Tuesday, February 03, 2026
Belgium’s government reached a budget agreement for 2026 on 24 November 2025 after months of tense negotiations, Prime Minister Bart De Wever announced. Following a Christmas deadline he set for his five-party coalition, he reached a deal that includes tax increases on share purchases, airplane tickets, and natural gas, as well as a new tax...
Estonia gazetted the law ratifying the income and capital tax treaty with Liechtenstein on 19 November 2025. Signed on 10 July 2025, the agreement seeks to eliminate double taxation and prevent tax evasion. The treaty covers Estonian income tax, Liechtenstein’s corporate income tax, personal income tax, real estate capital gains tax, and wealth tax. It...
Several Trump administration officials are reconsidering the timing of the long-promised semiconductor tariffs, with people familiar with internal discussions indicating that officials have recently begun signalling a slower, more cautious rollout, according to a report by Reuters. Over the past several days, US officials have quietly told industry representatives and government contacts that the rollout...
Lithuania has proposed an amendment to its Corporate Tax Law that would increase the additional tax on banks and credit institutions from 5% to 10%. The draft, registered with the Seimas on 10 November 2025 under project No. XVP-973, targets Article 38 of Law No. IX-675. The amendment revises the rules governing the additional tax...
Liechtenstein’s parliament has approved the ratification of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 7 November 2025. Liechtenstein signed the GIR MCAA on 29 September 2025. GIR MCAA enables centralised filing of the GloBE Information Return, allowing tax authorities to automatically exchange data while reducing compliance burdens for...
The Organisation for Economic Cooperation and Development (OECD) published an updated list of signatories, including their signing dates, to the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA) on 5 November 2025. Hungary is the latest signatory to join the GIR MCAA. This agreement aims to streamline...
The President of the Slovak Republic, Peter Pellegrini, signed the law ratifying the protocol to the 2016 income tax treaty with Iran. Signed on 9 April 2025, this is the first protocol to amend the treaty. The treaty between the Slovak Republic and Iran was signed on 19 January 2016, and aimed at preventing double...
Estonia published the Decision No. 606 in the Official Gazette for the ratification of the income tax treaty with Oman on 4 November 2025. Signed on 27 October 2024, the agreement seeks to prevent double taxation and fiscal evasion between the two nations. It will take effect after the ratification instruments have been exchanged and...
Hungary has joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), under Pillar 2 of the OECD/G20 Inclusive Framework’s two-pillar solution, as of 31 October 2025. The Global Anti-Base Erosion (GloBE) Model Rules require each Constituent Entity of an MNE Group to annually file a GloBE Information Return (GIR) with...
Representatives from Kenya and Belgium have signed a tax treaty aimed at eliminating double taxation and preventing tax evasion for individuals and businesses operating between the two countries. The agreement was signed on Tuesday, 30 September 2025, at the National Treasury offices in Nairobi. Treasury Cabinet Secretary John Mbadi and Belgium’s Ambassador to Kenya, Peter...