Sunday, June 07, 2026
Nigeria’s Joint Revenue Board (JRB) has released the Personal Income Tax Guidelines 2026 on 7 April 2026. The 2026 Personal Income Tax Guidelines established a comprehensive framework for tax compliance and administration. These regulations mandate that all taxable persons and employers obtain a unique Tax Identification number and adhere to strict filing deadlines for annual...
The Luxembourg tax administration issued Circular L.I.R. n° 56/2 – 56bis/2 on 13 April 2026, introducing a simplified and rationalised approach for applying the arm’s length principle to baseline marketing and distribution activities, referred to as “Amount B”. The measure follows the OECD’s Pillar One report and is intended to ease transfer pricing compliance and...
The Australian Taxation Office (ATO) announced on 21 April 2026 that from Tax Time (TT) 2026, reportable tax position (RTP) schedule obligations will apply to large APRA-regulated super funds and large collective investment vehicles (CIVs) that have: total fund/business income exceeding AUD 250 million, and meet the lodgment criteria set out in the relevant RTP...
Qatar’s General Tax Authority has issued a new user guide, “The Direct Application of Double Taxation Avoidance,” in connection with the newly launched “Register as a Trusted Entity” service on the Dhareeba platform. The GTA has introduced a new “Trusted Entity Service” to simplify the application of withholding tax (WHT) treaty benefits in Qatar. Under...
The Romanian government published Government Emergency Ordinance (GEO) No. 8/2026 in the Official Gazette on 25 February 2026, introducing sweeping fiscal reforms designed to stimulate industrial development, attract strategic investments, and modernise the country’s tax framework. Most provisions take effect from 1 March 2026. Corporate tax changes and R&D incentives The ordinance introduces a 10%...
New York Governor Kathy Hochul and Mayor Zohran Mamdani unveiled a joint proposal on 15 April 2026 to impose a new tax on second homes valued above USD 5 million. The measure specifically targets ultra-wealthy individuals who maintain expensive properties in New York City that remain vacant for most of the year. Mayor Mamdani’s office...
President Donald Trump said he will take note of companies that choose not to claim refunds on tariffs recently ruled illegal by the Supreme Court, hinting at potential future benefits for those who abstain. Speaking to CNBC on Tuesday, 21 April 2026, Trump praised reports that major corporations, including Apple, Amazon, Target, and Walmart, have...
The Bahrain Council of Representatives has approved the law for the ratification of the income tax treaty with Jersey during its 25th Session on 7 April 2026. Signed on 16 September 2025, the treaty covers the taxation of corporate income in Bahrain and income in Jersey, establishing how each jurisdiction applies its tax rules. Under...
The Government of Bermuda has issued a statement confirming that officials from Bahrain and Bermuda signed an amending protocol to the 2010 income tax treaty between the two countries on 17 April 2026. The Premier and Minister of Finance, the Hon. David Burt, JP, MP, has signed a protocol amending the Double Taxation Agreement (DTA)...
South Africa’s President has enacted the Taxation Laws Amendment Act 2026 (the Act), which abolishes the VAT exemption previously applicable to low-value imported goods. The Taxation Laws Amendment Act, 2026 (Act No. 5 of 2026) was assented to on 31 March 2026, and published on 1 April 2026. It introduces broad amendments to several South...