Saturday, July 18, 2026
Germany’s Federal Council (Bundesrat) approved the amendment of the regulation on the application of the minimum taxation law (Mindeststeuer-Bericht-Verordnung – MinStBV) on 10 July 2026. The measure expands the framework under the Minimum Tax Act (MinStG) by identifying jurisdictions that have implemented qualified minimum tax rules, while retaining provisions governing the automatic exchange of minimum...
The Australian Taxation Office (ATO) updated its guidance on 13 July 2026 regarding the eligibility requirements for research and development (R&D) activities undertaken by an R&D entity on behalf of an associated foreign corporation when claiming the R&D tax incentive. Under the incentive, eligible companies with an aggregated annual turnover of less than AUD 20...
Greece has enacted Law 5313/2026, published in Government Gazette A’ 102 on 25 June 2026, introducing a broad package of measures aimed at addressing the impact of the energy crisis, increasing disposable income and expanding housing support, while revising debt settlement rules, strengthening gambling regulation and implementing several tax-related changes. Housing and income support The...
The UK’s 2026/27 tax year introduces a broad package of tax measures taking effect from April 2026, with changes affecting business succession, tax compliance, employment costs, property taxation and employee incentives. Although many of the measures were announced in previous Budgets, they are now entering into force. Capital gains and dividend taxation The Business Asset...
Spain’s Institute of Accounting and Audit (ICAC) has clarified the application of Spain’s public country-by-country reporting (public CbCR) rules through ICAC Query 5 (BOICAC 144). The guidance confirms that when the ultimate parent company is established in another EU Member State, the applicable reporting framework is determined by the parent company’s national legislation. The public...
The Inland Revenue Authority of Singapore (IRAS) published Advance Ruling Summary No. 10/2026 on 1 Jul 2026, clarifying when dividend income received from an offshore subsidiary and subsequently paid to shareholders is not regarded as being “received in Singapore” under Section 10(25) of the Income Tax Act 1947 (ITA). According to the ruling, the Comptroller...
Turkey has published Presidential Decision No. 11511 in the Official Gazette No. 33307 on 11 July 2026, approving the list of jurisdictions that have implemented key elements of the global minimum tax framework. The Decision, issued by the Revenue Administration, is effective for profits relating to accounting periods beginning on or after 1 January 2024....
UK’s HM Revenue and Customs (HMRC) has officially launched the Advance Tax Certainty Service, with applications open since 1 July 2026 to provide binding tax clearances for eligible major investment projects. The service is intended to reduce tax uncertainty for large-scale investments by allowing businesses to obtain certainty on how UK tax rules will apply...
Austria’s parliament (Nationalrat) approved the Budget for 2027 and 2028 on 10 July, including the Budget Accompanying Act 2027–2028 (Budgetbegleitgesetz 2027–2028), which introduces a range of tax measures. Financial and tax reforms The Budget detail several significant changes to the Austrian tax and financial landscape: Parcel tax : A new tax is introduced for the...
Greece’s Independent Authority for Public Revenue (AADE) has extended the deadline for submitting income tax returns for the 2025 tax year from 15 July 2026 to 24 July 2026. The extension applies to both personal income tax returns filed by natural persons and income tax returns submitted by legal persons and legal entities. According to...