Switzerland: FTA sets 2026 Safe-Harbour rates for related-party loans
The Swiss Federal Tax Administration ( FTA) has released circulars outlining the safe-harbour interest rates for loans between shareholders and related parties. The circular covering loans in Swiss Francs (CHF) was issued on 29 January 2026,
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Switzerland to adopt FATCA Model 1 with US from 2028
Switzerland’s transition to a Foreign Account Tax Compliance Act (FATCA) Model 1 agreement with the United States is now expected to take effect on 1 January 2028, one year later than previously anticipated, the State Secretariat for International
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Belarus announces corporate tax reforms for 2026
The Belarus Ministry of Taxes and Duties has announced a wide-ranging package of tax measures affecting companies from 1 January 2026, reshaping corporate taxation, sector-specific rates, and compliance requirements. The changes span corporate
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Curacao, Cyprus tax treaty enters into force
The Curacao–Cyprus Income Tax Treaty (2025) will enter into force starting 28 February 2026. Signed on 23 April 2025, the agreement is based on the OECD Model Tax Convention (2017 Model). The treaty applies to various taxes, including Cyprus
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Saudi Arabia, Iceland income tax treaty enters into force
The income tax treaty between Iceland and Saudi Arabia entered into force from 1 January 2025. Signed on 4 December 2024, the agreement aims to prevent double taxation and is expected to encourage trade and investment by addressing tax
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Luxembourg: Council of State approves amending protocol to tax treaty with San Marino
Luxembourg’s Council of State has approved the ratification of the amending protocol to the 2006 income and capital tax treaty with San Marino on 20 January 2026. The two countries signed an amending protocol to their 2006 tax treaty on 14 May
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UK: Treasury consults on new electric vehicle excise duty
The UK Treasury has opened a public consultation on introducing an electric vehicle excise duty (eVED), as announced in the Autumn 2025 Budget. Autumn Budget 2025 announces the introduction of eVED for electric and plug-in hybrid electric cars,
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OECD publishes transfer pricing profiles for eight countries
The OECD has published the revised transfer pricing country profiles, including profiles for Bosnia and Herzegovina, Brazil, Costa Rica, Croatia, Greece, Iceland, Korea (Rep.), and Norway on 22 January 2026. These profiles focus on countries'
See MoreSwitzerland updates CbC reporting list
Switzerland has updated its list of jurisdictions for the automatic exchange of Country-by-Country (CbC) reports under the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (CbC MCAA). Decision No. RO
See MoreUK: HMRC updates guidance on transfer pricing, PE rules, diverted profits tax
The UK tax authority, His Majesty's Revenue and Customs (HMRC) has updated its International Manual, providing revised guidance on key taxation areas affecting multinational companies. The updates, published on 16 January 2026, include the
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Georgia updates excise duty framework for tobacco products
Georgia has amended its excise duty framework for tobacco and tobacco products, introducing both reduced and increased rates depending on production volume and origin. No. Product HS Code Description Unit Excise Rate (%) 3 Tobacco,
See MoreUK: Scotland presents 2026-27 budget, proposes new levies
Scotland’s Cabinet Secretary for Finance and Local Government presented the 2026-27 State Budget to the parliament on 13 January 2026. The Budget’s key proposals include higher personal income tax brackets and the introduction of new levies,
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Andorra ratifies income tax treaty with Estonia
Andorra has gazetted the ratification of the income and capital tax treaty with Estonia on 13 January 2026. Signed on 23 September 2025, the agreement seeks to eliminate double taxation on income and capital while preventing tax evasion. It
See MoreUK: HMRC updates anti-money laundering guidance
HM Revenue & Customs (HMRC) has issued updated guidance for the accountancy sector on compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The guidance applies to all
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Montenegro ratifies BEPS Multilateral Instrument, covering 40 tax treaties
Montenegro has taken a further step toward implementing the OECD/G20 Base Erosion and Profit Shifting (BEPS) Multilateral Instrument (MLI), with its provisional list of reservations and notifications indicating that 40 of its tax treaties will be
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Denmark issues consolidated rules on tax-free business conversions
The Danish Official Gazette published Executive Order No. 24/2026 on 13 January, proclaiming the consolidated text of the Act on Tax-Free Business Conversion. The consolidation incorporates amendments introduced by Act No. 1576 of 27 December 2019,
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New tax treaty between Romania, UK enters into force
A new income and capital tax treaty between Romania and the UK, signed on 13 November 2024, entered into force on 22 December 2025, replacing the 1975 treaty. The agreement covers Romanian income and profit taxes, as well as UK income tax,
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Sweden joins GIR MCAA
The OECD announced that Sweden signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 4 November 2025. The Global Anti-Base Erosion (GloBE) Model Rules require each Constituent Entity of an MNE
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