Saturday, June 27, 2026
Andorra and Bulgaria signed an income and capital tax treaty on 19 June 2026. The treaty is intended to avoid double taxation on income and strengthen measures to prevent tax evasion and tax avoidance between the two jurisdictions. The agreement will have to be ratified before it can enter into force. Earlier, the Bulgarian Council...
The UAE Ministry of Finance has issued the UAE Electronic Invoicing Guidelines Version 1.1, dated 1 June 2026. The key updates introduced in Version 1.1 include the addition of: Appendix 4 – Further guidance in respect of storage obligations under Article 11 of Ministerial Decision No. 243 of 2025; and Appendix 5 – Advance Payments...
The European Commission is preparing additional trade duties targeting Chinese-made plug-in hybrid vehicles, according to a report by the German business publication Handelsblatt on 19 June 2026. The announcement comes as EU leaders intensify efforts to address the bloc’s widening trade imbalance with Beijing. Sources cited by Handelsblatt—including senior EU officials and industry insiders—confirmed that...
The Australian government has announced additional implementation details for its tax reform package on 18 June 2026 following an extensive first phase of post-Budget consultations. The package includes a significant expansion of small business capital gains tax (CGT) concessions, a proposed new CGT incentive for innovative startups, amendments to existing legislation, and targeted trust tax...
Switzerland’s parliament has approved a constitutional amendment that will allow an increase in Value Added Tax (VAT) rates from 2028 to help finance the country’s newly introduced 13th monthly pension payment under the Old-Age and Survivors’ Insurance (AHV) system. Under the measure adopted on 19 June 2026, the Federal Council would be authorised to raise...
The Dominican Republic’s General Directorate of Internal Taxes (DGII) has launched a public consultation on a draft General Norm that would exempt authorised electronic invoicing taxpayers from the withholding regime for the Tax on the Transfer of Industrialised Goods and Services (ITBIS) when transactions are documented through Electronic Tax Receipts (e-CF). The consultation, which opened...
Egypt has introduced a package of electronic real estate tax services and taxpayer relief measures, including the launch of its first mobile application for real estate tax services, expanded exemptions for primary residences and incentives for timely tax compliance. Finance Minister Ahmed Kouchouk announced the measures in June 2026 as part of the government’s “Real...
Turkey has extended the application period of the 0% withholding tax (WHT) rate on income and gains derived from government bonds, Treasury bills and certain lease certificates by six months, following the publication of Presidential Decision No. 11444 in the Official Gazette on 20 June 2026. The decision amends provisional article 4 of Decree No....
Luxembourg’s Administration of Direct Contributions (ACD), on 17 June 2026, published a Frequently Asked Questions (FAQ) document providing further guidance on the implementation of the Pillar Two Law of 22 December 2023 on minimum effective taxation. The guidance clarifies tax assessment procedures, registration and reporting obligations, and transitional provisions applicable to multinational enterprise (MNE) groups...
The Philippines Bureau of Internal Revenue (BIR) announced on 11 June 2026, through a Facebook post, that it has begun preparations for the possible implementation of the proposed Qualified Domestic Minimum Top-Up Tax (QDMTT), a measure pushed by the Department of Finance (DOF) to ensure that large multinational enterprise groups pay a minimum level of...