Saturday, August 08, 2026
Morocco’s House of Representatives approved Bill No. 39.25 on 8 June 2026, paving the way for the ratification of the income tax treaty with Burundi. The agreement, signed on 12 May 2025, aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion, encouraging foreign investment and trade between the two nations....
Taiwan’s National Taxation Bureau of the Northern Area, Ministry of Finance, announced that effective 25 June 2025, for cases where taxpayers file administrative remedies regarding taxes or fines and execution is deferred according to law, the calculation of the collection period shall exclude the end date of the deferred execution period. The calculation endpoint, previously...
The OECD/G20 Inclusive Framework has published practical guidance to smooth the rollout of the Global Information Return (GIR), the standardised reporting mechanism that enables tax administrations to exchange multinational enterprise data and verify compliance with the GloBE Rules. Schema issues identified and workarounds provided The guidance addresses fourteen discrete technical deficiencies within the GIR XML...
The Hong Kong Inland Revenue Department has announced enhancements to the Business Tax Portal (BTP), expanding access to allow authorised representatives of non-Hong Kong companies, as well as additional eligible individuals acting as Responsible Persons (RPs), to register for a BTP Business Account. Correspondingly, the BTP guidance page has been updated to reflect these changes....
The US Internal Revenue Service (IRS) and Security Summit partners announced on 8 June 2026 that a restructuring of the public-private partnership is designed to strengthen protections and enhance information sharing across the tax system. The change supports ongoing efforts to safeguard taxpayers from identity theft and related fraud. The Security Summit is a unique...
The Australian Taxation Office (ATO) issued new guidance on public country-by-country (CbC) reporting on 9 June 2026. Australia’s public CbC reporting rules apply to reporting periods commencing on or after 1 July 2024, with reports required to be filed within 12 months after the end of the relevant reporting period. The guidance outlines key aspects...
Denmark’s tax agency issued a binding ruling on 4 June 2026 addressing the tax treatment of a proposed share exchange by a family-owned business group. In Tax Council Binding Answer No. SKM2026.264.SR, the authority clarified when such restructuring can proceed without triggering tax consequences. Share exchanges of this kind allow companies to reorganise ownership stakes...
A US federal judge has overturned a Trump administration policy that had tightened requirements for renewable energy developers to claim federal tax incentives. US District Judge Colleen Kollar-Kotelly ruled on Saturday, 6 June 2026, that the Treasury Department’s Internal Revenue Service (IRS) failed to justify eliminating a long-established standard for what qualifies as active construction....
The OECD has announced that registration is now open for the OECD Tax and Development Days 2026, a virtual event scheduled for 17 and 18 June 2026. This event provides an update on OECD initiatives to strengthen tax capacity, enhance tax policy, and improve compliance in developing countries, while also exploring future challenges. The OECD...
The Cyprus Ministry of Finance announced that Cyprus and Kyrgyzstan signed an income tax treaty on 8 June 2026. The agreement is expected to strengthen economic, trade and investment relations between the two countries by enhancing the tax framework, reducing administrative and tax burdens, and preventing tax evasion and avoidance. It also includes provisions on...