Saturday, July 18, 2026
Liechtenstein and Vietnam initialled a tax treaty on 12 June 2026 after the second round of negotiations held in Khánh Hòa from 10 to 12 June 2026. The two countries signed a memorandum of understanding. Earlier, officials from Liechtenstein and Vietnam met to discuss bilateral cooperation with Liechtenstein expressing interest in negotiating and signing an...
Kazakhstan has adopted a list of goods that qualify for exemption from import Value Added Tax (VAT) under Subparagraph 11) of Paragraph 1 of Article 479 of the Tax Code, according to Order No. 281/НҚ issued on 2 June 2026 by the Deputy Prime Minister – Minister of Artificial Intelligence and Digital Development. The Order...
Sweden has enacted an amendment to the Value Added Tax Act (2023:200) that lowers the VAT rate on admission to dance events from 25% to 6%. The change was approved by the Riksdag and formalised through Act SFS 2026:841, which was issued on 28 May 2026 and published on 3 June 2026. The legislation amends...
UK’s His Majesty’s Revenue and Customs (HMRC) has initiated a consultation on 10 June 2026 regarding the measures to mitigate double taxation affecting UK-resident individuals who are members of United States limited liability companies (LLCs) and other reverse hybrids. The government intends to address the taxation of UK resident individuals who are members of reverse...
Malaysia has gazetted the Income Tax (Income of Approved Individual) (Women Returning to Work After Ceasing Employment Temporarily) (Exemption) Order 2026 on 9 June 2026. The Order grants eligible women an income tax exemption on gross employment income for a continuous period of up to 12 months. The order is effective from the year of...
The UAE has ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Information Pursuant to the Crypto-Asset Reporting Framework (CARF MCAA). The UAE is among the signatories to the CARF MCAA, which was opened for signature on 21 July 2025. The agreement, developed by the OECD, establishes a framework for the annual automatic exchange...
Austria has published a law in the Federal Law Gazette (BGBl. I No. 37/2026) on 10 June 2026 introducing reduced Value Added Tax (VAT) rate for a range of essential food products under amendments to the Value Added Tax Act 1994 (UStG 1994). The amendment creates a new 4.9% VAT rate for the supply and...
Moldova has issued Decree No. 639 dated 4 June 2026, published in the Official Gazette, authorising negotiations on an amending protocol to the 2008 income and capital tax treaty with Belgium. The original Convention between Moldova and Belgium for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on...
The Australian Taxation Office (ATO) has released updated guidance on 11 June 2026 clarifying how residency under double tax agreements can be demonstrated in structures involving fiscally transparent entities. Fiscally transparent entities and tax treaty residency claims How to evidence double tax agreement (DTA) residency in arrangements involving fiscally transparent entities (FTEs). What are fiscally...
The OECD has initiated a public consultation on proposed amendments to the Model Reporting Rules for Digital Platforms (MRDP) aimed at resolving practical and interpretative challenges identified during their implementation. The Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy (MRDP) were approved by the OECD in...