Monday, April 27, 2026
The government has presented the bill No. 56 1249/001 of 17 December 2025 to parliament on 9 January 2026 to implement the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226). Set to take effect retroactively from 1 January 2026, the bill introduces new rules for reporting and sharing tax-related information on electronic...
The OECD announced, on 12 January 2026, that Guatemala has joined the Inclusive Framework on BEPS, increasing its membership to 148 jurisdictions. By joining, Guatemala becomes the 148th member to join the OECD/G20 Inclusive Framework on BEPS, a global initiative providing a platform for international tax collaboration. Through its membership, Guatemala will engage on an...
Alongside military considerations, Trump has moved to sharply increase economic pressure on Iran. He announced on Monday, 12 January 2026, the immediate imposition of a 25% tariff on any country doing business with Iran, a step that could significantly affect China and other major Iranian trading partners. The move has drawn criticism from Beijing and...
The European Commission, in a notice on 12 January 2026, acknowledged the Side-by-Side arrangement on Safe Harbours and confirmed its application within the framework of Council Directive (EU) 2022/2523 (Pillar 2 Directive). Under Article 32 of the Directive, Member States may allow, at the option of the filing constituent entity, the top-up tax for a...
Hungary has adopted revised transfer pricing documentation rules under Decree No. 45/2025, published in the Official Gazette on 23 December 2025. The revised rules will require taxpayers to reassess their compliance approach ahead of the 2026 fiscal year. Scope and application The new regulation reshapes Hungary’s domestic transfer pricing documentation framework, affecting documentation thresholds, eligible...
Estonia’s Ministry of Finance has confirmed that the income and capital tax treaty between Estonia and Liechtenstein entered into force on 26 December 2025. Signed on 10 July 2025, the agreement seeks to eliminate double taxation and prevent tax evasion. The treaty covers Estonian income tax, Liechtenstein’s corporate income tax, personal income tax, real estate...
Korea (Rep.)’s National Tax Service (NTS) has issued a revised version of its guidance on the Mutual Agreement Procedure (MAP) for taxpayers. The document provides details on MAP applications, the procedure and conclusion of cases, implementation of MAP results, statistical data, and required documentation. The term “mutual agreement procedure” means the procedure by which interpretation...
Greece’s Independent Authority for Public Revenue (AADE) has issued a decision establishing the framework for a special VAT regime for businesses based in other European Union (EU) Member States. The regime allows non-established enterprises to benefit from the small enterprise exemption for transactions taxable in Greece. To qualify, businesses must have notified their EU Member...
The income tax treaty between Gabon and Italy, signed on 28 June 1999, entered into force on 19 December 2025. The agreement applies to Gabon’s corporate tax, flat-rate minimum tax, individual income tax, and tax on income from immovable property, as well as Italy’s corporate and individual income taxes. The treaty sets withholding tax rates...
Sri Lankan Inland Revenue Department (IRD) has reminded taxpayers to pay Advance Income Tax (AIT), Withholding Tax (WHT) and Advance Personal Income Tax (APIT) withheld during December 2025 no later than 15 January 2026. Tax Types and Payment Codes Tax Type Code Payment Period Code Category AIT/WHT on Interest 43 25120 S AIT/WHT on Fees...