Sunday, June 07, 2026
The Netherlands government has submitted the Omnibus Tax Bill (Fiscale Verzamelwet 2027) to parliament for approval. The Bill, together with its explanatory memorandum, was published on 29 April 2026. It sets out the legislative progress of the 2027 Fiscal Omnibus Act, a proposal aimed at revising multiple tax rules and related regulations in the Netherlands....
Romania has officially ratified the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI), marking a significant step in international tax cooperation. The ratification was formalised through Law No. 60, published in the Official Gazette on 30 April 2026. The STTR MLI was originally adopted in Paris on...
Australia’s Treasury has initiated a public consultation, on 1 May 2026, on the Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No. 2) Rules 2026 (the Amending Rules), which amends the Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024. The Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No. 2) Rules 2026 (the...
Turkey’s Revenue Administration has confirmed that, on 30 April 2026, Presidential Decision No. 11263 was published in the Official Gazette, introducing a temporary reduction in the accommodation tax rate. Under the Presidential Decree, the accommodation tax rate set out in Article 34 of the Expenditure Tax Law (Law No. 6802) will be applied at 1%...
Greece has updated the list of jurisdictions with which it applies the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA CRS) on a bilateral basis. The revised framework now covers 88 jurisdictions with which Greece exchanges financial account information under the Common Reporting Standard (CRS). The decision, dated 31 March...
UAE Federal Tax Authority (FTA) has announced the entry into force of Cabinet Decision No. (129) of 2025, which amends certain provisions of Cabinet Decision No. (40) of 2017 on administrative penalties imposed for violations of tax laws in the UAE. The Authority stated that the amendments are designed to support taxable persons, ease compliance...
The Government of the Russian Federation has approved amendments to the Tax Code at a government meeting held on 29 April 2026, aligning its provisions with a draft federal law establishing comprehensive regulation for the organisation and circulation of digital currencies and digital rights in the Russian Federation under the framework of Tax Regulation and...
France has updated the list of participating jurisdictions for the automatic exchange of information (AEOI) on country-by-country (CbC) reports through an order published in the Official Gazette on 26 April 2026. The update modifies the framework under Article 223 quinquies C of the General Tax Code (CGI), which requires multinational enterprises (MNEs) with consolidated global...
The Board of Directors of the Bank of Russia on 24 April 2026 decided to cut the key rate by 50 basis points to 14.50% per annum, citing easing underlying price pressures and the economy’s gradual return to a balanced growth path. However, measures of underlying price growth have not yet decreased and remain in...
Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 11257 in the Official Gazette on 30 April 2026, introducing amendments to participation exemption rules for foreign earnings and increasing deduction rates for specified service exports under Turkish tax law. The decree revises provisions under Income Tax Law No. 193 and Corporate Tax Law...