Saturday, June 27, 2026
Portugal has introduced a broad package of tax incentives and housing reforms through Decree-Law No. 97/2026 on 20 May 2026, with measures aimed at increasing housing supply and supporting moderate-priced homes for the middle class and first-time buyers. The legislation applies a temporary 6% VAT rate to residential construction and rehabilitation projects intended for sale...
The Sri Lankan Inland Revenue Department (IRD) has reminded taxpayers engaged in bookmaker and gaming businesses of their obligation to pay the monthly levy on gross collections for the month of May 2026 by 7 June 2026. The notice, issued for the 2026/27 year of assessment, reiterates that a levy of 18% is imposed on...
The Fengyuan Branch of Taiwan’s National Taxation Bureau of the Central Area has reiterated today, 5 June 2026, that agricultural land gifted for farming purposes can be exempt from gift tax when transferred between certain close relatives, including parents and children, siblings, and grandparents. The exemption is intended to support the continuity of agricultural activities...
Taiwan’s Ministry of Finance has announced today, 5 June 2026, of key changes introduced by the revised income tax treaty between Taiwan and Singapore, which entered into force on 13 February 2017 and applies from 1 January 2017. The new agreement, signed on 31 December 2015, replaced the original treaty signed on 30 December 1970....
The South African Revenue Service (SARS) has published an updated version of its Interest Rates – Table 3, confirming that the official rate of interest for income tax purposes has increased from 7.75% to 8.00% with effect from 1 June 2026. The official rate of interest is a key benchmark used in South Africa’s tax...
Portugal has published Law No. 26/2026 of 3 June 2026, implementing Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU) 2025/872 (DAC9). The legislation establishes a comprehensive framework for administrative cooperation in tax matters, with a particular focus on crypto-assets and the exchange of information relating to the global minimum tax regime. The law aligns...
The UK government has launched a consultation on suspending tariffs on more than 100 everyday essentials and has confirmed an increase in mileage rates for workers using their own vehicles for business use. The package, published by HM Treasury on 27 May 2026 and announced alongside The Rt Hon Rachel Reeves MP and The Rt...
Spain’s Ministry of Finance has published a Draft Ministerial Order that proposes amendments to Order HFP/115/2023 of 9 February 2023, which currently defines the list of countries, territories, and harmful tax regimes considered non-cooperative jurisdictions. Key changes to the list The proposal includes the removal of six jurisdictions or specific regimes: Barbados Dominica Gibraltar Samoa...
Bolivia’s National Tax Service has published Resolución Normativa de Directorio (RND) Nº 102600000016 on 27 May 2026, updating its list of jurisdictions considered to have low or zero taxation for tax control and transfer pricing purposes. The resolution, which entered into force upon its official publication on 29 May 2026, is based on provisions under...
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, stated that the Controlled Foreign Corporation (hereinafter referred to as CFC) system has been in effect since 2023. Profit-seeking enterprises reporting CFC’s losses must provide the CFC’s financial statements within the income tax filing deadline to be eligible for deduction of assessed losses incurred in the...