Sunday, June 07, 2026
Hong Kong joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 21 April 2026, according to an OECD update published on 5 May 2026. The GIR MCAA is a global multilateral agreement developed by the OECD/G20 Inclusive Framework on BEPS. It provides the legal and technical framework for the...
The Czech Republic’s Senate (upper house of parliament) has approved the ratification of the pending income tax treaty with Kenya on 6 May 2026. Signed on 23 September 2025, it is the first tax treaty between the Czech Republic and Kenya. The agreement between the two countries is intended to prevent double taxation and combat...
Gabon’s Council of Ministers approved the income tax treaty with Turkey on 30 April 2026. Signed on 3 March 2024, the agreement applies to various Gabonese taxes, including individual income tax, corporate tax, minimum flat-rate tax, supplementary salary tax, special rental property tax, and tax on income from movable capital. It also covers Turkey’s income...
Greece has unveiled a draft law on 30 April 2026 introducing wide-ranging tax transparency reforms, institutional restructuring measures and a new advance tax ruling framework, alongside the transposition of key EU tax directives including DAC8 and the Pillar Two global minimum tax regime. The legislation incorporates Directive (EU) 2023/2226 (DAC8), expanding automatic exchange of information...
The State Revenue Committee of the Ministry of Finance of Kazakhstan informs that, as part of the amendments to the new Tax Code of the Republic of Kazakhstan, which entered into force on 1 January 2026, the Electronic invoices information system has implemented a mechanism for «Crediting the amount of VAT for issued ESF. This...
The Tax Department of the Republic of Cyprus has announced, on 4 May 2026, that the Tax Commissioner will continue examining applications for the reduced VAT rate on residential property under Article 63 until 31 December 2026, where delays by planning authorities prevented timely processing. The extension follows Amending Law No. 109(I)/2026, published in the...
Colombia’s Constitutional Court issued a press release dated 29 April 2026 concerning rulings including Order A-533/26 and Order A-534/26, which provisionally suspended parts of emergency measures adopted under Decree 173 of 2026 and Decree 174 of 2026. Suspension of Wealth Tax (Auto A-533/26) The Court ordered the provisional suspension of the second installment of the...
China introduced 0% tariffs on imports from 20 African countries for two years, from 1 May 2026 to 30 April 2028, under Customs Tariff Commission Announcement No. 5 of 2026. The countries include Algeria, Botswana, Cape Verde, Cameroon, Republic of the Congo, Côte d’Ivoire, Egypt, Equatorial Guinea, Gabon, Ghana, Kenya, Libya, Mauritius, Morocco, Namibia, Nigeria,...
Greece’s Independent Authority for Public Revenue (AADE) has introduced a penalty waiver for farmers required to move from the special agricultural flat-rate VAT scheme to the standard VAT regime for the 2026 tax year, following the issuance of Circular E.2020/2026 on 30 April 2026. The measure applies to farmers whose annual subsidy receipts exceeded EUR...
Liechtenstein has announced the signing of its first income and capital tax treaty with Belgium on 4 May 2026 on the occasion of the 8th European Political Community (EPC) Summit in Yerevan. This follows after Belgium and Liechtenstein officials have concluded negotiations for an income and capital tax treaty on 27 November 2024. The double...