Saturday, June 27, 2026
Norway’s government announced on 12 June 2026 that it will introduce increased customs duties on agricultural products and fertilisers from Russia and Belarus as of 1 July 2026. The decision is based on similar measures adopted by the EU. Both the security situation and Norway’s relationship with its European partners support aligning with EU measures...
The US Internal Revenue Service (IRS) announced on 8 June 2027 that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, which enables eligible taxpayers to claim a federal tax credit for qualified contributions to Scholarship Granting Organisations (SGOs) providing scholarships for qualified elementary and secondary education expenses. For taxpayers...
The Bangladesh government has proposed imposing a 15% capital gains tax on apartments and other non-cash benefits received by landowners under property development agreements, according to the Finance Bill 2026 presented by Finance Minister Amir Khosru Mahmud Chowdhury. Under the proposal, apartments received in exchange for land would be valued based on the official mouza...
Bangladesh has proposed a 15% capital gains tax on profits from the sale or transfer of gold, silver, jewellery, precious stones, diamonds, coins, digital currencies, artworks, antiques and club memberships under the Finance Bill 2026 presented with the national budget for fiscal year 2026-27. Finance Minister Amir Khosru Mahmud Chowdhury announced the proposal in parliament,...
Austria’s Federal Ministry of Finance has updated the list of jurisdictions participating in the automatic exchange of information (AEOI) for Global Anti-Base Erosion (GloBE) Information Returns (GIRs), providing further guidance on reporting obligations under the Pillar Two global minimum tax regime. In BMF Letter No. 2026-0.475.107, published on 9 June, the ministry outlined exchange relationships...
The European Union’s Faster and Safer Tax Relief of Excess Withholding Taxes (FASTER) directive establishes streamlined withholding tax relief procedures that expose significant gaps in Switzerland’s current system. While EU member states prepare to implement rapid electronic refunds by 1 January 2030, Swiss authorities continue to rely on largely paper-based mechanisms, creating a competitive disadvantage...
The Hong Kong government has published the Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 in the Gazette on 12 June 2026. The bill aims to enhance the preferential tax regimes for privately offered funds, family-owned investment holding vehicles (FIHVs) managed by eligible single family offices...
The US House Ways and Means Committee held a hearing on 9 June 2026 to explore new tax rules for digital assets, advancing eight bills and discussion drafts that aim to simplify compliance and establish clearer rules for activities like cryptocurrency mining and staking. The proposals address longstanding gaps in how the tax code treats...
Canada is preparing to pursue bilateral trade agreements with the US alongside the review of the Canada-United States-Mexico Agreement (CUSMA), Trade Minister Dominic LeBlanc said on Thursday, 11 June 2026. Speaking at a conference in Toronto, LeBlanc said Canada, the US and Mexico could negotiate arrangements outside the trilateral framework if such agreements help address...
The UK’s His Majesty’s Revenue and Customs (HMRC) has published guidance outlining how agents can access and amend a client’s domestic top-up taxes and multinational top-up taxes (Pillar Two top-up taxes) information through its online service. The guidance, issued on 10 June 2026, explains the steps agents must complete before they can manage Pillar Two...