Saturday, July 18, 2026
The Hong Kong Inland Revenue Department has announced enhancements to the Business Tax Portal (BTP), expanding access to allow authorised representatives of non-Hong Kong companies, as well as additional eligible individuals acting as Responsible Persons (RPs), to register for a BTP Business Account. Correspondingly, the BTP guidance page has been updated to reflect these changes....
The US Internal Revenue Service (IRS) and Security Summit partners announced on 8 June 2026 that a restructuring of the public-private partnership is designed to strengthen protections and enhance information sharing across the tax system. The change supports ongoing efforts to safeguard taxpayers from identity theft and related fraud. The Security Summit is a unique...
The Australian Taxation Office (ATO) issued new guidance on public country-by-country (CbC) reporting on 9 June 2026. Australia’s public CbC reporting rules apply to reporting periods commencing on or after 1 July 2024, with reports required to be filed within 12 months after the end of the relevant reporting period. The guidance outlines key aspects...
Denmark’s tax agency issued a binding ruling on 4 June 2026 addressing the tax treatment of a proposed share exchange by a family-owned business group. In Tax Council Binding Answer No. SKM2026.264.SR, the authority clarified when such restructuring can proceed without triggering tax consequences. Share exchanges of this kind allow companies to reorganise ownership stakes...
A US federal judge has overturned a Trump administration policy that had tightened requirements for renewable energy developers to claim federal tax incentives. US District Judge Colleen Kollar-Kotelly ruled on Saturday, 6 June 2026, that the Treasury Department’s Internal Revenue Service (IRS) failed to justify eliminating a long-established standard for what qualifies as active construction....
The OECD has announced that registration is now open for the OECD Tax and Development Days 2026, a virtual event scheduled for 17 and 18 June 2026. This event provides an update on OECD initiatives to strengthen tax capacity, enhance tax policy, and improve compliance in developing countries, while also exploring future challenges. The OECD...
The Cyprus Ministry of Finance announced that Cyprus and Kyrgyzstan signed an income tax treaty on 8 June 2026. The agreement is expected to strengthen economic, trade and investment relations between the two countries by enhancing the tax framework, reducing administrative and tax burdens, and preventing tax evasion and avoidance. It also includes provisions on...
Rwanda’s government has published Ministerial Order No. 004/26/10/TC of 29 April 2026 in the Official Gazette No. Special of 29/04/2026, which introduces several key changes and measures regarding Value Added Tax (VAT) on online services, industrial tax exemptions, and invoice adjustments. The Ministerial Order implements Article 3 of the VAT Act 2023, bringing electronic and...
The Bangladesh government is preparing sweeping tax cuts across multiple sectors in its upcoming 2026-27 budget, designed to make Bangladesh a more attractive investment destination. The push includes reduced advance income tax (AIT) rates, slashed withholding taxes, and comprehensive exemptions for emerging entrepreneurs—measures officials describe as unprecedented in scale. Sweeping tax reductions across import and...
The US Internal Revenue Service (IRS) issued the 2025 Data Book on 5 June 2026, detailing the agency’s activities during fiscal year 2025. The report provides a statistical overview of the agency’s operations and the work employees performed to meet statutory responsibilities. “Fiscal Year 2025 was a pivotal year, as we began the process of...