New Zealand's Inland Revenue has launched a consultation seeking feedback on the design of a new digital services tax (DST).

The Inland Revenue Authority of Singapore has released new transfer pricing guidance on determining the economic value of taxpayers' commodity marketing and trading activities in Singapore.

On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan.

The Czech Ministry of Finance announced on May 31, 2019, a legislative package to implement the European Union directive on the mandatory reporting of tax planning arrangements and the EU VAT "quick fixes."

The 129 member states party to the OECD's Inclusive Framework on Base Erosion and Profit Shifting has agreed a work program on how to achieve a new global agreement for taxing multinational enterprises, by resolving the tax challenges from the digitalization of the economy.

The Bahamas announced a number of significant reforms in its 2019/20 Budget, released on May 29, 2019, including a new tax on banks, which will replace annual fees, and new VAT obligations on online marketplaces and the removal of VAT on exported services.

On May 26, 2019, South African President Cyril Ramaphosa signed into law the Carbon Tax Act No 15 of 2019, which came into effect on June 1, 2019, as announced by the Minister of Finance in the 2019 Budget.

On May 16, 2019, Poland's Ministry of Finance launched a public consultation on proposals to introduce a VAT split payment mechanism on a mandatory basis for certain suppliers.

A review of the deemed repatriation tax under the United States Tax Cuts and Jobs Act 2017 by the Treasury Inspector General for Tax Administration has found that the Internal Revenue Service encountered significant problems administering the retroactive components of the tax.

Three Democratic members of the United States Senate have introduced two tax bills designed to discourage US companies from shifting their operations overseas and establishing arrangements in low-tax jurisdictions.

On May 22, 2019, the German Cabinet approved a draft law providing a new tax subsidy for expenditure on research and development projects.

New Zealand's 2019 Budget, released on May 30, 2019, included no new announcements beyond those released ahead of the Budget on May 17.

The Filipino Government has said it is planning to launch its proposed estate tax amnesty next month.

On May 28, 2019, Dutch State Secretary for Finance Menno Snel issued an update on the Government's 2019 fiscal agenda, which includes an outline of tax legislative proposals that the Government intends to submit to parliament in the remainder of the year.

The UK Government has published for consultation draft regulations for the "Offshore receipts in respect of intangible property measure," added to UK law via Schedule 3 to the Finance Act 2019.