Saturday, June 27, 2026
The Argentine Customs Collection and Control Agency (ARCA) announced on 22 May 2026 that it has granted taxpayers additional time to file and pay their 2025 tax returns, moving the deadline to 27 July 2026. The extension applies to Income Tax, Personal Assets Tax, and Cedular Tax filings for the 2025 fiscal year. Both individual...
The European Union reached a provisional agreement on Wednesday, 20 May 2026, to eliminate import duties on US goods, moving to avert threatened American tariffs after months of tense negotiations. European Commission President Ursula von der Leyen called the development a demonstration that “a deal is a deal, and the EU honours its commitments.” The...
The UK’s tax authority, His Majesty’s Revenue and Customs (HMRC) issued guidance on 18 May 2026 setting out the application process for a new targeted advance assurance scheme for research and development (R&D) tax relief claims. The guidance is aimed at small and medium-sized enterprises (SMEs). The targeted advance assurance process, also referred to as...
Saudi Zakat, Tax and Customs Authority (ZATCA) has urged establishments subject to excise tax to file their tax returns for March and April 2026, on a date no later than 31 May 2026. ZATCA has called on establishments to expedite filing their tax returns through its website (zatca.gov.sa) to avoid the penalty for failing to...
The UK government has announced, on 21 May 2026, changes to the taxation of UK-resident companies who conduct part of their business through foreign permanent establishments (PEs). For most companies, it will be mandatory for profits and losses attributable to a foreign PE to be exempt from UK tax for accounting periods beginning on or...
The Austrian government approved a draft bill introducing amendments to various tax laws on 20 May 2026. The draft bill is intended to promote tax fairness and combat tax fraud, while also reducing the tax burden on workers and simplifying administrative procedures. Income Tax Act (EStG 1988) The definition of “actual disposal” of assets is...
The South African Revenue Service (SARS) has published the GMT Registration and Notification – External Guide (GMT-REG-01-G01) on 15 May 2026. SARS has introduced the Global Minimum Tax (GMT) as part of South Africa’s implementation of the Global Anti-Base Erosion (GloBE) framework. Registration for the Global Minimum Tax must be completed on the SARS eFiling...
Malawi has enacted the legislation implementing the 2026–2027 Budget, which was published in the Official Gazette on 14 April 2026 and entered into force on 15 April 2026. This follows after Malawi’s Minister of Finance, Economic Planning and Decentralisation presenting the 2026-27 Budget Policy Statement to the National Assembly of Malawi on 27 February 2026....
Irish Revenue published eBrief 093/26 on 20 May 2026, updating the VAT Tax and Duty Manual on the VAT Treatment of Debt Factoring and Invoice Discounting. The update revises paragraphs 5 and Appendix 1 to reflect the CJEU judgment in Case C-232/24 (Kosmiro), with the amended guidance applying from the date of publication. The VAT...
Poland is moving to impose a temporary tax on extraordinary profits earned by liquid fuel producers and traders in 2026. The proposal, announced on 19 May 2025, responds directly to the geopolitical and economic fallout from the outbreak of armed conflict in the Middle East, which disrupted global oil supply chains and sent fuel prices...