Saturday, June 27, 2026
Kazakhstan has introduced a pre-filled Value Added Tax (VAT) declaration service for Form 300.00, enabling VAT returns to be automatically populated using data held in government information systems. According to the state revenue authorities, the pre-filling of the VAT declaration (Form 300.00) is based on information available in the authorities’ systems, including electronic invoices, taxpayers’...
The Kenya Revenue Authority (KRA) has notified all taxpayers, on 8 June 2026, that filing of income tax returns for the year of income 2025 is ongoing and must be completed by 30 June 2026. To facilitate smooth filing for the 2025 Year of Income, KRA has allowed taxpayers to declare valid business expenses that...
In the landmark decision of Commissioner of Taxation v Bendel HCA 18, the High Court of Australia dismissed the Commissioner’s appeal by a 5–2 majority, providing critical judicial clarification on the intersection of trust law and anti-avoidance tax rules. The Court held that unpaid present entitlements (UPEs) belonging to a corporate beneficiary are not treated...
The European Commission released a country-by-country compliance guide for multinationals navigating the EU’s new global minimum tax framework on 10 June 2026. The “Manual for MNE Groups on Global Minimum Tax (Pillar Two) Compliance Obligations” covers Austria, Belgium, Croatia, Cyprus, Czech Republic, Finland, France, Germany, Greece, Ireland, Poland, Romania, Slovenia and Sweden, and stems from...
Pakistan’s government presented its Federal Budget for FY2026-27 on 12 June 2026, targeting PKR 20.6 trillion in revenue through higher tax collections, tax administration reforms and broader economic documentation as it seeks to maintain macroeconomic stability and remain on track with its IMF-supported programme. The budget projects PKR 15.26 trillion in Federal Board of Revenue...
Kyrgyzstan’s President has signed legislation ratifying the 2025 income tax treaty with Japan, according to an announcement published on the presidential website on 10 June 2026. Once effective, the agreement will replace the 1986 Income Tax Treaty between the former USSR and Japan, which has remained the basis for tax relations between Japan and Kyrgyzstan...
Morocco’s House of Representatives (lower house) approved Bill No. 53.24 to ratify the income tax treaty with Chad on 8 June 2026. The agreement, signed on 14 August 2024, aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion, encouraging foreign investment and trade between the two nations. The agreement will...
The French National Assembly approved the law for the ratification of the amending protocol to the 1990 income and capital tax treaty with Sweden on 9 June 2026. Signed on 22 May 2023, the protocol updates the treaty in line with OECD BEPS standards, includes revisions to the preamble and Article 25 on the Mutual...
Norway’s Parliament (Stortinget) has passed legislation requiring digital bookkeeping and e-invoicing for all businesses subject to bookkeeping obligations, with implementation deadlines set for 1 January 2027 and 1 January 2030. Under the Accounting Act of 17 July 1998 No. 56, companies would be required to maintain bookkeeping through digital systems rather than spreadsheets or paper,...
The EU and Korea (Rep.) signed a Digital Trade Agreement (DTA) during the EU-Korea (Rep.) Summit held in Brussels on 10 June 2026. This DTA demonstrates the shared commitment to promote open, transparent, and rules-based trade. It is also in line with the EU’s broader commitment to establishing future-oriented digital trade rules with trusted, like-minded...