UK confirms no Pillar Two late-filing penalties for returns filed before August 2026

From 3 August 2026, companies under Brazil's regular tax regime must issue electronic tax documents with mandatory CBS and IBS fields, ending the testing period and introducing sweeping changes to cash flow, supplier relationships, and financial planning.

Resolution 34/2026/NQ-CP, issued 30 June 2026, prolongs zero and reduced import duties on gasoline, diesel, and related materials until 30 September 2026, alongside complementary VAT and environmental tax exemptions.

Specialists from Javeriana University and the Autonomous Committee of the Fiscal Rule are urging structural changes, including VAT base expansion and improved DIAN enforcement, while President-elect Abelardo De La Espriella prioritises eliminating the 4x1000 tax, wealth tax, and fuel levies. 

SARS has opened the 2026 filing season from 1 July 2026, broadening its auto-assessment programme to include certain provisional taxpayers for the first time while introducing legislative changes and platform enhancements designed to reduce manual compliance burdens.

India’s Finance Ministry raised the special additional excise duty on petrol exports to INR 4 per litre from INR 1.5 per litre effective 1 July 2026, while reducing duties on diesel and ATF, through Notification Nos. 30/2026 and 31/2026-Central Excise issued on 15 June 2026.

Belarus has introduced accelerated depreciation and VAT exemptions for robotics under Edict No. 198, permitting a 150% depreciation rate for profit tax purposes, full VAT exemptions on imported robotics manufactured within the last year, and 100% input VAT deductions on robotics components, with enhanced commercial rights for High Technology Park residents through 31 December 2030.