Saturday, August 08, 2026
The UAE’s Federal Tax Authority (FTA) has launched a new initiative expanding the scope of expenses eligible for VAT refunds for UAE nationals constructing new residences, allowing citizens to claim refunds on an additional range of construction costs. The initiative aligns with the UAE leadership’s directives and coincides with the Year of Family, with the...
The National Bank of Kazakhstan has lowered the base rate from 18.0% to 17.0%, effective 8 June 2026, according to an official update. The move follows a period of rate stability throughout the first part of 2026 and reverses part of the increase implemented in October 2025, when the rate was raised from 16.5% to...
Turkey has approved the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA), reinforcing its participation in the international framework supporting the global minimum tax. The approval was formalised through Decision No. 11396, published in the Turkish Official Gazette on 6 June 2026. The agreement was signed by...
Greece’s Ministry of National Economy and Finance has launched a public consultation on a draft omnibus bill that would introduce tax, social welfare and regulatory measures aimed at addressing economic pressures and supporting household incomes. The consultation, announced by Minister Kyriakos Pierrakakis on 1 June 2026, will remain open until 15 June 2026. The draft...
Spain’s Tax Authority (AEAT) on 1 June 2026 published two technical documents—the Ministerial Order Project for the Public Electronic Invoicing Solution (SPFE) and Public Electronic Invoicing Solution (SPFE) Technical Aspects—setting out the functional and technical framework for the country’s mandatory B2B e-invoicing regime. The guidance confirms the use of UBL 2.5 aligned with EN 16931:2026...
The Indian Supreme Court has delivered a ruling on the Goods and Services Tax (GST) treatment of online gaming, fantasy sports and casino activities, holding that GST is payable on the entire value of stakes or bets placed by participants rather than only on platform commissions or service fees. In its judgment issued on 27...
Officials from Latvia and San Marino have initialled an income tax treaty following concluded negotiations, which was initialled on 14 May 2026. It requires formal signature and ratification to become effective. The development was confirmed by Latvia’s Ministry of Finance. The treaty aims to provide a comprehensive framework governing taxation of business income, capital, and...
The Luxembourg Administration of Direct Tax (ACD) has released an updated Frequently Asked Questions (FAQs) document on the Pillar Two global minimum tax rules introduced under the Law of 22 December 2023 (the Pillar Two Law), providing further guidance on registration obligations, GloBE Information Return (GIR) notifications, and transitional provisions. The revised guidance, published on...
The Rwandan Cabinet has approved the ratification of the income tax treaty with Botswana on 8 June 2026, according to a post by the Office of the Prime Minister of Rwanda. Signed on 6 May 2026, the treaty aims to prevent double taxation and fiscal evasion between the two nations. It will enter into force...
The OECD released the Tax Transparency in Asia 2026: Asia Initiative Progress Report on 6 June 2026, highlighting tax transparency achievements across the region that contributed an additional EUR 1.6 billion in tax revenue in 2025. Further advances on tax transparency brought Asian countries EUR 1.6 billion in additional revenue in 2025 Asian countries identified...