Sunday, June 07, 2026
Turkey’s Revenue Administration has issued General Communiqué No. 593 on the Tax Procedure Law (TPL), introducing the final procedures and principles for issuing electronic documents (e-Documents) through new generation payment recording devices (YN ÖKC). The Communiqué was published in the Official Gazette on 8 May 2026. The measure follows a draft proposal released in December...
The UK has increased late filing penalties for Corporation Tax (CT) for all returns due on or after 1 April 2026. This measure, originally announced in Budget 2025, is now in effect. HM Revenue & Customs (HMRC) is currently in the process of updating its systems to ensure the new penalty amounts are applied correctly....
The German Federal Council approved the Act Amending the Act on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), expanding the scope of covered agreements (tax treaties) for the purposes of the MLI on 8 May 2026. Germany originally designated 14 tax treaties as covered agreements...
Taiwan’s Dongshan Office, National Taxation Bureau of the Central Area, Ministry of Finance, states that according to the Ministry of Finance’s announcement No. 11404664830 issued on 19 November 2025, for the fiscal year 2026, Profit-seeking Enterprises with a basic income amount of TWS 600,000 or less are exempt from paying income tax under the Income...
The Financial Administration of the Republic of Slovenia (FURS) announced, on 6 May 2026, that it has enabled test submissions of Pillar Two top-up tax returns on the BETA eDavki portal. The functionality covers two types of returns. The GloBE-ODPD return is used for declaring top-up tax under the Qualified Domestic Minimum Top-up Tax (QDMTT)...
Kazakhstan is moving forward with the implementation of the Crypto Asset Reporting Framework (CARF), as stated in a recent OECD update on 6 May 2026. The jurisdiction plans to initiate the first exchange of information under this standard in 2027. On 5 May 2026, experts from the Secretariat delivered a virtual training event bringing together...
According to a post by the United States Trade Representative (USTR), China initiated formal proceedings at the World Trade Organisation (WTO) on 4 November 2024, challenging the European Union’s imposition of definitive countervailing duties on battery electric vehicles imported from China. The complaint targets both the tariffs themselves and the investigative process that preceded their...
The Australian Taxation Office has issued a Recap of its Pillar Two April information session on 8 May 2026. In April, the Australian Taxation Office (ATO) hosted its third Pillar Two information session about implementing the global and domestic minimum tax. These sessions are designed to support multinational enterprise (MNE) groups and their advisers prepare...
The EU Economic and Financial Affairs Council provisionally agreed on new rules to strengthen the fight against value added tax (VAT) fraud in the EU by ramping up cooperation between member states, the European Public Prosecutor’s Office (EPPO) and the European Anti-Fraud Office (OLAF) during its recent meeting held on 5 May 2026. The new...
Kenya’s President William Ruto has signed into law the Income Tax Bill, the Special Economic Zones (Amendment) Bill, and the Technopolis Bill at State House, Nairobi, on 11 May 2026. The new laws are streamlining Kenya’s regulatory framework to strengthen the country’s position as an attractive investment destination by creating a more efficient, predictable, and...