Sunday, May 17, 2026
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...
Colombia’s Constitutional Court issued a press release dated 29 April 2026 concerning rulings including Order A-533/26 and Order A-534/26, which provisionally suspended parts of emergency measures adopted under Decree 173 of 2026 and Decree 174 of 2026. Suspension of Wealth Tax (Auto A-533/26) The Court ordered the provisional suspension of the second installment of the...
China introduced 0% tariffs on imports from 20 African countries for two years, from 1 May 2026 to 30 April 2028, under Customs Tariff Commission Announcement No. 5 of 2026. The countries include Algeria, Botswana, Cape Verde, Cameroon, Republic of the Congo, Côte d’Ivoire, Egypt, Equatorial Guinea, Gabon, Ghana, Kenya, Libya, Mauritius, Morocco, Namibia, Nigeria,...
Greece’s Independent Authority for Public Revenue (AADE) has introduced a penalty waiver for farmers required to move from the special agricultural flat-rate VAT scheme to the standard VAT regime for the 2026 tax year, following the issuance of Circular E.2020/2026 on 30 April 2026. The measure applies to farmers whose annual subsidy receipts exceeded EUR...
Liechtenstein has announced the signing of its first income and capital tax treaty with Belgium on 4 May 2026 on the occasion of the 8th European Political Community (EPC) Summit in Yerevan. This follows after Belgium and Liechtenstein officials have concluded negotiations for an income and capital tax treaty on 27 November 2024. The double...
The Austrian government has approved amendments affecting both fuel margin limits and mineral oil tax reductions, extending relief measures through the end of May 2026. Under the revised Verordnung zur Margenbegrenzung bei Treibstoffen, issued on the basis of the Price Act, margin limitation amounts in § 3 Abs. 1 will be reduced from 5 Eurocents...
The OECD has published Revenue Statistics in Latin America and the Caribbean 2026, presenting comparable tax revenue data across 29 countries in the region on 5 May 2026. Executive summary Tax revenues increased as a share of GDP between 2023 and 2024 in just over half of the countries in Latin America and the Caribbean...