UAE: MoF extends small business corporate tax relief

10 August, 2026

UAE extended tax relief for small businesses through 2029 without changing the AED 3 million eligibility threshold.

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Italy consolidates tax compliance and assessment rules into single code

10 August, 2026

Legislative Decree No. 141, published in Official Gazette No. 181 on 6 August 2026, brings 368 articles of consolidated tax compliance and assessment rules into force on 1 January 2027, unifying fragmented legislation across income tax, VAT, and administrative procedures.ย 

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Croatia drafts one-off 50% tax on excess corporate profits for 2026

10 August, 2026

Croatia's draft amendments to the Profit Tax Law would impose a 50% tax on 2026 profit margins that exceed a company's 2023โ€“2025 average by more than 15%, targeting medium and large domestic taxpayers under a bill open for consultation.

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Sri Lanka: IRD reminds taxpayers of first 2026/27 income tax instalment deadline

10 August, 2026

IRD has reminded taxpayers that the first instalment of income tax for the 2026/2027 Year of Assessment is due by 15 August 2026.

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Taiwan issues withholding tax Ruling for P2P platforms

10 August, 2026

Taiwanโ€™s Ministry of Finance has clarified that P2P platform operators managing loan fund transfers must withhold tax, file reports and issue certificates on interest paid to lenders.

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France adopts standard deadline for withholding tax claims

10 August, 2026

France has amended its Book of Tax Procedures to remove the shorter deadline for withholding tax claims following a February 2026 Council of State decision.

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Luxembourg proposes mandatory B2B e-invoicing from 2028

10 August, 2026

Luxembourg proposes phased mandatory B2B e-invoicing from 2028 under the EU's ViDA framework.ย 

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US: Trump administration returns USD 100 billion in struck-down tariffs

10 August, 2026

The Trump administration has refunded USD 100 billion of tariffs after the Supreme Court invalidated the International Emergency Economic Powers Act regime in February 2025, though more than USD 66 billion remains outstanding across 330,000+ importers.

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US: Trump administration to reject solar industry push for faster polysilicon tariff rollout

10 August, 2026

The Trump administration will stick with a 120-day timeline for a new 15% polysilicon tariff and price floor announced 7 August 2026, dismissing industry requests to accelerate implementation to 90 days.ย 

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Hungary revises windfall tax on oil producers, extends levy to 2027

10 August, 2026

Hungary's Act XXXII of 2026 replaces the flat windfall tax on petroleum producers with a tiered 50%/95% rate structure and extends the levy through 2027, effective 18 August 2026 and first applicable to the August 2026 tax obligation.

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