Australia: ATO updates Pillar Two guidance on GIR lodgment, joint ventures

Thailand’s Revenue Department has confirmed the continuation of the 7% Value Added Tax (VAT) rate until 30 September 2027 following Cabinet approval of the extension proposal submitted by the Ministry of Finance. VAT exemptions for essential goods and services and small-scale operators with annual revenue not exceeding THB 1,800,000 will remain in place.

FTA has reminded eligible businesses benefiting from small business relief that they must continue to meet Corporate Tax compliance requirements, including registration, filing returns and maintaining supporting records.

South Africa has opened a public consultation on the 2026 draft Taxation Laws Amendment Bill (TLAB) and Tax Administration Laws Amendment Bill (TALAB), proposing changes to retirement annuities, donations tax, Special Economic Zones, VAT, carbon tax refunds, customs procedures and tax administration. Stakeholders have until 28 August 2026 to submit comments on the draft legislation implementing measures announced in the 2026 Budget.

The proposed measures, stemming from a national security investigation under Section 232, would impose a 15% tariff and minimum import prices on polysilicon and related solar products to strengthen US manufacturers against growing Chinese competition.

Poland's Ministry of Digital Affairs published a draft bill on 31 July 2026 introducing a 3% Compensatory Tax on Certain Services targeting online advertising, digital platforms, and user data sales, with liability triggered only above EUR 1 billion in global revenue and PLN 25 million in Polish revenue, set to take effect on 1 January 2027.

The Australian Taxation Office has issued a final reminder that businesses and government entities paying contractors must lodge their Taxable Payments Annual Report by 28 August 2026, and has confirmed paper lodgments are no longer accepted.