Saturday, August 29, 2026
The Italian Revenue Agency has announced that it published Legislative Decree No. 148 of 7 August 2026 (the Omnibus Tax Decree) in the Official Gazette on 11 August 2026. This follows the Italian government’s approval of a sweeping 37-article tax reform on 4 August 2026, introducing changes across individual income, corporate taxation, VAT administration, and...
Germany’s Federal Cabinet released a press release on 12 August 2026 announcing the adoption of the draft Annual Tax Act 2026 (Jahressteuergesetz 2026) on 12 August 2026, proposing a broad package of changes to German tax rules. Among its key measures is the implementation of the OECD Inclusive Framework’s Side-by-Side Package, which would amend Germany’s...
Lithuania has proposed amendments to the rules used to determine whether a taxable person reaches the EUR 45,000 VAT registration threshold through Draft Law amending Article 71 of Law No. IX-751. This draft legislation on VAT would revise the transactions excluded when calculating the threshold. The proposal specifically updates point 4 of paragraph 22 of...
Officials from Bangladesh and Singapore have called for the early conclusion of the proposed bilateral Free Trade Agreement (FTA) and stronger business-to-business engagement to expand trade, investment and economic cooperation during separate meetings in Singapore. Bangladesh State Minister for Foreign Affairs highlighted opportunities to diversify Bangladesh’s exports to Singapore beyond ready-made garments, including pharmaceuticals, ceramics,...
The amending protocol to the 1990 income and capital tax treaty between France and Sweden will enter into force on 29 August 2026. It updates the treaty’s preamble and provisions on the Mutual Agreement Procedure and treaty benefits. The protocol replaces the preamble in line with OECD/G20 Base Erosion and Profit Shifting (BEPS) minimum standards...
Lithuania’s State Tax Inspectorate under the Ministry of Finance (VMI) has updated its commentary on the Law on Corporate Income Tax, providing further clarification on Thin Capitalisation rules, controlled debt and the treatment of financing involving controlling lenders and related parties. The updated commentary published on 10 August 2026, also addresses anti-abuse provisions, cash pool...
Lithuania’s State Tax Inspectorate has issued guidance on 11 August 2026 confirming amendments to the Law on Value Added Tax (No. IX-751), adopted as Law No. XV-1036 on 18 June 2026, to transpose Council Directive (EU) 2025/516, known as VAT in the Digital Age (ViDA). The amendments are intended to modernise VAT procedures in line...
The Italian Revenue Agency announced on 12 August 2026 that it published Legislative Decree No. 147/2026 in the Official Gazette No. 185 on 11 August 2026, which entered into force the same day. Legislative Decree No. 147/2026 introduces specific measures on how local and regional authorities manage taxes. The decree restructures regional and local tax...
Taiwan’s National Taxation Bureau of the Southern Area, under the Ministry of Finance, has announced that the filing period for the provisional income tax return relating to profit-seeking enterprise income tax for the 2026 fiscal year will run from 1 September to 30 September. The Bureau said the e-Filing and Tax Payment Service on the...
Cambodia’s Ministry of Economy and Finance (“MEF”) on 4 August 2026 issued Notice No. 008 on the Principles of Exemptions and Tax Concessions on the Transfer of Ownership or Possession of Immovable Property (“Notice 008”), introducing a package of tax relief measures for property owners. The measures are intended to support property owners, facilitate the...