Sunday, June 07, 2026
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...
Irish Revenue issued eBrief No. 097/26 on 21 May 2026, relating to updates to Tax and Duty Manual 41A-05-04 on Full self-assessment. The manual sets out the authority of Revenue officers to conduct enquiries, the time limits within which such enquiries may be made, and the statutory time limits applicable for Revenue to make or...
The Inland Revenue Authority of Singapore has published updated guidance on Changing GST accounting periods. The update includes an overall restructuring to improve readability, including a clearer example on Special Accounting Periods, along with a new section on how to request changes to GST accounting periods. To change GST accounting periods in Singapore, a written...
Belgium has gazetted the Programme Law of 30 May 2026 on 1 June 2026, a comprehensive legislative act designed to implement diverse fiscal and administrative reforms. This legislation introduces significant taxation adjustments, specifically targeting air travel, insurance, and banking sectors, while also modifying income tax rules for copyright revenue and dividends. Withholding tax on liquidation...
Denmark has published the four-party government coalition policy agreement on 2 June 2026, setting out a broad package of proposed tax reforms aimed at increasing national wealth, strengthening competitiveness, and encouraging work and investment. The measures cover Corporate Tax, Individual Income Tax, VAT, Estate/Inheritance Tax, and a range of environmental and sector-specific taxes. Corporate and...
Canada’s Minister of Finance and National Revenue has announced, on 3 June 2026, that the government will be extending key steel and aluminium tariff measures for one year. Subject to approval by the Governor in Council, Canada will extend its steel tariff-rate quotas (TRQ) regime for imports from non-CUSMA partners, and the existing horizontal tariff...
Japan’s National Tax Agency has published an updated list of jurisdictions for the exchange of Country-by-Country (CbC) reports. Country-by-Country (CbC) reports are a standardised tax reporting framework requiring large multinational enterprises (MNEs) to disclose aggregate data on their global allocation of income, profit, taxes paid, and economic activity for every tax jurisdiction in which they...
New York Governor Kathy Hochul signed the New York State Fiscal Year 2027 Budget on 28 May 2026. This legislative package is designed to address the rising cost of living while funding critical public safety and infrastructure initiatives. While the budget touches on many sectors, its tax provisions are particularly focused on providing relief to...
The French Council of Ministers approved the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) under Pillar Two of the OECD/G20 Inclusive Framework on BEPS on 27 May 2026. The GIR MCAA is designed to facilitate the automatic exchange of GloBE Information Return (GIR) data between tax administrations. It is classified...