Saturday, August 08, 2026
According to a post by the United States Trade Representative (USTR), China initiated formal proceedings at the World Trade Organisation (WTO) on 4 November 2024, challenging the European Union’s imposition of definitive countervailing duties on battery electric vehicles imported from China. The complaint targets both the tariffs themselves and the investigative process that preceded their...
The Australian Taxation Office has issued a Recap of its Pillar Two April information session on 8 May 2026. In April, the Australian Taxation Office (ATO) hosted its third Pillar Two information session about implementing the global and domestic minimum tax. These sessions are designed to support multinational enterprise (MNE) groups and their advisers prepare...
The EU Economic and Financial Affairs Council provisionally agreed on new rules to strengthen the fight against value added tax (VAT) fraud in the EU by ramping up cooperation between member states, the European Public Prosecutor’s Office (EPPO) and the European Anti-Fraud Office (OLAF) during its recent meeting held on 5 May 2026. The new...
Kenya’s President William Ruto has signed into law the Income Tax Bill, the Special Economic Zones (Amendment) Bill, and the Technopolis Bill at State House, Nairobi, on 11 May 2026. The new laws are streamlining Kenya’s regulatory framework to strengthen the country’s position as an attractive investment destination by creating a more efficient, predictable, and...
The Office of the United States Trade Representative (USTR) has announced the initiation of the second four-year review of the tariff measures imposed under the Section 301 investigation into China’s acts, policies, and practices concerning technology transfer, intellectual property, and innovation, as published in the Federal Register on 6 May 2026. The two actions were...
The Inland Revenue Board of Malaysia (IRBM) has released a case report on a recent High Court ruling addressing whether service charges and late-payment interest arising from credit sales should be treated as business income under Section 4(a) or as passive interest income under Section 4(c) of the Income Tax Act 1967. The Taxpayer in...
Canada’s government has announced CAD 1.5 billion to support several of Canada’s tariffed industries on 4 May 2026. This includes the creation of a new CAD 1 billion Business Development Bank of Canada (BDC) program available to industries that manufacture and export products containing steel, aluminium, or copper. In addition, the government is providing an...
Irish Revenue published its 2025 Annual Report on 7 May 2026, together with a range of research and statistical papers, outlining total gross receipts of EUR 157 billion for the year. The figure includes EUR 34.9 billion collected on behalf of other Government Departments, agencies and other EU Member States. Net tax receipts amounted to...
The UK Supreme Court has granted the Tower One St George Wharf Limited permission to appeal in a high‑value stamp duty land tax (SDLT) dispute with HMRC concerning the transfer of a central London residential property. The appeal will focus on the Court of Appeal’s interpretation and application of the anti‑avoidance provision in section 75A...
Greece’s Independent Authority for Public Revenue (AADE) has announced a second postponement of filing requirements for ship operators under the Greek Tonnage Tax Law. The new deadline of 30 June 2026 replaces the previously extended date of 30 April 2026 for submitting annual declarations and paying the first instalment of first-category ship tax for the...