Uruguay replaces Pillar Two QDMTT exemption with compensation mechanism
Uruguay has issued Decree No. 206/026, replacing the exemption from the Pillar Two Qualified Domestic Minimum Top-Up Tax (QDMTT), known as the Impuesto Mínimo Complementario Doméstico (IMCD), for entities covered by certain fiscal stability
See More
Bahrain: NBR updates guidance on Domestic Minimum Top-up Tax returns
Bahrain’s National Bureau for Revenue (NBR) published an updated DMTT Return Filing Manual Version 1.1 on 6 September 2026, providing guidance for large Multinational Enterprise (MNE) groups on filing Domestic Minimum Top-up Tax (DMTT) returns,
See More
Sweden proposes direct Pillar Two top-up tax liability for joint ventures
Sweden’s government has submitted a proposal to the Council on Legislation to make Swedish joint ventures and their subsidiaries directly liable for Swedish national top-up tax under the Pillar Two rules. The legislative amendments, published
See More
Philippines: DoF consults on ProGRESS tax reform bill incorporating global minimum tax
The Philippines Department of Finance (DoF) launched consultations on the ProGRESS Bill in Manila on 3 September 2026, gathering roughly 300 stakeholders from business, government, academics, civil society, and media to review the tax reform
See More
Australia enacts corporate tax loss carry-back rules
The Australian Tax Office (ATO) has confirmed on 8 September 2026 that legislation enabling corporate tax entities to carry back losses against prior-year tax payments is now law. The mechanism, introduced in the 2026–27 Budget, became operational
See More
Turkey expands tax exemptions to other banks
Turkey has expanded the scope of tax, duty, and fee exemptions applicable to foreign exchange-earning activities by extending eligible Central Bank of the Republic of Turkey rediscount credits to other banks. Presidential Decision No. 11723,
See More
US: IRS extends tax deadlines for Indiana taxpayers affected by severe storms
The US Internal Revenue Service (IRS) announced tax relief on 2 September 2026 following FEMA's disaster declaration for Indiana counties affected by severe storms, straight-line winds, tornadoes, and flooding that struck on 11 August
See More
Indonesia: DGT overhauls tax compliance supervision, expands digital transaction oversight
Indonesia's Directorate General of Taxes (DGT) rolled out three coordinated regulatory changes in July 2026 to modernise compliance oversight, expand data access, and capture revenue from digital transactions. The reforms mark a departure from
See More
Taiwan reminds businesses of cross-border e-service tax duties
Taiwan’s Yuanlin Office of the National Taxation Bureau of the Central Area, Ministry of Finance, has reminded domestic business entities and individuals purchasing cross-border electronic services from foreign suppliers, including Google,
See More
Taiwan expands payment channels for provisional corporate income tax
Taiwan’s Kaohsiung National Taxation Bureau, Ministry of Finance, has outlined multiple tax payment channels for profit-seeking enterprises filing provisional corporate income tax returns for fiscal year 2026, with the filing period running from 1
See More
Belgium: Court of Cassation rules subscription tax applies to Luxembourg funds
The United Chambers of Belgium's Court of Cassation has reversed earlier decisions from the Brussels Court of Appeal, clearing the way for Belgium to tax foreign investment institutions, according to an update published by Belgium’s government on
See More
Australia proposes 30% minimum tax on discretionary trusts to curb income splitting
Australia’s Treasury released an exposure draft legislation, on 3 September 2026, proposing a legislative framework for the Income Tax Rates Amendment Bill 2026, which introduces a 30% minimum tax on the income of discretionary trusts starting in
See More
Kenya: KRA requires businesses to maintain stock records through eTIMS
The Kenya Revenue Authority has issued a directive on 7 September 2026 requiring all taxpayers operating businesses to maintain current and precise stock documentation through the TIMS/eTIMS platform, in compliance with existing legislation. The
See More
UK proposes compulsory foreign permanent establishment exemption from 2027
The UK government has published draft legislation proposing to make the foreign permanent establishment (PE) exemption compulsory for UK-resident companies from 1 January 2027. The draft legislation, published on 13 July 2026, would amend Part 2
See More
Iceland: 2027 budget proposes financial institution tax hike, VAT measures
Iceland’s Ministry of Finance presented the 2027 Budget proposal on 7 September 2026, proposing higher taxes and fees, reduced tax incentives, and adjustments to existing charges to raise government revenue. The proposed tax and revenue
See More
Brazil: RFB launch withholding tax settlement program for non-resident investor disputes
Brazil’s tax authority, the Federal Revenue Service (RFB) and the Attorney General's Office for the National Treasury (PGFN) have released the Joint Transaction Notice PGFN/RFB No. 4/2026 on 4 September 2026, establishing a settlement framework
See More
Australia: ATO publishes final ruling on software royalties, expanded draft compliance guideline
The Australian Taxation Office published final Taxation Ruling TR 2026/2 Income tax: royalties – character of payments on 4 September 2026, establishing the ATO's position on software intermediation arrangements and when payments qualify as
See More
Australia: FBT rules tightening on salary sacrificed work benefits
The Australian Taxation Office (ATO) has announced reforms on 7 September 2026 that restrict how employers can reduce fringe benefits tax (FBT) liability when offering salary sacrificed work-related benefits, particularly for expenses covered by the
See More