Saturday, June 27, 2026
Kenya’s President has enacted the Finance Act 2026, bringing amendments across multiple tax statutes effective from 1 July 2026. The Presidential assent was given on 24 June 2025. The Finance Act, 2026, does not raise taxes. Instead, it improves fairness by strengthening compliance, closing loopholes and ensuring that every individual and business pays what is...
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 24 June 2026, that it has issued guidance to Constituent Entities of Multinational Business Groups regarding compliance with the CSLL Additional Tax, including requirements related to tax payments, information reporting through DCTFWeb, and submission of the upcoming ancillary obligation. The Additional CSLL (Social Contribution on...
Illinois has enacted new taxes on digital activities under SB 3019, effective from 1 January 2027. The measures include a 10% tax on gross receipts from targeted advertising services provided in Illinois, applicable to providers earning more than USD 1 million in Illinois targeted advertising revenue over the prior 12 months. The law also introduces...
Ukraine’s Cabinet of Ministers issued Resolution No. 793 on 17 June 2026, approving the budget declaration for 2027–2029, which includes a broad package of tax measures aimed at increasing budget revenues, strengthening tax administration and supporting alignment with European Union standards. The measures form part of the National Revenue Strategy until 2030 and are projected...
The Philippines is stepping up efforts to attract foreign investment by expanding its network of double taxation agreements and advancing legislation to implement the OECD’s Pillar Two global minimum tax rules. According to a report published by the Philippine News Agency on 17 June 2026, Finance Secretary Frederick Go announced that the Philippines is actively...
The OECD has published a new report on 19 June 2026, outlining global advancements in tax transparency and the effective exchange of information for tax purposes. Jurisdictions are making continuous progress in strengthening transparency and effectively exchanging information for tax purposes, according to the new report by the Global Forum on Transparency and Exchange of...
Belgium’s tax authority, the Federal Public Service (SPF) Finance, announced on 23 June 2026 that, from 1 July 2026, new European regulations concerning online purchases of goods from non-EU countries valued up to EUR 150 come into effect. A flat fee of EUR 3 per item applies to these e-commerce shipments. This measure, effective until...
Italy’s Revenue Agency has finalised implementation of DAC8 (Directive (EU) 2023/2226) through a provision signed on 22 June 2026 by Director Vincenzo Carbone. The new rules establish mandatory registration and reporting obligations for cryptocurrency service providers, marking a significant step in the global fight against crypto-related tax evasion. The framework implements Legislative Decree no. 194/2025...
Chile has initiated a coordinated debt relief initiative, effective as of 18 June 2026, to encourage taxpayers to settle outstanding tax obligations. The programme, which operates under Article 207 of the Tax Code, represents a joint effort by the Internal Revenue Service (SII) and the General Treasury of the Republic (TGR) to create a pathway...
The Cyprus Tax Department announced on 18 June 2026 that it has activated the TAXISnet System for 2025 Individual Income Tax Return submissions at https://taxisnet.mof.gov.cy. Under Council of Ministers Decree K.D.P. 52/2025, employees, pensioners, and self-employed persons must file if their gross annual income exceeds EUR 19,500. Pursuant to Council of Ministers Decree K.D.P. 260/2026,...