Canada suspends US trade negotiations, retaliates with matching tariffs

Uganda has enacted the Income (Amendment) Act 2026 and Excise Duty (Amendment) Act 2026 after Presidential assent on 20 August 2026, following Parliament’s reconsideration of the two tax amendment Bills.

The UAE Federal Tax Authority (FTA) has issued Decision No. 13 of 2026, introducing supplier and transaction verification requirements from 1 October 2026, including due diligence checks, risk indicators, commercial substance requirements and internal compliance measures.

Taiwan’s Legislative Yuan has approved amendments to the Income Tax Act raising the tax-exempt allowance for minor children from TWD 101,000 to TWD 151,500 per child and removing the TWD 24,000 cap on itemised deductions for certain insurance premiums, with the changes applying to 2026 income tax returns filed in May 2027.

Irish Revenue has updated its Section 110 guidance to clarify how qualifying companies can obtain relief for foreign withholding tax under Schedule 24, including where foreign tax exceeds the Irish tax attributable to the relevant income.

ZATCA has urged VAT-registered businesses with goods and service revenues exceeding SAR 40 million to file their July 2026 tax returns by 31 August, warning of fines of up to 25% of the tax due for late filing.

The US IRS has confirmed that interest rates on tax overpayments and underpayments will remain unchanged at 7% for individuals for the quarter beginning 1 October 2026, with separate rates applying to corporations and large corporate underpayments.