Slovak Republic clarifies corporate minimum tax rules, offers 50% reduction for 20% disabled workforce
The Financial Administration of the Slovak Republic has published new guidelines on the minimum tax applicable to legal entities, taking into account amendments introduced by Law 261/2025 of 24 September 2025. The guide explains the Slovak
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China: New offshore trust tax forces wealthy to reassess holdings
China’s tax authorities have implemented a 20% levy on offshore trust structures, creating immediate pressure on wealthy mainland investors to recalculate their liabilities and restructure holdings. The new rules, introduced in late July 2026,
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Spain clarifies Pillar Two exclusion for publicly owned commercial entities
Spain's General Directorate of Taxes (DGT) has ruled that publicly owned commercial entities are not automatically excluded from the scope of Pillar Two, and that qualification as an excluded governmental entity must be assessed on a case-by-case
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Portugal clarifies VAT rules for urban rehabilitation works
Portugal has clarified the conditions for applying the reduced VAT rate to urban rehabilitation works, confirming that the 6% rate applies where properties or public spaces are located within legally designated Urban Rehabilitation Areas (ARUs),
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OECD: TIWB expands support for global minimum tax implementation
Tax Inspectors Without Borders (TIWB), a joint initiative of the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP), helped developing countries collect an additional USD 2.72 billion in
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Poland proposes 22% CIT rate for large companies in tax reform package
Poland’s government has unveiled a package of tax changes that would increase the basic CIT rate to 22% for entities with annual revenues exceeding EUR 50 million and for tax capital groups, while introducing changes to several other tax
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Taiwan requires tax certificate before registration of gifted unlisted company equity transfers
The Kaohsiung National Taxation Bureau, Ministry of Finance, has reminded businesses handling gifted equity in unlisted companies that a certificate issued by the tax collection authority must be obtained before the ownership transfer registration
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Panama: Revenue Authority updates CRS jurisdiction list
Panama’s General Revenue Directorate has formally adopted a list of 108 participating jurisdictions for the automatic exchange of financial information under the Common Reporting Standard (CRS). Resolution No. 201-5324 was issued on 15 July
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Taiwan: Taxation Bureau clarifies input tax rules for purchase returns amid suspension
Taiwan's Kaohsiung National Taxation Bureau has clarified today, 20 August 2026, that businesses which have already declared an input tax deduction against output tax for goods or services acquired for their main or ancillary operations must still
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Panama: Cabinet proposes equalisation of the tax regime, applied to trade in the digital economy
Panama’s Cabinet Council announced, on 19 August 2026, that it approved sending Bill 30-26 to the National Assembly for consideration. This bill amends and supplements provisions of the Tax Code related to the taxation of certain digital economy
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US: IRS reminds tax professionals to maintain written information security plans
The US Internal Revenue Service (IRS) and Security Summit partners reminded tax professionals, on 18 August 2026, to protect client data with a Written Information Security Plan. Federal law requires tax and accounting professionals to create and
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Netherlands limits split-up tax deferrals, explicitly excludes anti-abuse protections
The Netherlands has published Decree No. 2026-262957 of 6 August 2026 (demergers) from the State Secretary for Finance on pure demergers on 18 August 2026. The Decree No. 2026-262957 of 6 August 2026 outlines the Dutch tax policy regarding pure
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Brazil advances tax compliance plan for IBS, CBS transition
Brazil’s Federal Revenue, the Management Committee of the Goods and Services Tax (CGIBS) and the Federal Accounting Council (CFC) have agreed on measures to implement the National Tax Compliance Plan (PNCT), including requirements for tax
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Taiwan reminds businesses of 2026 provisional corporate tax filing rules
Taiwan’s Kaohsiung National Taxation Bureau, Ministry of Finance, has reminded businesses that the 2026 provisional corporate income tax filing period will begin on 1 September 2026. Businesses using the “standard provisional payment”
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Germany: Federal Fiscal Court clarifies minimum taxation, loss carryforwards
Germany’s Federal Fiscal Court (BFH) has confirmed the constitutionality of statutory minimum taxation rules while finding that tax authorities must reconsider a request for equitable relief where restrictions on loss carryforwards create a
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Germany gazettes amended minimum tax report ordinance
Germany has amended and renamed its Minimum Tax Report Ordinance, restructuring the regulation and adding a comprehensive list of foreign tax jurisdictions recognised for the purposes of the country's Minimum Tax Act, according to a notice published
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China grants corporate tax deferral on equipment swaps for chipmakers, machine tool firms through 2028
China's Ministry of Finance, State Taxation Administration, National Development and Reform Commission, and Ministry of Industry and Information Technology issued Announcement No. 23 of 2026 on 31 July 2026, establishing a temporary corporate income
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US: Treasury, IRS consults CFC election to simplify Section 987 foreign currency rules
The US Department of the Treasury and the IRS have initiated a public consultation regarding proposed regulations (REG-103844-26) allowing controlled foreign corporations (CFCs) to elect not to compute or recognise foreign currency gain or loss
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