Saturday, July 18, 2026
Uzbekistan has issued Presidential Decree No. UP-100 of 26 May 2026, which outlines a comprehensive reform package designed to modernise and simplify the tax environment for small businesses in Uzbekistan. Scheduled for implementation between 2026 and 2030, the legislation introduces a simplified value-added tax option set at a fixed 6% rate for eligible service and...
Turkey’s Tax Administration has extended the deadline for filing and paying the Global Minimum Top-up Corporate Tax for the 2024 fiscal year. The extension was announced in Circular No. 203/2026-9 on the Tax Procedure Law on 26 June 2026. Using its authority under repeated Article 28 of the Tax Procedure Law No. 213, the Tax...
The UK’s His Majesty’s Revenue and Customs (HMRC) has published a guidance, on 30 June 2026, on the process for submitting returns for Pillar Two top-up taxes in the UK, Pillar Two top-up taxes submission of returns (Notice 3). This notice contains tertiary legislation that applies for the purposes of Multinational Top-up Tax and Domestic...
The Italian Ministry of Economy and Finance and the Revenue Agency have published coordinated guidance on Global Minimum Tax reporting, including centralised filing procedures for the GloBE Information Return and comprehensive FAQs addressing Pillar Two compliance obligations. Centralised GIR filing framework The Ministry of Economy and Finance has issued guidance on 22 June 2026 pertaining...
The Trump administration has declined to renew the US-Mexico-Canada Agreement (USMCA), putting the trade deal on a 10-year countdown toward possible termination. The announcement came following the agreement’s mandatory six-year review and signals Washington’s intent to renegotiate key terms before the pact expires. The decision means the trilateral trade pact will not receive an automatic...
The OECD has issued a working paper, Revisiting local tax attribution under central control on 29 June 2026. This paper asks how local tax revenues should be attributed when tax rates, tax bases or tax-sharing arrangements are shaped by higher-level governments. To address this question, it combines tax attribution criteria from the System of National...
The OECD has released the Tax Transparency in Africa 2026: Africa Initiative Progress Report on 30 June 2026. Continued progress on transparency and exchange of information for tax purposes boost African countries’ domestic resource mobilisation African countries identified EUR 417 million in additional tax revenue in 2025 through exchange of information (EOI) and related voluntary...
The EU has adopted Regulation (EU) 2026/1455 on 25 June 2026, introducing reduced customs duties on a wide range of goods originating from the US to support stronger bilateral trade relations. The regulation reduces the Common Customs Tariff to 0% for a broad range of industrial products and selected agricultural goods listed in Annex I....
Greece has extended the deadline for submitting GloBE Information Returns (GIR) for fiscal years ending on or before 31 March 2025, with in-scope entities now required to file by 30 October 2026 under Decision A.1131/2026 issued on 29 June 2026. The Independent Authority for Public Revenue (AADE) said the extension applies to the top-up tax...
Hungary’s government has authorised the signing of a protocol to amend and update the 1994 Hungary–Kuwait Income and Capital Tax Treaty, as amended by the 2001 protocol. The authorisation was issued under Government Resolution No. 1213/2026 (VI. 29.) as published in the Official Gazette No. 81 on 29 June 2026. According to the resolution, the...