Italy consolidates tax compliance and assessment rules into single code
Italy has gazetted a sweeping reform of its tax compliance and assessment rules. Legislative Decree No. 141, signed 5 August 2026 and published in the Official Gazette No. 181 (Ordinary Supplement No. 28) on 6 August 2026, consolidates scattered tax
See More
Croatia drafts one-off 50% tax on excess corporate profits for 2026
Croatia’s government has published a draft law proposing amendments to the Corporate Income (Profit) Tax Law. The key measure is the introduction of a temporary excess profit tax applicable exclusively for the 2026 tax year. This legislation
See More
Romania introduces temporary windfall tax, diesel excise cuts
Romania has gazetted Law No. 162/2026 on 4 August 2026. Law No. 162/2026 aims to manage a crisis state within the domestic oil and petroleum product markets. The law introduces strict commercial margin limits for fuel distributors and
See More
Egypt updates income tax law with capital gains, listing changes
Egypt has amended its income tax framework through Law No. 151 of 2026, introducing changes to capital gains, dividend taxation, interest deductibility, bad debt recognition, stock exchange listings and tax treatment for small enterprises. The
See More
Nigeria launches application guidelines for tax credit on priority sector investments
The Nigerian Investment Promotion Commission has published the Application Guidelines for the Economic Development Tax Incentive (EDTI). The EDTI serves as a comprehensive guide for companies seeking to leverage tax credits for priority
See More
Sri Lanka: IRD reminds taxpayers of first 2026/27 income tax instalment deadline
Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers that the first instalment of income tax for the Year of Assessment 2026/2027 is due by 15 August 2026. The deadline applies to Corporate Income Tax (CIT), Individual Income
See More
UAE: MoF extends small business corporate tax relief
The UAE’s Ministry of Finance has announced the issuance of Ministerial Decision No. (131), extending the period during which eligible Taxable Persons can claim Small Business Relief to tax periods ending on or before 31 December 2029. The
See More
Hungary revises windfall tax on oil producers, extends levy to 2027
Hungary has published Act XXXII of 2026 in the Official Gazette, which will enter into force on 18 August 2026. The Act consists of excerpts from the 18 July 2026 issue of the Hungarian Gazette, detailing several newly enacted laws and government
See More
US: Business Tax Account gives eligible taxpayers more secure, convenient ways to manage federal tax obligations online
The US Internal Revenue Service (IRS) on 6 August 2026 announced new and expanded features for Business Tax Account (BTA) users, giving eligible businesses and organisations more ways to view digital notices, make payments, and access and manage
See More
Qatar: GTA announces significant increase in tax compliance as tax return filing rate reaches 90% for the 2025 tax year
Qatar’s tax authority, the General Tax Authority (GTA), announced on 6 August 2026 that the taxpayer compliance rate for filing tax returns for the 2025 tax year reached 90%, representing an increase of 13.9% compared with the 2024 tax year. This
See More
Brazil: RFB issues procedures for withholding income tax on profits, dividends
Brazil’s tax authority, the Federal Revenue Service (RFB), announced that it enacted Law No. 15,270 of 26 November 2025 on 6 August 2026, which introduced significant changes to income taxation, including the withholding of Income Tax at Source
See More
France updates reference rate for deductible shareholder loan interest
France's tax administration has published updated administrative guidance confirming the reference interest rates used to determine the tax deductibility of interest paid on advances granted by partners or shareholders beyond their capital
See MoreNigeria: NRS issues virtual asset tax framework, establishes income tax, VAT, and stamp duty obligations
The Nigeria Revenue Service (NRS) established a comprehensive framework in 2026 to regulate the taxation of virtual assets (VAs), including cryptocurrencies, stablecoins, and NFTs, through Guidelines on the Taxation of Virtual Assets ( Information
See More
India: Lok Sabha approves taxation, other laws (Amendment) Bill 2026
India's Lok Sabha passed the Taxation and Other Laws (Amendment) Bill (Bill No. 150 of 2026) 2026 on 6 August 2026, after it was introduced in Parliament on 4 August. The Bill proposes a series of amendments to the Income-tax Act, 2025, the
See More
Panama: MEF to overhaul revenue agency after years-long tax fraud scheme
Panama's Ministry of Economy and Finance (MEF) disclosed on 5 August 2026 that criminal fraud schemes operated within its General Directorate of Revenue (DGI) for years, systematically circumventing institutional controls. Minister Felipe Chapman
See More
Italy: Revenue Agency issues first comprehensive guidance on collaborative compliance regime
The Italian Revenue Agency has announced the release of Circular No. 6/E of 6 August 2026, providing the first comprehensive guidance on collaborative compliance after sweeping reforms introduced by Legislative Decree No. 221 of 30 December 2023.
See More
Finland proposes corporate tax cuts in draft 2027 budget
Finland’s Ministry of Finance announced the draft budget for 2027 on 6 August 2026, which includes several significant corporate tax measures. The government will review the draft budget during its budget session on 1–2 September, after which
See More
Australia: ATO urges large corporates to verify tax transparency data ahead of October report
The Australian Taxation Office (ATO) reminded large corporate taxpayers on 5 August 2026 to review their corporate tax transparency data before the publication of the 2024–25 Corporate Tax Transparency Report. For the 2024–25 income year and
See More