Saturday, July 18, 2026
President Donald Trump has cast doubt on the value of the US-Mexico-Canada Agreement (USMCA), suggesting the country would perform better without it. Speaking in France on Wednesday, 17 June 2026, Trump indicated he would “rather not have the agreement,” though he remains willing to sign a renewal if negotiations proceed. The trio of nations faces...
The Dutch State Secretary for Finance has informed Parliament, via a letter, of a provisional outline of measures expected to be included in the 2027 Tax Plan package on 10 June 2026. The complete package is scheduled to be presented on Prinsjesdag, 15 September 2026. It is expected to consist of four bills: the Tax...
Romania’s National Agency for Fiscal Administration has issued a draft order of the President regarding the thresholds of transactions, deadlines for preparation, content and conditions for requesting the transfer pricing file, and the procedure for adjusting/estimating transfer prices. The primary objective of the draft order is to align national legislation with the 2022 OECD Guidelines,...
Portugal has published Ordinance No. 255/2026/1 in the Official Gazette on 12 June 2026, approving the official GloBE Information Return (GIR) for the country’s global minimum tax regime. The ordinance adopts the standardised GIR form and establishes the reporting framework for entities required to comply with the global minimum tax rules. This regulation transposes EU...
The UK’s His Majesty’s Revenue and Customs (HMRC) has launched a technical consultation regarding cross-border related party transactions on 16 June 2026, inviting views on the details of a draft International Controlled Transactions Schedule (ICTS) reporting requirement. At Budget 2025, the government announced its decision to implement the ICTS. Finance Act 2026 gave the Commissioners...
Poland’s government has introduced emergency legislation targeting fuel companies that have reaped unusually large profits from Middle East-driven energy turmoil, according to a release on 16 June 2026. The temporary windfall tax, set to take effect on 1 August 2026, aims to recoup some of the billions in subsidies the state has poured into keeping...
Bolivia’s National Tax Service (SIN) announced on 12 June 2026 that it has slashed the financial barriers for taxpayers seeking to defer their tax obligations. Under Board Resolution (RND) 102600000020, effective 12 June 2026, the agency has unified down payment and guarantee requirements at a flat 5% across all debt levels. The measure represents a...
Bolivia is rolling out an unprecedented tax relief programme under Law 1733, with automatic debt forgiveness requiring no paperwork or office visits. The National Tax Service (SIN) announced on 16 June 2026 that 252,000 taxpayers will have debts eliminated outright—including principal, penalties, interest and surcharges—for obligations accrued through 31 December 2017 and for 2020 (pandemic...
The Hong Kong Inland Revenue Department has issued a notice outlining the property tax obligations of property owners for the year of assessment 2025/26. Property tax is charged on owners of land and/ or buildings (“Landed Property”) by reference to the actual consideration receivable in respect of the right of use of the Landed Property...
Hong Kong’s Legislative Council (LegCo) announced on 15 June 2026 that it will hold a meeting on 17 June 2026 in the Chamber of the LegCo Complex. During the meeting, the Second Reading debate on the Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026 will resume. If the Bill is supported by Members and...