Saturday, August 08, 2026
The South African Revenue Service (SARS) has published an updated version of its Interest Rates – Table 3, confirming that the official rate of interest for income tax purposes has increased from 7.75% to 8.00% with effect from 1 June 2026. The official rate of interest is a key benchmark used in South Africa’s tax...
Portugal has published Law No. 26/2026 of 3 June 2026, implementing Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU) 2025/872 (DAC9). The legislation establishes a comprehensive framework for administrative cooperation in tax matters, with a particular focus on crypto-assets and the exchange of information relating to the global minimum tax regime. The law aligns...
The UK government has launched a consultation on suspending tariffs on more than 100 everyday essentials and has confirmed an increase in mileage rates for workers using their own vehicles for business use. The package, published by HM Treasury on 27 May 2026 and announced alongside The Rt Hon Rachel Reeves MP and The Rt...
Spain’s Ministry of Finance has published a Draft Ministerial Order that proposes amendments to Order HFP/115/2023 of 9 February 2023, which currently defines the list of countries, territories, and harmful tax regimes considered non-cooperative jurisdictions. Key changes to the list The proposal includes the removal of six jurisdictions or specific regimes: Barbados Dominica Gibraltar Samoa...
Bolivia’s National Tax Service has published Resolución Normativa de Directorio (RND) Nº 102600000016 on 27 May 2026, updating its list of jurisdictions considered to have low or zero taxation for tax control and transfer pricing purposes. The resolution, which entered into force upon its official publication on 29 May 2026, is based on provisions under...
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, stated that the Controlled Foreign Corporation (hereinafter referred to as CFC) system has been in effect since 2023. Profit-seeking enterprises reporting CFC’s losses must provide the CFC’s financial statements within the income tax filing deadline to be eligible for deduction of assessed losses incurred in the...
Irish Revenue issued eBrief No. 097/26 on 21 May 2026, relating to updates to Tax and Duty Manual 41A-05-04 on Full self-assessment. The manual sets out the authority of Revenue officers to conduct enquiries, the time limits within which such enquiries may be made, and the statutory time limits applicable for Revenue to make or...
The Inland Revenue Authority of Singapore has published updated guidance on Changing GST accounting periods. The update includes an overall restructuring to improve readability, including a clearer example on Special Accounting Periods, along with a new section on how to request changes to GST accounting periods. To change GST accounting periods in Singapore, a written...
Belgium has gazetted the Programme Law of 30 May 2026 on 1 June 2026, a comprehensive legislative act designed to implement diverse fiscal and administrative reforms. This legislation introduces significant taxation adjustments, specifically targeting air travel, insurance, and banking sectors, while also modifying income tax rules for copyright revenue and dividends. Withholding tax on liquidation...
Denmark has published the four-party government coalition policy agreement on 2 June 2026, setting out a broad package of proposed tax reforms aimed at increasing national wealth, strengthening competitiveness, and encouraging work and investment. The measures cover Corporate Tax, Individual Income Tax, VAT, Estate/Inheritance Tax, and a range of environmental and sector-specific taxes. Corporate and...