Saturday, July 18, 2026
The Brazilian Federal Revenue Service (RFB) clarified, on 12 June 2026, how companies in its cooperative tax programme should display their credentials. Ordinance RFB No. 695, issued on 10 June 2026, establishes the official identity of the Cooperative Tax Compliance Programme (Confia), setting out standardised rules for the brand and compliance seal. The measure aims...
Serbia and Angola have signed an income tax treaty in Belgrade on 9 June 2026. The agreement aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion between the two nations. It will take effect once the instruments of ratification are exchanged.
Chile’s tax authority (SII) announced, on 12 June 2026, that it has extended the time for open-air market vendors to secure the permits they need to join a new simplified tax scheme. The move addresses implementation delays and gives informal traders a clearer pathway to formalisation, while responding to concerns raised by vendor associations and...
Norway’s government announced on 12 June 2026 that it will introduce increased customs duties on agricultural products and fertilisers from Russia and Belarus as of 1 July 2026. The decision is based on similar measures adopted by the EU. Both the security situation and Norway’s relationship with its European partners support aligning with EU measures...
The US Internal Revenue Service (IRS) announced on 8 June 2027 that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, which enables eligible taxpayers to claim a federal tax credit for qualified contributions to Scholarship Granting Organisations (SGOs) providing scholarships for qualified elementary and secondary education expenses. For taxpayers...
The Bangladesh government has proposed imposing a 15% capital gains tax on apartments and other non-cash benefits received by landowners under property development agreements, according to the Finance Bill 2026 presented by Finance Minister Amir Khosru Mahmud Chowdhury. Under the proposal, apartments received in exchange for land would be valued based on the official mouza...
Bangladesh has proposed a 15% capital gains tax on profits from the sale or transfer of gold, silver, jewellery, precious stones, diamonds, coins, digital currencies, artworks, antiques and club memberships under the Finance Bill 2026 presented with the national budget for fiscal year 2026-27. Finance Minister Amir Khosru Mahmud Chowdhury announced the proposal in parliament,...
Austria’s Federal Ministry of Finance has updated the list of jurisdictions participating in the automatic exchange of information (AEOI) for Global Anti-Base Erosion (GloBE) Information Returns (GIRs), providing further guidance on reporting obligations under the Pillar Two global minimum tax regime. In BMF Letter No. 2026-0.475.107, published on 9 June, the ministry outlined exchange relationships...
The European Union’s Faster and Safer Tax Relief of Excess Withholding Taxes (FASTER) directive establishes streamlined withholding tax relief procedures that expose significant gaps in Switzerland’s current system. While EU member states prepare to implement rapid electronic refunds by 1 January 2030, Swiss authorities continue to rely on largely paper-based mechanisms, creating a competitive disadvantage...
The Hong Kong government has published the Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 in the Gazette on 12 June 2026. The bill aims to enhance the preferential tax regimes for privately offered funds, family-owned investment holding vehicles (FIHVs) managed by eligible single family offices...