Saturday, August 08, 2026
The EU has adopted Regulation (EU) 2026/1455 on 25 June 2026, introducing reduced customs duties on a wide range of goods originating from the US to support stronger bilateral trade relations. The regulation reduces the Common Customs Tariff to 0% for a broad range of industrial products and selected agricultural goods listed in Annex I....
Greece has extended the deadline for submitting GloBE Information Returns (GIR) for fiscal years ending on or before 31 March 2025, with in-scope entities now required to file by 30 October 2026 under Decision A.1131/2026 issued on 29 June 2026. The Independent Authority for Public Revenue (AADE) said the extension applies to the top-up tax...
Hungary’s government has authorised the signing of a protocol to amend and update the 1994 Hungary–Kuwait Income and Capital Tax Treaty, as amended by the 2001 protocol. The authorisation was issued under Government Resolution No. 1213/2026 (VI. 29.) as published in the Official Gazette No. 81 on 29 June 2026. According to the resolution, the...
Bahrain’s National Bureau for Revenue (NBR) has published Excise Guide Version 1.1 on 29 June 2026, updating its guidance on the operation of the Kingdom’s Excise system. The revised guide is intended to help businesses understand Excise rules, compliance obligations and the tax treatment of activities involving excisable goods. The principal update from Version 1.0...
Hungary has granted authorisation for the signing of an income tax treaty with Angola. The authorisation was issued under Government Resolution No. 1212/2026. (VI. 29.) as published in the Official Gazette No. 81 on 29 June 2026. The tax treaty is aimed at eliminating double taxation on income and strengthening measures against tax evasion and...
The Hong Kong Inland Revenue Department (IRD) announced on 30 June 2026 that it has released updated lists of Qualifying Debt Instruments (QDIs) and sovereign bonds eligible for profits tax concessions or exemptions as of 31 March 2026. Qualifying Debt Instruments issued before 1 April 2018 Short Term/ Medium Term Debt Instruments Eligible for Profits...
The UAE Federal Tax Authority (FTA) has issued the Education Sector Value Added Tax Guide (VATGED1) on 29 June 2026, providing updated guidance on the application of Value Added Tax (VAT) to educational services, related goods and services, and other activities across the country’s education sector. Zero-rated educational services Under the guide, educational services qualify...
Uzbekistan has released Presidential Decree No. UP-103 of 2 June 2026, which introduces various measures aimed at the modernisation and expansion of cultural and arts sectors in Uzbekistan. To foster new talent, the government is establishing specialised creative associations and a dedicated investment fund to finance artistic business projects. Significant financial incentives are introduced, including...
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has announced on 29 June 2026 the Minister of Finance’s decision to extend the “Cancellation of Fines and Exemption of Financial Penalties Initiative” for taxpayers subject to all tax laws for an additional six months, starting from 1 July 2026. ZATCA clarified that the initiative provides exemptions...
Costa Rica’s Ministry of Finance has published an updated historical schedule of interest rates applicable to late tax payments and refunds of tax overpayments as of 1 July 2026. Under Resolution MH-DGH-RES-0033-2026/MH-DGA-RES-0897-2026, the rate has been set at 8.41% effective from 1 July 2026, based on the average commercial lending rate of Costa Rica’s national...