Saturday, August 29, 2026
The OECD has released the eighth edition of its Corporate Tax Statistics for 2026, featuring expanded data on corporate taxation, multinational enterprises, and BEPS practices on 21 July 2026. Corporate Tax Statistics is an OECD flagship publication on corporate income tax, providing comprehensive data on corporate taxation, multinational enterprise group (MNE) activity, and base erosion...
Hungary’s National Tax and Customs Administration has announced that the Hungarian National Bank reduced its base interest rate from 6.00% to 5.75%, effective 22 July 2026. The rate had previously been lowered from 6.25% to 6.00% on 24 June 2026. The base rate is used to calculate interest on late tax payments, which is set...
The Office of the United States Trade Representative (USTR) announced the signing of a reciprocal trade agreement with Jordan on 21 July 2026 and released a fact sheet outlining its key provisions. “President Trump is deepening our economic and strategic partnerships in the Middle East, reaching deals to unlock new opportunities for American exporters,” said...
The Dutch Tax Administration issued a clarification on 21 July 2026, explaining that the controlled foreign company (CFC) levy does not take low-tax-free investments into account. The recent clarification by the Dutch Tax Administration provides important insights into how the CFC rules interact with the participation exemption under the Dutch Corporate Income Tax Act 1969...
US President Donald Trump is set to impose new tariffs on dozens of countries as early as this week, according to a Financial Times report published yesterday, 21 July 2026, ahead of the expiration of the temporary 10% global tariff on Friday, 24 July 2026. The report said the initial round of tariffs is expected...
The Mauritius Cabinet approved new regulations to support the implementation of its Qualified Domestic Minimum Top-up Tax (QDMTT), providing further guidance on the operation of the domestic minimum tax regime introduced in 2025. The Cabinet agreed to the promulgation of the Income Tax (Qualified Domestic Minimum Top-up Tax) Regulations 2026, which supplement the existing legislative...
Hungary has introduced a revised transfer pricing (TP) documentation framework through Decree No. 45/2025 (XII. 23.) NGM on 9 July 2026, accompanied by guidance from the Ministry of Finance, setting out new documentation and data reporting requirements for tax years beginning in 2026. The new framework aligns Hungary’s TP documentation regime with the OECD’s three-tiered...
Cambodia’s Ministry of Economy and Finance announced, on 16 July 2026, that officials from Brazil and Cambodia met on 15 July 2026 to discuss bilateral cooperation. The two sides agreed to explore formal investment protections, a bilateral free trade agreement, including the possibility of negotiating an income tax treaty. They’re looking at the mechanics of...
Hong Kong Inland Revenue Department (IRD), in an update, reported that Hong Kong and Morocco concluded the second round of negotiations for an income tax treaty on 16 July 2026. This follows IRD’s announcement that Hong Kong and Morocco would conduct a second round of negotiations on an income tax treaty from 13 to 17...
The Dutch government has put forward a comprehensive legislative package designed to refine the Income Tax Act 2001, the Corporate Income Tax Act 1969, the Successions Act 1956, and other tax frameworks. Following this, the government has opened a public consultation on the proposed omnibus tax bill, which runs from 17 July to 10 September...