Saturday, June 27, 2026
Irish Revenue has published eBrief No. 085/26 on 23 April 2026, updating the Tax and Duty Manual (TDM) Part 29-02-03 to reflect changes to the Research and Development (R&D) Corporation Tax Credit introduced by Finance Act 2025. The changes are reflected throughout the manual, with new examples included, where appropriate. Key changes include: increase in...
The Australian Treasury has initiated a public consultation on 20 April 2026 on proposals to introduce an instant standard deduction of up to AUD 1,000 for Australian tax residents earning employment income, with implementation targeted for 1 July 2026. This reform delivers the government’s election commitment to simplify the tax system and provide cost-of-living relief....
Lebanon’s Ministry of Finance has published the Citizen Budget 2026 on 14 April 2026, presenting a simplified overview of the Budget Law for 2026. The budget law was approved by Parliament in late January 2026 and enacted on 10 February 2026. It introduces revised fiscal estimates alongside a broad package of tax, fee, and administrative...
Brazil plans to regulate its critical minerals sector without offering new tax breaks, Finance Minister Dario Durigan announced on Friday, 24 April 2026, emphasising the country’s focus on national sovereignty and domestic value addition. Durigan told Reuters that critical minerals will be a key focus in the upcoming May or June auction under the Eco...
The Dutch Tax and Customs Administration has announced that digital services for Pillar Two global minimum tax filings will go live from 1 June 2026, targeting large multinational enterprises. The Netherlands’ Minimum Tax Act 2024, effective from 31 December 2023, imposes a 15% tax rate on multinational and domestic groups with an annual consolidated turnover...
Angola’s General Tax Administration (AGT) has announced that taxpayers will not face penalties for failing to submit their SAF-T accounting files for the 2025 financial year, making compliance voluntary for this period. The decision follows the implementation of the Legal Framework for Invoices under Presidential Decree No. 71/25, which took effect on 20 March 2025....
Turkey’s Revenue Administration announced, on 24 April 2026, that an income tax treaty has been signed with Zambia on 21 April 2026 during the Joint Economic Commission meeting. Signed in Ankara, the agreement aims to improve the investment environment in both countries and make Turkey and Zambia more attractive for investors. Under the treaty, the...
The Saudi Council of Ministers approved the ratification of the income tax treaty with Bahrain. This announcement was made by the Saudi Press Agency on 21 April 2026. Bahrain and Saudi Arabia signed a tax treaty on 3 December 2025. The agreement aims to address double taxation and promote investment. Earlier, the Legislative and Legal...
The UK HM Treasury has issued a statement delivered to Parliament by the Chancellor of the Exchequer, Rachel Reeves, setting out the Government’s economic response to the conflict in the Middle East, including a series of tax-related and energy security measures. Addressing the House, the Chancellor said she was updating MPs following the Spring Meetings...
The French tax authorities issued updated administrative comments, on 22 April 2026, clarifying limitation periods for filing tax claims following a ruling by the French Council of State concerning withholding tax dispute deadlines. Background to the dispute In a decision dated 16 February 2026 (No. 500909), the Conseil d’État examined a challenge brought by a...