Australia: ATO tightens CbC reporting exemptions, extends administrative relief indefinitely

Ecuador has updated its audiovisual investment certificate regime, with new procedures for applications, project approvals, eligible costs and tax credit allocation.

Argentina's tax authority has revised its automatic exchange of information regime through General Resolution 5887/2026, clarifying which funds and accounts fall outside CRS reporting obligations.

More than 436,000 sole traders and landlords have submitted their first Making Tax Digital for Income Tax quarterly update, HM Revenue and Customs has confirmed, as the authority prepares to begin signing up remaining eligible customers from September.

The Netherlands' State Secretary for Finance issued Decree No. 2026-262956 on 6 August 2026, establishing updated conditions for tax-neutral legal mergers that allow acquiring entities to inherit predecessor losses and tax attributes while preventing base erosion through strict profit segregation and deduction barriers on pre-merger reserves.

Notice 2026-50, issued by the IRS on [date], extends the interim carbon sequestration safe harbour to enhanced oil and gas recovery projects and clarifies recapture reporting, while pushing the applicability window through 31 December of the year permanent MRV standards take effect.

President Bola Ahmed Tinubu approved a standardised deep offshore investment framework on 11 August 2026, targeting USD 50 billion in new oil and gas investment through tiered production tax credits, a profit oil reset mechanism, and mandatory local performance conditions, with companies required to reach final investment decisions by 31 December 2029 to access maximum incentives.