Sunday, June 07, 2026
Hungary’s tax authorities released comprehensive guidance on 13 May 2026 addressing the reporting requirements for global minimum tax obligations. This guidance provides taxpayers with clarity on the detailed data submissions required under recently established regulations. This guidance provides an official technical guide for multinational enterprises to complete the OECD’s GloBE Information Return (GIR), specifically focusing...
The OECD announced that Montenegro deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 6 May 2026. The BEPS Convention will enter into force for Montenegro on 1 September 2026. By depositing its instrument of ratification, Montenegro reaffirmed its commitment...
Argentina’s Customs Revenue and Control Agency (ARCA), together with the Secretariat of Agriculture, Livestock and Fisheries and the Secretariat of Energy, has issued General Resolution 5849/2026 regulating the procedure for small and medium-sized enterprises to join the Regime for the Promotion of Medium-Sized Investments (RIMI), introduced under Law No. 27,802 on Labour Modernisation. The measure...
The Ukrainian parliament, the Verkhovna Rada of Ukraine, has adopted in the first reading draft law No. 15111-d on the taxation of income earned by individuals through digital platforms, as the legislation moves towards a second reading. The draft law establishes a framework for the automatic exchange of information on income generated via digital platforms,...
Greece has enacted Law No. 5301/2026, introducing new crypto-asset reporting rules, Pillar Two tax measures, VAT amendments, and changes to shipping taxation after the legislation was published in the Official Gazette on 15 May 2026. The law implements Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU) 2025/872 (DAC9), creating new reporting and due diligence...
China’s instant tax refunding service for overseas visitors, launched in April 2025, has significantly boosted inbound consumption with the rapid growth of business volume. Over the past year, the number of travelers applying for instant tax refunding service jumped 12.96-fold, while both tax-refundable sales and total tax refunds increased 9.35-fold. Under the instant refund scheme,...
Germany and Ukraine signed an income tax treaty on 19 May 2026, updating their existing tax arrangements in line with current international taxation standards, including the OECD/G20 Base Erosion and Profit Shifting (BEPS) recommendations. The agreement revises tax rates on passive income, strengthens provisions for the exchange of tax information, and introduces procedures for the...
Bolivia’s National Tax Service (SIN) announced on 18 May 2026 that it has reinforced its commitment to digital modernisation following its participation in a major regional gathering focused on transforming tax administration across the Americas. Regional knowledge exchange in the Dominican Republic The SIN took part in the 60th General Assembly of the Inter-American Centre...
The UK’s His Majesty’s Revenue and Customs (HMRC) has opened a consultation on 18 May 2026 about the draft regulations designed to support the application of inheritance tax (IHT) to unused pension funds. This technical consultation seeks comments on the draft secondary legislation on changes to the information sharing regulations in connection with Inheritance Tax...
Belgium’s tax authorities have updated the FAQs about e-invoicing. As of July 2025, Belgian businesses are required to send and receive invoices electronically. This follows the announcement by Belgium’s Federal Public Service (SPF) Finance on 2 April 2026 that the three-month grace period for mandatory electronic invoicing, which began on 1 January 2026, had ended....