Saturday, June 27, 2026
UK’s His Majesty’s Revenue and Customs (HMRC) has initiated a consultation on 10 June 2026 regarding the measures to mitigate double taxation affecting UK-resident individuals who are members of United States limited liability companies (LLCs) and other reverse hybrids. The government intends to address the taxation of UK resident individuals who are members of reverse...
Malaysia has gazetted the Income Tax (Income of Approved Individual) (Women Returning to Work After Ceasing Employment Temporarily) (Exemption) Order 2026 on 9 June 2026. The Order grants eligible women an income tax exemption on gross employment income for a continuous period of up to 12 months. The order is effective from the year of...
The UAE has ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Information Pursuant to the Crypto-Asset Reporting Framework (CARF MCAA). The UAE is among the signatories to the CARF MCAA, which was opened for signature on 21 July 2025. The agreement, developed by the OECD, establishes a framework for the annual automatic exchange...
Austria has published a law in the Federal Law Gazette (BGBl. I No. 37/2026) on 10 June 2026 introducing reduced Value Added Tax (VAT) rate for a range of essential food products under amendments to the Value Added Tax Act 1994 (UStG 1994). The amendment creates a new 4.9% VAT rate for the supply and...
Moldova has issued Decree No. 639 dated 4 June 2026, published in the Official Gazette, authorising negotiations on an amending protocol to the 2008 income and capital tax treaty with Belgium. The original Convention between Moldova and Belgium for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on...
The Australian Taxation Office (ATO) has released updated guidance on 11 June 2026 clarifying how residency under double tax agreements can be demonstrated in structures involving fiscally transparent entities. Fiscally transparent entities and tax treaty residency claims How to evidence double tax agreement (DTA) residency in arrangements involving fiscally transparent entities (FTEs). What are fiscally...
The OECD has initiated a public consultation on proposed amendments to the Model Reporting Rules for Digital Platforms (MRDP) aimed at resolving practical and interpretative challenges identified during their implementation. The Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy (MRDP) were approved by the OECD in...
Russia’s State Duma, in the first reading, has approved a draft law designed to align the provisions of the Tax Code with separate legislation establishing a comprehensive framework for the regulation of the organisation and circulation of digital currencies and digital rights. The bill, approved on 9 June 2026, seeks to create clear and favourable...
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance stated that, pursuant to Article 4 of the Tax Collection Act and the principle of reciprocity, foreign diplomatic missions in the R.O.C. and their personnel may purchase goods or services exempt from business tax by presenting the Business Tax Exemption Card issued by...
The Italian Revenue Agency has issued Provision of 8 June 2026 (Prot. n. 171016/2026), which establishes the operational rules for requesting legal advice under Article 10-octies of the Statute of Taxpayer’s Rights. This procedure is specifically designed to provide a general or abstract interpretation of tax provisions managed by the Agency, particularly when there is...