Saturday, July 18, 2026
Bosnia and Herzegovina’s Republic of Srpska has adopted a regulation introducing pension and family support measures, public investment and borrowing initiatives, new energy concessions and electricity licences, extensive appointments across public institutions, and updated ministerial rules covering agriculture, tourism and public administration. The measures, which also include the acceptance of donor funding from Serbia and...
Switzerland and the United Kingdom have concluded negotiations on a modernised free trade agreement, Swiss President Guy Parmelin and UK Secretary of State for Business and Trade Peter Kyle announced during a meeting in Bern on 13 July. The negotiations, which began in 2023, were launched to modernise bilateral free trade relations. They build on...
Germany has notified Russia that it will suspend the agreement of 29 May 1996 between the two nations for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital, effective from 1 January 2027. The notification was delivered on 30 June 2026 and also applies to the protocol of the same...
Nigeria introduced a green tax surcharge on imported vehicles under its 2026 Fiscal Policy Measures, effective 1 July 2026. The Green Tax Surcharge imposes a 2% to 4% levy on imported high-engine vehicles. Collected by the Nigeria Customs Service, the surcharge aims to reduce carbon emissions, promote environmental sustainability, and encourage the importation of cleaner...
The Thailand Revenue Department has issued a guidance, on 7 July 2026, outlining the method that companies and juristic partnerships must use to convert foreign currency, foreign currency-denominated assets, and liabilities into Thai currency when calculating net profit subject to corporate income tax under Section 65 bis (5) of the Revenue Code. Companies or juristic...
Belgium’s Chamber of Deputies approved legislation introducing a range of personal income tax reforms on 9 July 2026. This legislation outlines a comprehensive reform of the Belgian personal income tax system, scheduled for implementation through 2030. The primary objective of the proposal is to increase purchasing power for low-income workers by gradually raising the tax-exempt...
Lithuania’s parliament has proposed amendments to the Law on Personal Income Tax (PIT) that would introduce a new Personal Income Tax (PIT) exemption for individuals investing in startups. If enacted, the measure will take effect on 1 January 2027 and apply when calculating and declaring income for the 2027 and subsequent tax periods. Proposed exemption...
Argentina’s tax authority (ARCA) announced the publication of General Resolution 5875/2026 on 14 July 2026, which allows for the regularisation of tax, customs, and social security debts that were due up to 30 June 2026, in up to 18 instalments with a financing rate of 2.75% per month. The programme does not waive interest or...
UK’s HM Revenue and Customs (HMRC) launched a consultation on Simplifying Treaty Relief from Withholding Tax on Interest Paid Overseas on 13 July 2026. This consultation details the current processes for obtaining treaty relief available under the UK’s network of Double Taxation Agreements in relation to the obligation to withhold amounts representing income tax from...
The Hong Kong Inland Revenue Department confirmed, in a circular letter on 14 July 2026, that the due date for 2025/26 Profits Tax returns with Accounting Date Code “D” (accounting dates from 1 to 31 December 2025) is extended from 17 August 2026 to 31 August 2026 for paper filing. The extended due date for...