US: IRS opens applications for 2026 Compliance Assurance Program
The 2026 Compliance Assurance Process (CAP) program application period will run from 3 September to 31 October 2025. The US Internal Revenue Service (IRS) has released IR-2025-84 on 18 August 2025, in which it announced the opening of the 2026
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New Zealand to replace petrol tax with distance-based road charges
New Zealand will shift from petrol taxes to electronic road user charges for all vehicles, starting a staged overhaul of its road funding system. New Zealand’s government announced plans, on 6 August 2025, to overhaul its road funding system,
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India to cut GST on small cars, health and life insurance premiums
The government proposed cutting GST on small cars from 28% to 18% and reducing GST on health and life insurance premiums to as low as 5% or zero. India’s government has proposed reducing the Goods and Services Tax (GST) on small cars from 28%
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Canada: DoF consults previously announced draft tax rules
The deadline for sending feedback is 12 September 2025. Canada’s Department of Finance has unveiled draft legislation for consultation on 15 August 2025, aimed at implementing various previously announced and additional tax measures. The
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Colombia invites applications for R&D&I projects with tax incentives
Colombia’s MinCiencias launches Call 970 for R&D&I projects eligible for 50% tax credits or 30% deductions, with applications open until 10 September 2025. The Colombian Ministry of Science, Technology and Innovation (MinCiencias)
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US: Tax rule revisions ease concerns for clean energy investors, IRS clarifies tax credit phaseout
The Trump administration’s revised subsidy rules, effective 2 September, narrowed the “under construction” definition for solar and wind projects to qualify for a 30% federal tax credit, requiring substantial physical work while maintaining a
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Japan, UAE hold fourth round of CEPA negotiations
The fourth round of CEPA negotiations between Japan and the UAE from 4–8 August 2025, focused on trade, competition, and intellectual property. The Ministry of Foreign Affairs of Japan reported on 8 August 2025 that the fourth round of
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Austria to leverage AI to recover EUR 354M in 2024 tax revenue
Austria’s finance ministry says AI helped uncover tax fraud, generating an extra EUR 354 million in tax revenue in 2024. Austria’s Ministry of Finance announced on 13 August 2025 that its use of artificial intelligence (AI) helped generate an
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South Africa extends energy efficiency tax incentive to 2030
South Africa extends Section 12L Energy-Efficiency Tax Incentive to 2030, supporting business energy savings and carbon reduction. The South African government announced it has extended the Section 12L Energy-Efficiency Tax Incentive by five
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Indonesia introduces no new taxes for 2026 budget, plans to generate additional revenue from internal reforms
The 2026 budget will not introduce any new taxes; instead, additional revenue will come from internal tax reforms. Indonesia’s President Prabowo Subianto has proposed a USD 234 billion budget for 2026 on 15 August 2025, marking a 7.3% increase
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Malaysia: IRB revises capital gains tax guidance for unlisted shares
The guidelines outline the CGT treatment for gains from disposing of unlisted shares and relevant company shares. Malaysia’s Inland Revenue Board (IRB) has published the updated guidelines on capital gains tax for unlisted shares on 21 July
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Brazil unveils Sovereign Plan to shield exports from US tariffs
Brazil’s Sovereign Brazil Plan introduces measures including BRL 30 billion in affordable credit, extended export compliance deadlines, and increased REINTEGRA refund rates to protect exporters, preserve jobs, attract investment, and support
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UN Tax Convention discusses fast-track mechanism for tax protocols
On 13 August 2025, during the third day of the second session of the United Nations Framework Convention on International Tax Cooperation, delegates discussed creating a fast-track instrument to implement Protocol I on taxing income from
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Poland: Ministry of Digital Affairs proposes levy on digital services
The proposed DST targets companies with global revenues over EUR 750 million, applying varying rates ranging from 3% to 6% for broad digital activities like platforms, ride-sharing, and data sales, and 5% to 7.5% for targeted digital
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Denmark: Tax authorities alert businesses about VAT return deadlines for August 2025
In 2025, monthly VAT filers must submit their June report by 18 August, while quarterly or semiannual filers must submit their second-quarter or first-half reports by 1 September. The Danish Tax Agency (Skat) has issued a reminder for companies
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Chile: SII updates rules for digital platforms to confirm users’ tax registration
The new rules mandates digital payment and intermediation platforms to verify users' compliance with business activity obligations through the SII platform’s “situación tributaria” option, API tax ID queries, or other SII-provided digital
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Italy: Tax authorities revise guidelines for tax control framework
The tax control framework (TCF) is aimed at detecting, measuring, managing, and controlling tax risks for taxpayers in the cooperative compliance programme to foster improved communication and cooperation with tax authorities. Italy’s tax
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Brazil launches export support programme, extends incentives for small enterprises
Brazil has extended the REINTEGRA tax credit programme to micro and small exporters, allowing them to recover 0.1%–3% of export revenue in indirect taxes, with a 3% credit rate set for 2025–2026 and a review planned for 2027. Brazil’s
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