Saturday, August 08, 2026
UK’s HM Revenue and Customs (HMRC) has officially launched the Advance Tax Certainty Service, with applications open since 1 July 2026 to provide binding tax clearances for eligible major investment projects. The service is intended to reduce tax uncertainty for large-scale investments by allowing businesses to obtain certainty on how UK tax rules will apply...
Austria’s parliament (Nationalrat) approved the Budget for 2027 and 2028 on 10 July, including the Budget Accompanying Act 2027–2028 (Budgetbegleitgesetz 2027–2028), which introduces a range of tax measures. Financial and tax reforms The Budget detail several significant changes to the Austrian tax and financial landscape: Parcel tax : A new tax is introduced for the...
Greece’s Independent Authority for Public Revenue (AADE) has extended the deadline for submitting income tax returns for the 2025 tax year from 15 July 2026 to 24 July 2026. The extension applies to both personal income tax returns filed by natural persons and income tax returns submitted by legal persons and legal entities. According to...
Hong Kong’s government has announced that Hong Kong and Nigeria signed an income tax treaty on 13 July 2026, marking Hong Kong’s 59th CDTA and fourth in 2026. The treaty allocates taxing rights between the two jurisdictions and reduces Nigeria’s withholding tax rates on dividends, interest, and royalties from 10% to 7.5% for Hong Kong...
Pakistan’s Ministry of Foreign Affairs, in a release on 9 July 2026, announced that officials from Pakistan and Croatia met on 9 July 2026 and agreed to begin negotiations on an income tax treaty in the very near future. Both parties have also agreed to strengthen bilateral relations by activating political consultations, advancing negotiations for...
Malaysia’s Ministry of Finance has gazetted the Income Tax (Deduction for the Sponsorship of Scholarship to Malaysian Student Pursuing Studies at Technical and Vocational Certificate, Diploma, Bachelor’s Degree or Professional Certificate Levels) Rules 2026 (P.U. (A) 252) on 8 July 2026, which establishes a detailed tax incentive framework for corporate educational sponsorships. These rules allow...
Belgium’s tax authorities, SPF Finance, announced on 13 July 2026 that it has extended the filing deadline for the 2026 assessment year by four days following system outages that prevented taxpayers from submitting returns through Tax-on-web. The new date of 19 July 2026 replaces the original 15 July 2026 deadline, and the same extension applies...
The Australian Taxation Office (ATO) has published the foreign exchange rates for the financial year ending 30 June 2026, including annual average exchange rates and the nearest actual exchange rates as of 30 June 2026 for 18 currencies. All foreign income, deductions, and foreign tax paid must be converted to AUD before being included in...
Cyprus residents and companies earning non-salary income must pay provisional tax for 2026. The first instalment is due 31 July 2026, with an extended deadline of 31 August 2026 for those using online banking. Companies and individuals reporting income outside salaries, pensions, dividends, or interest are required to calculate this based on expected annual earnings...
The European Commission has presented its Annual Report on Taxation (ART), offering a detailed overview of taxation policies in all EU countries on 10 July 2026. This report assesses recent trends in EU tax systems and identifies ways to enhance compliance. The report reveals that the EU’s overall tax-to-GDP ratio rebounded to 39.4 % in...