Bolivia: SIN extends corporate income tax payment, filing deadlines
Bolivia’s National Tax Service (SIN) has extended the deadline for filing Corporate Income Tax (IUE) returns and making tax payments for taxpayers whose fiscal year ended on 31 March 2026, following the economic disruption caused by recent
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Taiwan clarifies profit tax rules for foreign exchange adjustments
Taiwan's National Taxation Bureau of Taipei, Ministry of Finance, on 29 July 2026 issued guidance reminding profit-seeking enterprises that only realised foreign exchange gains and losses may be recognised for profit-seeking enterprise income tax
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Belgium clarifies extension of Pillar Two GIR filing notification deadline for 2024–25Â
Belgium's Federal Public Service Finance has published a release clarifying the extension of the deadline for notifying the entity responsible for filing the GloBE Information Return (GIR) on 29 July 2026. Previously, the notification deadline
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Australia updates GloBE minimum tax provisions on CFC interaction, deferred tax assets, flow-through entities
Australia has issued the Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No. 2) Rules 2026 (the Amending Rules), introducing minor amendments to the Taxation (Multinational—Global and Domestic Minimum Tax) Rules
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Malaysia extends foreign-sourced income tax exemption for unit trusts to 2030
Malaysia has gazetted the Income Tax (Unit Trust in relation to Income Received in Malaysia from Outside Malaysia) (Exemption) 2024 (Amendment) Order 2026 on 27 July 2026. This legislation extends the tax exemption period for foreign-sourced
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Brazil: RFB, Petrobras reach pre-audit agreement on Repetro-Sped status
The Brazilian Federal Revenue Service (RFB) has published the Executive Declaratory Act Sutri No. 4/2026, dated 21 July 2026, formally binding both the tax authority and Petrobras to Consensual Agreement No. 3/2026 on 24 July 2026. The agreement
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Russia: CBR lowers key rate used for tax interest calculations
The Central Bank of Russia (CBR) has reduced the key interest rate from 14.5% to 14.0% on 24 July 2026. The CBR’s key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes. This
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Kazakhstan lowers base rate used to calculate late payment interest
The National Bank of Kazakhstan (NBK) has reduced its base rate to 16.75%, with a corridor of 15.75%–17.75%, following its monetary policy decision on 27 July 2026. The move marks the central bank's second interest rate cut this year after
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Argentina: ARCA outlines procedures for settling criminal tax liabilities
Argentina's tax authority (ARCA) announced it has issued General Resolution 5882/2026, which establishes procedures for settling criminal tax liabilities. The resolution was published and entered into force on 28 July 2026. This resolution
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Ireland: EU approves expanded digital games tax credit to cover post-release content
Ireland's Department of Finance has announced on 28 July 2026 that the European Commission has approved the expansion of the Digital Games Tax Credit. As announced in Budget 2026, the 32% tax credit has been extended until 31 December 2031 and
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China introduces targeted tax breaks for energy, mining firms through 2027
China's Ministry of Finance and the State Taxation Administration have jointly issued Announcement No. 22 of 2026 revising the urban land use tax policy on 27 July 2026, phasing out longstanding tax exemptions previously available to energy
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Oman: Tax Authority issues new corporate tax expense deduction rules
The Oman Tax Authority (OTA) has introduced new rules on when certain business expenses can be deducted under the Executive Regulations of the Income Tax Law. The changes were made through Decision No. 180/2026, which inserts a new Article 18 bis
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Hong Kong consults proposed enhancements to tax concession regime for corporate treasury centres
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Inland Revenue Department (IRD) launched a public consultation on 27 July 2026, on proposed enhancements to the tax concession regime for corporate treasury centres
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Taiwan clarifies CFC exemption criteria under anti-avoidance rules
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA) has reiterated, on 28 July 2026, the key exemption criteria under the country’s Controlled Foreign Company (CFC) regime, urging businesses to ensure compliance with the rules when
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Netherlands updates hybrid mismatch guidance with new rules on US tax regimes, permanent establishments
The Netherlands published the Hybrid Mismatch Policy Decision 2026 (Decree No. 2026-12123), issued by the State Secretary of Finance on 24 July 2026, replacing the previous policy decision that was originally issued in 2021 and subsequently updated
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UK: HMRC publishes GAAR opinions on employee benefit trust IHT arrangements
UK’s His Majesty's Revenue and Customs (HMRC) has published two reports from the General Anti-Avoidance Rule (GAAR) Advisory Panel concluding that arrangements designed to reduce Inheritance Tax (IHT) through the use of employee benefit trusts
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Colombia: MOF proposes corporate, VAT, wealth tax reforms from 2027
The Colombian Ministry of Finance submitted a new 2026 Tax Reform Bill to Congress on 20 July 2026, introducing a broad package of tax measures aimed at strengthening public finances. Although the legislation is titled the 2026 Tax Reform Bill, most
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Canada consults transfer pricing documentation amendments, various other tax measures
Canada's Department of Finance has released draft legislative proposals for public consultation on 23 July 2026 to implement a range of previously announced tax measures, along with other technical amendments to the country's tax
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