Saturday, July 18, 2026
The Slovak Republic’s tax authority, the Financial Administration (Finančná správa) announced on 26 June 2026 that taxpayers face an immovable deadline of 30 June 2026 to submit deferred tax returns and settle their obligations. Taxpayers who opted to extend their tax return filing deadline have until tomorrow to meet their obligations. The deferred tax return...
The Japan-Kyrgyzstan income tax treaty (2025) will enter into force on 26 July 2026, following the completion of the exchange of mutual notifications between the two countries. Under the treaty, most substantive provisions will apply from 1 January 2027, although certain withholding tax rules in the Kyrgyz Republic will apply earlier. In Japan, the treaty...
Taiwan’s Ministry of Finance has announced that the income tax treaty with Tuvalu entered into force on 11 June 2026. The treaty was signed 4 March 2026. The treaty applies to Taiwan’s profit-seeking enterprise income tax, individual income tax, and income basic tax. On the Tuvalu side, it applies to income tax imposed under the...
Spain has updated its list of non-cooperative jurisdictions and harmful tax regimes following the publication of Order HAC/649/2026 in the Official Gazette on 27 June 2026. The order amends the list established under Order HFP/115/2023 to reflect international standards developed by the European Union and the OECD as part of efforts to strengthen tax transparency...
Thailand’s Cabinet approved the signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GloBE MCAA) at its meeting on 16 June 2026, according to a Revenue Department press release. The agreement, developed under the standards of the Organisation for Economic Co-operation and Development (OECD), provides a framework for participating jurisdictions to...
The Australian Taxation Office (ATO) updated its guidance on the taxation of permanent establishments (PEs) on 24 June 2026, outlining when enterprises may be subject to tax in Australia or overseas under Australia’s double tax agreements (DTAs). Taxation under DTAs The guidance explains that an enterprise can be taxed in Australia even if it is...
Kuwait signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on 22 June 2026, according to an update published by the OECD. The Addendum incorporates the 2023 amendments to the Common Reporting Standard (CRS), expanding the scope of information exchanged under the framework. The changes include...
The South African Revenue Service (SARS) has published a statement welcoming the unanimous Constitutional Court judgment in Lueven Metals (Pty) Ltd v Commissioner for the South African Revenue Service, delivered on 23 June 2026, which confirms SARS’ interpretation of section 11(1)(f) of the Value-Added Tax Act, 1991. SARS Commissioner Dr Johnstone Makhubu welcomed the ruling,...
The Luxembourg Administration of Direct Tax (ACD) issued a statement on 26 June 2026 concerning the Frequently Asked Questions (FAQ) published by the European Commission on 29 May 2026. The FAQ clarifies that, under the EU Pillar Two Directive, all EU Member States must treat Cyprus as having a qualified Income Inclusion Rule (IIR), even...
The Australian Taxation Office (ATO) has issued new guidance under its Private Capital Program on 26 June 2026, outlining security arrangements and evidentiary requirements for fiscally transparent entities to support compliance by large multinational enterprises and private equity groups, including in relation to treaty benefit claims. Private capital program The ATO’s Private Capital Program continues...