Saturday, August 08, 2026
Italy’s tax filing season begins with significant changes this year, as the Revenue Agency introduces a split calendar for different tax forms and expands digital capabilities for millions of taxpayers on 28 April 2026. Staggered access dates For the first time, taxpayers will access pre-filled returns on different schedules depending on their form type. The...
Finland has enacted three major tax laws—323/2026, 324/2026, and 325/2026—published in the Official Gazette on 28 April 2026, fundamentally reforming how permanent establishments operating in the country are taxed. The reforms bring Finnish domestic tax law into alignment with the Authorised OECD Approach (AOA) as outlined in Article 7 of the 2010 OECD Model Tax...
Iceland’s parliament has approved emergency legislation to slash the VAT rate on fuel from 24% to 11% for four months, offering relief to motorists during the summer travel season. The Law Amending the Value Added Tax Act and the Competition Act received parliamentary approval on 29 April 2026 and takes effect from 1 May 2026...
Greece introduced an omnibus bill in Parliament on 30 April 2026 through the Ministry of National Economy and Finance, aimed primarily at strengthening tax transparency through the incorporation of EU directives, alongside broad domestic tax reforms and administrative restructuring measures. The package covers multiple areas, including the non-deductibility of Pillar Two tax, targeted personal income...
The Department of the Treasury and the Internal Revenue Service on 30 April 2026 issued temporary regulations and the accompanying notice of proposed rulemaking on a new method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill. These temporary regulations provide the procedures by which a taxpayer may...
Taiwan’s National Taxation Bureau of the Northern Area, MOF, stated, on 30 April 2026, that it has strengthened audits of Controlled Foreign Corporation (CFC) cases for the year 2023 on profit-seeking enterprise income tax filings within its jurisdiction. The audits aim to verify whether the reported CFC met the requirement for substantive activities or the...
US President Donald Trump announced on Friday, 1 May 2026, that he will increase tariffs on European Union automobiles and trucks to 25% next week, up from the previously agreed 15%, citing the bloc’s failure to comply with their bilateral trade agreement. “Based on the fact that the European Union is not complying with our...
Kuwait’s Ministry of Finance has issued Circular No. (1) of 29 April 2026 introducing an optional Advance Tax Payment Program for multinational enterprise (MNE) groups that fall within the scope of the Multinational Entities Tax Law, Law (Decree) No. (157) of 2024. The mechanism applies to the supplementary domestic minimum top-up tax (DMTT) at a...
Finland’s Ministry of Finance has initiated a public consultation on significant corporate tax reforms designed to strengthen business competitiveness and stimulate investment. The proposed changes are scheduled to take effect on 1 January 2027. Key tax reforms The consultation focuses on three key proposed amendments: a reduction of the corporate income tax rate from 20%...
China’s State Taxation Administration (STA) has published comprehensive guidance to help Chinese companies navigate global minimum tax (GMT) rules in Denmark, Ireland, and the United Arab Emirates (UAE) despite not adopting these rules domestically. Supporting outbound investment compliance The Guidance on Country-by-Country Implementation of the Global Minimum Tax Rules was unveiled at a conference in...