Saturday, August 08, 2026
Turkey’s Tax Administration has issued General Communiqué No. 26, providing final guidance on the corporate income tax amendments introduced by Law No. 7577 and Law No. 7582. The Communiqué, which entered into force on 4 July 2026, confirms the reduced corporate income tax regime for qualifying manufacturers and agricultural producers and includes practical explanations on...
Panama’s tax authority (DGI) has announced the approval of a new version of the transfer pricing information return (Form 930 – Version 3) under Resolution No. 201-4247 of 16 June 2026, published in the Official Gazette on 1 July 2026. The resolution replaces Form 930 version 2.0 with version 3 and must be used for...
The Spanish Tax Agency has launched the 2025 Companies Campaign, with the filing period for Corporate Income Tax opening on 1 July 2026. The campaign includes a dedicated webpage bringing together guidance, updates and support materials to help taxpayers complete their 2025 corporate income tax obligations. The campaign also covers Non-Resident Income Tax for permanent...
US President Donald Trump, on 26 June 2026, pledged to impose 100% tariffs on European countries that introduce new digital services taxes (DSTs) primarily targeting US-based companies. However, he made no mention of how he would legally enforce such duties. He said DSTs would be met with the full tariff response “right away,” independent of...
Italy’s Department of Finance has launched a public consultation on 22 June 2026 regarding a draft legislation implementing part of the EU Directive 2025/516 regarding VAT rules for the digital age (often referred to as ViDA). The proposed rules primarily cover the One-Stop Shop (OSS), Import One-Stop Shop (IOSS), and Single VAT Registration measures, affecting...
The UAE issued Ministerial Decision No. 96 of 2026 (MD 96/2026), on 22 June 2026, which formally adopts the most recent OECD interpretive materials for the UAE’s Qualified Domestic Minimum Top-up Tax (QDMTT) regime. It specifically adopts three main OECD packages: the 2026 Consolidated Commentary on the GloBE Model Rules, the 2026 Administrative Guidance/Central Record...
The OECD has published a report titled “Revenue Statistics in Asia and the Pacific 2026,” on 30 June 2026, which delivers a comprehensive analysis of fiscal trends and tax revenues across 38 economies from 1990 to 2024. This report utilises a standardised methodology to present internationally comparable data, highlighting that the regional average tax-to-GDP ratio...
Bosnia and Herzegovina has adopted a regulation establishing the procedures for VAT refunds on the first supply of residential property for eligible first-time home buyers. The rules apply to purchases of newly built residential properties subject to VAT and define who can claim the refund, how it is calculated, and the obligations applicants must meet...
The UK’s HM Revenue & Customs (HMRC) has published a memorandum of understanding (MoU) with Sweden setting out the arbitration procedures under Article 23 of the 2015 UK-Sweden Double Taxation Convention, as amended by the 2021 Protocol. The MoU was signed on 9 June 2026 and announced on 30 June 2026. The memorandum provides detailed...
Germany published the Ninth Act Amending Provisions in Tax Consultancy Law and Tax Law in the Official Gazette on 2 July 2026. The legislation introduces extensive reforms to the regulation of tax advisors and tax advisory organisations while amending several tax laws, including the Real Estate Transfer Tax Act, Trade Tax Act, Fiscal Code and...