Brazil: RFB, CGIBS set mandatory issuance schedule for tax documents under Consumption Tax Reform
The Brazilian Federal Revenue Service (RFB) and the CGIBS have announced on 31 July 2026 that the approval of Joint Act RFB/CGIBS No. 4 of 30 July 2026, in accordance with Article 112 of Decree No. 12,955/2026 (CBS Regulation) and CGIBS Resolution
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Brazil: RFB, CGIBS to publish joint act on mandatory electronic tax document dates for CBS, IBS
The Brazilian Federal Revenue Service (RFB) and the Management Committee for the Tax on Goods and Services (CGIBS) have announced, on 27 July, that a joint act establishing the start dates for the mandatory issuance of electronic tax documents
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Australia: ATO updates guidance on monthly GST reporting, extends authority to mandate switch for non-compliant businesses
The Australian Taxation Office (ATO) has updated its guidance on changing to monthly GST reporting, including new guidance on voluntarily switching GST reporting. It has also revised its guidance on when it may change a business's GST reporting
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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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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 lower tax rates for inherited property sales through combined ownership periods
Taiwan's Ministry of Finance has clarified that taxpayers selling inherited or bequeathed real estate may qualify for a significantly lower property income tax rate by combining the ownership periods of successive deceased owners when calculating
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Puerto Rico consolidates municipal sales and use tax filing into single state platform (SURI)
Puerto Rico Department of the Treasury has published Internal Revenue Circular Letter No. 26-13 on 30 June 2026, which details the mandatory integration of municipal sales and use tax (IVU) into the Unified Internal Revenue System
See MoreBrazil: Tax reforms moves to mandatory phase, CBS and IBS take effect in August
Brazil's tax reform—established by Constitutional Amendment No. 132/2023 and regulated by Complementary Law No. 214/2025—shifts from preparation to enforcement in July 2026. The Dual VAT system introduces CBS (Contribution on Goods and
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US: Illinois introduces digital advertising tax, social media fee, digital asset levy from 2027
Illinois has enacted new taxes on digital activities under SB 3019, effective from 1 January 2027. The measures include a 10% tax on gross receipts from targeted advertising services provided in Illinois, applicable to providers earning more than
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New Zealand: Inland Revenue issues guidance on GST for low-value pre-registration goods, services
New Zealand Inland Revenue has issued Tax Information Bulletin - June 2026 on 22 May 2026, which includes Commissioner's statement (CS) 26/02: GST treatment of low value pre-registration acquired goods and services, among other
See MoreBrazil introduces comprehensive indirect tax reform with new regulations for IBS, CBS
Brazil is implementing a major indirect tax reform, replacing five existing taxes — three federal (PIS, COFINS, IPI), one state (ICMS), and one municipal (ISS) — with two new taxes: CBS (federal contribution on goods and services), managed
See MoreCanada: CRA announces one-time groceries and essentials top-up payment for June 5
The Canada Revenue Agency (CRA) announced on 17 April 2026 that eligible Canadians will receive a one-time GST/HST credit top-up on 5 June 2026. The payment is part of the transition to the Canada Groceries and Essentials Benefit, which will replace
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Malaysia issues new exchange rate rules for sales and service tax invoicing
Malaysia’s Royal Malaysian Customs Department (RMCD) has issued Public Ruling No. 1/2026 (PR 1/2026) addressing the foreign currency exchange rate applicable for sales tax and service tax compliance. Effective 31 March 2026, it mandates that
See MoreBrazil plans oil revenue windfall to fund fuel tax relief
Brazil's government has introduced legislation proposing to use windfall revenue from elevated oil prices to finance temporary cuts in federal fuel taxes, as geopolitical tensions in the Middle East drive energy costs higher. Planning Minister
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Philippines removes excise tax on LPG, kerosene under energy emergency powers
President Ferdinand R. Marcos Jr. has removed the excise tax levied on liquefied petroleum gas (LPG) and kerosene, which took effect on 13 April 2026, as part of government measures to provide relief to Filipino households amid an ongoing energy
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Australia: ATO urges review of GST turnover to ensure accurate reporting, accounting methods
The Australian Taxation Office (ATO) has issued a notice on 7 April 2026, reminding businesses to review their GST turnover to ensure they are applying the correct GST reporting and accounting methods. The notice reported that some businesses
See MoreCanada: 2025 Budget Implementation Act overhauls transfer pricing rules, scraps digital services taxÂ
Canada’s Bill C-15, or the Budget 2025 Implementation Act, No. 1, which received Royal Assent on 26 March 2026, introduces a major overhaul of Canada's transfer pricing regime, repeals the Digital Services Tax, and enacts a wide array of business
See MoreMalaysia gazettes order on reduced service tax on rental, leasing services
Malaysia gazetted the Service Tax (Rate of Tax) (Amendment) Order 2026 on 13 March 2026, formalising a reduction in the service tax rate on rental and leasing services. Earlier, Malaysia’s Ministry of Finance released updated policy notices on
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