Tuesday, February 03, 2026
The Australian Taxation Office (ATO) published, on 9 January 2026, a recap of its November 2025 information session on implementing the global and domestic minimum tax under Pillar 2. The session was aimed at supporting multinational enterprise (MNE) groups and their advisers in preparing for Pillar 2 lodgments and compliance obligations, with a particular focus...
Turkey’s Revenue Administration has announced an extension for the Local Minimum Supplementary Corporate Tax returns for the 2024 accounting period under Tax Procedure Law Circular No. 195 (VUK-195/2026-1). Under the authority of Article 28 (repeated) of Law No. 213, the Revenue Administration has extended the submission and payment deadlines for the 2024 Local Minimum Supplementary...
Ireland has enacted the Finance Act 2025, following its approval by parliament on 23 December 2025, delivering a wide-ranging package of tax measures that include enhanced corporation tax reliefs for construction and the creative industries, an increased R&D credit, extensions to key income tax and VAT reliefs, higher CGT entrepreneur limits, and targeted changes to...
The OECD has published Digital Continuous Transactional Reporting for Value Added Tax: Policy and Design Considerations for Introduction and Operation, a report providing guidance for jurisdictions considering the introduction of a digital continuous transactional reporting (DCTR) system for VAT or reforming an existing DCTR framework. The report was released on 10 January 2026. It examines...
The German Federal Ministry of Finance has released its latest overview of tax treaties and related agreements, providing a snapshot of the country’s international tax relations as of 1 January 2026. The report details ongoing negotiations, concluded amendments, and newly initialed treaties, reflecting Germany’s efforts to modernise its network of double taxation agreements (DTAs) in...
The Peruvian government has extended the VAT (Impuesto General a las Ventas, IGV) exemption for the transactions listed in Appendices I and II covered under the VAT Law. The law ensures continued VAT relief on essential goods and selected services. It came into effect on 1 January 2026. Law 32,542 was published in the Official...
Cambodia’s General Department of Taxation, part of the Ministry of Economy and Finance, issued Notification No. 041 on 2 January 2026, delaying the introduction of the capital gains tax (CGT) on sales or transfers of immovable property by one year, It will now take effect from 1 January 2027. The CGT will still apply to...
Turkey’s Law No. 7566, adopted on 4 December 2025 and published in the Official Gazette on 19 December 2025, introduces new rules for 2025–2026, covering residential rental income, capital gains, social security contributions, and UEFA-related tax reliefs. Implementation is under presidential authority. Turkey has published Law No. 7566, an omnibus law amending multiple tax and...
The Portuguese government has set new monthly withholding tax rates for employment and pension income in mainland Portugal for 2026 through Order No. 233-A/2026, issued on 6 January 2026. The changes reflect updates introduced in the 2026 State Budget Law. The annual income exempt from personal income tax (PIT) rises to EUR 12,880, up from...
Burundi’s National Assembly (lower house) approved the income tax treaty with Morocco on 9 January 2026. The agreement, originally signed on 12 May 2025, aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion, encouraging foreign investment and trade between the two nations. It will enter into force upon exchange of...