Saturday, August 08, 2026
Nigeria’s Federal Ministry of Information and National Orientation announced on 17 July 2026 that officials from Nigeria and Portugal discussed bilateral relations, including progress toward concluding an income tax treaty, during the EurAfrican Forum held in Cascais, Portugal, from 15 to 16 July 2026. Both parties identified several areas for immediate action: trade and investment...
A draft law has been submitted to the Russian State Duma proposing the introduction of a new individual income tax deduction for young professionals working in certain fields. The proposal is set out in Draft Law No. 1292383-8, submitted on 17 July 2026. The bill would apply to professionals under the age of 35 who...
The OECD has released the eighth edition of its Corporate Tax Statistics for 2026, featuring expanded data on corporate taxation, multinational enterprises, and BEPS practices on 21 July 2026. Corporate Tax Statistics is an OECD flagship publication on corporate income tax, providing comprehensive data on corporate taxation, multinational enterprise group (MNE) activity, and base erosion...
Hungary’s National Tax and Customs Administration has announced that the Hungarian National Bank reduced its base interest rate from 6.00% to 5.75%, effective 22 July 2026. The rate had previously been lowered from 6.25% to 6.00% on 24 June 2026. The base rate is used to calculate interest on late tax payments, which is set...
The Office of the United States Trade Representative (USTR) announced the signing of a reciprocal trade agreement with Jordan on 21 July 2026 and released a fact sheet outlining its key provisions. “President Trump is deepening our economic and strategic partnerships in the Middle East, reaching deals to unlock new opportunities for American exporters,” said...
The Dutch Tax Administration issued a clarification on 21 July 2026, explaining that the controlled foreign company (CFC) levy does not take low-tax-free investments into account. The recent clarification by the Dutch Tax Administration provides important insights into how the CFC rules interact with the participation exemption under the Dutch Corporate Income Tax Act 1969...
US President Donald Trump is set to impose new tariffs on dozens of countries as early as this week, according to a Financial Times report published yesterday, 21 July 2026, ahead of the expiration of the temporary 10% global tariff on Friday, 24 July 2026. The report said the initial round of tariffs is expected...
The Mauritius Cabinet approved new regulations to support the implementation of its Qualified Domestic Minimum Top-up Tax (QDMTT), providing further guidance on the operation of the domestic minimum tax regime introduced in 2025. The Cabinet agreed to the promulgation of the Income Tax (Qualified Domestic Minimum Top-up Tax) Regulations 2026, which supplement the existing legislative...
Hungary has introduced a revised transfer pricing (TP) documentation framework through Decree No. 45/2025 (XII. 23.) NGM on 9 July 2026, accompanied by guidance from the Ministry of Finance, setting out new documentation and data reporting requirements for tax years beginning in 2026. The new framework aligns Hungary’s TP documentation regime with the OECD’s three-tiered...
Cambodia’s Ministry of Economy and Finance announced, on 16 July 2026, that officials from Brazil and Cambodia met on 15 July 2026 to discuss bilateral cooperation. The two sides agreed to explore formal investment protections, a bilateral free trade agreement, including the possibility of negotiating an income tax treaty. They’re looking at the mechanics of...