Saturday, August 08, 2026
The French tax authority has published updated reference interest rates used to determine the deductibility of interest payments to shareholders, including for companies with fiscal years ending between 31 March 2026 and 29 June 2026. Under the French General Tax Code (CGI), interest paid to associates or shareholders for funds provided to a company beyond...
Portugal’s Assembly of the Republic has approved Assembly Decree 69/XVII (Draft Law 64/XVII/1), setting out the transposition of two EU tax cooperation directives covering crypto-assets and global minimum tax reporting, according to the parliamentary publication dated 11 May 2026. The decree implements Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU) 2025/872 (DAC9). It now...
The UK HM Revenue & Customs (HMRC) updated its guidance on “How to report Pillar Two Top-up Taxes” on 14 May 2026, adding details of a testing period for the new information return service ahead of its launch on 19 May 2026. HMRC said the information return service will be tested between 13 and 18...
Hungary’s National Tax and Customs Administration (NAV) has published an explanatory guide to the GloBE Information Return (GIR) XML schema, aligned with OECD definitions, to clarify data reporting requirements under the country’s DAC9 framework. Released on 13 May 2026, the guide details the data points set out in the relevant Ministry of Finance decree and...
Brazil’s tax administration, the Federal Revenue Service (RFB), has broadened access to debt instalment plans by allowing taxpayers to settle non-tax obligations through simplified digital channels through a notice released on 14 May 2026. The reform took effect in October 2025 through an amendment to Normative Instruction RFB No. 2,063/2022. Under the updated regulations, taxpayers...
Kenya’s revenue authority (KRA) released a public notice on 10 April 2026 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans for April, May, and June 2026. The rates remain unchanged from the rates previously announced on 22 January 2026. Fringe benefit tax For...
The Hong Kong Inland Revenue Department released a notice on 14 May 2026 reminding taxpayers and employers of their obligations to provide required tax-related information. Information to be furnished by taxpayers Taxpayers are reminded of their obligations under Sections 51(2), (6), (7) and (8) of the Inland Revenue Ordinance as follows : (a) Section 51(2)...
In an announcement on 13 May 2026, Poland’s Minister of Finance and Economy extended temporary reductions in VAT and excise tax on motor fuels until 31 May 2026, maintaining relief measures initially introduced to counter price volatility stemming from Middle East conflicts. As per earlier reports, the VAT rate on petrol, diesel oil, and biocomponent...
Bolivia’s National Tax Service (SIN) has announced an exceptional extension for tax compliance deadlines affecting the interdepartmental transport industry on 13 May 2026. The new deadline of 15 May 2026 provides additional time for sworn statements and Corporate Profits Tax payments for the 2025 fiscal year. The extension comes in response to temporary service disruptions...
The Australian Taxation Office (ATO) has issued a notice to advisers and taxpayers on 14 May 2026 outlining its key areas of concern regarding research and development (R&D) tax incentive claims. The ATO has also updated its guidance on ensuring R&D claims are made correctly, including a list of specific areas of concern. These are:...