Tuesday, March 17, 2026
The Cyprus Minister of Finance issued a statement on 8 January 2026 regarding the Side-by-Side (SbS) arrangement for the Pillar 2 global minimum tax, recently endorsed by the BEPS Inclusive Framework. The release highlights that, under Council Directive (EU) 2022/2523 of 14 December 2022, safe harbour provisions like those in the SbS arrangement can be...
The Inland Revenue Authority of Singapore (IRAS) released the second edition of its e-Tax Guide on Multinational Enterprise Top-up Tax and Domestic Top-up Tax on 7 January 2026. The guide explains the new Pillar 2 Income Inclusion Rule—referred to as the Multinational Enterprise Top-up Tax (MTT)—and the Domestic Top-up Tax (DTT) introduced under the Multinational...
The Dominican Republic’s tax authority (DGII) issued Resolution DDG-AR1-2025-00008 on 17 December 2025, revising the specific tax rates applicable to the selective consumption tax on alcohol and tobacco products. The resolution informs taxpayers subject to the Selective Consumption Tax, specifically producers of alcohol, alcoholic beverages, and beer, of the applicable specific tax amounts for calculating...
Colombia’s National Directorate of Taxes and Customs (DIAN) published the 2026 tax calendar on 26 December 2025, outlining the deadlines and dates that individuals, legal entities and other taxpayers must follow to comply with their national tax obligations. The deadlines are calculated in business days, in accordance with Decree 2229 of 2023. Income Tax and...
Turkey’s Revenue Administration announced, on 7 January 2026, that the Local Minimum Supplementary Corporate Tax Return for the 2024 accounting period is now available for filing through the Digital Tax Office portal. Under the Fifth Section added to the Corporate Tax Law No. 5520 by Law No. 7524, both the Local and Global Minimum Supplementary...
The Australian Taxation Office (ATO) has released updated guidance on Pillar 2 compliance, and finalised its first round of technical updates to its global and domestic minimum tax framework. The updated guidance, published on 6 January 2026, covers lodging, payment, and other obligations, as well as specific requirements for tax consolidated groups. It has been...
Thailand’s Customs Department has issued Customs Department Announcement No. 219/2568 in the Royal Gazette on 11 December 2025, revising the criteria for imports eligible for exemption from customs duty. The changes will significantly narrow the scope of duty-free treatment for low-value goods from 1 January 2026. Under the announcement, the duty exemption under Type 12...
Greece’s Independent Authority for Public Revenue (AADE) has announced, in Circular E.2113/2025, that from 1 January 2026, reduced VAT rates will apply to islands in the North Aegean, the Evros Regional Unit (Samothraki), and the Dodecanese with populations of up to 20,000, based on the latest ELSTAT census. This announcement was made on 31 December...
Irish Revenue released eBrief No. 250/25 on 29 December 2025, providing updated guidance on the application of VAT to the supply and construction of qualifying apartments and apartment complexes. VAT treatment of the supply and construction of qualifying apartments and apartment blocks Following the Finance Act 2025, the following VAT Tax and Duty Manuals have...
The UK tax authority, HM Revenue & Customs (HMRC), has launched a technical consultation on draft regulations to simplify the Construction Industry Scheme (CIS). The consultation, opened on 6 January 2026, covers exemptions for payments to public bodies and new rules on nil returns. Consultation overview The government announced at the Autumn Budget 2025 that...