Saturday, September 19, 2026
The OECD has published a report titled “Revenue Statistics in Asia and the Pacific 2026,” on 30 June 2026, which delivers a comprehensive analysis of fiscal trends and tax revenues across 38 economies from 1990 to 2024. This report utilises a standardised methodology to present internationally comparable data, highlighting that the regional average tax-to-GDP ratio...
Bosnia and Herzegovina has adopted a regulation establishing the procedures for VAT refunds on the first supply of residential property for eligible first-time home buyers. The rules apply to purchases of newly built residential properties subject to VAT and define who can claim the refund, how it is calculated, and the obligations applicants must meet...
The UK’s HM Revenue & Customs (HMRC) has published a memorandum of understanding (MoU) with Sweden setting out the arbitration procedures under Article 23 of the 2015 UK-Sweden Double Taxation Convention, as amended by the 2021 Protocol. The MoU was signed on 9 June 2026 and announced on 30 June 2026. The memorandum provides detailed...
Germany published the Ninth Act Amending Provisions in Tax Consultancy Law and Tax Law in the Official Gazette on 2 July 2026. The legislation introduces extensive reforms to the regulation of tax advisors and tax advisory organisations while amending several tax laws, including the Real Estate Transfer Tax Act, Trade Tax Act, Fiscal Code and...
The Swedish government has proposed reforms to simplify Value Added Tax (VAT) rules for second-hand goods and food donations, with amendments to the Value Added Tax Act (2023:200) aimed at reducing administrative burdens for businesses while supporting reuse and reducing food waste. The legislative proposal was published on 2 July 2026 and referred to the...
Cyprus and Sweden signed an amending protocol to their income tax treaty on 3 July 2026 in Lefkosia, with Cyprus Minister of Finance Makis Keravnos and Swedish Ambassador Martin Hagström serving as signatories. The protocol marks the first revision to the original treaty, which was signed on 25 October 1988. The update aligns the 1988...
Chile’s government announced that President José Antonio Kast and Paraguayan President Santiago Peña signed a new income and capital tax treaty on 1 July 2026. The new trade agreement with Paraguay eliminates double taxation on the same income and assets, providing greater legal certainty for workers and businesses in both countries. It also introduces modern...
The OECD has released its latest annual report on the Tax Inspectors Without Borders (TIWB) initiative on 2 July 2026, highlighting continued progress in helping developing countries strengthen tax administration and audit capacity. The report outlines the initiative’s role in improving tax compliance, mobilising domestic revenue, and supporting governments in funding essential public services and...
France’s Tax Authority issued guidance on 30 June 2026 on the exceptional (differential) contribution on higher-income households, providing further details on the operation of the measure introduced by the Finance Law for 2025 and extended under the Finance Law for 2026. The guidance explains which taxpayers are subject to the contribution, the circumstances in which...
Puerto Rico Department of the Treasury has published Internal Revenue Circular Letter No. 26-13 on 30 June 2026, which details the mandatory integration of municipal sales and use tax (IVU) into the Unified Internal Revenue System (SURI). Starting in July 2026, merchants operating in participating municipalities must use a consolidated digital platform to file their...