Saturday, July 18, 2026
The French National Assembly approved the law for the ratification of the amending protocol to the 1990 income and capital tax treaty with Sweden on 9 June 2026. Signed on 22 May 2023, the protocol updates the treaty in line with OECD BEPS standards, includes revisions to the preamble and Article 25 on the Mutual...
Norway’s Parliament (Stortinget) has passed legislation requiring digital bookkeeping and e-invoicing for all businesses subject to bookkeeping obligations, with implementation deadlines set for 1 January 2027 and 1 January 2030. Under the Accounting Act of 17 July 1998 No. 56, companies would be required to maintain bookkeeping through digital systems rather than spreadsheets or paper,...
The EU and Korea (Rep.) signed a Digital Trade Agreement (DTA) during the EU-Korea (Rep.) Summit held in Brussels on 10 June 2026. This DTA demonstrates the shared commitment to promote open, transparent, and rules-based trade. It is also in line with the EU’s broader commitment to establishing future-oriented digital trade rules with trusted, like-minded...
Kazakhstan President Kasym-Zhomart Tokayev signed the law for the ratification of the income and capital tax treaty with Oman on 10 June 2026 . Kazakhstan and Oman signed an income tax treaty on 29 May 2025 in Astana. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. It addresses corporate,...
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, on 9 June 2026 unveiled the Action Plan to Promote the Development of Corporate Treasury Centres in Hong Kong (Action Plan) at the Corporate Treasury Centre Forum. The Action Plan sets out targeted strategies to strengthen Hong Kong as a premier hub for multinational...
A federal appeals court ruled on 11 June 2026 to maintain a freeze on a lower court’s decision that had challenged the Trump administration’s newly imposed 10% global tariff. The move ensures tariff collection continues from three importers—two small businesses and the state of Washington—who had temporarily secured relief from the duties. The US trade...
Austria’s Nationalrat on 10 June 2026 approved the Budget Measures Act 2026 (Budgetmaßnahmengesetz 2026), a legislative package amending several federal laws with measures aimed at strengthening tax fairness, combating tax fraud, reducing the tax burden on workers, and simplifying administrative procedures. The Act introduces a series of amendments to several Austrian federal laws, primarily focusing...
Malta’s Tax and Customs Administration has reminded taxpayers that the deadline for both manual and electronic filing of Income Tax Returns for the year of assessment 2026 is 31 July 2026. The deadline applies to individual taxpayers and also covers the submission of Income Tax Returns for clubs and similar institutions (TA37), religious entities (TA36),...
The Inland Revenue Department (IRD) of Sri Lanka has published a notice to taxpayers outlining modifications introduced to the Inland Revenue Act No. 24 of 2017 through the Inland Revenue (Amendment) Act No. 11 of 2026, which received certification (enactment) on 3 June 2026. Additionally, a distinct notice has been published addressing the interest relief...
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on Business Expenses, introducing new clarification on the tax treatment of payments for related party services. The update confirms that such payments may be deducted for tax purposes where they satisfy the general conditions for deductibility and comply with Singapore’s transfer pricing requirements. Core...