Saturday, June 27, 2026
Officials from Latvia and San Marino have initialled an income tax treaty following concluded negotiations, which was initialled on 14 May 2026. It requires formal signature and ratification to become effective. The development was confirmed by Latvia’s Ministry of Finance. The treaty aims to provide a comprehensive framework governing taxation of business income, capital, and...
The Luxembourg Administration of Direct Tax (ACD) has released an updated Frequently Asked Questions (FAQs) document on the Pillar Two global minimum tax rules introduced under the Law of 22 December 2023 (the Pillar Two Law), providing further guidance on registration obligations, GloBE Information Return (GIR) notifications, and transitional provisions. The revised guidance, published on...
The Rwandan Cabinet has approved the ratification of the pending income tax treaty with Botswana on 8 June 2026, according to a post by the Office of the Prime Minister of Rwanda. Signed on 6 May 2026, the treaty aims to prevent double taxation and fiscal evasion between the two nations. It will enter into...
The OECD released the Tax Transparency in Asia 2026: Asia Initiative Progress Report on 6 June 2026, highlighting tax transparency achievements across the region that contributed an additional EUR 1.6 billion in tax revenue in 2025. Further advances on tax transparency brought Asian countries EUR 1.6 billion in additional revenue in 2025 Asian countries identified...
Morocco’s House of Representatives approved Bill No. 39.25 on 8 June 2026, paving the way for the ratification of the income tax treaty with Burundi. The agreement, signed on 12 May 2025, aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion, encouraging foreign investment and trade between the two nations....
Taiwan’s National Taxation Bureau of the Northern Area, Ministry of Finance, announced that effective 25 June 2025, for cases where taxpayers file administrative remedies regarding taxes or fines and execution is deferred according to law, the calculation of the collection period shall exclude the end date of the deferred execution period. The calculation endpoint, previously...
The OECD/G20 Inclusive Framework has published practical guidance to smooth the rollout of the Global Information Return (GIR), the standardised reporting mechanism that enables tax administrations to exchange multinational enterprise data and verify compliance with the GloBE Rules. Schema issues identified and workarounds provided The guidance addresses fourteen discrete technical deficiencies within the GIR XML...
The Hong Kong Inland Revenue Department has announced enhancements to the Business Tax Portal (BTP), expanding access to allow authorised representatives of non-Hong Kong companies, as well as additional eligible individuals acting as Responsible Persons (RPs), to register for a BTP Business Account. Correspondingly, the BTP guidance page has been updated to reflect these changes....
The US Internal Revenue Service (IRS) and Security Summit partners announced on 8 June 2026 that a restructuring of the public-private partnership is designed to strengthen protections and enhance information sharing across the tax system. The change supports ongoing efforts to safeguard taxpayers from identity theft and related fraud. The Security Summit is a unique...
The Australian Taxation Office (ATO) issued new guidance on public country-by-country (CbC) reporting on 9 June 2026. Australia’s public CbC reporting rules apply to reporting periods commencing on or after 1 July 2024, with reports required to be filed within 12 months after the end of the relevant reporting period. The guidance outlines key aspects...