Saturday, August 08, 2026
The German Ministry of Finance ( MoF) published draft bills on 24 March 2026 to ratify three international agreements aimed at strengthening tax transparency. The bills cover the CARF MCAA for crypto-asset reporting, the DPI MCAA for income from digital platforms, and the CRS MCAA addendum updating financial account reporting. The CARF MCAA, which Germany...
The French government has extended the reduced 10% VAT rate for certain forestry and fire prevention activities. Published on 25 March 2026, the update is included in Article 96 of the 2026 Finance Law (Law No. 2026-103) and in the official Bulletin of Public Finances (BOFiP). This announcement was made on 25 March 2026. The...
Irish Revenue published eBrief No. 063/26 on 25 March 2026, providing updated guidance on the participation exemption for specified foreign distributions Participation exemption for certain foreign distributions Tax and Duty Manual (TDM) Part 35-02-11 provides guidance on the participation exemption in section 831B TCA 1997, which is a corporation tax exemption for foreign-sourced dividends and...
The German Ministry of Finance (MOF) on 20 March 2026 published a draft bill to implement the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA), which Germany signed on 19 September 2025. The law is expected to enter into force the day after promulgation. The GIR MCAA...
The Russian Ministry of Finance (MoF) published updated guidance on requesting assistance under the Mutual Agreement Procedure (MAP), setting out detailed rules for taxpayers seeking relief from double taxation under applicable double taxation agreements (DTAs) on 20 March 2026. The guidance explains that MAP is a mechanism allowing the Russian competent authority and its treaty...
The Australian Taxation Office has released guidance on tax consolidated group restructures and transition rules, outlining how Australia’s Pillar 2 minimum tax rules apply to acquisitions, restructures, and other ownership or asset transfers within tax consolidated groups. The guidance covers the following: Restructure rules and transition rules for tax consolidated groups The Pillar Two rules...
The Australian Taxation Office has opened a public consultation on Draft Practical Compliance Guideline PCG 2026/D1, covering thin capitalisation and the allocation of risk-weighted assets to Australian branches of foreign banks. This guideline: addresses a thin capitalisation issue impacting foreign banks that conduct their banking business in Australia through a branch outlines our approach to...
India’s Lok Sabha (lower house of parliament) has approved the Finance Bill 2026 with amendments on 25 March 2026. It now awaits approval by the Rajya Sabha. The bill implements the Union Budget 2026–27, including measures to introduce the new Income Tax Act 2025 from 1 April 2026. The Union Budget 2026–27 includes proposals centred...
The French tax authority has released the statement of assessment of the supplementary (top-up) tax (Form 2272-SD) and related guidance for reporting supplementary (top-up) tax. The form must be filed by parent or constituent entities subject to the Pillar 2 income inclusion rule (IIR), the undertaxed payment/profit rule (UTPR), or the qualified domestic minimum top-up...
Sweden’s parliament has approved legislation to implement Council Directive (EU) 2025/872 (DAC9) on 25 March 2026. The primary provisions and the new law are proposed to enter into force on 1 May 2026. This legislation details a proposal to implement global minimum tax standards for large multinational corporations through the DAC9 directive and the GloBE...