Thursday, October 29, 2026
Sri Lanka’s Inland Revenue Department issued a notice to taxpayers on 19 October 2026 explaining how to obtain a Tax Residency Certificate (TRC). Individuals, companies and partnerships can all apply. Reasons to apply for a TRC Residents who earn income abroad may face tax in that foreign country. A double taxation avoidance agreement (DTAA) between...
Greece’s tax authority (AADE) has issued Circular E.2063/2026 on 20 October 2026, which provides official clarification resolving the legal interaction between Greece’s general transaction tax on equity trades and the special tax privileges of the Greek shipping framework. Under Article 26, paragraph 11 of Law 27/1975, listed shares of shipping companies are exempt from the...
The UAE Federal Tax Authority (FTA), in a release on 25 October 2026, has urged persons subject to e-invoicing requirements to meet the prescribed deadlines, including appointing an accredited service provider by 30 October 2026 and implementing the e-invoicing system by 1 January 2027. The FTA says the system simplifies, standardises and automates invoicing. It...
The Czech government approved the signing of a new income tax treaty with Japan at its meeting on 26 October 2026. Negotiations concluded in March 2026. The treaty must be signed and ratified before it enters into force and will replace the 1977 tax treaty between Japan and former Czechoslovakia as it applies to the...
The Kenya Revenue Authority (KRA) has issued a public notice on 22 October 2026 on the market interest rate for fringe benefit tax purposes and the deemed interest rate for certain non-resident loans for October, November, and December 2026, which has been increased to 9% from the 8% rate for the previous 3-month period. A...
Rwanda’s Cabinet approved the income tax treaty with Oman on 26 October 2026. Signed on 8 September 2026, the treaty aims to strengthen bilateral trade and investment and establish a framework to eliminate double taxation between the two countries. The treaty will enter into force after the two countries exchange their ratification instruments.
The Dominican Republic’s Directorate General of Internal Taxes issued Notice 17-26 on 26 October 2026, reminding taxpayers classified as large local (Grandes Locales) and medium (Medianos) that the transition to electronic invoicing is imminent. The notice follows up Notice 14-26, published on 26 August 2026. From 1 November 2026, covered taxpayers must issue invoices exclusively...
Kazakhstan’s central bank, the National Bank of Kazakhstan (NBK), has reduced its base interest rate from 16.25 %to 15.75% . It announced the decision on 23 October 2026. The base interest rate is used to determine late payment interest on overdue taxes. The interest is calculated at 1.25 times the base rate, divided by 365...
The US and Canada are working towards an agreement to ease tariffs on Canadian steel and autos, reports Reuters. The two governments are seeking to repair relations that deteriorated after trade talks broke down in August. The negotiations centre on tariffs imposed under Section 232 of US trade law, including up to 50% on steel...
The Italian Tax Authority has ruled that a multinational group cannot use 2023 revenue figures restated under a new accounting standard to test whether it falls within the scope of the Global Minimum Tax (GMT). In Risposta n. 188/2026, the authority said the originally approved consolidated financial statements must be used. The ruling concerns Company...