Saturday, August 08, 2026
Botswana has announced the re-enactment of the Income Tax Act and the Value Added Tax (VAT) Act, amendments to the Customs Act, and the introduction of a new Tax Administration Act aimed at harmonising administrative and procedural rules for both Income Tax and VAT. According to a public notice, the new Tax Administration Act establishes...
France has received a reasoned opinion from the European Commission, as outlined in its July 2026 infringements package published on 7 July 2026, for failing to fulfil its obligations to provide all the IT functionalities required to enable the exchange of information between Member States from 1 January 2025 under Directive (EU) 2020/285 on the...
Romania has published Order No. 750/2026, issued by the President of the National Agency for Fiscal Administration, approving the model and content of Form (F8000) for use by reporting crypto asset service providers. The final Order introduces the official reporting form without making significant changes to the draft version released for public consultation in March...
The European Commission has opened infringement procedures against Germany, France and Italy over national rules governing the taxation of dividends received from subsidiaries in other EU Member States, saying the legislation is incompatible with the Parent-Subsidiary Directive. The action is part of the Commission’s July 2026 infringements package, published on 7 July 2026, which sets...
The UAE has updated the guidance for its domestic Pillar Two regime by issuing Ministerial Decision No. 96 of 2026 on the Commentary and Agreed Administrative Guidance for the Purposes of Cabinet Decision No. 142 of 2024 on the Imposition of Top-Up Tax on Multinational Enterprises. The Decision adopts the OECD’s latest interpretative materials for...
Pakistan’s Federal Board of Revenue (FBR) has published the Finance Act 2026, enacted on 26 June 2026, introducing a wide range of amendments to the Income Tax Ordinance, 2001 covering personal taxation, digital tax administration, withholding taxes, compliance and dispute resolution. Business taxation The Finance Act provides a 10% tax credit of the invested amount...
Romania has published Order No. 827/2026 and Order No. 828/2026 in the Official Gazette on 30 June 2026. Order No. 827 revises the procedures and application requirements for issuing and modifying advance pricing agreements (APAs), while Order No. 828 updates the transfer pricing documentation rules to align with the 2022 OECD Transfer Pricing Guidelines. Order...
The UK and Sweden have agreed a Memorandum of Understanding (MOU) establishing detailed procedures for conducting arbitration under Article 23 of the Convention between the UK of Great Britain and Northern Ireland and the Kingdom of Sweden for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income...
Lithuania has published Law No. XV-1065, signed on 25 June 2026, introducing new rules for the calculation and payment of social insurance contributions for employees who work for multiple employers. The amendments to Article 10 of the Law on State Social Insurance of the Republic of Lithuania address cases where an insured person is employed...
The Australian Taxation Office (ATO) announced on 7 July 2026 that the Better Targeted Super Concessions (Division 296) are now law and will come into effect for the 2026–27 financial year onwards. That means from 1 July 2026, individuals with TSBs above the: Large super balance threshold (LSBT) — set at AUD 3 million for...