Sunday, June 07, 2026
Romania has raised annual mining tax rates through Decision No. 391, published on 14 May 2026 in the Official Gazette, with the changes taking effect from 15 May 2026. The new rates, established under Article 44 of Mining Law No. 85/2003, represent increases across all mining activity categories: Prospecting: RON 599 per km² (increased from...
Morocco’s tax authority (DGI) has introduced a new online system requiring foreign digital service providers to register and pay VAT on services delivered to Moroccan clients. Non-resident companies without a physical presence in Morocco must comply if they provide remote digital services to non-VAT registered customers based in the country. The new platform, called “Taxation...
The Industry and Security Bureau of the US Department of Commerce has published a notice in the Federal Register concerning the Procedures to Apply for Company-Specific Onshoring Agreements to Obtain Tariff Adjustments for Pharmaceuticals and Pharmaceutical Ingredients Under Proclamation 11020. This notice follows the previously issued Proclamation 11020 of 2 April 2026, which established a...
The Senate of Burundi, on 21 May 2026, gave its approval to the income tax treaty with the UAE. The treaty was signed on 16 February 2017. The primary goal of this treaty is to create a transparent tax environment and encourage cross-border investment. By removing the burden of being taxed in both countries, the...
The UK announced on 21 May 2026 a temporary reduction in value-added tax (VAT) for tourist attractions and related services from 25 June 2026 to 1 September 2026, aimed at supporting families and the hospitality sector amid rising energy costs following the Iran war. British finance minister Rachel Reeves said the VAT rate for attractions...
Turkey has enacted Law No. 7579, adopted on 7 May 2026 and published in the Official Gazette (Issue 33261), introducing amendments to the Land Registry Law No. 2644, Stamp Tax Law No. 488 and Condominium Law No. 634. A key procedural change requires real estate valuation reports prepared by institutions authorised by the Capital Markets...
Bosnia and Herzegovina’s Federal Ministry of Finance has introduced amendments to the Rulebook on the Allocation of Identification Numbers, Registration and Identification, and Records of Taxpayers in the Territory of the Federation of Bosnia and Herzegovina. The changes were published in the Official Gazette of the Federation of BiH No. 35/26 on 13 May 2026....
The Austrian Parliament (Nationalrat) approved on 21 May 2026 a draft bill introducing a reduced Value Added Tax (VAT) rate on staple foods. The measure forms part of the Austrian Value Added Tax Reform Act 2026 and still requires approval by the Federal Council (Bundesrat) before enactment. The reform introduces a new 4.9% VAT rate...
Indonesia’s tax authority, the Directorate General of Taxes (DGT) has given companies an extra month to submit their annual tax returns, pushing the deadline from 30 April to 31 May 2026. Director General of Taxes Bimo Wijayanto announced on Thursday, 30 April, during a visit to the Menteng Dua Tax Office in Jakarta. The extension...
Benin and the Netherlands signed an income tax agreement in Cotonou on 21 May 2026. The agreement is aimed at preventing double taxation while strengthening measures against tax avoidance and evasion. The treaty aligns with current OECD/G20 Base Erosion and Profit Shifting (BEPS) standards and incorporates modern international tax practices. Recognising Benin’s status as a...