Sunday, June 07, 2026
The United States Trade Representative (USTR) released its findings and proposed measures on 2 June 2026 following the Section 301 investigations launched in March 2026 into 60 countries and economies to assess whether foreign governments have taken adequate measures to prevent the importation of goods produced with forced labour. (USTR has prepared a comprehensive report,...
The Norwegian Ministry of Finance has launched a public consultation on proposed amendments to the Supplementary Tax Act, introduced in January 2024 to implement the Pillar Two global minimum tax rules. The Act of 12 January 2024 implements internationally agreed rules on a global minimum tax in Norway. The rules are intended to ensure that...
Portugal has introduced a broad package of tax incentives and housing reforms through Decree-Law No. 97/2026 on 20 May 2026, with measures aimed at increasing housing supply and supporting moderate-priced homes for the middle class and first-time buyers. The legislation applies a temporary 6% VAT rate to residential construction and rehabilitation projects intended for sale...
The Sri Lankan Inland Revenue Department (IRD) has reminded taxpayers engaged in bookmaker and gaming businesses of their obligation to pay the monthly levy on gross collections for the month of May 2026 by 7 June 2026. The notice, issued for the 2026/27 year of assessment, reiterates that a levy of 18% is imposed on...
The Fengyuan Branch of Taiwan’s National Taxation Bureau of the Central Area has reiterated today, 5 June 2026, that agricultural land gifted for farming purposes can be exempt from gift tax when transferred between certain close relatives, including parents and children, siblings, and grandparents. The exemption is intended to support the continuity of agricultural activities...
Taiwan’s Ministry of Finance has announced today, 5 June 2026, of key changes introduced by the revised income tax treaty between Taiwan and Singapore, which entered into force on 13 February 2017 and applies from 1 January 2017. The new agreement, signed on 31 December 2015, replaced the original treaty signed on 30 December 1970....
The South African Revenue Service (SARS) has published an updated version of its Interest Rates – Table 3, confirming that the official rate of interest for income tax purposes has increased from 7.75% to 8.00% with effect from 1 June 2026. The official rate of interest is a key benchmark used in South Africa’s tax...
Portugal has published Law No. 26/2026 of 3 June 2026, implementing Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU) 2025/872 (DAC9). The legislation establishes a comprehensive framework for administrative cooperation in tax matters, with a particular focus on crypto-assets and the exchange of information relating to the global minimum tax regime. The law aligns...
The UK government has launched a consultation on suspending tariffs on more than 100 everyday essentials and has confirmed an increase in mileage rates for workers using their own vehicles for business use. The package, published by HM Treasury on 27 May 2026 and announced alongside The Rt Hon Rachel Reeves MP and The Rt...
Spain’s Ministry of Finance has published a Draft Ministerial Order that proposes amendments to Order HFP/115/2023 of 9 February 2023, which currently defines the list of countries, territories, and harmful tax regimes considered non-cooperative jurisdictions. Key changes to the list The proposal includes the removal of six jurisdictions or specific regimes: Barbados Dominica Gibraltar Samoa...