Saturday, June 27, 2026
The Industry and Security Bureau of the US Department of Commerce has published a notice in the Federal Register concerning the Procedures to Apply for Company-Specific Onshoring Agreements to Obtain Tariff Adjustments for Pharmaceuticals and Pharmaceutical Ingredients Under Proclamation 11020. This notice follows the previously issued Proclamation 11020 of 2 April 2026, which established a...
The Senate of Burundi, on 21 May 2026, gave its approval to the income tax treaty with the UAE. The treaty was signed on 16 February 2017. The primary goal of this treaty is to create a transparent tax environment and encourage cross-border investment. By removing the burden of being taxed in both countries, the...
The UK announced on 21 May 2026 a temporary reduction in value-added tax (VAT) for tourist attractions and related services from 25 June 2026 to 1 September 2026, aimed at supporting families and the hospitality sector amid rising energy costs following the Iran war. British finance minister Rachel Reeves said the VAT rate for attractions...
Turkey has enacted Law No. 7579, adopted on 7 May 2026 and published in the Official Gazette (Issue 33261), introducing amendments to the Land Registry Law No. 2644, Stamp Tax Law No. 488 and Condominium Law No. 634. A key procedural change requires real estate valuation reports prepared by institutions authorised by the Capital Markets...
Bosnia and Herzegovina’s Federal Ministry of Finance has introduced amendments to the Rulebook on the Allocation of Identification Numbers, Registration and Identification, and Records of Taxpayers in the Territory of the Federation of Bosnia and Herzegovina. The changes were published in the Official Gazette of the Federation of BiH No. 35/26 on 13 May 2026....
The Austrian Parliament (Nationalrat) approved on 21 May 2026 a draft bill introducing a reduced Value Added Tax (VAT) rate on staple foods. The measure forms part of the Austrian Value Added Tax Reform Act 2026 and still requires approval by the Federal Council (Bundesrat) before enactment. The reform introduces a new 4.9% VAT rate...
Indonesia’s tax authority, the Directorate General of Taxes (DGT) has given companies an extra month to submit their annual tax returns, pushing the deadline from 30 April to 31 May 2026. Director General of Taxes Bimo Wijayanto announced on Thursday, 30 April, during a visit to the Menteng Dua Tax Office in Jakarta. The extension...
Benin and the Netherlands signed an income tax agreement in Cotonou on 21 May 2026. The agreement is aimed at preventing double taxation while strengthening measures against tax avoidance and evasion. The treaty aligns with current OECD/G20 Base Erosion and Profit Shifting (BEPS) standards and incorporates modern international tax practices. Recognising Benin’s status as a...
The ATAF, in partnership with GIZ, officially piloted the Training on Tax Transparency covering Beneficial Ownership and Exchange of Information in Johannesburg, South Africa on 18 May 2026. The training is the pilot of two training modules (BO and EOI respectively) on tax transparency and it brings together 21 tax officials from 10 Southern African...
The US Internal Revenue Service (IRS) is weighing whether to require taxpayers to disclose their citizenship status on 2026 tax forms, according to sources familiar with the discussions. The move would represent the Trump administration’s latest effort to integrate immigration enforcement across federal agencies. Two versions under review IRS officials are evaluating two versions of...