US: USTR announces final tariffs following Section 301 forced labour investigations

24 July, 2026

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...

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Hungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptions 

24 July, 2026

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.

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Chile: SII clarifies arm’s length pricing for intangibles 

24 July, 2026

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.

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Belgium introduces Pillar Two mandate for professional tax representatives

24 July, 2026

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.

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Romania: ANAF consults new e-invoicing registration forms 

24 July, 2026

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. 

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Poland: Sejm introduces new VAT warehousing regime, tightens abuse rules

24 July, 2026

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.

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Belgium moves to dual e-reporting of invoices starting 2028

24 July, 2026

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.

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Canada threatens retaliation over Trump’s 50% tariffs

24 July, 2026

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.

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Italy to apply parcel levy alongside EU customs duty

24 July, 2026

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.

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Luxembourg approves draft law for mandatory domestic B2B e-invoicing

24 July, 2026

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.

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