New Zealand: 2026/27 Budget implementation bill proposes R&D tax reforms

Australia’s Senate has passed legislation broadening the foreign resident capital gains tax regime, including an expanded definition of taxable Australian real property, a 365-day lookback test and a 50% CGT discount for eligible renewable energy assets.

Italy’s Revenue Agency has ruled that digital register managers for blockchain-based financial instruments cannot be treated as first-tier banks for tax purposes, preventing them from performing certain investor certification and reporting functions reserved for authorised intermediaries.

The European Commission has dropped plans for a 15% export duty on aluminium scrap following objections from India, opting instead to rely on revised waste shipment rules that will restrict exports of non-hazardous waste to non-OECD countries from May 2027.

The IRS has reminded taxpayers that Direct Pay allows individuals and businesses to make federal tax payments directly from bank accounts without registration or processing fees, with transactions of up to USD 10 million.

Profit-seeking enterprises in Taiwan must pay and file their provisional income tax between 1 and 30 September 2026, the National Taxation Bureau of the Central Area has announced.

The OECD/G20 Inclusive Framework on BEPS has released a Pillar Two Global Minimum Tax package that included a legislative review framework, updates to the GloBE Information Return (GIR) and further Administrative Guidance.