US: Treasury welcomes revised Pillar Two GloBE Information Return (GIR)

Australia's Federal Court upheld an AUD 173.3 million tax assessment against Hilton International Australia for its 2015 hotel sale restructuring. The ruling clarified that Part IVA tax law permits multiple reasonable alternative transactions for comparison, rejecting Hilton's argument for a single preferred counterfactual. The decision reinforces that alternative postulates cannot themselves constitute tax-avoidance schemes.

Belgium's Advance Tax Rulings Service has confirmed that the country's preferential copyright tax regime now covers software, following a legislative change that took effect from 1 January 2026.

The Organisation for Economic Co-operation and Development has released an updated data exchange schema under the Common Reporting Standard, with Ukraine's tax authority urging financial agents to prepare for the change ahead of the planned 2027 transition.

National Treasury has opened a consultation, inviting taxpayers, tax practitioners and members of the public to submit technical tax proposals for possible inclusion in Annexure C of the 2027 Budget Review.

The Netherlands plans to require structured domestic B2B e-invoicing from 1 July 2030 and transaction-level digital reporting from 1 July 2031, with the government citing VAT fraud prevention, cost savings, and data security as key priorities.

China's three top financial regulators set a uniform 20% tax rate on individual gains from selling restricted shares of listed companies, effective immediately under Announcement No. 26 issued 28 August 2026. The directive establishes new cost-reporting requirements for companies and introduces a settlement process for shareholders to reconcile withheld taxes with actual liability.