Saturday, August 08, 2026
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-21, introducing a significant issue ruling program that allows taxpayers to request rulings on specific major legal issues under the jurisdiction of the Associate Chief Counsel (Corporate). The program enables the IRS to rule on individual significant issues within a broader transaction without addressing all...
Qatar’s Cabinet has approved a draft law on E-invoicing and its executive regulations, according to a release from the Qatar News Agency on 6 May 2026. Prepared by the Ministry of Finance in coordination with the General Tax Authority (GTA), the draft law aims to establish the legal framework governing the issuance of e-invoices and...
Rwanda has published Ministerial Order No. 003/26/10/TC of 29 April 2026 in the Official Gazette, introducing updated transfer pricing rules under Law No. 027/2022 of 20 October 2022, the country’s new income tax law, accounting for small businesses, and tax loss management in Rwanda. The Order establishes rigorous guidelines for transfer pricing between related entities...
The Inland Revenue Authority of Singapore (IRAS) updated its guidance on 6 May 2026 on registration requirements for Multinational Enterprise Top-up Tax (MTT) and Domestic Top-up Tax (DTT) under the Multinational Enterprise (Minimum Tax) Act 2024 (MMT Act). Under the updated guidance, all in-scope multinational enterprise (MNE) groups must complete a one-time registration for MTT,...
Hong Kong joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 21 April 2026, according to an OECD update published on 5 May 2026. The GIR MCAA is a global multilateral agreement developed by the OECD/G20 Inclusive Framework on BEPS. It provides the legal and technical framework for the...
The Czech Republic’s Senate (upper house of parliament) has approved the ratification of the pending income tax treaty with Kenya on 6 May 2026. Signed on 23 September 2025, it is the first tax treaty between the Czech Republic and Kenya. The agreement between the two countries is intended to prevent double taxation and combat...
Gabon’s Council of Ministers approved the income tax treaty with Turkey on 30 April 2026. Signed on 3 March 2024, the agreement applies to various Gabonese taxes, including individual income tax, corporate tax, minimum flat-rate tax, supplementary salary tax, special rental property tax, and tax on income from movable capital. It also covers Turkey’s income...
Greece has unveiled a draft law on 30 April 2026 introducing wide-ranging tax transparency reforms, institutional restructuring measures and a new advance tax ruling framework, alongside the transposition of key EU tax directives including DAC8 and the Pillar Two global minimum tax regime. The legislation incorporates Directive (EU) 2023/2226 (DAC8), expanding automatic exchange of information...
The State Revenue Committee of the Ministry of Finance of Kazakhstan informs that, as part of the amendments to the new Tax Code of the Republic of Kazakhstan, which entered into force on 1 January 2026, the Electronic invoices information system has implemented a mechanism for «Crediting the amount of VAT for issued ESF. This...
The Tax Department of the Republic of Cyprus has announced, on 4 May 2026, that the Tax Commissioner will continue examining applications for the reduced VAT rate on residential property under Article 63 until 31 December 2026, where delays by planning authorities prevented timely processing. The extension follows Amending Law No. 109(I)/2026, published in the...