Botswana: BURS suspends VAT on medical services pending stakeholder consultations
The Botswana Unified Revenue Service (BURS) issued a public notice on 30 July 2026 suspending the implementation of 14% VAT on medical services, which was scheduled to take effect from 1 August 2026. The suspension will allow BURS to consult with
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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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Namibia: NRA reminds taxpayers of five-year record retention requirement
The Namibia Revenue Agency (NamRA) has reminded taxpayers, traders, tax professionals and the public of their statutory obligations to retain business records and supporting documents, according to a public notice on 15 July 2026. Under the
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Singapore: MAS announces tax break, incentives to strengthen asset management competitiveness
The Monetary Authority of Singapore (MAS) announced three new measures on 19 August 2026 to enhance Singapore’s competitiveness as a leading asset management hub. The measures include a proposed tax exemption on profit-related returns from fund
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Finland: MoF consults tax procedure changes to expand digital reporting, strengthen enforcement
Finland’s Ministry of Finance has submitted a draft proposal for public consultation, seeking amendments to the Tax Procedure Act and related legislation on 21 August 2026. The changes target three main areas: digitalisation of tax reporting,
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Lithuania consults draft shipping tonnage tax amendments
Lithuania has opened a consultation on draft amendments to the Law on Corporate Income Tax that would extend the tonnage tax scheme for shipping companies until 31 December 2036 and ease bareboat charter-out rules for transactions between entities
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Lithuania: VMI clarifies rules on foreign tax deductions
Lithuania’s State Tax Inspectorate (VMI) has updated its official commentary on the Law on Corporate Income Tax, clarifying how corporate income tax or an equivalent tax paid abroad can be deducted from Lithuanian corporate income tax. The
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Colombia introduces tax measures to support music sector
Colombia has introduced a legal framework to recognise, promote and strengthen its music sector, including tax measures covering musical products, equipment, manufacturing inputs and contributions to the sector. The measures are set out in Law No.
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UAE: FTA establishes rules for maintaining accounting records
The UAE Federal Tax Authority (FTA) has issued Decision No. 4 of 2026 on 2 June 2026, setting out rules and requirements for maintaining information contained in accounting records and commercial books. The decision establishes the applicable
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France strengthens tax incentives for investment, innovation, green industry
France’s tax system provides a broad range of incentives aimed at supporting investment, innovation, business development and the environmental transition. The framework includes reductions in corporate income tax and local taxation, alongside
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Russia: FTS to introduce updated 3-NDFL tax return form from September 2026
Russia’s Federal Tax Service (FTS) will introduce an updated 3-NDFL tax return form (KND 1151020) from 1 September 2026, following the enactment of Federal Tax Service of Russia Order No. ED-1-11/333@ dated 25 May 2026. The order amends the 3-NDFL
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Australia: ATO releases draft ruling on tax treatment of crypto airdrops
The Australian Taxation Office (ATO) has released Draft Taxation Ruling TR 2026/D1 (Income tax: receipt and disposal of crypto assets by an airdrop) for public consultation, outlining the capital gains tax (CGT) treatment of crypto-assets received
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Portugal overhauls SIFIDE II R&D tax incentive regime
Portugal has enacted a major reform of its tax incentives for business research and development (R&D), extending direct relief under the SIFIDE II regime through 2026 while abolishing the mechanism that allowed companies to obtain deductions
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Taiwan passes estate, gift tax amendments to reform treatment of pre-death gifts
Taiwan’s Legislative Yuan on 21 August 2026 passed at third reading a draft amendment to parts of the Estate and Gift Tax Act. The amendments standardise the treatment of certain gifts made before death when calculating estate tax and rationalise
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Uganda enacts income tax, excise duty amendment Acts 2026
Uganda has enacted the Income (Amendment) Act 2026 and the Excise Duty (Amendment) Act 2026 after President Yoweri Museveni assented to the two Bills on 20 August 2026. The legislation follows the reconsideration of the Income Tax (Amendment)
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Chile: SII extends deadline for taxpayers with outstanding solidarity loan debts
Chile's Internal Revenue Service (SII) announced, on 20 August 2026, that it has given 900,000 individual low-income taxpayers an additional three months to settle their tax obligations related to unpaid Solidarity Loan instalments from 2020 and
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Morocco announces ratification of MCAA-CbC
Morocco published Royal Decree No. 1.26.72 in the Official Gazette on 12 August 2026, promulgating Law No. 76.19, which ratifies the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA). The law
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Taiwan approves wider insurance tax deductions
Taiwan’s Legislative Yuan on 21 August 2026 passed the third reading of amendments to Articles 17 and 126 of the Income Tax Act, increasing tax-exempt allowances for minor children and removing the TWD 24,000 cap on itemised deductions for certain
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