Bahrain: NBR releases updated VAT guide clarifying capital asset adjustments when business use changes over time
Bahrain's National Bureau for Revenue (NBR) has published Version 1.15 of its VAT General Guide, updated on 29 July 2026. This follows the National Bureau for Revenue (NBR) releasing an updated VAT General Guide on 28 January 2026. The revised
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Philippines launches EVIS programme with up to 40% investment support for EV manufacturers
The Philippines has introduced a new package of tax incentives for the electric vehicle sector under the Electric Vehicle Incentive Strategy (EVIS) Programme, approved through Executive Order No. 121. Executive Order No. 121 establishes the EVIS
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Argentina extends tax enforcement suspension for healthcare providers, non-profit organisations until end-2026
Argentina's Customs Collection and Control Agency (ARCA) announced, on 31 July 2026 ,that it has extended the suspension of the initiation of tax enforcement proceedings and the execution of precautionary measures until 31 December 2026, in
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Malta updates guidance on new fiscal receipt rules for Article 11 VAT-exempt SMEs
Malta’s Commissioner for Tax and Customs has released updated guidance on how small and medium enterprises registered under Article 11 must configure their fiscal cash registers to meet statutory receipt requirements. The Commissioner for Tax
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OECD updates signatories list for MCAA-CbC
The Organisation for Economic Cooperation and Development (OECD) released an updated list of signatories, along with their signing dates, for the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports
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Senegal exempts VAT on agricultural equipment
Senegal has exempted specified agricultural equipment, facilities, and services from VAT under Joint Order No. 019972 of 17 July 2026, signed by the ministers responsible for finance and agriculture. The order is awaiting publication in the Official
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Ukraine: NBU raises key policy rate to 15.5%
Ukraine's central bank has raised its key policy rate by 0.5 percentage points to 15.5%, effective 31 July 2026, citing persistent underlying inflationary pressures and expectations that headline inflation will accelerate further before
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Mexico updates register of non-resident digital service providers for VAT purpose
Mexico's Tax Administration Service (Servicio de Administración Tributaria, SAT) has published an updated list of non-resident digital service providers registered for VAT purposes, with 286 entities included as of 30 June 2026. The update was
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Greece restores Paying Agency accreditation following EU review
Greece has secured confirmation from the European Commission that the accreditation of its Paying Agency has been reinstated, marking the restoration of the country's agricultural payments body after reforms implemented under an Action Plan covering
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Belgium amends withholding tax rules following personal income tax reform
Belgium's Federal Public Service Finance has published the Royal Decree of 24 July 2026 in the Official Gazette on 30 July 2026, amending the rules governing the application of withholding tax. The decree introduces several important amendments to
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Colombia: DIAN introduces new identity validation for electronic invoice searches
Colombia’s National Tax and Customs Directorate (DIAN) has introduced a new validation mechanism for its Electronic Invoicing System from 28 July 2026, adding additional identity verification requirements for users accessing documents through the
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Brazil: RFB, CGIBS set mandatory issuance schedule for tax documents under Consumption Tax Reform
The Brazilian Federal Revenue Service (RFB) and the CGIBS have announced on 31 July 2026 that the approval of Joint Act RFB/CGIBS No. 4 of 30 July 2026, in accordance with Article 112 of Decree No. 12,955/2026 (CBS Regulation) and CGIBS Resolution
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Brazil to ease mandatory tax information requirements in electronic fiscal documents
Brazil's Federal Revenue Service (Receita Federal) and the IBS Management Committee (CGIBS) will suspend the mandatory requirement to complete fields relating to the Contribution on Goods and Services (CBS) and the Tax on Goods and Services (IBS) in
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Lebanon raises threshold for exceptional tax on profits
The Lebanese Ministry of Finance issued new rules governing the exceptional tax on profits from US dollar purchases made through the former Sayrafa platform, increasing the eligibility threshold while detailing how taxpayers, banks and the tax
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Lebanon grants tax penalty reductions on eligible assessments until end-2026
Lebanon's Ministry of Finance (MoF) has issued Decision No. 642/1 on 10 July 2026, granting reductions in tax penalties for eligible tax assessments issued from 16 November 2022, the publication date of the 2022 Budget Law. The measure, issued
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Malaysia issues transfer pricing guidelines for intra-group loans
Malaysia's Inland Revenue Board (IRBM) has published the Malaysia Transfer Pricing Guidelines for Intra-Group Loans (MFTIL), providing a comprehensive framework for determining whether financing transactions between associated persons comply with
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UK updates guidance on transitional approach to Pillar Two GIR filing, exchange
The UK’s His Majesty’s Revenue and Customs (HMRC) has updated its Pillar Two guidance to confirm the adoption of the OECD’s transitional approach for the central filing and exchange of the GloBE Information Return (GIR). Under the updated
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US: IRS grants Form 990 filing relief to foreign FIFA World Cup 2026 participants
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-28, exempting certain foreign FIFA member associations that participated in the FIFA World Cup 2026 from filing US Federal Form 990 (Return of Organisation Exempt From Income
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