Qatar: GTA opens registration for global, domestic minimum tax (Pillar Two) on Dhareeba platform

03 August, 2026

Qatar's General Tax Authority has launched the Pillar Two Registration Service on the Dhareeba platform and published new compliance guidance, marking a key milestone in implementing the country's global minimum...

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Malaysia issues transfer pricing guidelines for intra-group loans

03 August, 2026

Malaysia's Inland Revenue Board published new Transfer Pricing Guidelines for Intra-Group Loans, setting out how taxpayers should apply the arm's length principle to related-party financing, including the characterisation of debt and equity, pricing methodologies, documentation requirements and compliance obligations.

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UK updates guidance on transitional approach to Pillar Two GIR filing, exchange

03 August, 2026

Under the updated framework, eligible multinational groups that centrally file their GIR in a participating jurisdiction and submit a timely Overseas Return Notification (ORN) will generally not be required to submit a separate UK GIR.

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US: IRS grants Form 990 filing relief to foreign FIFA World Cup 2026 participants

03 August, 2026

The IRS issued Revenue Procedure 2026-28 on 24 July 2026, relieving foreign FIFA member associations competing in the 2026 World Cup from annual Form 990, 990-EZ, and 990-N filings for tax years beginning on or after 1 January 2025, provided their only US-source income comes from tournament participation.ย 

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Belgium amends withholding tax rules following personal income tax reform

03 August, 2026

Belgium's Federal Public Service Finance published the Royal Decree of 24 July 2026 in the Official Gazette on 30 July 2026, amending Annex III to raise the additional-work hours threshold to 180 hours, increase the very-low-wage employment bonus component to 63%, and extend the withholding tax correction mechanism to lump-sum alimony paid to non-residents.ย 

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Brazil: RFB, CGIBS set mandatory issuance schedule for tax documents under Consumption Tax Reform

03 August, 2026

The Brazilian Federal Revenue Service and CGIBS approved Joint Act RFB/CGIBS No. 4 on 30 July 2026, setting a phased schedule running from 3 August 2026 through 1 January 2027 for mandatory issuance of electronic tax documents including NF-e, NFS-e, CT-e and Duimp, alongside a 2026 compliance programme offering cooperative taxpayers extra time to regularise their obligations.

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Brazil to ease mandatory tax information requirements in electronic fiscal documents

03 August, 2026

Brazil's Federal Revenue Service (Receita Federal) and the IBS Management Committee (CGIBS) will suspend the mandatory completion of CBS and IBS fields in electronic fiscal documents, with revised validation rules ensuring documents are not rejected if those fields are left blank during the transition to the country's Consumption Tax Reform.

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EU extends suspension of the EU rebalancing measures against the US

03 August, 2026

The European Commission adopted an Implementing Regulation on 31 July 2026 extending, without an end date, the suspension of EU rebalancing measures covering EUR 93 billion of US imports, first introduced under Regulation 2025/1564 in response to threatened US tariffs, while reserving the right to reactivate the measures if needed to defend EU interests.ย 

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Lebanon raises threshold for exceptional tax on profits

03 August, 2026

New implementation rules increase the eligibility threshold for the 17% exceptional tax on Sayrafa profits and set out filing, reporting, payment and refund procedures for taxpayers and banks.ย 

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Lebanon grants tax penalty reductions on eligible assessments until end-2026

03 August, 2026

Lebanon's Ministry of Finance has introduced reductions in tax penalties for eligible tax assessments issued from 16 November 2022, with taxpayers able to benefit from the settlement measures until 30 December 2026, subject to payment and other conditions.

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