🇨🇦 Canada 🇺🇸 US

US delays 50% additional tariffs on certain Canadian goods

20 August, 2026

The US has postponed the planned 50% additional tariffs on certain Canadian imports, citing ongoing negotiations with Canada over disputed trade practices involving US alcoholic beverages, dairy products, and motor...

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🇩🇪 Germany

Germany gazettes amended minimum tax report ordinance

20 August, 2026

The Federal Ministry of Finance has amended and renamed the Minimum Tax Report Ordinance, restructuring it into four sections and adding an annex listing countries whose top-up tax regimes are recognised under the Minimum Tax Act.

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🇨🇳 China

China grants corporate tax deferral on equipment swaps for chipmakers, machine tool firms through 2028

20 August, 2026

China's Ministry of Finance and three co-regulatory authorities announced on 31 July 2026 a five-year corporate income tax deferral for non-monetary asset exchanges by integrated circuit and industrial machine tool enterprises through 2028. 

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🇸🇰 Slovak Republic

Slovak Republic: Government approves draft bill to implement Side-by-Side package

20 August, 2026

The Slovak Republic government approved Government Resolution No. 320/2026 on 19 August 2026 to amend Act No. 507/2023 implementing the EU Minimum Taxation Directive, incorporating OECD/G20 Inclusive Framework safe harbours for qualified Country-by-Country Reporting and tax incentives demonstrating economic substance.

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🇳🇱 Netherlands

Netherlands limits split-up tax deferrals, explicitly excludes anti-abuse protections

20 August, 2026

The Dutch State Secretary for Finance published Decree No. 2026-262957 on 6 August 2026, replacing the 2022 framework for corporate split-ups under Article 14a with tighter anti-abuse rules, clearer conditions for tax-deferred transfers, and expanded guidance on loss carry-forwards and retroactive alignment.

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🇧🇷 Brazil

Brazil advances tax compliance plan for IBS, CBS transition

20 August, 2026

Brazil’s Federal Revenue, the Management Committee of the Goods and Services Tax (CGIBS) and the Federal Accounting Council (CFC) have aligned procedures for implementing the National Tax Compliance Plan (PNCT), with a focus on tax documents and accountants’ responsibilities during the Consumption Tax Reform transition.

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🇹🇼 Taiwan

Taiwan reminds businesses of 2026 provisional corporate tax filing rules

20 August, 2026

Taiwan’s Kaohsiung National Taxation Bureau has reminded businesses that the 2026 provisional corporate income tax filing period runs from 1 to 30 September. Under revised rules, separately calculated Land and Buildings Consolidated Tax from the previous year is excluded from the standard provisional payment calculation.

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🇩🇪 Germany

Germany: Federal Fiscal Court clarifies minimum taxation, loss carryforwards

20 August, 2026

BFH has upheld the constitutionality of minimum taxation rules but ordered the tax authorities to reconsider equitable relief after loss carryforward restrictions resulted in a permanent tax burden for a company in liquidation. The ruling in case I R 20/25 clarifies that while minimum taxation remains valid, exceptional circumstances may warrant relief under § 163 of the Fiscal Code (AO).

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🇺🇸 US

US: Treasury, IRS consults CFC election to simplify Section 987 foreign currency rules

20 August, 2026

The US Treasury and IRS have proposed regulations allowing controlled foreign corporations to elect out of recognising certain Section 987 foreign currency gains and losses on QBU remittances, aiming to reduce compliance burdens while introducing consistency requirements and safeguards for inbound nonrecognition transactions.

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🇧🇷 Brazil

Brazil announces deadline to apply for the Simplified National Tax Regime

20 August, 2026

Brazil's Federal Revenue Service has moved the application deadline for the Simplified National Tax Regime to September 2026, requiring micro and small businesses to decide their tax status three months earlier than the traditional January window in response to the incoming consumption tax reform. 

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