Saturday, June 27, 2026
The South African Revenue Services (SARS) released updated Average Exchange Rates on 8 June 2026, providing essential data for calculations. The update includes rates for the Australian dollar, Canadian dollar, Euro, Hong Kong dollar, Indian rupee, Japanese yen, Swiss franc, UK pound, and US dollar. The term “average exchange rate” is defined in section 1(1)...
Qatar’s General Tax Authority (GTA) has announced, on 16 June 2026, the launch of the nationally recognised Certified Tax Specialist Programme, aimed at developing national competencies and strengthening the capabilities of tax professionals, thereby supporting the advancement and transformation of Qatar’s tax sector. The programme is designed to enhance technical expertise in key areas, including...
The Swedish Government proposed, on 11 June 2026, additional tax relief for companies with employees engaged in research and development (R&D) activities to boost business investment in R&D, strengthen Sweden’s competitiveness and support economic growth. Swedish companies make substantial investments in research and development and rank highly compared with companies in other countries. To create...
The UK’s HMRC outlined changes to Section 137 of the Taxation of Chargeable Gains Act 1992 (TCGA) that took effect on 26 November 2025, published in the Capital Gains Manual on the Anti-avoidance rule for share exchanges and company reconstructions from November 2025. The UK anti-avoidance rules for share exchanges and company reconstructions took effect...
The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 8/2026 on 2 Jun 2026, clarifying the application of Section 10L of the Income Tax Act 1947 in determining whether a company qualifies as an excluded incentive entity or an excluded entity that meets the prescribed economic substance requirements. The ruling determines whether...
Taiwan’s Ministry of Finance (MoF) has released a notice on 1 June 2026, reminding taxpayers of the requirements governing reasonable interest on inter-company lending arrangements. To protect the rights and interests of company shareholders and creditors, the Company Act stipulates that companies may lend to shareholders or any other person only under the circumstances that...
Following a second round of negotiations held in Tirana from 2 to 4 June 2026, Albania and Vietnam initialled a tax treaty on 4 June 2026. The two countries signed a memorandum of understanding on the draft treaty. The Vietnamese delegation was led by Deputy Director General Dang Ngoc Minh, while the Albanian delegation was...
Liechtenstein and Vietnam initialled a tax treaty on 12 June 2026 after the second round of negotiations held in Khánh Hòa from 10 to 12 June 2026. The two countries signed a memorandum of understanding. Earlier, officials from Liechtenstein and Vietnam met to discuss bilateral cooperation with Liechtenstein expressing interest in negotiating and signing an...
Kazakhstan has adopted a list of goods that qualify for exemption from import Value Added Tax (VAT) under Subparagraph 11) of Paragraph 1 of Article 479 of the Tax Code, according to Order No. 281/НҚ issued on 2 June 2026 by the Deputy Prime Minister – Minister of Artificial Intelligence and Digital Development. The Order...
Sweden has enacted an amendment to the Value Added Tax Act (2023:200) that lowers the VAT rate on admission to dance events from 25% to 6%. The change was approved by the Riksdag and formalised through Act SFS 2026:841, which was issued on 28 May 2026 and published on 3 June 2026. The legislation amends...