Morocco proposes CIT and PIT reforms, new import tax advances in Finance Bill 2027

Taxpayers who claim the standard deduction can deduct up to USD 1,000 in qualifying cash donations for 2026, while married couples filing jointly can claim up to USD 2,000 under the Working Families Tax Cuts.

The updated VMI commentary clarifies changes to the participation exemption and capital loss rules taking effect from 1 January 2027. The amendments extend the rules to qualifying interests in foreign limited liability entities in the EEA and tax treaty countries, subject to ownership and other conditions. 

The Australian Taxation Office (ATO) has reminded employers to consider fringe benefits tax (FBT) when organising staff parties, events, recreational activities or gifts. Early planning can help businesses identify tax obligations and avoid unexpected liabilities.

Brazil’s Federal Revenue Service has ruled that isolated stablecoin transactions held abroad are not subject to IOF-Cambio, while separate foreign exchange operations conducted by virtual asset service providers remain taxable. 

The State Tax Inspectorate has approved a revised procedure for Lithuanian taxable persons claiming refunds of value added tax paid elsewhere in the European Union through an online system, with the changes taking effect on 25 November 2026.

Taiwan’s Southern Region National Taxation Bureau clarified when businesses could apply the zero business tax rate to overseas orders, stressing that goods must meet statutory export requirements and that foreign currency payments alone were insufficient.