Tuesday, February 03, 2026
The OECD announced that Sweden signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 4 November 2025. The Global Anti-Base Erosion (GloBE) Model Rules require each Constituent Entity of an MNE Group to annually file a GloBE Information Return (GIR) with the tax administration of the jurisdiction where it...
Kenya’s Tax Appeals Tribunal delivered its decision in Patel v Commissioner for Legal Services & Board Co-ordination Services on 28 November 2025, which addresses how the loss carryforward restriction introduced under the Finance Act 2025 should be applied. The case presents a judgment from the Tax Tribunal in Nairobi in a dispute between Vijay Kumar...
Argentina’s Federal Congress has enacted Law 27,799, which raises penalties for formal tax violations under the Procedure Tax Law (Law 11,683). The law was published in the Official Gazette on 2 January 2026 and entered into force upon its publication. The updated regulations introduce significant increases to fines regarding tax infringements and Country-by-Country (CbC) reporting....
Panama’s tax authority (DGI) announced on 8 January 2026 several updates to the e-Tax 2.0 system, including the release of new versions of declaration forms. A new section has been added to Form F2 (Corporate Income Tax), which now includes: F2 V10: Entrepreneurial Societies – Micro-entrepreneurs Micro-aid F2 Entrepreneurship Sector V2 (updated on 30 October) F2...
Turkey’s Revenue Administration has announced that Presidential Decision No. 10706, published in the Official Gazette on 19 December 2025, extends the 0% withholding tax rate on specific financial instruments. The decision, accepted on 18 December 2025 under the authority granted by the 17th paragraph of temporary article 67 of the Income Tax Law No. 193,...
UK’s HM Revenue & Customs (HMRC) has announced that interest rates for late tax payments and repayments in the UK will be reduced, following the Bank of England’s cut to the base rate. The rates, which are set in legislation and linked directly to the Bank of England base rate, were confirmed by HMRC on...
The US Supreme Court is expected to deliver its latest round of decisions on 14 January 2026 on the legality of President Donald Trump’s global tariff policy. The court noted that its rulings may be announced when the justices convene for their scheduled session next Wednesday (14 January). The tariffs case is widely seen as...
Korea (Rep.)’s National Tax Service reported that officials from Korea (Rep of.) and Cambodia held the 4th Korea-Cambodia Commissioners’ Meeting on 5 January 2026. The discussions focused on strengthening tax cooperation, including potential updates to the 2019 income tax treaty to incorporate measures for mutual assistance in tax collection. Korean officials highlighted the importance of...
The US Internal Revenue Service has issued Internal Revenue Bulletin 2026-01 on 29 December 2025, which includes five Revenue Procedures for 2026: letter rulings, determination letters, information letters and technical advice from the IRS. The bulletin outlines how the IRS provides rulings and technical advice across various tax areas and identifies the Associate Chief Counsel...
The Irish Ministry of Finance (MOF) has introduced a new corporation tax relief aimed at supporting the unscripted production sector, marking the first tax incentive in Europe dedicated exclusively to unscripted programming. Tánaiste and Minister for Finance Simon Harris T.D. and Minister for Culture, Communications and Sport Patrick O’Donovan T.D. unveiled the measure, which provides...