Saturday, September 19, 2026
US President Donald Trump is set to impose new tariffs on dozens of countries as early as this week, according to a Financial Times report published yesterday, 21 July 2026, ahead of the expiration of the temporary 10% global tariff on Friday, 24 July 2026. The report said the initial round of tariffs is expected...
The Mauritius Cabinet approved new regulations to support the implementation of its Qualified Domestic Minimum Top-up Tax (QDMTT), providing further guidance on the operation of the domestic minimum tax regime introduced in 2025. The Cabinet agreed to the promulgation of the Income Tax (Qualified Domestic Minimum Top-up Tax) Regulations 2026, which supplement the existing legislative...
Hungary has introduced a revised transfer pricing (TP) documentation framework through Decree No. 45/2025 (XII. 23.) NGM on 9 July 2026, accompanied by guidance from the Ministry of Finance, setting out new documentation and data reporting requirements for tax years beginning in 2026. The new framework aligns Hungary’s TP documentation regime with the OECD’s three-tiered...
Cambodia’s Ministry of Economy and Finance announced, on 16 July 2026, that officials from Brazil and Cambodia met on 15 July 2026 to discuss bilateral cooperation. The two sides agreed to explore formal investment protections, a bilateral free trade agreement, including the possibility of negotiating an income tax treaty. They’re looking at the mechanics of...
Hong Kong Inland Revenue Department (IRD), in an update, reported that Hong Kong and Morocco concluded the second round of negotiations for an income tax treaty on 16 July 2026. This follows IRD’s announcement that Hong Kong and Morocco would conduct a second round of negotiations on an income tax treaty from 13 to 17...
The Dutch government has put forward a comprehensive legislative package designed to refine the Income Tax Act 2001, the Corporate Income Tax Act 1969, the Successions Act 1956, and other tax frameworks. Following this, the government has opened a public consultation on the proposed omnibus tax bill, which runs from 17 July to 10 September...
Mauritius’ Cabinet approved regulations to bring into force the 2024 Protocol amending the India, Mauritius Double Taxation Avoidance Agreement (DTAA). The amending protocol updates the treaty preamble to emphasise the elimination of double taxation without creating opportunities for tax evasion and introduces a principal purpose test to prevent treaty abuse. The protocol will enter into...
Chile’s tax authority (SII), the Ministry of Finance and the General Treasury, announced on 20 July 2026 that they have added 20 municipalities to a forgiveness programme for storm-affected taxpayers, expanding relief to cover individuals and businesses across nine regions hit by recent weather events. This follows Chile’s tax authorities granting automatic tax relief to...
The Irish lower house of Parliament approved the income tax treaty with Liechtenstein on 15 July 2026. Signed on 30 October 2024, the agreement regulates the elimination of double taxation in cross-border situations. It is based on the international OECD standard and takes into account the requirements of the OECD/G20 BEPS project (Base Erosion and...
Malta has published Legal Notice 195 on 14 July 2026, setting out the Individual Tax Programme Rules, 2026, which establish a new framework for granting special tax status to eligible individuals from 1 January 2027. The rules introduce four categories of special tax status: Global Resident Status, EU, EEA, Swiss Resident Status, Retired Pensioner Status,...