Saturday, July 18, 2026
The Slovak Republic’s Financial Administration announced on 23 June 2026 that non-governmental organisations will receive automatic tax identification numbers (TIN) to prepare for mandatory electronic invoicing beginning in 2027. Approximately 58,000 entities—chiefly civic associations, foundations, and non-profit organisations—currently lacking a TIN will have one assigned without requiring formal application or office visits. The administration will...
The European Commission adopted an ambitious tax simplification package on 24 June 2026, that includes two legislative proposals aimed at simplifying EU tax rules: reducing compliance burdens for businesses, and strengthening the competitiveness of the Internal Market. The direct taxation Omnibus and the Recast of the Directive on Administrative Cooperation (DAC) are designed to modernise...
The Kenya Revenue Authority (KRA) reminds all taxpayers that filing of income tax returns for the year of income 2025 is ongoing and must be completed by 30 June 2026. To facilitate smooth filing for the 2025 Year of Income, KRA has allowed taxpayers to declare valid business expenses that may not be supported by...
Kenya’s President has enacted the Finance Act 2026, bringing amendments across multiple tax statutes effective from 1 July 2026. The Presidential assent was given on 24 June 2026. The Finance Act, 2026, does not raise taxes. Instead, it improves fairness by strengthening compliance, closing loopholes and ensuring that every individual and business pays what is...
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 24 June 2026, that it has issued guidance to Constituent Entities of Multinational Business Groups regarding compliance with the CSLL Additional Tax, including requirements related to tax payments, information reporting through DCTFWeb, and submission of the upcoming ancillary obligation. The Additional CSLL (Social Contribution on...
Illinois has enacted new taxes on digital activities under SB 3019, effective from 1 January 2027. The measures include a 10% tax on gross receipts from targeted advertising services provided in Illinois, applicable to providers earning more than USD 1 million in Illinois targeted advertising revenue over the prior 12 months. The law also introduces...
Ukraine’s Cabinet of Ministers issued Resolution No. 793 on 17 June 2026, approving the budget declaration for 2027–2029, which includes a broad package of tax measures aimed at increasing budget revenues, strengthening tax administration and supporting alignment with European Union standards. The measures form part of the National Revenue Strategy until 2030 and are projected...
The Philippines is stepping up efforts to attract foreign investment by expanding its network of double taxation agreements and advancing legislation to implement the OECD’s Pillar Two global minimum tax rules. According to a report published by the Philippine News Agency on 17 June 2026, Finance Secretary Frederick Go announced that the Philippines is actively...
The OECD has published a new report on 19 June 2026, outlining global advancements in tax transparency and the effective exchange of information for tax purposes. Jurisdictions are making continuous progress in strengthening transparency and effectively exchanging information for tax purposes, according to the new report by the Global Forum on Transparency and Exchange of...
Belgium’s tax authority, the Federal Public Service (SPF) Finance, announced on 23 June 2026 that, from 1 July 2026, new European regulations concerning online purchases of goods from non-EU countries valued up to EUR 150 come into effect. A flat fee of EUR 3 per item applies to these e-commerce shipments. This measure, effective until...