Saturday, August 08, 2026
The UK’s His Majesty’s Revenue and Customs (HMRC) has published an Advance Tax Certainty Service Manual on 1 June 2026 to support both taxpayers and HMRC staff in operating the new Advance Tax Certainty Service. The manual provides structured guidance across key areas, including: ATCS01000 – Advance tax certainty (contents) ATCS02000 – Eligibility and scope...
The Inland Revenue Authority of Singapore (IRAS) has updated its Transfer Pricing Guidelines (Ninth Edition), released on 4 June 2026, to clarify the treatment of share-based compensation costs under the Transactional Net Margin Method (TNMM). The update introduces a new frequently asked question addressing whether share-based compensation should be included in the cost base when...
Singapore’s Ministry of Finance is seeking public feedback from 8 June to 1 July 2026 on the proposed Finance (Income Taxes) Bill 2026. The Bill proposes 20 amendments to the Income Tax Act 1947 (ITA) and two amendments to the Multinational Enterprise (Minimum Tax) Act 2024 (“MMTA”) to effect: Tax measures announced at Budget 2026...
Norway’s Ministry of Finance opened a public consultation on 3 June 2026 regarding amendments to Regulations No. 1379 (1 July 2025) on non-cooperative jurisdictions for tax purposes. The consultation period closes on 17 June 2026, providing stakeholders with a two-week window to submit feedback (Ministry Reference: 26/2236). This consultation process reflects Norway’s commitment to EEA...
The Slovak Republic’s Ministry of Finance has unveiled a softened approach to the upcoming e-invoicing mandate through a draft VAT Act amendment currently under review. The proposal seeks to balance regulatory compliance with business readiness by phasing in requirements and providing a penalty-free window. Delayed reporting and transitional relief The draft amendment to VAT Act...
Peru’s Ministry of Foreign Affairs has announced that officials from the Netherlands and Peru signed an Agreement on Mutual Administrative Assistance in Customs Matters on 4 June 2026. The agreement will facilitate the exchange of information between customs authorities, streamline the flow of legitimate trade, combat customs fraud more effectively, and allow progress toward more...
The OECD announced that the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) was signed by Barbados and Cyprus on 12 May 2026, by the Czech Republic on 11 May 2026, and by Romania on 9 April 2026. A key part of the OECD/G20 BEPS Project is addressing the tax challenges...
The Slovak Republic’s Ministry of Finance announced that it is advancing a modernised VAT framework designed to streamline compliance, level the competitive playing field between traditional and digital service providers, and strengthen anti-fraud safeguards. The draft amendment, submitted for interdepartmental review on 27 May 2026, addresses gaps exposed by the growth of platform-based commerce and...
Finland’s President has signed the law suspending the implementing Act for the 1996 tax treaty with Russia on 29 May 2026, according to an update from the Finnish government. As previously reported, Finland had already notified Russia that the treaty would be suspended with effect from 1 July 2026. Russia has suspended the application of...
Bolivia’s National Tax Service (NTS) has announced the implementation of Law No. 1733 of 27 May 2026, which introduces a tax relief programme to help taxpayers settle outstanding historical tax liabilities through automatic full debt forgiveness and tax regularisation measures. The law mandates the extraordinary pardon of tax debts and fines incurred prior to 2018...