Saturday, June 27, 2026
Malta’s Tax and Customs Administration has announced that requests to switch between VAT registrations under Article 10 and Article 11 of the VAT Act can now be submitted through the VAT e Services portal. In Malta, persons carrying out economic activity are generally required to register for VAT. Taxable persons established in Malta that make...
The Hong Kong Internal Revenue Department (IRD) has announced on 10 June 2026 that the Inland Revenue (Amendment) (Tax Concessions for Shipping-related Activities and Physical Commodity Trading) Bill 2026 will be published in the Gazette this Friday (12 June 2026) to amend the Inland Revenue Ordinance (Cap. 112) to enhance the existing tax concessions for...
Luxembourg’s tax administration has issued a circular on 1 June 2026, clarifying the VAT treatment of photovoltaic (PV) installations, setting out how VAT obligations and deduction rights apply depending on how the electricity generated by the systems is used. The circular confirms that PV installations are treated as immovable property for VAT purposes because they...
UK’s HM Revenue & Customs (HMRC) has published new guidance in its Capital Gains Manual explaining the operation of revised anti-avoidance rules for share exchanges and company reconstructions on 8 June 2026. The guidance, set out in a new annex titled CG-APP20 – Anti-avoidance rule for share exchanges and company reconstructions from November 2025, replaces...
The UAE’s Federal Tax Authority (FTA) has launched a new initiative expanding the scope of expenses eligible for VAT refunds for UAE nationals constructing new residences, allowing citizens to claim refunds on an additional range of construction costs. The initiative aligns with the UAE leadership’s directives and coincides with the Year of Family, with the...
The National Bank of Kazakhstan has lowered the base rate from 18.0% to 17.0%, effective 8 June 2026, according to an official update. The move follows a period of rate stability throughout the first part of 2026 and reverses part of the increase implemented in October 2025, when the rate was raised from 16.5% to...
Turkey has approved the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA), reinforcing its participation in the international framework supporting the global minimum tax. The approval was formalised through Decision No. 11396, published in the Turkish Official Gazette on 6 June 2026. The agreement was signed by...
Greece’s Ministry of National Economy and Finance has launched a public consultation on a draft omnibus bill that would introduce tax, social welfare and regulatory measures aimed at addressing economic pressures and supporting household incomes. The consultation, announced by Minister Kyriakos Pierrakakis on 1 June 2026, will remain open until 15 June 2026. The draft...
Spain’s Tax Authority (AEAT) on 1 June 2026 published two technical documents—the Ministerial Order Project for the Public Electronic Invoicing Solution (SPFE) and Public Electronic Invoicing Solution (SPFE) Technical Aspects—setting out the functional and technical framework for the country’s mandatory B2B e-invoicing regime. The guidance confirms the use of UBL 2.5 aligned with EN 16931:2026...
The Indian Supreme Court has delivered a ruling on the Goods and Services Tax (GST) treatment of online gaming, fantasy sports and casino activities, holding that GST is payable on the entire value of stakes or bets placed by participants rather than only on platform commissions or service fees. In its judgment issued on 27...