Saturday, August 08, 2026
Kazakhstan’s Minister of Finance has approved a comprehensive list of countries whose businesses qualify for double taxation treaty benefits based on their corporate tax rates. The approved countries must maintain a nominal corporate income tax rate that exceeds Kazakhstan’s corporate income tax rate by at least 75%. Additionally, each country must have an active international...
The Organisation for Economic Cooperation and Development (OECD) released an updated list of signatories, along with their signing dates, for the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports on 12 March 2026. As of 12 March 2026, 114 jurisdictions have signed the MCAA-CbC. Under BEPS Action 13, all large multinational...
Finland’s Ministry of Finance announced that the President has approved the suspension of the 1996 income tax treaty with Russia, effective 1 July 2026, after a formal proposal was made to the President for approval. This follows after Russia’s partial withdrawal from the agreement in August 2023. Finland suspended its 1996 tax treaty with Russia,...
Qatar has issued Cabinet Resolution No. (4) of 2026, effective 16 March 2026, permitting the direct application of tax treaty benefits, including reduced withholding tax rates or exemptions, at the time of payment. This marks a shift from the previous system, under which non-residents were required to pay withholding tax at domestic rates and subsequently...
Chile’s Tax Administration, Servicio de Impuestos Internos (SII), has issued Resolution Ex. SII No. 38-2026 of 9 March 2026, introducing changes to the monthly VAT return (Form No. 29) for taxpayers acting as intermediaries. The amendments add new reporting requirements for commission agents, consignees and other parties issuing billing invoices (liquidaciones-facturas) on behalf of third...
Korea (Rep.) has published Presidential Decree No. 36128, partially amending the enforcement Decree of the International Tax Adjustment Act, in the Official Gazette on 27 February 2026. The Decree introduces sweeping updates to its international tax framework, significantly revising the enforcement rules under the International Tax Adjustment Act. The amendments align domestic rules more closely...
The UK tax authority (HMRC) launched a consultation on 12 March 2026, inviting input on business systems integration and ways to simplify record-keeping for businesses. The purpose of the consultation is to gather insights from businesses, advisers, software providers, and academics on how system integrations could improve record-keeping. HMRC aims to understand practical challenges, potential...
Luxembourg has updated the list of jurisdictions with which its tax authorities exchange country-by-country (CbC) reports, as set out in the Grand-Ducal Regulation of 13 March 2026 and published in Official Gazette No. A 134 on 16 March 2026. The following countries have been added to the list: Country Region Dominican Republic Caribbean Mongolia Asia...
The Hong Kong Inland Revenue Department has introduced the Inland Revenue (Amendment) (Tax Concessions, Concessionary Deductions and Allowances) Bill 2026 for their first and second readings in the Legislative Council today, 18 March 2026. The Stamp Duty (Amendment) Bill 2026 will also be introduced into the Council for the First Reading and the Second Reading....
Italy’s Ministry of Economy and Finance announced on 12 March 2026 that it will soon issue legislative changes to the 2026 Budget Law (Law No. 199 of 30 December 2025), targeting key aspects of tax and customs policy. The planned changes will delay the rollout of a new import fee on low-value goods, provide greater...