Saturday, July 18, 2026
Sweden’s Parliament has approved a package of reforms to the country’s tonnage taxation system, broadening access to the regime and introducing more flexible rules for shipping companies. The legislation was adopted on 11 June 2026 and is intended to strengthen the competitiveness of the Swedish maritime sector while aligning national rules with European Union State...
Poland has issued a notice identifying jurisdictions, other than Poland, that have introduced a qualified income inclusion rule (QIIR) or a qualified domestic minimum top-up tax (QDMTT), or that satisfy the QDMTT safe harbour conditions. The notice, issued by the Minister of Finance and Economy on 5 June 2026, was gazetted on 15 June 2026....
Malaysia has gazetted the Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules 2026 on 16 June 2026. The Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules 2026 provide a tax incentive for employers to adopt flexible work practices, including versatile scheduling and remote locations. Business...
Nigeria’s Federal Ministry of Finance announced, on 18 June 2026, that the federal government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for the transition from the repealed tax laws to the new tax framework effective from 1 January 2026. Issued by the Federal Ministry of...
Canada’s Department of Finance announced that Bill C‑30, An Act to implement certain provisions of the Spring Economic Update tabled in Parliament on 28 April 2026, has received Royal Assent on 19 June 2026. It delivers targeted measures to support Canadians, build a strong economy and ensure that Canada is well positioned to navigate current...
Germany’s Ministry of Finance has published updated administrative principles on the concept and establishment of permanent establishments (PEs) under domestic and international tax law, providing detailed guidance for both resident and non-resident taxpayers engaged in cross-border activities. The updated circular, issued by the Federal Ministry of Finance (BMF) on 18 June 2026, sets out the...
India has increased the special additional excise duty (SAED) on exports of diesel and aviation turbine fuel (ATF) through two notifications issued by the Ministry of Finance on 15 June 2026, with the revised rates taking effect from 16 June 2026. The changes were introduced through Notification No. 30/2026-Central Excise and Notification No. 31/2026-Central Excise,...
Sri Lanka has enacted a wide-ranging set of tax reforms under the Inland Revenue (Amendment) Act, No. 11 of 2026, introducing changes to income tax, withholding tax (WHT), capital gains tax, taxpayer registration and compliance requirements. The legislation was certified on 3 June 2026, while the Inland Revenue Department (IRD) outlined the key measures in...
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA), on 21 June 2026, reminded VAT-registered businesses with revenues from goods and services exceeding SAR 40 million to submit their VAT returns for May 2026 by 30 June 2026. ZATCA urged eligible businesses to file their returns promptly through the ZATCA App to avoid penalties for late...
Brazil’s Federal Revenue Service (RFB) has published the Normative Instruction RFB No. 2,329 on 19 June 2026, amending the rules governing the Additional Social Contribution on Net Profit (CSLL) surcharge as per Normative Instruction RFB No. 2,228 of 3 October 2024 on 19 June 2026. The update strengthens Brazil’s implementation of the OECD’s Global Rules...