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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Italy introduces payment codes for Pillar Two voluntary disclosure
The Italian Revenue Agency announced, on 23 July 2026, that it has introduced new tax codes for paying penalties through the F24 form for voluntary disclosure of violations relating to the Global Minimum Tax's information and reporting obligations
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Belgium introduces tiered capital gains tax on financial assets with progressive rates, exemptions
The Belgian Ministry of Finance has published Circular 2026/C/74 on 22 July 2026. Circular 2026/C/74 outlines the Belgian tax framework for financial capital gains following legislation enacted on 6 April 2026. Circular 2026/C/74 provides
See MoreNetherlands sets escalating fines for trust UBO registration failures
The Netherlands Ministry of Finance has published a policy rule on 13 July 2026 outlining new administrative fine policies regarding the registration of ultimate beneficial owners (UBOs) for trusts and similar legal arrangements. Effective from 1
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Hungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptionsÂ
Hungary’s government has submitted Draft Law T/387 to the parliament on 17 July 2026 to implement commitments under the Recovery and Resilience Facility (RRF) plan by August 31, 2026, alongside other government programs. This legislative
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Taiwan clarifies tax treatment of fines under Income Tax Act
Taiwan’s National Taxation Bureau of the Central Area, Ministry of Finance, stated that Article 38 of the Income Tax Act stipulates that losses incurred not in the course of operation of business or subsidiary business, as well as surcharges for
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Belgium introduces Pillar Two mandate for professional tax representatives
Belgium's Federal Public Service (SPF) Finance has updated its Pillar Two guidance on 23 July 2026 to introduce a new Pillar Two mandate, allowing companies to formally appoint a professional representative, such as an accounting firm or an
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Thailand approves draft decree to expand, extend tax incentives for Social Enterprises
Thailand's Cabinet approved in principle a draft Royal Decree under the Revenue Code at its meeting on 21 July 2026, revising tax measures supporting Social Enterprises through amendments to Royal Decree (No. 735) B.E. 2564 (2021). According to
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Italy confirms cross-border UCITS mergers are tax-neutral for investors
Italian investors holding shares in collective investment funds can now participate in cross-border UCITS (undertakings for collective investment in transferable securities) mergers tax-free. The Italian Revenue Agency confirmed this position on 20
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