Saturday, June 27, 2026
The German Federal Council approved the Act Amending the Act on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), expanding the scope of covered agreements (tax treaties) for the purposes of the MLI on 8 May 2026. Germany originally designated 14 tax treaties as covered agreements...
Taiwan’s Dongshan Office, National Taxation Bureau of the Central Area, Ministry of Finance, states that according to the Ministry of Finance’s announcement No. 11404664830 issued on 19 November 2025, for the fiscal year 2026, Profit-seeking Enterprises with a basic income amount of TWS 600,000 or less are exempt from paying income tax under the Income...
The Financial Administration of the Republic of Slovenia (FURS) announced, on 6 May 2026, that it has enabled test submissions of Pillar Two top-up tax returns on the BETA eDavki portal. The functionality covers two types of returns. The GloBE-ODPD return is used for declaring top-up tax under the Qualified Domestic Minimum Top-up Tax (QDMTT)...
Kazakhstan is moving forward with the implementation of the Crypto Asset Reporting Framework (CARF), as stated in a recent OECD update on 6 May 2026. The jurisdiction plans to initiate the first exchange of information under this standard in 2027. On 5 May 2026, experts from the Secretariat delivered a virtual training event bringing together...
According to a post by the United States Trade Representative (USTR), China initiated formal proceedings at the World Trade Organisation (WTO) on 4 November 2024, challenging the European Union’s imposition of definitive countervailing duties on battery electric vehicles imported from China. The complaint targets both the tariffs themselves and the investigative process that preceded their...
The Australian Taxation Office has issued a Recap of its Pillar Two April information session on 8 May 2026. In April, the Australian Taxation Office (ATO) hosted its third Pillar Two information session about implementing the global and domestic minimum tax. These sessions are designed to support multinational enterprise (MNE) groups and their advisers prepare...
The EU Economic and Financial Affairs Council provisionally agreed on new rules to strengthen the fight against value added tax (VAT) fraud in the EU by ramping up cooperation between member states, the European Public Prosecutor’s Office (EPPO) and the European Anti-Fraud Office (OLAF) during its recent meeting held on 5 May 2026. The new...
Kenya’s President William Ruto has signed into law the Income Tax Bill, the Special Economic Zones (Amendment) Bill, and the Technopolis Bill at State House, Nairobi, on 11 May 2026. The new laws are streamlining Kenya’s regulatory framework to strengthen the country’s position as an attractive investment destination by creating a more efficient, predictable, and...
The Office of the United States Trade Representative (USTR) has announced the initiation of the second four-year review of the tariff measures imposed under the Section 301 investigation into China’s acts, policies, and practices concerning technology transfer, intellectual property, and innovation, as published in the Federal Register on 6 May 2026. The two actions were...
The Inland Revenue Board of Malaysia (IRBM) has released a case report on a recent High Court ruling addressing whether service charges and late-payment interest arising from credit sales should be treated as business income under Section 4(a) or as passive interest income under Section 4(c) of the Income Tax Act 1967. The Taxpayer in...