US: Trump Administration invokes century-old law to hit Canada with 50% tariffs

The Dutch government has launched public consultation on the proposed Omnibus Tax Act 2028, which would amend the Income Tax Act 2001, Corporate Income Tax Act 1969, and Successions Act 1956 to streamline administrative procedures across business succession, excessive borrowing restrictions, hybrid entity taxation, reorganisation facilities, and pension withholding obligations.

Chile has expanded tax relief for storm-affected taxpayers by adding 20 more municipalities to its forgiveness programme, allowing eligible individuals and businesses to defer key tax payments without interest or penalties as the total coverage rises to 55 municipalities across nine regions

The Inland Revenue Authority of Singapore (IRAS) has refreshed its GST audit guidance, highlighting four key compliance risk areas while introducing clearer explanations of taxpayers' obligations, common errors, enforcement actions and penalties. The updated guidance also encourages businesses to review their GST reporting and make voluntary disclosures where mistakes are identified to mitigate potential penalties.

The UK government will remove the 5% VAT rate on domestic electricity bills from October 1 for the remainder of the 2026-27 financial year, with the measure funded through the cancellation of the GBP 1.8 billion Digital ID programme.

SARS has published details of its Advance Pricing Agreement (APA) programme, setting out the objectives, eligibility criteria and application framework for a bilateral pilot due to launch in 2026.

Indonesia's parliament approved legislation on establishing international financial centres with a 50-year tax holiday for qualifying investors, targeting IDR 500 trillion in capital inflows.