Saturday, August 29, 2026
The Dutch Tax Authorities have updated their Questions and Answers (Q&A) on the Minimum Tax Act 2024 (MTA 2024), providing revised guidance on the application of the legislation, including the treatment of penalties, tax interest, appeal periods and the top-up tax information declaration. Published on 10 August 2026, the updated Q&A revises the version first...
Singapore’s Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the GST treatment of property transactions, including the treatment of an Option to Purchase (OTP) containing a nominee clause. The IRAS has published the GST: Guide for Property Owners and Property Holding Companies (Eleventh Edition), revising paragraph 7.10 and adding paragraphs 7.11 to...
Germany is to strengthen enforcement against tax and financial crime under a joint action plan presented by Federal Minister of Finance Lars Klingbeil and Federal Minister of Justice Dr Stefanie Hubig on 16 July 2026. The action plan focuses on improving cooperation between financial and investigative authorities, pooling expertise and findings from the federal and...
Oman has amended its Value Added Tax Law Regulations to introduce a two-phase mandatory electronic invoicing regime, with the first group of taxpayers required to comply from 1 April 2027. Two-phase implementation Decision No. 189/2026, issued on 9 August 2026 by the tax authority, sets the rollout according to an annual revenue threshold of OMR...
Bolivia’s Executive Branch has published Law No. 1755 of 30 July 2026 in the Official Gazette, which entered into force on the same day. The Executive Branch has introduced tax incentives through amendments to the 2026 General State Budget, originally approved by Law No. 1705 of 31 December 2025. This 2026 Bolivian legislative decree establishes...
Greece has listed 42 jurisdictions as having preferential tax regimes for the 2024 tax year under Decision No. A. 1160 of 29 July 2026, published in the Government Gazette Issue B΄ 4941 on 6 August 2026. The decision applies Article 65 of Law 4172/2013, under which a jurisdiction qualifies as a preferential tax regime where...
Hungary published Government Resolution 1254/2026. (VIII. 7.) in the Official Gazette on 29 June 2026, authorising the signing of an income tax treaty with New Zealand. The tax treaty aims to eliminate double taxation on income and strengthen measures against tax evasion and avoidance between the two nations. The treaty must be signed and ratified...
The Italian Revenue Agency clarified on 10 August 2026 through Response No. 158 that owners selling property upgraded through the Superbonus cannot claim construction costs paid by their co-owners to reduce their taxable capital gain. The ruling clarifies how the new capital gains tax—introduced by the 2024 Budget Law and governed by Articles 67-68 of...
Romania’s National Agency for Fiscal Administration is amending Order No. 352/2022—which sets out the procedure for settling VAT returns with negative balances and reimbursement options—to incorporate new risk-detection rules introduced by Article XIII of Emergency Ordinance No. 38/2026. The changes, formalised through Order No. 506/2026, establish a standardised framework for identifying problematic reimbursement claims before...
The Nigeria Revenue Service (NRS) has published three new guidelines dated 29 June 2026, incorporating changes introduced by the Nigeria Tax Act (NTA) 2025 and the Nigeria Tax Administration Act (NTAA) 2025, both of which took effect on 1 January 2026. Guidelines on the withholding of value added tax The Nigeria Revenue Service (NRS) Information...