Saturday, August 08, 2026
The Swiss Federal Tax Administration (FTA) on 7 April 2026 released official statements clarifying how Switzerland will apply the Pillar Two Side-by-Side Package and related administrative guidance on Article 9.1 of the Global Anti-Base Erosion Model Rules (GloBE Rules). The statements address both the timing of safe harbour rules and the treatment of deferred tax...
The Sultanate of Oman issued Royal Decree No. 8/2026 on 12 January 2026, establishing the International Financial Centre of Oman (IFC Oman). Effective 13 January 2026 upon its publication in the Official Gazette, IFC Oman will operate with legal personality and financial independence, reporting directly to the Deputy Prime Minister for Economy and Finance. The...
The UAE Ministry of Finance (MoF) has announced, on 1 April 2026, amendments to Cabinet Decision No. (74) of 2023 On the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures, pursuant to the amendments introduced under Federal Decree-Law No. (28) of 2022 on Tax Procedures, as amended, which entered into force...
The Department of the Treasury and the Internal Revenue Service issued guidance on 6 April 2026 to the Chief Executive Officers of any State, the District of Columbia, and US territories regarding the procedure for nominating population census tracts to be designated as qualified opportunity zones (QOZs) under the One, Big, Beautiful Bill. “Permanently extending...
With the 15 April tax deadline fast approaching, the Internal Revenue Service (IRS) reminded taxpayers on 3 April 2026 that there is still time to file their federal income tax return electronically and request direct deposit for any refund due. Taxpayers can avoid interest and some penalties by filing their tax return, and if they...
Austria and France have formally signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA) on 17 March 2026 and 30 March 2026, respectively, the OECD has confirmed. The DPI MCAA establishes a framework for the automatic exchange of information under the OECD Model Rules...
The New Zealand Inland Revenue released Tax Information Bulletin Volume 38 – 2026, which includes, among other items, Determination AE 26/01 on the participating jurisdictions for the Common Reporting Standard (CRS) on 1 April 2026. This determination lists the participating jurisdictions that, effective from 1 April 2026, have an agreement with New Zealand to provide...
The Spanish Tax Agency has published Royal Decree 238/2026 on 25 March 2026, in the Official State Gazette (BOE) on 31 March. The decree introduces mandatory electronic invoicing requirements for B2B transactions between businesses and professionals and updates the Regulation on invoicing obligations established by Royal Decree 1619/2012 of 30 November. Royal Decree 238/2026 sets...
The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 5/2026 on 1 April 2026, clarifying the criteria for a company to qualify as an “excluded entity” under Section 10L of the Income Tax Act 1947. This status is important because capital gains from the sale of foreign assets are not taxed...
Pakistan’s Federal Board of Revenue (FBR) has introduced a significant tax exemption for builders and developers through Circular No. 07 of 2025-26, addressing long-standing liquidity concerns in the construction industry on 31 March 2026. The circular clarifies the treatment of withholding tax for taxpayers operating under Section 7F of the Income Tax Ordinance, 2001. This...