Saturday, June 27, 2026
The Belarus–Jordan income tax treaty entered into force on 8 June 2026 and will apply from 1 January 2027 for withholding and other taxes. Signed on 16 December 2025, the treaty seeks to prevent double taxation and promote economic cooperation between the two countries. It also eliminates double taxation on income, profits, and personal income...
Italy’s Supreme Court, in Ordinance No. 16134 of 25 May 2026, held that relief from double taxation under the Italy–Germany income and capital tax treaty cannot be refused solely because the taxpayer failed to file an Italian tax return or omitted the relevant foreign income from the return submitted. Ordinance No. 16134 establishes a significant...
Chile’s tax administration (SII) has issued Ruling No. 1407-2026 on 10 June 2026 outlining the tax implications regarding fraudulent or unreliable invoices in relation to Value Added Tax (VAT) and Income Tax. It clarifies that while falsified documents generally disqualify a business from claiming tax credits, exceptions exist if specific payment verification methods are followed....
Taiwan’s National Taxation Bureau of the Central Area, Ministry of Finance ( NTBCA) stated, on 5 June 2026, that the renewed “Agreement between the Taipei Representative Office in Singapore and the Singapore Trade Office in Taipei for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and...
Sweden’s parliament (Riksdag) has approved legislation on 11 June 2026, introducing a series of changes to the country’s tonnage tax regime, expanding its scope and providing greater operational flexibility for shipping companies. The amendments, contained in Bill Prop. 2025/26:243, were backed by the Swedish Tax Committee and are intended to improve the competitiveness of the...
Germany’s Federal Ministry of Finance has issued updated guidance on the determination of a Permanent Establishment (PE), setting out the administrative principles for assessing when a business presence constitutes a PE under domestic tax law and international tax treaties. The guidance, published on 18 June 2026, explains the conditions for establishing a PE under section...
Ukraine’s Parliament has approved a law to introduce the international automatic exchange of information on income earned through digital platforms and to establish rules for the taxation of such income, bringing the country closer to OECD reporting standards. Draft Law No. 15111-d was adopted by the Verkhovna Rada on 9 June 2026 and was sent...
Cyprus has pushed back the filing deadline for 2025 individual income tax returns to 31 October 2026, giving taxpayers extended time to prepare and submit their annual declarations without triggering penalties. The Council of Ministers issued the extension via Decree K.D.P. 260/2026 on 12 June 2026, formally published in the Official Gazette. The extended deadline...
Finland will formally suspend its income tax treaty with Russia effective 1 July 2026, aligning with Russia’s August 2023 decision to suspend reciprocal application. Up until now, Finland maintained the treaty unilaterally despite the lack of mutual obligation, but has now decided to discontinue this one-sided approach. The suspension means both nations will revert to...
Hong Kong’s government welcomed the passage of the Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026 by the Legislative Council on 17 June 2026, to enhance the administrative framework for the automatic exchange of information in tax matters (AEOI) in Hong Kong. This follows Hong Kong’s Legislative Council announcing on 15 June 2026 that...