Saturday, August 08, 2026
The Slovak Republic and Andorra are working toward their first bilateral income tax agreement, according to a statement from the Slovak Republic’s Ministry of Foreign and European Affairs released on 31 March 2026. State Secretary Marek Eštok emphasised Andorra’s significance as a partner during discussions with newly appointed Andorran Ambassador Jaume Serra Serra on 30...
Russia’s government Resolution No. 305, published in the Official Gazette on 24 March 2026, introduces amendments to reporting requirements for resident legal entities regarding foreign accounts and electronic payment instruments (EPI). The decree clarifies reporting periods, extends deadlines, and provides exemptions for certain multinational group arrangements. Effective 1 April 2026, resident entities must submit reports...
The Hong Kong Inland Revenue Department announced the new versions and enhanced features of the electronic filing (e-filing) of profits tax return services and the full adoption of the Electronic Block Extension Scheme on 1 April 2026. In addition, it also launched the IRD Taxonomy Package and IRD iXBRL Data Preparation Tools, where all corporations...
The Hong Kong Inland Revenue Department (IRD) has announced the issuance of profits tax, property tax, and employers’ returns for the 2025–26 tax year on 1 April 2026. IRD has issued about 270, 000 profits tax returns, 120, 000 property tax returns and 340,000 employers’ returns for the year of assessment 2025-26, and will issue...
Spain’s Tax Agency has issued a statement outlining the tax provisions of Royal Decree-Law 7/2026 on 20 March 2026. Published in the Official State Gazette on 21 March, the decree enacts the Comprehensive Response Plan to the Crisis in the Middle East and introduces a range of tax measures, including the following: Corporate tax With...
The Serbian Prime Minister and Algerian Prime Minister have signed an income and capital tax treaty on 31 March 2026, marking a significant step in deepening relations between the two countries. This marks the first agreement of its kind between the two countries and is intended to eliminate double taxation on income and property, while...
The OECD announced on 31 March 2026 that the African Tax Administration Forum (ATAF) and the OECD have completed a new series of joint workshops to support advancing transfer pricing simplification across the African region, bringing together more than 130 participants from 17 African countries. Delivered in French, the workshops brought together tax officials from...
Italy’s tax authorities have issued updated guidance, under Protocol No. 106520 of 31 March 2026, which details the voluntary tax option that allows Italian controlling entities to pay a flat 15% substitute tax on the net accounting profits of their foreign subsidiaries instead of undergoing complex standard tax calculations, introduced at the end of 2023....
The Australian Taxation Office (ATO) issued new guidance on Amending a global and domestic minimum tax assessment and Globe Information Return (GIR) on 31 March 2026. Check if an amendment is needed To correct mistakes in relation to the global and domestic minimum tax, entities may need to: amend a prior return or assessment, or...
Uganda’s Government has tabled new tax Bills, with a 30% environmental levy on imported secondhand clothes. The Bills were tabled by the Minister of State for Finance, Planning and Economic Development (General Duties), Hon. Henry Musasizi, during plenary on Wednesday, 1 April 2026, chaired by Speaker Anita Annet Among. The proposed environmental levy is contained...