Saturday, June 27, 2026
The Czech government published Decree No. 68/2026 on 20 May 2026, approving tax forms for multinational enterprises under the OECD’s Pillar Two global minimum tax framework. What companies need to file Two separate returns are now mandatory. The first is a top-up tax return covering both the Czech domestic top-up tax (QDMTT) and the international...
Germany’s Ministry of Finance has released the draft Annual Tax Act 2026 (Jahressteuergesetz 2026), a wide-ranging legislative package containing numerous technical amendments across the tax system. The proposals are aimed at bringing German law into line with developments in EU law and European Court of Justice (ECJ) case law, responding to rulings of the Federal...
The Australian Taxation Office (ATO) has updated its guidance on the Global and Domestic Minimum Tax and Lodging, Paying and Other Obligations for Pillar Two on 26 May 2026. The updates incorporate the OECD’s common understanding released on 18 May 2026 regarding the waiver of penalties and the non-enforcement of local GIR filing obligations in...
Irish Revenue has released two new eBriefs providing operational guidance for entities subject to the OECD’s Pillar Two global minimum tax framework, including instructions for filing information returns and meeting tax return and payment obligations. Guidance on top-up tax information returns Revenue eBrief No. 106/26, issued on 26 May 2026, introduces a new manual titled...
Sweden’s Ministry of Finance has announced that it is submitting three tax proposals ahead of the autumn budget 2027 on 19 May 2026. The tax proposals are designed to strengthen labour market participation, facilitate skills development and maintain incentives for business investment in research and development. The measures form part of a broader effort to...
The Thai Revenue Department issued a reminder on 25 May 2026 regarding the filing of annual corporate income tax returns (Form PND 50) for companies whose accounting period ran from 1 January to 31 December 2025. The notification outlines the filing requirements, applicable deadlines, available submission channels, and penalties for non-compliance. Filing deadlines Companies required...
The New Zealand Government delivered Budget 2026 to Parliament on 28 May 2026, with Minister of Finance Nicola Willis outlining a strategy aimed at restoring a fiscal surplus by the 2028/29 financial year. To implement the budget proposals, the Taxation (Budget Measures) Bill (No. 3) was introduced on the same day. The Budget emphasises fiscal...
The Spanish Ministry of Finance (MoF) issued a joint statement on 25 May 2026 announcing that negotiations on a Multilateral Convention on the International Tax Dispute Resolution Commission have been concluded. Austria, Bulgaria, Denmark, France, Germany, Ireland, the Netherlands, Poland, Spain and Sweden finalised negotiations of a Multilateral Convention on the International Tax Dispute Resolution...
The UK HM Revenue & Customs (HMRC) has issued a policy paper outlining proposed changes to the tax treatment of foreign permanent establishments, also known as foreign branches on 21 May 2026. For most companies, it will be mandatory for profits and losses attributable to a foreign PE to be exempt from UK tax for...
New Zealand Inland Revenue has released a draft interpretation statement for public consultation titled “GST – Arranging and brokering financial products” on 21 May 2026. The statement guides when intermediaries or brokers involved in the supply of financial products will be treated as making an exempt supply of financial services for GST purposes through “arranging”,...