Saturday, August 08, 2026
Germany and Ukraine signed an income tax treaty on 19 May 2026, updating their existing tax arrangements in line with current international taxation standards, including the OECD/G20 Base Erosion and Profit Shifting (BEPS) recommendations. The agreement revises tax rates on passive income, strengthens provisions for the exchange of tax information, and introduces procedures for the...
Bolivia’s National Tax Service (SIN) announced on 18 May 2026 that it has reinforced its commitment to digital modernisation following its participation in a major regional gathering focused on transforming tax administration across the Americas. Regional knowledge exchange in the Dominican Republic The SIN took part in the 60th General Assembly of the Inter-American Centre...
The UK’s His Majesty’s Revenue and Customs (HMRC) has opened a consultation on 18 May 2026 about the draft regulations designed to support the application of inheritance tax (IHT) to unused pension funds. This technical consultation seeks comments on the draft secondary legislation on changes to the information sharing regulations in connection with Inheritance Tax...
Belgium’s tax authorities have updated the FAQs about e-invoicing. As of July 2025, Belgian businesses are required to send and receive invoices electronically. This follows the announcement by Belgium’s Federal Public Service (SPF) Finance on 2 April 2026 that the three-month grace period for mandatory electronic invoicing, which began on 1 January 2026, had ended....
Argentina’s Ministry of Economy has provided an update on the status of several international tax treaty negotiations currently underway. The country is working to establish and strengthen fiscal agreements with nations across multiple continents. The ministry confirmed that Argentina is actively negotiating with seven countries to establish or modernise tax agreements. These discussions include work...
Kenya’s Finance Bill, 2026, introduces significant updates to Country-by-Country (CbC) reporting through amendments to the Income Tax Act. These changes focus on refining definitions and aligning statutory references to ensure clarity and compliance within multinational enterprise (MNE) groups. Technical amendments to definitions The Bill proposes technical adjustments to the definitions governing CbC reporting to provide...
The General Tax Administration (AGT) of Angola has announced an extension for taxpayers struggling to meet their Value Added Tax obligations for March 2026. The original deadline of 15 May 2026 has been pushed back by one week to 22 May 2026, providing relief to businesses affected by technical difficulties. The extension comes in response...
The Italian Ministry of Finance confirmed, on 19 May 2026, that Italy has joined the common understanding on GloBE Information Return filing under Pillar Two. Countries implementing the Global Minimum Tax from 2024 onwards, including Italy, have adopted a unified approach to preserve the efficiency benefits of centralised GIR submissions. This collaborative framework aims to...
The Australian Taxation Office (ATO) has published guidance on Pillar Two account and role creation on 19 May 2026. In March, the ATO published information about how MNE groups and their advisers could prepare for Pillar Two (global and domestic minimum tax) lodgments and obligations. This included information about Pillar Two registrations. For most in-scope...
The OECD has released crucial administrative guidance to help multinational corporations navigate the complex filing requirements of the Pillar Two Global Minimum Tax, addressing concerns about meeting the upcoming 30 June 2026 deadline. Under the new common understanding published on 18 May 2026, jurisdictions implementing the Global Minimum Tax from 2024 have agreed to provide...