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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Brazil announces deadline to apply for the Simplified National Tax Regime
Brazil's Federal Revenue Service (RFB) announced, on 19 August 2026, that companies wishing to join the Simplified National Tax Regime (Simples Nacional) must submit applications in September 2026 rather than January 2027. The change stems from
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Slovak Republic: Government approves draft bill to implement Side-by-Side package
The Slovak Republic government has approved a draft bill amending Act No. 507/2023 Coll., which implements the EU Minimum Taxation Directive. The draft bill was approved by Government Resolution No. 320/2026 on 19 August 2026. The bill introduces
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Greece: AADE targets tourist vessel tax compliance
Greece’s Independent Authority for Public Revenue (AADE) has identified tax violations on 12 of 26 tourist vessels inspected in Santorini, representing a 46% violation rate, during a targeted tax inspection operation. The operation, named
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India: MoF revises excise duty on ATF
India’s Ministry of Finance (MoF) has revised the Special Additional Excise Duty (SAED) rate on exports of Aviation Turbine Fuel (ATF) to INR 19.5 per litre, effective from 15 August 2026. The change was made through Notification No.
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Ecuador introduces new audiovisual tax credit rules
Ecuador has introduced new technical regulations for audiovisual investment certificates (AICs), changing how projects apply for, receive and complete the tax incentive. The Ministerial Agreement MPCEI-MPCEI-2026-0039-A was published in the
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Argentina: ARCA updates automatic exchange of information rules under CRS
Argentina's Customs and Revenue Collection Agency (ARCA) has updated the automatic exchange of financial information regime, known as the Common Reporting Standard (CRS), through General Resolution 5887/2026. The amendment clarifies the scope of
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UK: HMRC urges remaining customers to sign up ahead of September deadline
The UK HM Revenue & Customs (HMRC) has announced that more than 436,000 sole traders and landlords have successfully sent their first Making Tax Digital (MTD) for Income Tax quarterly update for the 2026 to 2027 tax year, with over 570,000
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Chile: SII clarifies tax treatment of stablecoins used for cross-border services
The Chilean tax authority (SII) announced it published Letter Ruling No. 1982 on 10 August 2026, addressing the use of stablecoins as consideration for cross-border services. Letter Ruling No. 1982 establishes the tax treatment for transactions
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Netherlands tax authority updates legal merger framework for 2026
The Netherlands published Decree No. 2026-262956 of 6 August 2026, issued by the State Secretary for Finance, setting out tax-neutral restructuring relief for qualifying legal mergers. The decree outlines the updated 2026 regulatory framework for
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Bolivia: SIN simplifies tax procedures under new administrative reform
Bolivia’s tax authority (SIN) announced on 17 August 2026 that it has streamlined taxpayer requirements under the "Zero Block" Program, rolling out regulatory changes through Resolution 102600000031 issued on 13 August 2026. The reforms respond
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