Saturday, July 18, 2026
Hong Kong’s government has announced that Hong Kong and Nigeria signed an income tax treaty on 13 July 2026, marking Hong Kong’s 59th CDTA and fourth in 2026. The treaty allocates taxing rights between the two jurisdictions and reduces Nigeria’s withholding tax rates on dividends, interest, and royalties from 10% to 7.5% for Hong Kong...
Pakistan’s Ministry of Foreign Affairs, in a release on 9 July 2026, announced that officials from Pakistan and Croatia met on 9 July 2026 and agreed to begin negotiations on an income tax treaty in the very near future. Both parties have also agreed to strengthen bilateral relations by activating political consultations, advancing negotiations for...
Malaysia’s Ministry of Finance has gazetted the Income Tax (Deduction for the Sponsorship of Scholarship to Malaysian Student Pursuing Studies at Technical and Vocational Certificate, Diploma, Bachelor’s Degree or Professional Certificate Levels) Rules 2026 (P.U. (A) 252) on 8 July 2026, which establishes a detailed tax incentive framework for corporate educational sponsorships. These rules allow...
Belgium’s tax authorities, SPF Finance, announced on 13 July 2026 that it has extended the filing deadline for the 2026 assessment year by four days following system outages that prevented taxpayers from submitting returns through Tax-on-web. The new date of 19 July 2026 replaces the original 15 July 2026 deadline, and the same extension applies...
The Australian Taxation Office (ATO) has published the foreign exchange rates for the financial year ending 30 June 2026, including annual average exchange rates and the nearest actual exchange rates as of 30 June 2026 for 18 currencies. All foreign income, deductions, and foreign tax paid must be converted to AUD before being included in...
Cyprus residents and companies earning non-salary income must pay provisional tax for 2026. The first instalment is due 31 July 2026, with an extended deadline of 31 August 2026 for those using online banking. Companies and individuals reporting income outside salaries, pensions, dividends, or interest are required to calculate this based on expected annual earnings...
The European Commission has presented its Annual Report on Taxation (ART), offering a detailed overview of taxation policies in all EU countries on 10 July 2026. This report assesses recent trends in EU tax systems and identifies ways to enhance compliance. The report reveals that the EU’s overall tax-to-GDP ratio rebounded to 39.4 % in...
The Moroccan Chamber of Representatives approved Bill No. 76.19 on 6 July 2026, ratifying the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports. Signed by Morocco on 25 June 2019, the agreement establishes the legal basis for the automatic exchange of CbC reports among the competent authorities of participating jurisdictions. It...
The Lithuanian State Tax Inspectorate (STI) has opened a public consultation on draft guides for transfer pricing documentation and establishing the arm’s length range on 13 July 2026. The Q&A-style guides reflect the most common compliance issues identified by the STI and the questions most frequently asked by taxpayers. The submitted draft publications are Constructing...
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...