US targets interim USMCA deals with Mexico, Canada by year-end as full overhaul slips to 2027

23 July, 2026

US Trade Representative Jamieson Greer told the Senate Finance Committee on 22 July 2026 that the Trump administration aims to lock in separate interim trade arrangements with Mexico and Canada...

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Poland eases transfer pricing compliance, payment penalties

23 July, 2026

Poland's Council of Ministers approved amendments to the income tax law that eliminate penalties for off-list contractor payments and streamline transfer pricing disclosures for related-party transactions, with changes rolling out from summer 2026 through January 2027.

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Tanzania enacts Finance Act 2026 with excise, VAT, compliance measures

23 July, 2026

The Finance Act, 2026 introduces new excise duty rates, expands VAT and tax compliance rules, revises export taxes and establishes new funding mechanisms for mining, infrastructure and local government.

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Singapore adds related party transaction reporting to corporate tax compliance focus

23 July, 2026

IRAS updated its corporate tax compliance guidance, introducing the timely and accurate filing of the Form for Reporting Related Party Transactions (RPT Form) as a new area of ongoing audit focus while reaffirming its risk-based approach to monitoring tax compliance.

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Australia: ATO raises Division 7A benchmark interest rate for 2026–27

23 July, 2026

The Australian Taxation Office has increased the Division 7A benchmark interest rate for the income year ending 30 June 2027, while also updating historical rates, guidance for substituted accounting periods, and Division 7A calculation tools.Β 

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Nigeria begins e-invoicing compliance monitoring ahead of July deadline

23 July, 2026

NRS has begun monitoring compliance with the National e-Invoicing & electronic fiscal system (EFS) for large taxpayers and has directed those yet to complete implementation to achieve full compliance by 31 July 2026.

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Greece simplifies application process for investor flat-tax regime for new tax residents

23 July, 2026

AADE has streamlined the application process for the alternative tax regime for foreign-source income available to new tax residents investing in Greece.

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Bangladesh opens 2026-27 individual tax return filing, mandates e-return requirement

23 July, 2026

Bangladesh has launched its 2026-27 individual income tax return filing season, making online filing mandatory for most taxpayers while introducing an early filing incentive of up to 5% of the net tax payable.

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Australia: ATO announces ESIC reporting deadline

23 July, 2026

The ATO has reminded early stage innovation companies (ESIC) that the annual information report for the 2025–26 financial year must be lodged by 31 July 2026.

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China lowers threshold for special tax treatment of assets and liabilities in business reorganisations

23 July, 2026

State Taxation Administration Announcement No. 13 of 2026, issued 8 July 2026, reduces the shareholder consent threshold for special tax deferral treatment on mergers and demergers to more than 50% from a prior consensus requirement, effective for restructuring transactions dated 1 January 2026 onwards.

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Corporate Tax

Transfer Pricing

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