Saturday, August 08, 2026
The Swedish Ministry of Finance has submitted a draft bill proposing a further temporary reduction of tax on petrol and diesel in response to rising fuel prices, with the measure set out in memorandum Fi2026/01131 published on 13 May 2026. The proposal would reduce the carbon dioxide tax on petrol and diesel by SEK 2.40...
The Peru tax authority (SUNAT) has introduced Mutual Agreement Procedure Guidance Version 2.0 (2026) to replace the previous Mutual Agreement Procedure Guidance Version 1.0 (2023). The 2026 version of the Mutual Agreement Procedure (MAP) Guide provides a comprehensive framework for resolving tax disputes arising from the application of Double Taxation Treaties (DTTs) signed by Peru....
Finance Minister Jens Stoltenberg has unveiled Norway’s Revised National Budget for 2026, emphasising economic stability amid global uncertainties. With ongoing trade tensions and conflict in the Middle East creating volatility, the government has opted for modest tax adjustments rather than sweeping reforms. While there is no broad overhaul of corporate income tax rates, the budget...
The Portuguese Tax and Customs Authority has extended the deadline for submitting the annual corporate income tax return (Modelo 22) and the corresponding payment for the 2025 tax year to 19 June 2026, without any penalties or surcharges. The extension was set out in Order No. 68/2026-XXV-SEAF of 12 May 2026 and applies to taxpayers...
The US Court of Appeals for the Federal Circuit issued a short-term administrative stay on 12 May 2026, temporarily halting injunctions against the Trump administration’s 10% global tariff that was imposed under Section 122 of the Trade Act of 1974. On 7 May 2026, the Court of International Trade issued an Opinion and Order which...
The Court of Justice of the European Union (CJEU) delivered its judgment on 13 May 2026 in Stellantis Portugal, S.A. v Autoridade Tributária e Aduaneira (Case C-603/24) concerning whether intra-group transfer pricing adjustments are subject to VAT. The case involved Stellantis Portugal, S.A., as the legal successor of Opel Portugal, Lda., formerly General Motors Portugal...
The Belarus Council of the Republic (upper house of the National Assembly) has approved the ratification of the income tax treaty with Jordan on 11 May 2026. Signed on 16 December 2025, this treaty is aimed at preventing double taxation and facilitating economic cooperation between the nations. It will enter into force after the exchange...
Jamaica’s tax administration (TAJ) announced on 13 April 2026 that the Income Tax threshold (tax-free amount) was increased to JMD 1,902,360, up from JMD 1,799,376, effective 1 April 2026. This adjustment is in keeping with the announcement made by the Minister of Finance and the Public Service, the Hon. Fayval Williams, during the 2025 Budget...
The income and capital tax treaty between Liechtenstein and Montenegro entered into force today, 13 May 2026. The agreement applies to Montenegrin personal income tax, corporate profit tax, and immovable property tax. It also applies to Liechtenstein personal income tax, corporate income tax, real estate capital gains tax, and wealth tax. Withholding tax rates for...
The European Commission has approved Ireland’s enhancement of the Section 481 Film Tax Credit, known as the Visual Effects (VFX) Uplift, via a State aid authorisation published in the Official Journal of the European Union on 12 May 2026. The measure, introduced through the Finance Act 2025, provides a 40% tax credit for qualifying VFX...