Saturday, August 08, 2026
The German Federal Central Tax Office (BZSt) has announced the publication of the final list of participating jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard (CRS) for the 2026 reporting cycle, covering the 2025 reporting period. Financial institutions in Germany are required to submit the relevant CRS information by...
The Ugandan Revenue Authority published a guidance on 23 June 2026 on tax amendments for the 2026/27 financial year, outlining changes to income tax, VAT, excise duty, tax administration and customs measures introduced under recently enacted legislation. The reforms are intended to reduce the complexity of doing business, encourage investment and strengthen tax administration, with...
The Hong Kong Inland Revenue Department (IRD) has published new guidance outlining the implementation of the Crypto-Asset Reporting Framework (CARF) in Hong Kong. This follows after the Hong Kong Inland Revenue Department announced that the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026 would be gazetted on 22 May 2026...
The Slovak Republic’s Financial Administration announced on 23 June 2026 that non-governmental organisations will receive automatic tax identification numbers (TIN) to prepare for mandatory electronic invoicing beginning in 2027. Approximately 58,000 entities—chiefly civic associations, foundations, and non-profit organisations—currently lacking a TIN will have one assigned without requiring formal application or office visits. The administration will...
The European Commission adopted an ambitious tax simplification package on 24 June 2026, that includes two legislative proposals aimed at simplifying EU tax rules: reducing compliance burdens for businesses, and strengthening the competitiveness of the Internal Market. The direct taxation Omnibus and the Recast of the Directive on Administrative Cooperation (DAC) are designed to modernise...
The Kenya Revenue Authority (KRA) reminds all taxpayers that filing of income tax returns for the year of income 2025 is ongoing and must be completed by 30 June 2026. To facilitate smooth filing for the 2025 Year of Income, KRA has allowed taxpayers to declare valid business expenses that may not be supported by...
Kenya’s President has enacted the Finance Act 2026, bringing amendments across multiple tax statutes effective from 1 July 2026. The Presidential assent was given on 24 June 2026. The Finance Act, 2026, does not raise taxes. Instead, it improves fairness by strengthening compliance, closing loopholes and ensuring that every individual and business pays what is...
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 24 June 2026, that it has issued guidance to Constituent Entities of Multinational Business Groups regarding compliance with the CSLL Additional Tax, including requirements related to tax payments, information reporting through DCTFWeb, and submission of the upcoming ancillary obligation. The Additional CSLL (Social Contribution on...
Illinois has enacted new taxes on digital activities under SB 3019, effective from 1 January 2027. The measures include a 10% tax on gross receipts from targeted advertising services provided in Illinois, applicable to providers earning more than USD 1 million in Illinois targeted advertising revenue over the prior 12 months. The law also introduces...
Ukraine’s Cabinet of Ministers issued Resolution No. 793 on 17 June 2026, approving the budget declaration for 2027–2029, which includes a broad package of tax measures aimed at increasing budget revenues, strengthening tax administration and supporting alignment with European Union standards. The measures form part of the National Revenue Strategy until 2030 and are projected...