Sunday, June 07, 2026
Brazil’s tax administration, the Federal Revenue Service (RFB), has broadened access to debt instalment plans by allowing taxpayers to settle non-tax obligations through simplified digital channels through a notice released on 14 May 2026. The reform took effect in October 2025 through an amendment to Normative Instruction RFB No. 2,063/2022. Under the updated regulations, taxpayers...
Kenya’s revenue authority (KRA) released a public notice on 10 April 2026 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans for April, May, and June 2026. The rates remain unchanged from the rates previously announced on 22 January 2026. Fringe benefit tax For...
The Hong Kong Inland Revenue Department released a notice on 14 May 2026 reminding taxpayers and employers of their obligations to provide required tax-related information. Information to be furnished by taxpayers Taxpayers are reminded of their obligations under Sections 51(2), (6), (7) and (8) of the Inland Revenue Ordinance as follows : (a) Section 51(2)...
In an announcement on 13 May 2026, Poland’s Minister of Finance and Economy extended temporary reductions in VAT and excise tax on motor fuels until 31 May 2026, maintaining relief measures initially introduced to counter price volatility stemming from Middle East conflicts. As per earlier reports, the VAT rate on petrol, diesel oil, and biocomponent...
Bolivia’s National Tax Service (SIN) has announced an exceptional extension for tax compliance deadlines affecting the interdepartmental transport industry on 13 May 2026. The new deadline of 15 May 2026 provides additional time for sworn statements and Corporate Profits Tax payments for the 2025 fiscal year. The extension comes in response to temporary service disruptions...
The Australian Taxation Office (ATO) has issued a notice to advisers and taxpayers on 14 May 2026 outlining its key areas of concern regarding research and development (R&D) tax incentive claims. The ATO has also updated its guidance on ensuring R&D claims are made correctly, including a list of specific areas of concern. These are:...
Latvia and Liechtenstein will implement their income and capital tax treaty on 23 May 2026. The agreement, which was signed on 2 October 2025, will become applicable starting 1 January 2027. The treaty encompasses several tax categories in both nations. For Latvia, it covers enterprise income tax, personal income tax, and immovable property tax. Liechtenstein’s...
The Bahrain Shura Council (upper house) gave its approval to the law for the ratification of the income tax treaty with Saudi Arabia during its 29th session held on 10 May 2026. Signed on 3 December 2025, the provisions of the agreement apply to Bahrain corporate income tax as well as Saudi Zakat and income...
Andorra’s government announced on 6 March 2026 that representatives from Andorra and Panama met in March 2026 to discuss international legal cooperation and security initiatives, including plans to negotiate an income tax treaty. At the XXIV Ibero-American Conference of Ministers of Justice in Panama City on 8 May 2026, Andorra’s Secretary of State, Joan León,...
Canada’s Department of Finance announced on 12 May 2026 that discussions will begin next month to modernise the income tax agreement between Canada and Australia. The current treaty, originally established in 1980, has been modified twice through a 2002 protocol and the BEPS Multilateral Instrument. Canadian authorities are actively seeking feedback from stakeholders before negotiations...