Saturday, July 18, 2026
The OECD has announced that Kuwait signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 22 June 2026, further expanding the international framework for the automatic exchange of Country-by-Country (CbC) reports. With Kuwait’s accession, the number of signatories to the agreement has reached 116 countries and jurisdictions, reflecting continued...
The UK government has unveiled a broad package of tax and customs reforms aimed at simplifying compliance, expanding digital services and strengthening tax enforcement. Announced in a statement by Exchequer Secretary to the Treasury Dan Tomlinson on 23 June 2026, the measures build on commitments made in the HMRC Transformation Roadmap published in July 2025...
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the fourth quarter of the 2026-27 income year on 5 June 2026. For the quarter commencing on 1 July 2026, the GIC annual rate is set at 11.43%, and the SIC annual rate is set at...
Italy’s Council of Ministers has postponed the EUR 2 administrative handling fee on imports below EUR 150 by a further three months. The decision was approved at the Council of Ministers’ meeting on 22 June 2026. The fee, which applies to low-value imports under EUR 150, had already been delayed once before, with implementation previously...
Belgium’s Federal Public Service (SPF) Finance has announced the issuance of new versions of the withholding tax declaration forms yesterday, 25 June 2026. These updated withholding tax return forms include: Declaration 273A-Div: Withholding tax on dividends of Belgian origin Declaration 273S: Withholding tax on investment income from copyright and related rights that is paid or...
Vietnam’s General Department of Taxation has issued guidance on the implementation of Country-by-Country Reporting (CbCR) exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA), clarifying Vietnam’s exchange relationships with 37 jurisdictions. The guidance, set out in Official Letter No. 3870/CT-CS dated 10 June 2025, clarifies when the Vietnamese...
The Dominican Republic has enacted Law 30-26, following its signature by the president on 18 June 2026, introducing a broad package of tax and fiscal measures that amend the Tax Code and related legislation. The reforms include a temporary increase in the corporate income tax rate for large taxpayers, revisions to Income Tax (ISR), Value...
The Australian Taxation Office (ATO) has updated its guidance on 19 June 2026 regarding requests for mutual agreement procedures (MAPs) to resolve cross-border tax disputes arising from alleged violations of double taxation agreements (DTAs). This process allows the Australian competent authority to negotiate with foreign jurisdictions to eliminate double taxation and clarify the application of...
Malaysia has gazetted the Income Tax (Deduction for Employment of Approved Individual) Rules 2026 on 23 June 2026, providing qualifying employers with an additional deduction equal to 50% of remuneration paid to approved individuals for a period not exceeding 12 months. As previously reported, the Rules define “approved individual” by reference to the Income Tax...
Kyrgyzstan and Portugal are holding negotiations on a proposed income tax treaty, according to the Ministry of Economy and Commerce of the Kyrgyz Republic on 24 June 2026. The treaty is intended to strengthen bilateral trade and economic cooperation, enhance the Kyrgyz Republic’s investment attractiveness, and support the implementation of joint investment projects. The proposed...