Saturday, July 18, 2026
Turkey has extended the application period of the 0% withholding tax (WHT) rate on income and gains derived from government bonds, Treasury bills and certain lease certificates by six months, following the publication of Presidential Decision No. 11444 in the Official Gazette on 20 June 2026. The decision amends provisional article 4 of Decree No....
Luxembourg’s Administration of Direct Contributions (ACD), on 17 June 2026, published a Frequently Asked Questions (FAQ) document providing further guidance on the implementation of the Pillar Two Law of 22 December 2023 on minimum effective taxation. The guidance clarifies tax assessment procedures, registration and reporting obligations, and transitional provisions applicable to multinational enterprise (MNE) groups...
The Philippines Bureau of Internal Revenue (BIR) announced on 11 June 2026, through a Facebook post, that it has begun preparations for the possible implementation of the proposed Qualified Domestic Minimum Top-Up Tax (QDMTT), a measure pushed by the Department of Finance (DOF) to ensure that large multinational enterprise groups pay a minimum level of...
The government of the Slovak Republic has approved the signing of a new income tax treaty with Sri Lanka via Resolution 251/2026 on 17 June 2026. The agreement is intended to eliminate double taxation, strengthen economic cooperation, and curb tax avoidance and evasion. Its key provisions set out the allocation of taxing rights between the...
The government of the Slovak Republic approved the signing of a new income tax treaty with Egypt via Resolution 252/2026 on 17 June 2026. The agreement is intended to eliminate double taxation, enhance economic cooperation, and combat tax evasion and avoidance, including measures to prevent treaty-shopping arrangements. It covers income taxes, including those imposed on...
The President of Finland ratified a law that brings amendments to the Income Tax Act concerning the tax residency rules for certain foreign investment funds on 16 June 2026. Under Finland’s general rules, a foreign entity can be treated as a Finnish tax resident if its place of effective management is located in Finland. However,...
Singapore’s Inland Revenue Authority (IRAS) has updated its guidance on the GST InvoiceNow Requirement, providing clearer implementation details and expanded support measures as the country moves towards mandatory e-invoicing for all GST-registered businesses by 1 April 2031. InvoiceNow is Singapore’s nationwide e-invoicing network based on the Peppol framework, enabling businesses to transmit invoice data electronically...
The Advocate General (AG) Juliane Kokott of the Court of Justice of the European Union (CJEU) has issued her opinion in Case C-138/24, involving an infringement claim by the European Commission against the Grand Duchy of Luxembourg on 18 June 2026. The case centres on whether Luxembourg incorrectly transposed the Anti-Tax Avoidance Directive (ATAD) by...
Switzerland has completed the domestic steps required for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) to take effect for its covered tax treaty with Argentina, according to an OECD update. On 28 May 2026, Switzerland deposited a notification confirming the completion of its internal procedures...
Turkey’s Revenue Administration, on 19 June 2026, published an updated Accommodation Tax Guide, providing revised explanations and examples on the application of the Accommodation Tax (Konaklama Vergisi) following a temporary reduction in the tax rate from 2% to 1% through 31 December 2026 under Presidential Decision No. 11263. The Accommodation Tax is regulated under Article...