Saturday, June 27, 2026
Portugal has published Ordinance No. 255/2026/1 in the Official Gazette on 12 June 2026, approving the official GloBE Information Return (GIR) for the country’s global minimum tax regime. The ordinance adopts the standardised GIR form and establishes the reporting framework for entities required to comply with the global minimum tax rules. This regulation transposes EU...
The UK’s His Majesty’s Revenue and Customs (HMRC) has launched a technical consultation regarding cross-border related party transactions on 16 June 2026, inviting views on the details of a draft International Controlled Transactions Schedule (ICTS) reporting requirement. At Budget 2025, the government announced its decision to implement the ICTS. Finance Act 2026 gave the Commissioners...
Poland’s government has introduced emergency legislation targeting fuel companies that have reaped unusually large profits from Middle East-driven energy turmoil, according to a release on 16 June 2026. The temporary windfall tax, set to take effect on 1 August 2026, aims to recoup some of the billions in subsidies the state has poured into keeping...
Bolivia’s National Tax Service (SIN) announced on 12 June 2026 that it has slashed the financial barriers for taxpayers seeking to defer their tax obligations. Under Board Resolution (RND) 102600000020, effective 12 June 2026, the agency has unified down payment and guarantee requirements at a flat 5% across all debt levels. The measure represents a...
Bolivia is rolling out an unprecedented tax relief programme under Law 1733, with automatic debt forgiveness requiring no paperwork or office visits. The National Tax Service (SIN) announced on 16 June 2026 that 252,000 taxpayers will have debts eliminated outright—including principal, penalties, interest and surcharges—for obligations accrued through 31 December 2017 and for 2020 (pandemic...
The Hong Kong Inland Revenue Department has issued a notice outlining the property tax obligations of property owners for the year of assessment 2025/26. Property tax is charged on owners of land and/ or buildings (“Landed Property”) by reference to the actual consideration receivable in respect of the right of use of the Landed Property...
Hong Kong’s Legislative Council (LegCo) announced on 15 June 2026 that it will hold a meeting on 17 June 2026 in the Chamber of the LegCo Complex. During the meeting, the Second Reading debate on the Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026 will resume. If the Bill is supported by Members and...
In an announcement on 15 June 2026, Cyprus has confirmed its compliance with the EU’s global minimum taxation rules under Law 151(I)/2024, following European Commission guidance issued on 29 May 2026 The Cyprus Tax Department has verified that Cyprus meets the technical requirements of the Pillar Two Directive with a Qualified Income Inclusion Rule (IIR)...
Belgium’s Ministry of Finance has published a royal decree in the Official Gazette No. 129 of 15 June 2026 on the income inclusion rule (IIR) return form for the assessment year 2024. The decree details taxation forms for multinational corporations under the global minimum tax framework and various administrative appointments within the government. These records...
According to an update issued by New Zealand’s Ministry of Foreign Affairs and Trade, representatives of Fiji and New Zealand are scheduled to conduct a third round of negotiations on a new income tax treaty in August 2026. If an agreement is reached it will replace the1976 agreement to better address modern issues regarding income...