US: USTR announces final tariffs following Section 301 forced labour investigations
USTR finalises Section 301 tariffs of 10% to 12.5% on 60 economies over forced labour import enforcement failures, effective following the 23 July 2026 Federal Register notice, with rates varying...
Read MoreHungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptionsÂ
Hungary's Draft Law T/387, submitted to Parliament on 17 July 2026 to meet Recovery and Resilience Facility commitments, abolishes tax exemptions for trusts and private foundations, phases out several corporate tax allowances from 2027, scraps four minor taxes, and restructures the NAV presidency's employment status.
Read MoreChile: SII clarifies arm’s length pricing for intangiblesÂ
Chile's SII ruled in Letter No. 1801 of 20 July 2026 that the OECD's DEMPE framework can determine the arm's length value of intangibles under Article 64, though its suitability in each case remains subject to audit verification.
Read MoreBelgium introduces Pillar Two mandate for professional tax representatives
Belgium's SPF Finance has introduced a new Pillar Two mandate that enables companies to authorise professional representatives to manage their Pillar Two global minimum tax obligations through the MyMinfin portal.
Read MoreRomania: ANAF consults new e-invoicing registration formsÂ
Romania's ANAF updated electronic invoicing registration forms under Law No. 88, exempting individual farmers and CNP-identified suppliers from mandatory use while moving NGOs, associations, political parties, and religious institutions from optional to mandatory registration, effective 1 June 2026.Â
Read MorePoland: Sejm introduces new VAT warehousing regime, tightens abuse rules
Poland's Sejm enacted a comprehensive VAT law on 17 July 2026, establishing a new warehousing regime for specified commodities, restricting split payment protections for abusive transactions, and aligning domestic rules with recent CJEU judgments on agricultural exemptions and deduction rights—with staged rollout from December 2026 through July 2028.
Read MoreBelgium moves to dual e-reporting of invoices starting 2028
Belgium's Council of Ministers approved a preliminary draft law amending the Value Added Tax Code to require near real-time electronic reporting of invoice data to tax authorities from 2028, extending an existing e-invoicing mandate that began 1 January 2026.
Read MoreCanada threatens retaliation over Trump’s 50% tariffs
Prime Minister Mark Carney warned that Canada would retaliate if trade negotiations fail, following President Trump's announcement of 50% tariffs on Canadian goods effective 19 August.
Read MoreItaly to apply parcel levy alongside EU customs duty
Italy plans to introduce a EUR 2 levy on low-value commercial parcels alongside the EU's new customs duty, aiming to strengthen competition with overseas sellers and support domestic retailers.
Read MoreLuxembourg approves draft law for mandatory domestic B2B e-invoicing
Luxembourg's Government Council has approved a draft law to extend mandatory electronic invoicing to domestic B2B transactions, with phased implementation between 2028 and 2029, alongside a technical framework based on the Peppol network and support measures for businesses.
Read MorePillar Two
Corporate Tax
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Netherlands sets escalating fines for trust UBO registration failures
24 July, 2026
The Netherlands Ministry of Finance has published a policy rule on 13 July
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Hungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptionsÂ
24 July, 2026
Hungary’s government has submitted Draft Law T/387 to the parliament on
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Taiwan clarifies tax treatment of fines under Income Tax Act
24 July, 2026
Taiwan’s National Taxation Bureau of the Central Area, Ministry of
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Belgium introduces Pillar Two mandate for professional tax representatives
24 July, 2026
Belgium's Federal Public Service (SPF) Finance has updated its Pillar Two
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Thailand approves draft decree to expand, extend tax incentives for Social Enterprises
23 July, 2026
Thailand's Cabinet approved in principle a draft Royal Decree under the
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Transfer Pricing
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Chile: SII clarifies arm’s length pricing for intangiblesÂ
24 July, 2026
The Chilean tax authority (SII) has released Letter Ruling No. 1801, dated
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Poland eases transfer pricing compliance, payment penalties
23 July, 2026
The Polish Council of Ministers approved amendments to the Personal Income
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Hungary publishes new transfer pricing documentation guidance
22 July, 2026
Hungary has introduced a revised transfer pricing (TP) documentation
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Netherlands consults bill targeting compliance simplifications, adjustment of reorganisation facilities, hybrid entity changes
21 July, 2026
The Dutch government has put forward a comprehensive legislative package
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South Africa: SARS publishes Advance Pricing Agreement implementation webpage
21 July, 2026
The South African Revenue Service (SARS) has published a dedicated webpage
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Tax Policy
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Romania: ANAF consults new e-invoicing registration formsÂ
24 July, 2026
Romania's National Agency for Fiscal Administration (ANAF) has published
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OECD publishes new BEPS Action 5 peer review findings
24 July, 2026
The OECD has released the latest peer review results on preferential tax
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UK to reduce business tax for pubs, clubs, music venues
24 July, 2026
The UK government has announced a 20% reduction in business rates bills
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Australia: ATO raises Division 7A benchmark interest rate for 2026–27
23 July, 2026
The Australian Taxation Office (ATO) has updated the Division 7A benchmark
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Algeria completes ratification of mutual assistance convention
23 July, 2026
Algeria deposited its instrument of ratification for the OECD–Council of
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Tax Treaty
Most Read
Australia updates guidance on R&D tax incentive eligibility for associated foreign corporations
The Australian Taxation Office (ATO) updated its guidance on 13 July 2026 regarding the eligibility requirements for research and development
Read MoreUS: Trump Administration set to replace expiring 10% tariff with forced-labour duties on 60 countries
US President Donald Trump is set to impose new tariffs on dozens of countries as early as this week, according to a Financial Times report published
Read MoreSri Lanka: IRD postpones implementation of VAT on non-resident e-services
Sri Lankan Inland Revenue Department has issued SEC/PN/VAT/2026-02 on 31 March 2026, notifying taxpayers of a further delay in the implementation of
Read MoreUS, Mexico to convene for third round of USMCA negotiations tomorrow
The US will meet with Mexico in Mexico City for the third bilateral negotiating round related to the Joint Review of the United States-Mexico-Canada
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