Saturday, June 27, 2026
Brazil’s tax administration, the Federal Revenue Service (RFB) has clarified on 3 June 2026 that existing PIS/Pasep and Cofins tax credits will remain valid and usable even after these contributions phase out with the introduction of the Contribution on Goods and Services (CBS) in January 2027. According to Complementary Law No. 214/2025 of 16 January...
The Andorran government has announced that Andorra and Austria signed an income and capital tax treaty on 28 May 2026. The treaty seeks to prevent double taxation and fiscal evasion between the two nations. The treaty will enter into force after the ratification instruments are exchanged.
Bhutan’s National Assembly (lower house of parliament) has confirmed on 2 June 2026 that it has approved the income tax treaty with Singapore. The treaty was signed on 12 May 2026. The treaty clarifies the taxing rights of both countries on income arising from cross-border business activities, and addresses the double taxation of such income....
The amending protocol to the 1996 income and capital tax treaty between Luxembourg and Vietnam entered into force on 14 April 2026. The agreement seeks to prevent double taxation and fiscal evasion between the two nations Signed on 4 May 2023, the protocol is the first amendment to the treaty and replaces Article 27 (Exchange...
Albania and Lithuania signed an income and capital tax treaty on 25 May 2026, according to a release from Lithuania’s Ministry of Foreign Affairs. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. The treaty also focused on strengthening economic relations between Lithuania and Albania, new trade and investment opportunities...
Japan’s Ministry of Foreign Affairs has confirmed that a new income tax treaty was signed with the Philippines on 28 May 2026. The treaty applies to Japanese income tax, corporation tax, special income tax for reconstruction, special income tax for defence, local corporation tax, and special corporation tax for defence. It also applies to Philippine...
Bulgaria’s National Assembly is reviewing a draft bill submitted on 18 May 2026 that proposes introducing a 0% VAT rate on “socially beneficial and essential foods and drinks” under the Value Added Tax (VAT) Act. The proposed measure would apply to products included in the National Statistical Institute (NSI) “small consumer basket” used for CPI...
The German Federal Cabinet (Bundesregierung) approved the Multilateral Competent Authority Agreement on Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA), advancing the implementation of global reporting standards for platform-based income on 27 May 2026. The agreement operationalises the OECD’s Model Reporting Rules for Digital Platforms, which require operators of digital platforms...
France’s Directorate General of Public Finances (DGFiP) has clarified its position on the centralised filing and exchange of the GloBE Information Return (GIR), confirming its intention to apply a transitional relief framework aligned with the OECD’s agreement published on 18 May 2026. The OECD’s publication set out a common understanding negotiated by certain jurisdictions implementing...
Bolivia’s National Assembly has enacted the Tax Transparency and Amnesty Law 1733 (Ley No. 1733), which was published in the Official Gazette on 28 May 2026. Law 1733 introduces broad tax administration and procedural measures aimed at waiving taxes, interest, and penalties for both corporations and individuals. The legislation grants a one-time debt amnesty for...