Thursday, October 29, 2026
The Cyprus House of Representatives is considering the Ensuring a Global Minimum Level of Taxation of Multinational Enterprise Groups and Large-Scale Domestic Groups in the Union (Amendment) Law of 2026, which was introduced during a plenary session on 8 October 2026. This legislative measure updates the island’s corporate tax framework to ensure full alignment with...
The US Internal Revenue Service (IRS) issued Revenue Procedure 2026-20, clarifying updated safe harbour guidelines for investment and grantor trusts that engage in digital asset staking. Effective for tax years ending on or after 6 October 2026, this new guidance outlines, modifies, and supersedes the initial safe harbour framework created under Rev. Proc. 2025-31. The...
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance page on the Global Anti-Base Erosion (GloBE) Rules and the Domestic Top-up Tax (DTT) to include the substance-based tax Incentive Safe Harbour. The safe harbour belongs to the Side-by-Side package agreed by the Inclusive Framework (IF) on 5 January 2026. The page also sets...
Belgium’s tax authority (FPS Finance) announced that it adopted a legislative amendment that postpones the deadline for filing supplementary national tax returns. The Finance and Budget Committee approved the change on 2 October 2026, under document reference DOC 56 1719/003. The Belgian authorities previously announced a postponement of these filing deadlines on 28 September 2026....
Bangladesh has proposed a Comprehensive Economic Partnership Agreement (CEPA) with Oman, Commerce Minister Khandakar Abdul Muktadir said at a meeting with Oman’s ambassador in Dhaka on 13 October 2026. The minister met Ambassador Jameel bin Haji bin Ismail Al Balushi at the Ministry of Commerce, according to a statement from the ministry. He said Dhaka...
The Slovak Republic and Thailand agreed to accelerate negotiations on an income tax treaty during high-level talks on 12 October 2026, according to a release from the Slovak Republic Ministry of Foreign and European Affairs, Foreign Affairs Minister Juraj Blanár emphasised that Slovakia wants to conclude the double-taxation treaty and a companion investment protection agreement...
Germany’s Federal Constitutional Court opened a hearing on a challenge to inheritance tax exemptions for business assets. Private assets can be taxed at up to 50%, depending on the heir’s relationship to the deceased and the value of the inheritance. Business assets can in some cases qualify for a 100% exemption if heirs continue operating...
The UAE Ministry of Finance announced that it released Ministerial Decision No. 168 of 2026 on 9 October 2026, establishing new requirements for companies that provide electronic invoicing services in the UAE. The decision replaces Ministerial Decision No. 64 of 2025 and Ministerial Decision No. 56 of 2026. Service providers must follow the new rules...
Irish Revenue has issued eBrief No. 144/26 on 7 October 2026, introducing a new Tax and Duty Manual (TDM) on the VAT treatment of end-of-lease transactions. It applies where the lessor is a financial institution that buys an asset (movable goods) and leases it to a lessee. The manual treats a lease as a supply...
Brazil’s tax authority, the Federal Revenue Service (RFB) announced on 13 October 2026 that it has set 15 October 2026 as the final deadline for businesses to apply for the Simplified National Tax System (Simples Nacional). Applications received after this date will not be processed for fiscal year 2027. Many micro and small enterprises that...