Bulgaria enacts 2026 state social security budget with revised contribution bases
Bulgaria has published the State Social Security Budget Act for 2026 in the Official Gazette, setting new monthly bases for social security contributions following the country’s adoption of the euro. The maximum monthly basis for social
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Sri Lanka: IRD issues revised guidance on quarterly income tax instalment calculations
The Inland Revenue Department (IRD) of Sri Lanka has published a revised circular setting out how taxpayers should calculate quarterly income tax instalments following changes to the Inland Revenue Act, No. 24 of 2017. Circular SEC/2026/E/06 was
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China tightens tax scrutiny of offshore trusts, investments, insurance
China has expanded a tax-collection drive targeting undeclared income and capital gains from overseas assets held by ultra-high-net-worth individuals, as fiscal pressures deepen following the prolonged property market downturn, through Announcement
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Indonesia: DGT delays tax collection by e-commerce platforms until November 2026
Indonesia’s Directorate General of Taxes (DGT) has postponed the implementation of marketplace obligations to collect Article 22 Income Tax from domestic traders until 31 October 2026, with the collection requirement now scheduled to take effect
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South Africa: SARS issues rules for DTA advance pricing agreement system
South Africa has introduced a detailed framework for its Double Taxation Agreement (DTA) advance pricing agreement (APA) system through six income tax notices covering applicant eligibility, fees, rejection grounds, processing requirements,
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Netherlands: Tax Authorities clarify Pillar Two Minimum Tax Act 2024
The Dutch Tax Authorities have updated their Questions and Answers (Q&A) on the Minimum Tax Act 2024 (MTA 2024), providing revised guidance on the application of the legislation, including the treatment of penalties, tax interest, appeal periods
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Singapore: IRAS updates GST guidance for property owners
Singapore’s Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the GST treatment of property transactions, including the treatment of an Option to Purchase (OTP) containing a nominee clause. The IRAS has published the GST:
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Germany unveils action plan to increase detection, penalties for tax crime
Germany is to strengthen enforcement against tax and financial crime under a joint action plan presented by Federal Minister of Finance Lars Klingbeil and Federal Minister of Justice Dr Stefanie Hubig on 16 July 2026. The action plan focuses on
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Oman updates VAT regulations for mandatory e-invoicing
Oman has amended its Value Added Tax Law Regulations to introduce a two-phase mandatory electronic invoicing regime, with the first group of taxpayers required to comply from 1 April 2027. Two-phase implementation Decision No. 189/2026, issued
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Bolivia enacts five-year tax exemptions to boost key sectors
Bolivia’s Executive Branch has published Law No. 1755 of 30 July 2026 in the Official Gazette, which entered into force on the same day. The Executive Branch has introduced tax incentives through amendments to the 2026 General State Budget,
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Greece publishes 2024 tax regime jurisdiction list
Greece has listed 42 jurisdictions as having preferential tax regimes for the 2024 tax year under Decision No. A. 1160 of 29 July 2026, published in the Government Gazette Issue B΄ 4941 on 6 August 2026. The decision applies Article 65 of Law
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Italy clarifies superbonus property capital gains rules for co-owners
The Italian Revenue Agency clarified on 10 August 2026 through Response No. 158 that owners selling property upgraded through the Superbonus cannot claim construction costs paid by their co-owners to reduce their taxable capital gain. The ruling
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Romania: ANAF tightens VAT reimbursement screening with expanded risk criteria
Romania's National Agency for Fiscal Administration is amending Order No. 352/2022—which sets out the procedure for settling VAT returns with negative balances and reimbursement options—to incorporate new risk-detection rules introduced by
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Nigeria: NRS issues new guidelines on capital gains taxation, VAT refund claims
The Nigeria Revenue Service (NRS) has published three new guidelines dated 29 June 2026, incorporating changes introduced by the Nigeria Tax Act (NTA) 2025 and the Nigeria Tax Administration Act (NTAA) 2025, both of which took effect on 1 January
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Egypt updates taxpayer bookkeeping rules, state-owned company profit transfers
Egypt has enacted three laws introducing changes to state revenue collection, taxpayer bookkeeping requirements, temporary tax cards and the transfer of profits from state-owned companies to the General Treasury. Law No. 148 of 2026, Law No. 150
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Netherlands amends tax penalty rules to support Pillar Two, DAC8, DAC9 rollout
The Netherlands has gazetted Decision No. 2026-14582 of 30 July 2026 on 7 August 2026, bringing amendments to the Decree on Administrative Fines of the Tax and Customs Administration (BBBB). These changes primarily adapt the administrative penalty
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Luxembourg: Administrative Court rules on transfer pricing treatment of debt restructuring
The Luxembourg Administrative Court (Cour administrative) issued its decision in case 53194C on 22 July 2026, concerning the application of the arm’s length principle to an intra-group debt restructuring and the deductibility of interest
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Luxembourg: Tax Authorities remind taxpayers of Pillar Two filing obligations
Luxembourg’s Direct Tax Administration has urged constituent entities, joint ventures and entities affiliated with joint ventures to regularise outstanding Pillar Two filing obligations as soon as possible. In a 6 August 2026 reminder, the
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