Sunday, June 07, 2026
Argentina’s Ministry of Economy has provided an update on the status of several international tax treaty negotiations currently underway. The country is working to establish and strengthen fiscal agreements with nations across multiple continents. The ministry confirmed that Argentina is actively negotiating with seven countries to establish or modernise tax agreements. These discussions include work...
Kenya’s Finance Bill, 2026, introduces significant updates to Country-by-Country (CbC) reporting through amendments to the Income Tax Act. These changes focus on refining definitions and aligning statutory references to ensure clarity and compliance within multinational enterprise (MNE) groups. Technical amendments to definitions The Bill proposes technical adjustments to the definitions governing CbC reporting to provide...
The General Tax Administration (AGT) of Angola has announced an extension for taxpayers struggling to meet their Value Added Tax obligations for March 2026. The original deadline of 15 May 2026 has been pushed back by one week to 22 May 2026, providing relief to businesses affected by technical difficulties. The extension comes in response...
The Italian Ministry of Finance confirmed, on 19 May 2026, that Italy has joined the common understanding on GloBE Information Return filing under Pillar Two. Countries implementing the Global Minimum Tax from 2024 onwards, including Italy, have adopted a unified approach to preserve the efficiency benefits of centralised GIR submissions. This collaborative framework aims to...
The Australian Taxation Office (ATO) has published guidance on Pillar Two account and role creation on 19 May 2026. In March, the ATO published information about how MNE groups and their advisers could prepare for Pillar Two (global and domestic minimum tax) lodgments and obligations. This included information about Pillar Two registrations. For most in-scope...
The OECD has released crucial administrative guidance to help multinational corporations navigate the complex filing requirements of the Pillar Two Global Minimum Tax, addressing concerns about meeting the upcoming 30 June 2026 deadline. Under the new common understanding published on 18 May 2026, jurisdictions implementing the Global Minimum Tax from 2024 have agreed to provide...
Belgium has gazetted the Royal Decree of 10 May 2026 on 18 May 2026, establishing an updated list of 122 partner jurisdictions for the automatic exchange of financial account information in Belgium, in accordance with the Common Reporting Standard (CRS). This comprehensive list reflects recent international developments, specifically adding Cameroon, Montenegro, Rwanda, Senegal, and Trinidad...
Bahrain’s King has ratified Law 18 of 2026 on 17 May 2026, which officially approves the country’s income tax treaty with Jersey. Signed on 15 September 2025, the agreement establishes a framework to eliminate double taxation on income while preventing tax evasion and avoidance between the two countries. Both the Shura Council and the Council...
Italy’s government has finalised its fuel decree with the publication of Conversion Law Number 79/2026 in the Official Journal on 16 May 2026. The legislation makes Legislative Decree number 33/2026 into permanent law, maintaining reduced excise duties on petroleum products and introducing targeted support for transportation and fishing industries affected by volatile international oil markets....
Italy’s Revenue Agency has announced, on 14 May 2026, that it has updated its list of countries involved in the automatic exchange of financial account information, following a provision issued by the Department of Finance and the Revenue Agency on 12 May 2026. The new measure modifies the annexes to the 28 December 2015 ministerial...