Sunday, June 07, 2026
Burundi’s National Assembly issued a post confirming the approval of the income tax treaty with the UAE on 12 May 2026. The treaty was signed 16 February 2017. The primary goal of this treaty is to create a transparent tax environment and encourage cross-border investment. By removing the burden of being taxed in both countries,...
The French tax authorities (FTA) published a new annex BOI-ANNX-000511 on 29 April 2026 listing 68 tax treaties concluded by France that have been modified by the OECD’s Multilateral Instrument (MLI), under the OECD Base Erosion and Profit Shifting (BEPS) framework. The MLI, in force for France since 1 July 2019, allows BEPS-related tax treaty...
The US and China are moving toward a new approach in their trade relationship, with both nations expected to identify approximately USD 30 billion worth of goods for potential tariff reductions. A new pragmatic strategy US Trade Representative Jamieson Greer introduced the Board of Trade concept in March as a central component of discussions for...
The Hong Kong Legislative Council approved the Inland Revenue Amendment Bill 2026 on 13 May, introducing substantial tax concessions outlined in the 2025 Policy Address and 2026-27 Budget. Beginning with the 2026-27 assessment year, the legislation raises various tax allowances and deduction limits. These adjustments cover basic personal allowances, married persons, single parents, and dependent...
The Slovak Republic’s National Council voted down proposed changes to VAT registration requirements on 7 May 2026, ending plans to raise turnover thresholds for small businesses. This follows the consideration by the Slovak Republic parliament of draft legislation proposing significant changes to VAT registration requirements from 1 July 2026, including higher turnover thresholds intended to...
Brazil’s President Luiz Inácio Lula da Silva signed a provisional presidential decree on Tuesday 12 May 2026 eliminating the federal tax on imports worth less than USD 50, reversing a levy that had been widely criticised. The presidential decree and an ordinance removing the tax were published in an extra edition of the Federal Official...
The Swedish Ministry of Finance has submitted a draft bill proposing a further temporary reduction of tax on petrol and diesel in response to rising fuel prices, with the measure set out in memorandum Fi2026/01131 published on 13 May 2026. The proposal would reduce the carbon dioxide tax on petrol and diesel by SEK 2.40...
The Peru tax authority (SUNAT) has introduced Mutual Agreement Procedure Guidance Version 2.0 (2026) to replace the previous Mutual Agreement Procedure Guidance Version 1.0 (2023). The 2026 version of the Mutual Agreement Procedure (MAP) Guide provides a comprehensive framework for resolving tax disputes arising from the application of Double Taxation Treaties (DTTs) signed by Peru....
Finance Minister Jens Stoltenberg has unveiled Norway’s Revised National Budget for 2026, emphasising economic stability amid global uncertainties. With ongoing trade tensions and conflict in the Middle East creating volatility, the government has opted for modest tax adjustments rather than sweeping reforms. While there is no broad overhaul of corporate income tax rates, the budget...
The Portuguese Tax and Customs Authority has extended the deadline for submitting the annual corporate income tax return (Modelo 22) and the corresponding payment for the 2025 tax year to 19 June 2026, without any penalties or surcharges. The extension was set out in Order No. 68/2026-XXV-SEAF of 12 May 2026 and applies to taxpayers...