Saturday, June 27, 2026
The Botswana Unified Revenue Service (BURS) has published a public notice on 29 May 2026 outlining the implementation timelines, registration windows and filing deadlines for the Value Added Tax (VAT) (Amendment) Act No. 16 of 2025, which became effective on 1 June 2026, introducing a tax framework for remote services supplied by non-resident providers. Under...
The Dominican Republic’s Ministry of Finance and Economy has unveiled a pro-growth and anti-crisis fiscal package on 11 June 2026 that has been presented to the National Congress for consideration. This fiscal package is designed to shore up public finances while sheltering vulnerable households from international economic pressures. The key measures are as follows: Corporate...
Finland’s Ministry of Finance has announced that the government has submitted a proposal on 11 June 2026 to Parliament to amend the Income Tax Act. The changes concerning individuals are intended to take effect retroactively from the beginning of 2026. The proposal is aimed at amending the Income Tax Act to stimulate the economy and...
Thailand’s Cabinet has approved the signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), marking a further step in the country’s implementation of the OECD/G20 Inclusive Framework’s Pillar Two global minimum tax framework. The decision was taken at the Cabinet meeting on 16 June 2026, chaired by Prime Minister...
Belgium’s Financial and Economic Committee of Parliament has adopted an individual income tax reform bill (Bill No. 56 1243/005) on 16 June 2026, introducing several key changes, including higher tax-free thresholds, a gradual elimination of income splitting benefits for non-working spouses, and a new deduction for self-employed entrepreneurs. The primary focus of the legislation is...
Saudi Arabia’s Council of Ministers has approved amendments to the GCC Unified VAT Agreement on covering cross-border supplies within the Gulf, VAT recovery mechanisms, import VAT collection, and the sharing of tax information between member state authorities. The GCC Unified VAT Agreement establishes a common legal framework for VAT across Gulf Cooperation Council states, covering...
The Cyprus Department of Taxation has issued guidance on implementation deadlines for Law 151(I)/2024 on 15 June 2026, which enforces the OECD’s global minimum taxation framework across Cyprus. The directive addresses Cypriot constituent entities and joint ventures within multinational enterprise groups for the first reporting period spanning 31 December 2023 to 31 December 2024. Central...
President Donald Trump has cast doubt on the value of the US-Mexico-Canada Agreement (USMCA), suggesting the country would perform better without it. Speaking in France on Wednesday, 17 June 2026, Trump indicated he would “rather not have the agreement,” though he remains willing to sign a renewal if negotiations proceed. The trio of nations faces...
The Dutch State Secretary for Finance has informed Parliament, via a letter, of a provisional outline of measures expected to be included in the 2027 Tax Plan package on 10 June 2026. The complete package is scheduled to be presented on Prinsjesdag, 15 September 2026. It is expected to consist of four bills: the Tax...
Romania’s National Agency for Fiscal Administration has issued a draft order of the President regarding the thresholds of transactions, deadlines for preparation, content and conditions for requesting the transfer pricing file, and the procedure for adjusting/estimating transfer prices. The primary objective of the draft order is to align national legislation with the 2022 OECD Guidelines,...