Monday, April 27, 2026
Kuwait’s Ministry of Commerce and Industry issued new measures strengthening its Ultimate Beneficial Ownership (UBO) framework through Ministerial Resolution No. (37) of 2026 on 16 April 2026. The resolution amends provisions under Ministerial Resolution No. 4 of 2023, which established the UBO identification procedures effective from 1 April 2023. Under the updated rules, no commercial...
Irish Revenue has published eBrief No. 084/26 on 22 April 2026, issuing revised guidance on Capital Gains Tax (CGT) relief for company reconstruction or amalgamation transactions. Tax and Duty Manual Part 20-01-02 explains the operation of CGT relief available under section 615 of the Taxes Consolidation Act 1997 in cases of company reconstruction or amalgamation,...
Russia’s Federal Tax Service announced on 21 April 2026 that Russia and China have formalised their collaboration through a Memorandum of Understanding signed by Daniil Egorov, Head of Russia’s Federal Tax Service, and Hu Jinglin, Head of China’s State Administration of Taxation. The agreement establishes a framework for cooperation in digital tax transformation, training initiatives,...
Brazil and Germany announced plans to intensify negotiations on a new income tax treaty during their Joint Declaration on the 3rd German-Brazilian Intergovernmental Consultations in Hanover on 20 April 2026. The proposed agreement aims to boost investment and strengthen commercial ties between the two nations, replacing the 1975 treaty that was terminated effective 1 January...
The OECD has announced that the Slovak Republic has joined the International Compliance Assurance Programme (ICAP), increasing the number of participating countries to 25. ICAP is a voluntary risk assessment and assurance programme to facilitate open and co-operative multilateral engagements between MNE groups willing to engage actively and transparently and tax administrations in jurisdictions where...
The OECD has released the Taxing Wages 2026 report on 22 April 2026, showing higher taxes on labour across OECD countries, alongside increases in wages and post-tax income. Taxes on labour continue to rise across OECD countries Effective tax rates on labour income increased across OECD countries in 2025, especially for households with children, according...
The Italian Revenue Agency published Provision Prot. n. 123184/2026 on 22 April 2026, which outlines the formal procedures for claiming a refund or utilising compensation for the portion of Regional Tax on Productive Activities (IRAP) paid on dividends received from EU or EEA countries. This measure was enacted to implement the 2026 Budget Law (Law...
Spain will open the first global information reporting (GIR) and notification filing window under its Pillar Two framework on 30 April 2026, marking a key compliance milestone for multinational groups subject to the global minimum tax rules. The filing requirement arises under Law 7/2024, which implements the EU Minimum Tax Directive into Spanish domestic law...
The US Internal Revenue Service (IRS) is dusting off a 40-year-old tax provision that could dramatically reshape how multinational companies price transactions involving intellectual property, raising concerns among international tax practitioners about massive income reallocation. The commensurate-with-income (CWI) standard, enacted by Congress in 1986, allows the IRS to adjust transfer prices using hindsight—examining actual profits...
Bolivia’s National Tax Service (SIN) has issued Resolution No. 102600000014 on 16 April 2026, marking a significant shift toward the full digitalisation of financial and tax data. These updates specifically refine how businesses handle their Corporate Income Tax (IUE) obligations and Transfer Pricing documentation. The BOB 1,700,000 threshold Businesses with annual gross sales or income...