Saturday, August 08, 2026
New Zealand Inland Revenue has announced that a new income and capital tax treaty with the UK was signed on 1 June 2026. The treaty applies to New Zealand income tax and to UK income tax, corporation tax and capital gains tax. According to Inland Revenue, the new double taxation agreement (DTA) is intended to...
Ireland and Sweden signed an amending protocol on 3 June 2026 to revise the 1986 income tax treaty, which had previously been updated by the 1993 protocol. The second protocol amending the treaty introduces several key updates. It replaces the preamble in line with OECD BEPS standards, removes specific limitation on benefits provisions from Articles...
The Bulgarian Council of Ministers approved the signing of an income tax treaty with Andorra, together with amendments to the draft agreement that had been agreed in March 2026 on 3 June 2026. The treaty is intended to avoid double taxation on income and strengthen measures to prevent tax evasion and tax avoidance between the...
The Senate of Kazakhstan approved the income and capital tax treaty on 28 May 2026. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. The approval marks the completion of the parliamentary process, and the agreement will now be forwarded to the president for final approval and signing before it...
Iraq’s Council of Ministers approved the income and capital tax treaty with Oman on 25 May 2026. Iraq and Oman signed the income and capital tax treaty on 3 September 2025. The agreement aims to eliminate double taxation and prevent fiscal evasion. The treaty applies to Iraqi income tax, real estate tax, vacant land tax,...
Kuwait has published Decree-Law No. 62 of 2026 in the Official Gazette on 7 June 2026, approving the country’s accession to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The decree completes Kuwait’s domestic approval process for the convention, which the country originally signed on 7...
Germany published the Act Amending the Act on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) in the Official Gazette on 5 June 2026, expanding the scope of Covered Agreements (tax treaties) under the MLI framework. The German Federal Tax Agreement Amendment Act 2026, dated 1...
Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 11396 on 6 June 2026, approving the ratification of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA). The GIR MCAA is designed to enable the automatic exchange of GloBE Information between tax administrations and reduce compliance burdens for Multinational...
Bahrain’s National Bureau for Revenue (NBR) has published a new guide outlining the methodology for calculating Domestic Minimum Top-up Tax (DMTT) liabilities for entities within the scope of the country’s global minimum tax regime. The DMTT Computations Guide sets out the NBR’s current views on the application of the DMTT Law and Executive Regulations and...
Bahrain’s National Bureau for Revenue (NBR) has published the DMTT Transfer Pricing Guide, providing guidance on the application of transfer pricing requirements under Decree-Law No. 11 of 2024, which introduced a global minimum tax through a Domestic Minimum Top-up Tax (DMTT) for Multinational Enterprises (MNEs). Aligning with OECD standards The guide sets out the general...