US: IRS opens 2027 application window for corporate tax compliance programme
The US Internal Revenue Service (IRS) announced on 8 September 2026 the opening of applications for the 2027 Compliance Assurance Process (CAP) programme, with submissions due by 30 October 2026. Notification of acceptance decisions will follow
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Brazil revises tax code with alternative dispute resolution framework, new penalty caps
Brazil has published Complementary Law No. 236 of 4 September 2026, amending the National Tax Code (Law No. 5.172 of 1966) to enhance tax collection and limit the application of penalties. The legislation promotes consensual dispute resolution,
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Australia: ATO updates guidance on hydrogen production tax incentive
The Australian Taxation Office (ATO) announced on 10 September 2026 that it updated the web guidance to help eligible companies understand the steps required to apply for the Hydrogen Production Tax Incentive (HPTI). The Australian Government has
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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 MÃnimo Complementario Doméstico (IMCD), for entities covered by certain fiscal stability
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Canada concludes budget 2026 consultations
Canada's Department of Finance announced on 9 September 2026 that it has concluded its pre-budget consultation process, drawing on input from workers, businesses, indigenous leaders, and individual citizens across the country. The consultations aim
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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,
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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
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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
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Lithuania: MoF unveils VAT gap measures
Lithuania’s Ministry of Finance has outlined measures to reduce the country’s VAT gap and shadow economy, with a target of bringing the VAT gap down to no more than 10% in 2026–2027 and 9% in 2028. Minister of Finance Taurimas Valys
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Australia enacts corporate tax loss carry-back rulesÂ
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
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European Commission reports growth in OSS VAT
The European Commission reported on 31 August 2026 that VAT declared through the EU’s three One-Stop Shop (OSS) schemes rose to more than EUR 38.8 billion in 2025, an increase of EUR 5.7 billion, or 17%, from the previous year. The Union OSS
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France starts nationwide e-invoicing rollout for businesses
France's Directorate General of Public Finance began the nationwide rollout of business-to-business electronic invoicing on 1 September 2026. Large and medium-sized enterprises must now issue invoices electronically, while all businesses, regardless
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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,
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Turkey raises withholding tax on money market funds
Turkey’s Revenue Administration has announced that Presidential Decision No. 11734, published in the Official Gazette No. 33361 on 5 September 2026, raises the withholding tax rate on certain money market fund earnings from 0% to 10% for corporate
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Thailand signs multilateral agreement on GloBE information exchange (GIR MCAA)
Thailand signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 4 August 2026, according to an OECD update. The GIR MCAA is intended to reduce compliance burdens for multinational enterprise (MNE)
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Argentina: Government defers fuel tax increases until October 2026
Argentina’s government has published Decree 829/2026 in the Official Gazette on 31 August 2026 to manage national fuel taxes. The legislation specifically targets the carbon tax and levies on liquid fuels such as unleaded gasoline and
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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
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Serbia: MoF revises VAT rules, reporting requirements
Serbia’s Ministry of Finance has adopted amendments to the Rulebook on Value Added Tax (VAT), published in Official Gazette No. 71/2026. The amendments will apply from the tax period beginning in January 2027, covering the January–March 2027
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