Saturday, July 18, 2026
The Senate of Kazakhstan approved the income and capital tax treaty on 28 May 2026. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. The approval marks the completion of the parliamentary process, and the agreement will now be forwarded to the president for final approval and signing before it...
Iraq’s Council of Ministers approved the income and capital tax treaty with Oman on 25 May 2026. Iraq and Oman signed the income and capital tax treaty on 3 September 2025. The agreement aims to eliminate double taxation and prevent fiscal evasion. The treaty applies to Iraqi income tax, real estate tax, vacant land tax,...
Kuwait has published Decree-Law No. 62 of 2026 in the Official Gazette on 7 June 2026, approving the country’s accession to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The decree completes Kuwait’s domestic approval process for the convention, which the country originally signed on 7...
Germany published the Act Amending the Act on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) in the Official Gazette on 5 June 2026, expanding the scope of Covered Agreements (tax treaties) under the MLI framework. The German Federal Tax Agreement Amendment Act 2026, dated 1...
Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 11396 on 6 June 2026, approving the ratification of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA). The GIR MCAA is designed to enable the automatic exchange of GloBE Information between tax administrations and reduce compliance burdens for Multinational...
Bahrain’s National Bureau for Revenue (NBR) has published a new guide outlining the methodology for calculating Domestic Minimum Top-up Tax (DMTT) liabilities for entities within the scope of the country’s global minimum tax regime. The DMTT Computations Guide sets out the NBR’s current views on the application of the DMTT Law and Executive Regulations and...
Bahrain’s National Bureau for Revenue (NBR) has published the DMTT Transfer Pricing Guide, providing guidance on the application of transfer pricing requirements under Decree-Law No. 11 of 2024, which introduced a global minimum tax through a Domestic Minimum Top-up Tax (DMTT) for Multinational Enterprises (MNEs). Aligning with OECD standards The guide sets out the general...
The UK’s His Majesty’s Revenue and Customs (HMRC) has published an Advance Tax Certainty Service Manual on 1 June 2026 to support both taxpayers and HMRC staff in operating the new Advance Tax Certainty Service. The manual provides structured guidance across key areas, including: ATCS01000 – Advance tax certainty (contents) ATCS02000 – Eligibility and scope...
The Inland Revenue Authority of Singapore (IRAS) has updated its Transfer Pricing Guidelines (Ninth Edition), released on 4 June 2026, to clarify the treatment of share-based compensation costs under the Transactional Net Margin Method (TNMM). The update introduces a new frequently asked question addressing whether share-based compensation should be included in the cost base when...
Singapore’s Ministry of Finance is seeking public feedback from 8 June to 1 July 2026 on the proposed Finance (Income Taxes) Bill 2026. The Bill proposes 20 amendments to the Income Tax Act 1947 (ITA) and two amendments to the Multinational Enterprise (Minimum Tax) Act 2024 (“MMTA”) to effect: Tax measures announced at Budget 2026...