Saturday, August 08, 2026
The Inland Revenue Authority of Singapore confirmed that a new income tax agreement with Kenya became operational on 20 April 2026. This treaty, originally signed on 23 September 2024, supersedes a previous 2018 agreement that was never implemented. The agreement applies to income tax in both nations—Kenya’s Income Tax Act (Cap. 470) and Singapore’s income...
Finland’s government approved a proposal to suspend the domestic implementing act of the Finland–Russia Income Tax Treaty (1996), as amended on 16 April 2026. The proposal has been submitted to parliament for consideration. Finland has already notified Russia of the treaty’s suspension under international law and is now aligning its domestic legislation accordingly. The tax...
Turkey’s Revenue Administration has gazetted Law No. 7577 on 17 April 2026. Law No. 7577, which introduces widespread amendments to various tax, finance, and administrative statutes scheduled for 2026. The legislation implements strict limitations on gambling advertisements by categorising them as non-deductible expenses while adjusting Value Added Tax exemptions for university operations and state land...
The Croatian government approved a draft bill on 16 April 2026 to ratify its first income tax treaty with New Zealand. The agreement, which was signed on 20 November 2025, establishes comprehensive tax rules between the two nations. The agreement aims to eliminate double taxation and prevent tax evasion between the two countries. The treaty...
The Austrian Federal Government has announced on 16 April 2026 new measures aimed at reducing administrative burden for companies, particularly benefiting small and medium-sized enterprises (SMEs) and start-ups through updated accounting requirements. Barbara Eibinger-Miedl said the reforms raise accounting thresholds to support SMEs and start-ups, reducing bureaucracy, improving predictability, and enhancing access to financing and...
Sri Lanka’s Inland Revenue Department has announced on 8 April 2026 major changes to the tax treatment of fabric imports, effective 1 April 2026, which will impact both importers and local suppliers in the textile sector. VAT rate increases to 18% The VAT zero-rate previously applicable to imported fabric has been rescinded, with such imports...
The US Internal Revenue Service (IRS) issued a Whistleblower Alert on 17 April 2026, highlighting an area of concern about misuse, diversion or fraudulent use of federal funds by tax-exempt organisations, individuals and businesses, and urged the public to provide information. “Whistleblower Alerts are a new way for the IRS to spotlight high-risk areas and...
The French tax authority issued updated guidance on Mutual Agreement Procedures (MAP) and Advance Pricing Agreements (APA) on 15 April 2026, following a public consultation launched on 15 January 2025. The revisions provide clarification on MAP access rules and APA roll-back conditions in transfer pricing cases. Section 110 of BOI-INT-DG-20-30-10 The concept of an “administrative...
The Moroccan government has introduced comprehensive value-added tax regulations targeting non-resident providers of digital services, with the rules set to take effect on 11 June 2026. The Government Council approved draft decree No. 2.25.862 on 20 November 2025, followed by the issuance of Decree No. 2.25.882 on 11 December 2025. These measures form part of...
The Legislative and Legal Affairs Committee of Bahrain’s Council of Representatives approved the draft law for the ratification of the income tax treaty with Saudi Arabia on 13 April 2026. Bahrain and Saudi Arabia signed a tax treaty on 3 December 2025. The agreement aims to address double taxation and promote investment. The agreement will...