Singapore: IRAS updates GST guidance on foreign currency transactions
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on foreign currency transactions, adding sections on approved exchange rate sources, the treatment of different transaction types, and the reporting of exchange gains and
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Korea (Rep.) extends fuel tax cuts through November 2026
Korea (Rep.) will extend its fuel-tax cuts for another two months through the end of November 2026, the Ministry of Finance said on 18 September 2026. The existing tax reductions of 15% on gasoline and 25% on diesel and butane will remain in
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Germany cuts fuel taxes to address record-high prices
Germany's government announced a fuel tax cut on 18 September 2026 to help motorists and businesses struggling with soaring energy costs. The energy tax on gasoline and diesel will drop by EUR 0.14 per litre, reducing total costs by approximately
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Cyprus extends fuel tax reduction to November 2026
The Cyprus Council of Ministers approved a proposal from the Ministry of Finance on 10 September 2026 to extend the reduction in Special Consumption Tax (SCT) rates on motor fuels until 30 November 2026. The reduction, which was due to expire on 17
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Hong Kong announces 2026 policy address, unveils corporate tax incentives and family tax relief
Hong Kong has announced the release of the Hong Kong Chief Executive's 2026 Policy Address on 16 September 2026. The tax policy measures outlined in the Hong Kong Chief Executive's 2026 Policy Address form a central part of the HKSAR
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Brazil: RFB sets September deadline for simplified national, consumption tax choices
Brazil’s tax authority, the Federal Revenue Service (RFB) announced on 1 September 2026 that small and micro-enterprises face a critical decision window through 30 September 2026. Companies must finalise their position on the Simplified
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Australia: ATO clarifies GST registration rules for religious institutions
The Australian Taxation Office (ATO) has issued guidance on 24 August 2026, clarifying the GST obligations of religious institutions. Like other not-for-profit organisations, religious institutions must register for GST if their GST turnover reaches
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Italy: Milan Court rules consignment sales fall outside digital services tax scope under consignment-type agreements
The Italian Ministry of Economy and Finance has published Judgment No. 292, issued by the Milan Tax Court on 20 January 2026, concerning the application of Italy’s 3% Digital Services Tax (DST) to online sales. Introduced in 2020, the DST
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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 exemptions
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
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