Saturday, June 27, 2026
The Swiss Federal Council has opened a consultation on 6 May 2026 on an amendment to the Ordinance on Minimum Taxation, implementing two parliamentary motions of identical content (motions 25.4392 and 25.4399). The proposed revision concerns the timing of application in Switzerland of an OECD administrative instruction related to the OECD minimum taxation framework. Since...
Montenegro has set the deemed arm’s length interest rate for 2026 at 4.97% after the Ministry of Finance adopted a Rulebook regulating interest rates on financial instruments between related parties. The Rulebook was published in the Official Gazette of Montenegro No. 145 on 11 December 2025, entered into force eight days later, and applied from...
Rwanda has issued new rules governing the application of value-added tax (VAT) on online goods and services through Ministerial Order No. 004/26/10/TC, published in the Official Gazette on 29 April 2026. The Order implements the VAT framework for digital transactions introduced under Law No. 049/2023 of 5 September 2023 and also establishes procedures for invoice...
The UK HM Revenue & Customs (HMRC) has confirmed changes to the Electricity Generator Levy (EGL), increasing the rate from 45% to 55% with effect from 1 July 2026, according to a policy paper released on 6 May 2026. The EGL applies to certain electricity generators, mainly renewable operators such as wind and solar, that...
The Inland Revenue Authority of Singapore (IRAS) has released updated guidance for the Corporate Income Tax Filing Season 2026, setting the filing deadline for the Year of Assessment (YA) 2024 Corporate Income Tax Return (Form C-S/ Form C-S (Lite)/ Form C) at 30 November 2026. Filing became available from 5 May 2026. For YA 2026,...
The US House of Representatives has approved a bipartisan package of tax administration, disaster relief, and workforce-related bills aimed at modernising IRS operations, expanding taxpayer protections, strengthening the IRS whistleblower program, and extending targeted tax relief for disaster victims and other affected groups. The US House of Representatives, during the week of 27 April 2026,...
Dominican Republic’s General Directorate of Internal Taxes (DGII), under the Ministry of Finance and Economy (RNC: 401-50625-4), has announced an exceptional and general administrative extension to the deadline for the implementation of electronic invoicing for taxpayers classified as Small, Micro and Unclassified. The original deadline of 15 May 2026 has been extended by six (6)...
The income tax treaty between Cyprus and Vietnam will enter into force on 1 June 2026. Signed on 15 December 2025, it is the first such treaty between the two countries. The Agreement is intended to enhance and expand trade and economic cooperation between the two countries by ensuring equitable tax treatment and reducing opportunities...
New Zealand Inland Revenue has issued a determination on 29 April 2026, which sets the deemed rate of return, used to calculate foreign investment fund income under the deemed rate of return calculation method, for the 2025-26 income year at 7.84%. The deemed rate of return set for the 2024-25 income year was 8.04%. The...
The Inland Revenue Department (IRD) has reminded Hong Kong taxpayers that individual tax returns for the 2025/26 assessment year must be submitted promptly following their issue on 4 May 2026. Most individual taxpayers have until 4 June 2026 to file their returns—exactly one month from the issue date. However, sole proprietors receive additional time and...