US, Mexico to convene for third round of USMCA negotiations tomorrow

20 July, 2026

The US and Mexico open a third round of USMCA joint review talks in Mexico City on 21 July 2026, with automotive rules of origin and steel and aluminium tariffs...

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Australia: ATO holds fourth Pillar Two pre-lodgment information session

20 July, 2026

The Australian Taxation Office published a recap of its June Pillar Two information session detailing lodgment requirements for the combined global and domestic minimum tax return as first December 2024 balancer filings became due on 30 June with an automatic 30-day domestic lodgment extension.

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Belgium clarifies origin proof requirements for US imports under Turnberry Agreement

20 July, 2026

Belgium’s 1 July 2026 guidance on Regulation (EU) No 2026/1455 strips away certificates of origin and EUR.1 documents as valid proof, leaving importers to assemble bills of materials, production records, and transport evidence on their own to claim the Turnberry Agreement's reduced duties.

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Austria: Bundesrat approves 2027–2028 budget

20 July, 2026

Austria's Federal Council has approved the Budget for 2027 and 2028, introducing a new parcel tax, a higher corporate tax rate for income exceeding EUR 1 million, and an increase in the alcohol tax, alongside pension, social security, environmental and infrastructure measures.

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China rolls out digital invoice implementation with regional phase-outs of paper invoices

20 July, 2026

Zhejiang will stop approving paper invoice applications from 30 April 2026 and prohibit their issuance entirely by 30 June 2026, while Dalian suspends most paper invoices from 1 July 2026, accelerating the nationwide shift to digital invoicing that began 1 December 2024. 

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Chile: SII grants tax amnesty to storm-affected regions through October 2026

20 July, 2026

Chile grants automatic deferral of monthly VAT and tax filings through 30 October 2026 for taxpayers in 28 storm-hit municipalities, waiving fines and interest.

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UK: HMRC initiates tax consultations on NICs, brownfield relief, development costs

20 July, 2026

The consultations, published on 13 July 2026 as part of the Finance Bill 2026 programme, seek stakeholder feedback on measures intended to simplify tax administration, refine existing tax reliefs and provide greater certainty for business investment. 

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Dominican Republic consults temporary tax amnesty rules

20 July, 2026

The Dominican Republic's General Directorate of Internal Taxes (DGII) has opened a public consultation on draft rules setting out the procedures, requirements and conditions for the temporary tax amnesty introduced under Article 8 of Law No. 30-26 on Tax Reform.

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Italy clarifies no gift or inheritance tax on trust dissolution without beneficiary transfer

20 July, 2026

The Italian Revenue Agency ruled on 16 July 2026 that early trust dissolution resulting in reconveyance of assets to the settlor triggers no gift or inheritance tax, provided beneficiaries receive nothing.

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Taiwan clarifies foreign taxpayers of house, land transaction income tax filing rules

20 July, 2026

Taiwan's National Taxation Bureau has reiterated the filing requirements, tax rates and penalties applicable to foreign taxpayers with taxable income from certain house and land transactions under the Income Tax Act.

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