France issues rules for preparing, filing CbC reporting

Kazakhstan has opened a public consultation on proposed Tax Code amendments that would reintroduce selected investment tax incentives, introduce a temporary tax regime for high-tech investment, and update VAT provisions to reduce administrative barriers.

HMRC has outlined plans to simplify the Capital Goods Scheme from 29 July 2026 by removing computers from its scope and raising the expenditure threshold for land, buildings and civil engineering works, reducing VAT compliance requirements for many VAT-registered businesses.

The EU Council has authorised Italy to continue applying its VAT split-payment mechanism, directing payments from public authorities into a dedicated government account, following adoption of a Council Implementing Decision at the ECOFIN meeting on 10 July 2026.

Week of 05–11 Jul 2026: A massive administrative update saw the UK finalise its third-quarter steel tariff rate quotas, while new anti-dumping duties on Indonesian biofuels and a new duty suspension on key chemicals took effect, blending routine maintenance with targeted policy shifts.

The Australian Taxation Office has announced enhanced compliance measures targeting businesses that deliberately overstate deductible expenses and GST credit claims, warning non-compliant businesses of audits, adjusted liabilities and penalties. 

Italy's Revenue Agency ruled that companies undergoing liquidation, demerger, or reorganisation under Law No. 178/2020 do not automatically lose their Transition 4.0 tax credit, provided operations continue and machinery interconnection delays are properly documented.