UK: HMRC clarifies electricity generator levy increase to 55% from July 2026
The UK’s HM Revenue & Customs has published a policy paper providing clarification of the increase in the Electricity Generator Levy (EGL) on 17 June 2026. As previously announced, the EGL rate will rise from 45% to 55% with effect from 1
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New tax treaty between Argentina, Austria enters into force
The new income and capital tax treaty between Argentina and Austria, signed on 6 December 2019, went into effect on 12 June 2026, replacing the 1979 agreement that terminated on 1 January 2009. The treaty governs taxation of corporate profits,
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Italy sets 2026 conventional wages for expatriate workers
Italy has gazetted the Decree of 29 May 2026 on 11 June 2026, establishing the 2026 conventional remuneration levels used for both social security contributions and income tax calculations for Italian workers employed abroad. The decree, adopted
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Switzerland: Parliament approves VAT hike to support AHV pension costs
Switzerland's parliament has approved a constitutional amendment that will allow an increase in Value Added Tax (VAT) rates from 2028 to help finance the country's newly introduced 13th monthly pension payment under the Old-Age and Survivors'
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Luxembourg clarifies Pillar Two compliance, registration, transitional requirements
Luxembourg’s Administration of Direct Contributions (ACD), on 17 June 2026, published a Frequently Asked Questions (FAQ) document providing further guidance on the implementation of the Pillar Two Law of 22 December 2023 on minimum effective
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Slovak Republic to sign new income tax treaty with Sri Lanka
The government of the Slovak Republic has approved the signing of a new income tax treaty with Sri Lanka via Resolution 251/2026 on 17 June 2026. The agreement is intended to eliminate double taxation, strengthen economic cooperation, and curb
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Slovak Republic to sign new income tax treaty with Egypt
The government of the Slovak Republic approved the signing of a new income tax treaty with Egypt via Resolution 252/2026 on 17 June 2026. The agreement is intended to eliminate double taxation, enhance economic cooperation, and combat tax evasion
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Finland establishes permanent tax residency framework for foreign investment funds
The President of Finland ratified a law that brings amendments to the Income Tax Act concerning the tax residency rules for certain foreign investment funds on 16 June 2026. Under Finland’s general rules, a foreign entity can be treated as a
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CJEU Advocate General supports Luxembourg’s ATAD transposition on securitisation entities from interest limitation rules
The Advocate General (AG) Juliane Kokott of the Court of Justice of the European Union (CJEU) has issued her opinion in Case C-138/24, involving an infringement claim by the European Commission against the Grand Duchy of Luxembourg on 18 June
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Turkey: Revenue Administration updates guidance on accommodation tax rules
Turkey's Revenue Administration, on 19 June 2026, published an updated Accommodation Tax Guide, providing revised explanations and examples on the application of the Accommodation Tax (Konaklama Vergisi) following a temporary reduction in the tax
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Sweden expands tonnage tax regime, eases rules for shipping companies
Sweden's Parliament has approved a package of reforms to the country's tonnage taxation system, broadening access to the regime and introducing more flexible rules for shipping companies. The legislation was adopted on 11 June 2026 and is
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Poland gazettes notice identifying 44 jurisdictions with QIIR, 49 with QDMTT under GloBE rules
Poland has issued a notice identifying jurisdictions, other than Poland, that have introduced a qualified income inclusion rule (QIIR) or a qualified domestic minimum top-up tax (QDMTT), or that satisfy the QDMTT safe harbour conditions. The notice,
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Germany updates guidance on permanent establishments under domestic, international tax law
Germany’s Ministry of Finance has published updated administrative principles on the concept and establishment of permanent establishments (PEs) under domestic and international tax law, providing detailed guidance for both resident and
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US announces initiation of Section 301 investigation of Germany’s underpayment for pharmaceuticals
The US Trade Representative Jamieson Greer initiated an investigation under Section 301 of the Trade Act of 1974 against Germany on 18 June 2026. This investigation will seek to determine whether persistent underpayment for innovative
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Belarus-Jordan income tax treaty enters into force
The Belarus–Jordan income tax treaty entered into force on 8 June 2026 and will apply from 1 January 2027 for withholding and other taxes. Signed on 16 December 2025, the treaty seeks to prevent double taxation and promote economic cooperation
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Italy: Supreme Court rules treaty rights override domestic filing requirements in double taxation cases
Italy’s Supreme Court, in Ordinance No. 16134 of 25 May 2026, held that relief from double taxation under the Italy–Germany income and capital tax treaty cannot be refused solely because the taxpayer failed to file an Italian tax return or
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Sweden approves expansion of tonnage tax regime for specialised shipping activities
Sweden’s parliament (Riksdag) has approved legislation on 11 June 2026, introducing a series of changes to the country’s tonnage tax regime, expanding its scope and providing greater operational flexibility for shipping companies. The
See MoreGermany clarifies permanent establishment rules in updated tax guidance
Germany's Federal Ministry of Finance has issued updated guidance on the determination of a Permanent Establishment (PE), setting out the administrative principles for assessing when a business presence constitutes a PE under domestic tax law and
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