Saturday, June 27, 2026
The Hong Kong Inland Revenue Department (IRD) has revised its guidance on the global minimum tax and Hong Kong minimum top-up tax for multinational enterprise groups, including the release of the GloBE Information Return (GIR) XML Schema and user guides. It also allows Part 4AA entities—MNE group members within the scope of Hong Kong’s global...
Officials from the Montenegro Ministry of Finance and Spain signed a new Agreement on the Avoidance of Double Taxation and the Prevention of Income Tax Evasion on 5 June 2026 in Tivat, on the sidelines of the European Union–Western Balkans Summit. The treaty is designed to remove the risk of double taxation for individuals and...
India has published the Income-Tax (Amendment) Commencement Ordinance 2026 in the Official Gazette on 5 June 2026, introducing a targeted set of tax reforms aimed at strengthening foreign participation in Indian Government securities markets. The Ordinance is designed to encourage greater global investment by modifying the Income-tax Act, 2025 to provide specific tax exemptions on...
The Inland Revenue Authority of Singapore (IRAS) has revised its guidance on the registration requirements for the Multinational Enterprise Top-up Tax and the Domestic Top-up Tax. Following the 2024 Budget, Singapore has introduced new global minimum tax rules under the Multinational Enterprise (Minimum Tax) Act 2024. These apply from financial years starting on or after...
New Zealand Inland Revenue has announced that a new income and capital tax treaty with the UK was signed on 1 June 2026. The treaty applies to New Zealand income tax and to UK income tax, corporation tax and capital gains tax. According to Inland Revenue, the new double taxation agreement (DTA) is intended to...
Ireland and Sweden signed an amending protocol on 3 June 2026 to revise the 1986 income tax treaty, which had previously been updated by the 1993 protocol. The second protocol amending the treaty introduces several key updates. It replaces the preamble in line with OECD BEPS standards, removes specific limitation on benefits provisions from Articles...
The Bulgarian Council of Ministers approved the signing of an income tax treaty with Andorra, together with amendments to the draft agreement that had been agreed in March 2026 on 3 June 2026. The treaty is intended to avoid double taxation on income and strengthen measures to prevent tax evasion and tax avoidance between the...
The Senate of Kazakhstan approved the income and capital tax treaty on 28 May 2026. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. The approval marks the completion of the parliamentary process, and the agreement will now be forwarded to the president for final approval and signing before it...
Iraq’s Council of Ministers approved the income and capital tax treaty with Oman on 25 May 2026. Iraq and Oman signed the income and capital tax treaty on 3 September 2025. The agreement aims to eliminate double taxation and prevent fiscal evasion. The treaty applies to Iraqi income tax, real estate tax, vacant land tax,...
Kuwait has published Decree-Law No. 62 of 2026 in the Official Gazette on 7 June 2026, approving the country’s accession to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The decree completes Kuwait’s domestic approval process for the convention, which the country originally signed on 7...