Sunday, June 07, 2026
Finland’s Ministry of Finance announced on 17 April 2026 that it is preparing to introduce a tourist tax that would allow municipalities to generate additional revenue from visitors. The Ministry of Finance has begun drafting legislation following a feasibility assessment and stakeholder consultations. Finance Minister Riikka Purra emphasised that the new tax would provide tourism-heavy...
Kosovo and Belgium have signed a comprehensive income and capital tax treaty on 16 April 2026, marking a significant step in strengthening economic ties between the two nations. The agreement was formalised during the Spring Meetings in Washington DC by Kosovo’s Finance Minister Hekuran Murati and Belgium’s Deputy Prime Minister and Finance Minister Jan Jambon....
The Croatian Parliament is moving to adopt urgent amendments to the Value Added Tax Act that would authorise the government to temporarily modify VAT rates on energy products during market crises, bypassing the standard legislative process. The proposed legislation comes as Croatia faces continued uncertainty in energy markets following conflict in the Middle East. Before...
Taiwan’s Southern Area National Taxation Bureau of the Ministry of Finance has stated that income from completed contracted construction works must be reported as operating revenue in full upon completion, regardless of whether payment has been received, ahead of the 2025 profit-seeking enterprise income tax filing season. The Bureau explained that if a business has...
Irish Revenue issued eBrief No. 080/26 on 17 April 2026, updating guidance on Revised Entrepreneur Relief. The update relates to Tax and Duty Manual Part 19-06-02b, which guides the Capital Gains Tax (CGT) relief known as Revised Entrepreneur Relief under section 597AA of the Taxes Consolidation Act 1997. The relief allows a reduced CGT rate...
Singapore’s Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 6/2026 on 1 April 2026 clarifying the tax treatment of subordinated perpetual securities issued by a Singapore-listed real estate investment trust (REIT) trustee. The ruling addresses whether the subordinated perpetual securities qualify as “debt securities” under Section 43H(4) of the Income Tax...
Portugal has approved a temporary reduction in the minimum unit tax rates applied to petroleum and energy products under ISP (Imposto sobre os Produtos Petrolíferos e Energéticos), in response to rising energy costs linked to the Middle East crisis, under Law No. 12-B/2026 of 15 April 2026. The measure applies to unleaded petrol and diesel,...
The Ministry of Finance has announced yesterday, 19 April 2026, that the individual tax return filing period for Fiscal Year 114 (2025) will run from 1 May to 1 June of Fiscal Year 115 (2026), with a revised deadline reflecting the impact of non-working days on the original schedule. The individual income tax final settlement...
The French Tax Administration announced, on 15 April 2026, new provisions establishing a distinct category of innovative young enterprises and extending critical tax relief measures through 2028, following the enactment of Law No. 2026-103 of 19 February 2026 on Finance for 2026. Article 23 of Law No. 2026-103 on Finance for 2026 creates a new...
Bolivia’s National Tax Service (SIN) has approved Board Resolution (RND) 102600000014, introducing changes to the submission of financial statements, annual reports, and transfer pricing studies, while extending the deadline for the submission of sworn declarations and payment of the Corporate Income Tax (IUE) to 29 May 2026. The extension applies to taxpayers with a fiscal...