🇦🇺 Australia

Australia: ATO tightens CbC reporting exemptions, extends administrative relief indefinitely

19 August, 2026

The Australian Taxation Office updated its Country-by-Country reporting guidance effective 1 January 2025, extending indefinite administrative relief to non-lodging entities meeting strict documentation and group-presence conditions while automatically exempting Division...

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🇪🇬 Egypt

Egypt: ETA unveils plans introduction of tax Sukuk

19 August, 2026

Egypt is preparing to introduce optional Tax Sukuk that individuals and legal persons can use to settle future tax liabilities, with subscribers receiving a tax-exempt return. Detailed rules for the scheme are expected by 31 August 2026.

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🇧🇭 Bahrain

Bahrain: NBR publishes guidance on DMTT returns

19 August, 2026

Bahrain’s National Bureau for Revenue has issued DMTT filing guidance for large MNE Groups, covering return submission, payments and refunds under the 15% Domestic Minimum Top-up Tax (DMTT), with the first filing deadline set for 31 March 2027.

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🇺🇸 US

US: Maryland Tax Court strikes down digital advertising tax as unconstitutional

19 August, 2026

Maryland Tax Court strikes down the state’s digital advertising tax as unconstitutional, finding that it violates the federal Internet Tax Freedom Act, the dormant Commerce Clause and the Due Process Clause.

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🇪🇨 Ecuador

Ecuador introduces new audiovisual tax credit rules

19 August, 2026

Ecuador has updated its audiovisual investment certificate regime, with new procedures for applications, project approvals, eligible costs and tax credit allocation.

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🇦🇷 Argentina

Argentina: ARCA updates automatic exchange of information rules under CRS

19 August, 2026

Argentina's tax authority has revised its automatic exchange of information regime through General Resolution 5887/2026, clarifying which funds and accounts fall outside CRS reporting obligations.

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🇬🇧 UK

UK: HMRC urges remaining customers to sign up ahead of September deadline

19 August, 2026

More than 436,000 sole traders and landlords have submitted their first Making Tax Digital for Income Tax quarterly update, HM Revenue and Customs has confirmed, as the authority prepares to begin signing up remaining eligible customers from September.

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🇳🇱 Netherlands

Netherlands tax authority updates legal merger framework for 2026

19 August, 2026

The Netherlands' State Secretary for Finance issued Decree No. 2026-262956 on 6 August 2026, establishing updated conditions for tax-neutral legal mergers that allow acquiring entities to inherit predecessor losses and tax attributes while preventing base erosion through strict profit segregation and deduction barriers on pre-merger reserves.

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🇺🇸 US

US: IRS expands Section 45Q safe harbour to cover EOR projects and recapture calculations

19 August, 2026

Notice 2026-50, issued by the IRS on [date], extends the interim carbon sequestration safe harbour to enhanced oil and gas recovery projects and clarifies recapture reporting, while pushing the applicability window through 31 December of the year permanent MRV standards take effect.

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🇳🇬 Nigeria

Nigeria introduces new deep offshore tax incentive framework to attract USD 50 billion investment

19 August, 2026

President Bola Ahmed Tinubu approved a standardised deep offshore investment framework on 11 August 2026, targeting USD 50 billion in new oil and gas investment through tiered production tax credits, a profit oil reset mechanism, and mandatory local performance conditions, with companies required to reach final investment decisions by 31 December 2029 to access maximum incentives.

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