Saturday, June 27, 2026
The Belarus Council of the Republic (upper house of the National Assembly) has approved the ratification of the income tax treaty with Jordan on 11 May 2026. Signed on 16 December 2025, this treaty is aimed at preventing double taxation and facilitating economic cooperation between the nations. It will enter into force after the exchange...
Jamaica’s tax administration (TAJ) announced on 13 April 2026 that the Income Tax threshold (tax-free amount) was increased to JMD 1,902,360, up from JMD 1,799,376, effective 1 April 2026. This adjustment is in keeping with the announcement made by the Minister of Finance and the Public Service, the Hon. Fayval Williams, during the 2025 Budget...
The income and capital tax treaty between Liechtenstein and Montenegro entered into force today, 13 May 2026. The agreement applies to Montenegrin personal income tax, corporate profit tax, and immovable property tax. It also applies to Liechtenstein personal income tax, corporate income tax, real estate capital gains tax, and wealth tax. Withholding tax rates for...
The European Commission has approved Ireland’s enhancement of the Section 481 Film Tax Credit, known as the Visual Effects (VFX) Uplift, via a State aid authorisation published in the Official Journal of the European Union on 12 May 2026. The measure, introduced through the Finance Act 2025, provides a 40% tax credit for qualifying VFX...
Serbia’s Ministry of Finance has approved amendments to the Rulebook on Electronic Invoicing, published in Official Gazette No. 30/2026, with the changes applying from tax periods commencing 1 April 2026. The regulations define the mandatory procedures for registering and accessing the electronic invoice system (SEF), specifying that entities must use a high-security electronic identification portal....
The Inland Revenue Authority of Singapore (IRAS) announced that it signed an income tax treaty with Bhutan on 12 May 2026. The agreement was signed in Singapore by Jeffrey Siow, Acting Minister for Transport and Senior Minister of State for Finance, Republic of Singapore and HE Lyonpo Lekey Dorji, Minister of Finance, Royal Government of...
Taiwan’s National Taxation Bureau of the Southern Area, Ministry of Finance, stated that foreign individuals who resided in the Republic of China (R.O.C.) for a total of 183 days or more during the year 2025, and who did not depart the R.O.C. before 30 April 2026 , shall file their individual income tax returns from...
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance stated that the balance of output tax minus input tax for the current period constitutes the business’s payable or refundable tax amount. Therefore, regardless of whether there is any sales revenue, businesses must file returns. Only when there is a refundable tax amount may it...
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance clarified that taxpayers who have obtained income sourced from Mainland China are required to declare and pay income tax together with their individual consolidated income tax return. The Bureau explained that, according to Article 24, Paragraph 1 of the Act Governing Relations between the People...
Quebec tax authority, Revenu Quebec, announced, on 4 May 2026, an increase in the small business deduction rate and a reduction in the small business tax rate for taxation years beginning after 29 April 2026. Under certain conditions, a Canadian-controlled private corporation (CCPC) can benefit from a reduction in the 11.5% general income tax rate....