Montenegro issues rulebook on cross-border tax reporting, transfer pricing

17 August, 2026

Montenegro has mandated automatic exchange of cross-border tax rulings and transfer pricing agreements with EU authorities, requiring disclosure of 12 mandatory data points for transactions exceeding EUR 1,500,000 from 1...

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European Commission publishes guidance documents to support CBAM implementation

18 August, 2026

The European Commission published ten guidance documents on 14 August 2026 to support non-EU operators with Carbon Border Adjustment Mechanism (CBAM) implementation during its definitive period, covering emissions monitoring, reporting, and financial obligations for importers of carbon-intensive goods into the EU.

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US set to impose 50% tariffs on Canadian goods

18 August, 2026

The US will impose 50% tariffs on approximately USD 20 billion of Canadian goods starting 20 August 2026 under Section 338 of the Tariff Act of 1930, while trade negotiators remain far from agreement.

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US: Treasury, IRS issue final backup withholding regulations for third-party network transactions

17 August, 2026

The US Department of the Treasury and IRS finalised regulations on 10 August 2026 that align backup withholding rules for third-party network transactions with statutory thresholds introduced by the One Big, Beautiful Bill Act, requiring withholding only when payees exceed both 200 transactions and USD 20,000 in aggregate payments within a calendar year.

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Ukraine clarifies tax breaks for defence city residents under DIC support regime

17 August, 2026

Ukraineโ€™s State Tax Service has outlined tax exemptions available to enterprises operating under the Defence City regime for the defence-industrial complex.

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Uruguay sets new IRPF deadline for foreign capital income

17 August, 2026

Uruguayโ€™s DGI has adjusted Personal Income Tax (IRPF) deadlines for withholding agents and taxpayers receiving foreign movable capital income, including new rules for related advance payments.

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Sri Lanka: IRD sets deadline for VAT payment, returns for July 2026

17 August, 2026

Sri Lankaโ€™s Inland Revenue Department has reminded VAT taxpayers to pay July 2026 liabilities by 20 August and file their returns by 31 August, while highlighting time limits for claiming input tax credits.

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Taiwan clarifies business tax rules for non-profits selling goods or services

17 August, 2026

Non-profit institutions selling goods or services remain subject to business tax, Taiwan's National Taxation Bureau of the Central Area has said, urging proactive compliance to avoid penalties.

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Taiwan tightens corporate tax rules for property leasing entities

17 August, 2026

Taiwanโ€™s tax authority has reminded businesses leasing owned real estate to use the correct industry code when filing corporate income tax, warning that misclassification could lead to tax reassessment and additional charges.

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US: Treasury, IRS issue proposed regulations on employer contributions to Trump Accounts under the Working Families Tax Cuts

17 August, 2026

The proposed regulations provide a framework for employer-funded Trump Accounts, including contributions of up to USD 2,500 annually, while clarifying nondiscrimination requirements for Trump Accounts and dependent care assistance programs.

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Corporate Tax

Transfer Pricing

Tax Policy

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