Saturday, June 27, 2026
The Hong Kong Inland Revenue Department released a notice on 14 May 2026 reminding taxpayers and employers of their obligations to provide required tax-related information. Information to be furnished by taxpayers Taxpayers are reminded of their obligations under Sections 51(2), (6), (7) and (8) of the Inland Revenue Ordinance as follows : (a) Section 51(2)...
In an announcement on 13 May 2026, Poland’s Minister of Finance and Economy extended temporary reductions in VAT and excise tax on motor fuels until 31 May 2026, maintaining relief measures initially introduced to counter price volatility stemming from Middle East conflicts. As per earlier reports, the VAT rate on petrol, diesel oil, and biocomponent...
Bolivia’s National Tax Service (SIN) has announced an exceptional extension for tax compliance deadlines affecting the interdepartmental transport industry on 13 May 2026. The new deadline of 15 May 2026 provides additional time for sworn statements and Corporate Profits Tax payments for the 2025 fiscal year. The extension comes in response to temporary service disruptions...
The Australian Taxation Office (ATO) has issued a notice to advisers and taxpayers on 14 May 2026 outlining its key areas of concern regarding research and development (R&D) tax incentive claims. The ATO has also updated its guidance on ensuring R&D claims are made correctly, including a list of specific areas of concern. These are:...
Latvia and Liechtenstein will implement their income and capital tax treaty on 23 May 2026. The agreement, which was signed on 2 October 2025, will become applicable starting 1 January 2027. The treaty encompasses several tax categories in both nations. For Latvia, it covers enterprise income tax, personal income tax, and immovable property tax. Liechtenstein’s...
The Bahrain Shura Council (upper house) gave its approval to the law for the ratification of the income tax treaty with Saudi Arabia during its 29th session held on 10 May 2026. Signed on 3 December 2025, the provisions of the agreement apply to Bahrain corporate income tax as well as Saudi Zakat and income...
Andorra’s government announced on 6 March 2026 that representatives from Andorra and Panama met in March 2026 to discuss international legal cooperation and security initiatives, including plans to negotiate an income tax treaty. At the XXIV Ibero-American Conference of Ministers of Justice in Panama City on 8 May 2026, Andorra’s Secretary of State, Joan León,...
Canada’s Department of Finance announced on 12 May 2026 that discussions will begin next month to modernise the income tax agreement between Canada and Australia. The current treaty, originally established in 1980, has been modified twice through a 2002 protocol and the BEPS Multilateral Instrument. Canadian authorities are actively seeking feedback from stakeholders before negotiations...
Burundi’s National Assembly issued a post confirming the approval of the income tax treaty with the UAE on 12 May 2026. The treaty was signed 16 February 2017. The primary goal of this treaty is to create a transparent tax environment and encourage cross-border investment. By removing the burden of being taxed in both countries,...
The French tax authorities (FTA) published a new annex BOI-ANNX-000511 on 29 April 2026 listing 68 tax treaties concluded by France that have been modified by the OECD’s Multilateral Instrument (MLI), under the OECD Base Erosion and Profit Shifting (BEPS) framework. The MLI, in force for France since 1 July 2019, allows BEPS-related tax treaty...