Saturday, July 18, 2026
Bahrain’s National Bureau for Revenue (NBR) has published Excise Guide Version 1.1 on 29 June 2026, updating its guidance on the operation of the Kingdom’s Excise system. The revised guide is intended to help businesses understand Excise rules, compliance obligations and the tax treatment of activities involving excisable goods. The principal update from Version 1.0...
Hungary has granted authorisation for the signing of an income tax treaty with Angola. The authorisation was issued under Government Resolution No. 1212/2026. (VI. 29.) as published in the Official Gazette No. 81 on 29 June 2026. The tax treaty is aimed at eliminating double taxation on income and strengthening measures against tax evasion and...
The Hong Kong Inland Revenue Department (IRD) announced on 30 June 2026 that it has released updated lists of Qualifying Debt Instruments (QDIs) and sovereign bonds eligible for profits tax concessions or exemptions as of 31 March 2026. Qualifying Debt Instruments issued before 1 April 2018 Short Term/ Medium Term Debt Instruments Eligible for Profits...
The UAE Federal Tax Authority (FTA) has issued the Education Sector Value Added Tax Guide (VATGED1) on 29 June 2026, providing updated guidance on the application of Value Added Tax (VAT) to educational services, related goods and services, and other activities across the country’s education sector. Zero-rated educational services Under the guide, educational services qualify...
Uzbekistan has released Presidential Decree No. UP-103 of 2 June 2026, which introduces various measures aimed at the modernisation and expansion of cultural and arts sectors in Uzbekistan. To foster new talent, the government is establishing specialised creative associations and a dedicated investment fund to finance artistic business projects. Significant financial incentives are introduced, including...
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has announced on 29 June 2026 the Minister of Finance’s decision to extend the “Cancellation of Fines and Exemption of Financial Penalties Initiative” for taxpayers subject to all tax laws for an additional six months, starting from 1 July 2026. ZATCA clarified that the initiative provides exemptions...
Costa Rica’s Ministry of Finance has published an updated historical schedule of interest rates applicable to late tax payments and refunds of tax overpayments as of 1 July 2026. Under Resolution MH-DGH-RES-0033-2026/MH-DGA-RES-0897-2026, the rate has been set at 8.41% effective from 1 July 2026, based on the average commercial lending rate of Costa Rica’s national...
The European Commission has published its final evaluation report on the Anti-Tax Avoidance Directive (ATAD) on 25 June 2026, covering the period from 1 January 2019 to mid-2025. The report assesses the effectiveness of ATAD in meeting its objectives and examines whether the measures remain suitable for addressing current tax avoidance challenges. Purpose and scope...
Ireland’s Revenue has published eBrief No. 108/26, updating Tax and Duty Manual Part 06-08a-01 Dividend Withholding Tax – Details of Scheme to clarify when distributions may be paid, either directly or indirectly, to an Irish partnership or a non-resident partnership treated as equivalent to an Irish partnership for income tax or corporation tax purposes without...
The Dominican Republic’s Directorate General of Internal Revenue (DGII) has issued Notice 10-26, setting out the implementation schedule for key provisions of Law 30-26 and confirming that several tax measures will take effect from 1 July 2026. From that date, a 15% withholding tax will apply to royalties and payments to non-residents for software licenses,...