France tables Pillar Two safe harbours, CbC reporting relief

New Zealand’s Inland Revenue has issued a private ruling confirming that proceeds from an insurance company’s proposed property sales were capital in nature and not taxable under Sections CB 1 and CB 6 of the Income Tax Act 2007.

Taiwan’s Southern Region National Taxation Bureau has clarified that sales of virtual assets and stablecoins defined under the Virtual Asset Service Act are exempt from business tax, while related service fees and non-fungible token (NFT) transactions remain taxable.

Germany plans to remove VAT exemptions for business mail services to align with EU law and create fairer competition, prompting Deutsche Post to warn that higher costs could accelerate the shift to digital communications.

Hong Kong’s Chief Executive in Council has approved six tax agreements with Barbados, Jordan, Kyrgyzstan, Maldives, Norway and Rwanda to prevent double taxation and support cross-border trade and investment.

The IRS will waive federal excise tax penalties for the sale and highway use of dyed diesel from 1 October to 31 December 2026, suspending related inspections and recordkeeping requirements while leaving state fuel tax rules unchanged.

The Czech lower house has approved a proposed 50% tax on refinery margin increases for 2026 and 2027, with the government expecting to raise CZK 5.5 billion in 2026.