Saturday, June 27, 2026
The OECD announced that the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) was signed by Barbados and Cyprus on 12 May 2026, by the Czech Republic on 11 May 2026, and by Romania on 9 April 2026. A key part of the OECD/G20 BEPS Project is addressing the tax challenges...
The Slovak Republic’s Ministry of Finance announced that it is advancing a modernised VAT framework designed to streamline compliance, level the competitive playing field between traditional and digital service providers, and strengthen anti-fraud safeguards. The draft amendment, submitted for interdepartmental review on 27 May 2026, addresses gaps exposed by the growth of platform-based commerce and...
Finland’s President has signed the law suspending the implementing Act for the 1996 tax treaty with Russia on 29 May 2026, according to an update from the Finnish government. As previously reported, Finland had already notified Russia that the treaty would be suspended with effect from 1 July 2026. Russia has suspended the application of...
Bolivia’s National Tax Service (NTS) has announced the implementation of Law No. 1733 of 27 May 2026, which introduces a tax relief programme to help taxpayers settle outstanding historical tax liabilities through automatic full debt forgiveness and tax regularisation measures. The law mandates the extraordinary pardon of tax debts and fines incurred prior to 2018...
Turkey enacted Law No. 7582 on 4 June 2026, introducing a broad package of tax reforms, including a differentiated corporate tax system and expanded incentives for exports, production, and qualified service activities. The legislation also introduces new exemptions for foreign-source income, extends incentives linked to the Istanbul Financial Centre, and includes measures on asset repatriation,...
New Zealand Inland Revenue has issued Tax Information Bulletin – June 2026 on 22 May 2026, which includes Commissioner’s statement (CS) 26/02: GST treatment of low value pre-registration acquired goods and services, among other things. Summary This Commissioner’s Statement reflects the Commissioner’s longstanding practice on this matter. This position applies notwithstanding any other published views...
Belgium’s General Administration of Customs and Excise announced on 5 June 2026 that it is introducing a digital system for exemption requests starting 1 July 2026. The initiative targets diplomatic missions, international organisations operating in Belgium, and their personnel who qualify for customs duties, excise duties, and VAT relief. The paper-based declaration form 136F will...
Sweden has submitted a proposal to the Council on Legislation from the Ministry of Finance introducing changes to the administration rules for reporting of withholding tax on dividends (coupon tax, Kupongskatt). The measures aim to reduce administrative burden for companies and strengthen the Swedish Tax Agency’s (Skatteverket) control procedures through increased digitalisation. This announcement was...
Panama has updated its CRS reportable jurisdictions list through Executive Decree No. 21 of 27 May 2026, as published in the Official Gazette. This executive decree establishes the updated list of foreign jurisdictions subject to financial data sharing for the 2025 fiscal period. Signed in May 2026, the decree reinforces Panama’s commitment to the Common...
Poland’s Council of Ministers has approved amendments to the Act on the Goods and Services Tax and taxpayer identification laws on 2 June 2026, reshaping how entrepreneurs handle tax compliance from 1 October 2026. The reforms eliminate unnecessary administrative hurdles, clarify ambiguous rules, and harmonise domestic law with recent European Court of Justice decisions. Several...