Saturday, June 27, 2026
The Philippines Department of Finance (DOF), together with the Department of the Interior and Local Government (DILG) and the Department of Trade and Industry (DTI), has issued Joint Memorandum Circular (JMC) No. 01-2026, or the Guidelines on the Imposition of Local Taxes, Fees, and Charges on Registered Business Enterprises (RBEs) Availing of Tax Incentives Under...
Chile’s Internal Revenue Service (SII) announced that it released Resolution No. 69 on 3 June 2026, establishing the registration system and setting a mechanism for platforms without domicile or residence in Chile that provide betting, gambling, casinos, and similar or related services, online or through digital platforms, to pay the corresponding taxes for operations carried...
Italy’s tax administration issued two critical rulings on 4 June 2026 dismissing attempts to minimise gift tax during generational corporate transfers. Both decisions reinforce a core principle: transferring shares to the next generation only qualifies for tax relief if children gain genuine control and management of the business, not merely legal ownership on paper. Holding...
The European Commission has issued a letter of formal notice to Germany for non-compliance with EU rules on freedom of establishment, finding that the country’s SME investment deduction allowance may discriminate against cross-border investments within the EU and EEA, as outlined in its infringements package of 3 June 2026. Commission calls on Germany to end...
The European Commission has issued a letter of formal notice to Poland for incorrectly transposing Council Directive (EU) 2021/514 (DAC7), specifically regarding the exemption from EU registration and reporting obligations for foreign platform operators located in non-EU jurisdictions, as part of its June 2026 infringements package published on 3 June 2026. Commission calls on Poland...
The Australian Taxation Office (ATO) has released general guidance on reporting income earned through digital platforms or apps on 3 June 2026. Money earned through digital platforms or apps is sharing economy income and must be reported in a tax return. This income can include payments received for: ride-sourcing, taxi, limousine or delivery services short-term...
The OECD has opened a public consultation on proposed updates to Chapter VII of its Transfer Pricing Guidelines, which covers the taxation of intra-group services. The revisions aim to address practical implementation challenges across sectors and regions while strengthening and clarifying the rules through updated guidance and new examples. Comments are due by 22 July...
The Office of the United States Trade Representative (USTR) announced a public consultation on 2 June 2026 regarding the development of a new government-to-government mechanism—a US-China Board of Trade—intended to manage bilateral trade between the US and China on an ongoing basis. Public comment is also being sought on specific types of non-sensitive products that...
The United States Trade Representative (USTR) released its findings and proposed measures on 2 June 2026 following the Section 301 investigations launched in March 2026 into 60 countries and economies to assess whether foreign governments have taken adequate measures to prevent the importation of goods produced with forced labour. (USTR has prepared a comprehensive report,...
The Norwegian Ministry of Finance has launched a public consultation on proposed amendments to the Supplementary Tax Act, introduced in January 2024 to implement the Pillar Two global minimum tax rules. The Act of 12 January 2024 implements internationally agreed rules on a global minimum tax in Norway. The rules are intended to ensure that...