Saturday, August 29, 2026
HMRC released a policy paper, draft legislation, and explanatory notes on 13 July 2026 covering the introduction of the Side-by-Side package and proposed changes to the UK’s Multinational Top-up Tax and Domestic Top-up Tax regimes. Introduction of the Side-by-Side package and amendments to Multinational Top-up Tax and Domestic Top-up Tax Documents Pillar Two — Side-by-Side...
The Comprehensive Economic and Trade Agreement (CETA) between India and the UK will enter into force on 15 July 2026, marking a new phase in bilateral trade and economic cooperation. The agreement, signed on 24 July 2025 after 14 rounds of negotiations, reduces tariffs and covers trade in goods and services, digital trade, investment, financial...
The Qatar General Tax Authority announced that the income and capital tax treaty with Kuwait entered into force on 6 October 2025. Signed on 1 June 2025, the agreement applies to Kuwaiti income taxes as well as Qatar’s income tax and corporate tax. The treaty provides that a permanent establishment will be deemed constituted if...
Vietnam issued Decree No. 252/2026/NĐ-CP on 30 June 2026, providing detailed regulations and measures for implementing the Law on Tax Management. The decree applies to taxpayers, tax administration authorities, tax officials, and other state agencies, organisations and individuals involved in tax administration. Public disclosure and tax administration Under the decree, tax authorities must publicly disclose...
Sri Lanka has enacted the Value Added Tax (Amendment) Act, No. 14 of 2026, introducing a series of changes to the Value Added Tax Act, No. 14 of 2002, including revised rules for digital services supplied by non-residents, higher tax rates for specified institutions, new compliance requirements and stricter enforcement measures. The Act was certified...
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance stated that domestic businesses and organisations purchasing electronic services from foreign e-commerce platforms are required to declare and pay business tax in accordance with Article 36 of the Value-Added and Non-Value-Added Business Tax Act. The Bureau explained that if a foreign e-commerce platform’s annual...
Kazakhstan has launched a public consultation on 2 July 2026, on a package of amendments to the Tax Code of the Republic of Kazakhstan, with proposals intended to improve the investment climate, simplify tax administration, and address a number of administrative and tax issues affecting businesses. Among the proposed measures is the introduction of a...
The UK’s HM Revenue & Customs (HMRC) has published a policy paper on the Simplification of the Capital Goods Scheme on 8 July 2026. This measure details the simplification of the Capital Goods Scheme to reduce the administrative burden for VAT-registered businesses. General description of the measure VAT incurred on expenditure on certain capital assets...
According to a recent update from the Canadian government, Canada and France have signed a Competent Authority Arrangement establishing the procedures for applying the arbitration provisions under Part VI (Arbitration) of the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The arrangement applies to arbitration under...
Canada and Saudi Arabia have launched negotiations on a bilateral income tax treaty, following an announcement by the Canadian Prime Minister’s Office on 9 July 2026. This initiative was announced as part of a broader economic strategy to unlock the full potential of their bilateral ties, promote two-way investment, support small and medium-sized enterprises, and...