Tuesday, February 03, 2026
Irish Revenue has published eBrief No. 010/26 on 8 January 2026, providing updates to Tax and Duty Manual (TDM) Part 04A-01-02 on the Global Minimum Level of Taxation for multinational enterprise groups and large domestic groups in the EU, covering the implementation of Ireland’s Pillar 2 global minimum tax rules. Tax and Duty Manual (TDM)...
The Cambodia Accounting and Auditing Regulator (ACAR) has issued Notification No. 040/25 on 23 December 2025, outlining the requirements for enterprises and non-profit organisations to submit their 2025 financial statements in compliance with applicable accounting standards. Entities not subject to independent audit must submit their annual financial reports to ACAR by 20 April 2026. Organisations...
The Korea (Rep.)’s 2026 tax reforms, enacted following budget-related amendments approved in December 2025, introduce several changes to corporate and individual taxation. Corporate tax rates are increased by 1% in each of the four brackets, and new brackets are established for the separate taxation of qualifying dividend income received by resident individuals. Other key measures...
The Luxembourg Administration of Direct Tax has issued guidance on Pillar 2 global minimum tax filings, covering registration and submission of Global Information Returns (GIR) and Supplementary tax returns. The guidance includes links to XML formats and related instructions. All filings must be completed online via MyGuichet.lu, which requires login. Procedures include: Registration Submission of...
The Cabinet of Fiji approved the signing of the OECD–Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, as updated by the 2010 protocol, on 6 January 2026. This marks the final step for the country’s removal from the European Union (EU) list of non-cooperative jurisdictions. Fiji was added to the EU Blacklist...
The Hong Kong Inland Revenue Department (IRD) updated its guidance on the global minimum tax and Hong Kong minimum top-up tax for multinational enterprise groups on 8 January 2026. The updates indicate that Hong Kong has received transitional qualified status for its Income Inclusion Rule (IIR), Hong Kong Minimum Top-up Tax (HKMTT), and Qualified Domestic...
The UK Parliament has released a statement from the Exchequer Secretary to the Treasury on 7 January 2026 endorsing the Side-by-Side arrangement for the Pillar 2 global minimum tax, recently agreed by the BEPS Inclusive Framework. Implementation in UK law will follow a technical consultation and will be included in the next Finance Bill, applying...
The Cyprus Minister of Finance issued a statement on 8 January 2026 regarding the Side-by-Side (SbS) arrangement for the Pillar 2 global minimum tax, recently endorsed by the BEPS Inclusive Framework. The release highlights that, under Council Directive (EU) 2022/2523 of 14 December 2022, safe harbour provisions like those in the SbS arrangement can be...
The Inland Revenue Authority of Singapore (IRAS) released the second edition of its e-Tax Guide on Multinational Enterprise Top-up Tax and Domestic Top-up Tax on 7 January 2026. The guide explains the new Pillar 2 Income Inclusion Rule—referred to as the Multinational Enterprise Top-up Tax (MTT)—and the Domestic Top-up Tax (DTT) introduced under the Multinational...
The Dominican Republic’s tax authority (DGII) issued Resolution DDG-AR1-2025-00008 on 17 December 2025, revising the specific tax rates applicable to the selective consumption tax on alcohol and tobacco products. The resolution informs taxpayers subject to the Selective Consumption Tax, specifically producers of alcohol, alcoholic beverages, and beer, of the applicable specific tax amounts for calculating...