Posts by: RF Report


UK: HMRC consults VAT relief for social housing land

The UK’s  His Majesty Revenue and Customs (HMRC) has launched a public consultation on the VAT treatment of land sales intended for the construction of new social housing, including a proposal to introduce a new VAT zero-rate on 23 June 2026. The consultation seeks views on the proposed VAT zero-rate for land intended for the...

UK: HMRC proposes capital gains tax relief changes for business asset gifts

The UK’s His Majesty’s Revenue and Customs (HMRC) has published a policy paper and draft legislation setting out reforms to the Capital Gains Tax (CGT) relief available for gifts of business assets. The policy paper, published on 23 June 2026, affects individuals making gifts of shares or securities in a trading company or the holding...

Ireland: Revenue updates dividend withholding tax guidance

Ireland’s Revenue has issued updated guidance on the operation of the Dividend Withholding Tax (DWT) regime. Tax and Duty Manual Part 06-08a-01 Dividend Withholding Tax – Details of Scheme, which provides guidance in respect of the operation of DWT, has been updated to set out the circumstances in which distributions may be paid, either directly...

UK consults mandatory registration for customs intermediaries

The UK’s  HMRC has launched a consultation on plans to introduce mandatory registration for customs intermediaries that submit customs declarations on behalf of traders, as part of wider efforts to improve compliance, protect revenue and strengthen confidence in the customs system. Published by HM Revenue & Customs (HMRC) on 23 June 2026, the consultation seeks...

Malaysia, Switzerland end second round negotiations to update income tax treaty

Malaysia’s Ministry of Finance announced on 27 June 2026 that Malaysia and Switzerland have completed the second round of negotiations to amend the 1974 tax treaty, held from 22 to 25 June 2026. The negotiation is aimed at modernising their 50-year-old double taxation avoidance agreement (DTA) and aligning it with current international tax standards. The...

Norway removes temporary tax priority exemption in restructuring cases

On 9 June 2026, the parliament adopted new rules on reconstruction in the Bankruptcy Act. The rules will replace the temporary Reconstruction Act when they enter into force. The announcement was made by the Norwegian government in a Ministry of Finance release on 25 June 2026, following approval by the Parliament (Storting) on 9 June...

Canada, Uruguay sign customs mutual assistance agreement 

The Canada Border Services Agency announced the signing of a customs mutual assistance agreement with Uruguay on 25 June 2026. Erin O’Gorman, President of Canada Border Services Agency (CBSA), together with His Excellency Pablo Sader, Uruguayan Ambassador to Belgium and Luxembourg and the Mission to the European Union signed a Customs Mutual Assistance Agreement (CMAA)...

Belgium to hand over PEPPOL authority to the finance ministry in 2027

Belgium’s digital infrastructure overhaul continues with a significant administrative reshuffle. The Federal Public Service Finance (FPS Finance) will take control of the Belgian Peppol Authority from 2027, assuming responsibilities held by the Belgian Federal Public Service Strategy and Support (BOSA) since the authority’s inception in late 2015. This announcement was confirmed by BOSA on 25...

Lithuania aligns import VAT payment deadline with customs duty rules from July 2026

Lithuania has amended its Law on Value Added Tax (VAT) to align the payment deadline for import VAT with the deadline applicable to customs duties where the special import VAT procedure is used. The changes were introduced under Law No. XV-984, adopted on 4 June 2026 in Vilnius. It amends Article 115(17) of the Law...

Thailand extends e-tax, e-withholding tax incentives until end of 2027

Thailand’s Cabinet has approved a two-year extension of tax measures designed to encourage wider adoption of the country’s electronic tax system, including incentives for investment in electronic tax infrastructure and continued preferential rates under the e-Withholding Tax system. The decision, approved on 16 June 2026, follows proposals by the Ministry of Finance through the Revenue...