2026. The order amends the list established under Order HFP/115/2023 to reflect international standards developed by the European Union and the OECD as part of efforts to strengthen tax transparency...
Thailand’s Cabinet approved the signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GloBE MCAA) at its meeting on 16 June 2026, according to a Revenue Department press release. The agreement, developed under the standards of the Organisation for Economic Co-operation and Development (OECD), provides a framework for participating jurisdictions to...
The Australian Taxation Office (ATO) updated its guidance on the taxation of permanent establishments (PEs) on 24 June 2026, outlining when enterprises may be subject to tax in Australia or overseas under Australia’s double tax agreements (DTAs). Taxation under DTAs The guidance explains that an enterprise can be taxed in Australia even if it is...
Kuwait signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on 22 June 2026, according to an update published by the OECD. The Addendum incorporates the 2023 amendments to the Common Reporting Standard (CRS), expanding the scope of information exchanged under the framework. The changes include...
The South African Revenue Service (SARS) has published a statement welcoming the unanimous Constitutional Court judgment in Lueven Metals (Pty) Ltd v Commissioner for the South African Revenue Service, delivered on 23 June 2026, which confirms SARS’ interpretation of section 11(1)(f) of the Value-Added Tax Act, 1991. SARS Commissioner Dr Johnstone Makhubu welcomed the ruling,...
The Luxembourg Administration of Direct Tax (ACD) issued a statement on 26 June 2026 concerning the Frequently Asked Questions (FAQ) published by the European Commission on 29 May 2026. The FAQ clarifies that, under the EU Pillar Two Directive, all EU Member States must treat Cyprus as having a qualified Income Inclusion Rule (IIR), even...
The Australian Taxation Office (ATO) has issued new guidance under its Private Capital Program on 26 June 2026, outlining security arrangements and evidentiary requirements for fiscally transparent entities to support compliance by large multinational enterprises and private equity groups, including in relation to treaty benefit claims. Private capital program The ATO’s Private Capital Program continues...
The UAE Federal Tax Authority (FTA) has issued a Basic Tax Information Bulletin – Corporate Tax Losses on 25 June 2026, providing guidance on the treatment of Corporate Tax Losses under the Corporate Tax Law. The bulletin explains the definition of a Tax Loss, the available relief mechanisms, and the conditions and restrictions governing the...
The Slovak Republic’s Ministry of Finance has launched a consultation on the Draft Law No. LP/2026/369 amending Act No. 507/2023 Coll., on 25 June 2026, which implemented the EU Minimum Taxation Directive. The proposed amendments aim to incorporate adjustments arising from the OECD/G20 Inclusive Framework’s Side-by-Side Package on global minimum tax rules, confirmed by the...
Austria’s Federal Council (Bundesrat) approved the Budget Measure Act 2026 on 25 June 2026, adopting a package of amendments to various tax laws aimed at promoting tax fairness, combating tax fraud, reducing the tax burden on workers and simplifying administrative procedures. Income tax changes The Act introduces a tax-free Mitarbeiterprämie 2026 (Employee Bonus) of up...