Belgium moves to dual e-reporting of invoices starting 2028
Belgium's Council of Ministers approved a preliminary draft law amending the Value Added Tax Code on 18 July 2026, requiring companies to report invoice data electronically in near real time to tax authorities starting in 2028. The measure
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Hungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptions
Hungary’s government has submitted Draft Law T/387 to the parliament on 17 July 2026 to implement commitments under the Recovery and Resilience Facility (RRF) plan by August 31, 2026, alongside other government programs. This legislative
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Chile: SII clarifies arm’s length pricing for intangibles
The Chilean tax authority (SII) has released Letter Ruling No. 1801, dated 20 July 2026, in response to a taxpayer inquiry on whether the DEMPE analysis set out in Chapter VI of the OECD Transfer Pricing Guidelines is an appropriate method for
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UK to reduce business tax for pubs, clubs, music venues
The UK government has announced a 20% reduction in business rates bills for pubs, social clubs and live music venues across England from April 2027, a move expected to benefit nearly 32,000 venues and save the typical pub an estimated GBP 1,100 in
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Luxembourg approves draft law for mandatory domestic B2B e-invoicing
Luxembourg's Government Council has approved a draft law to extend mandatory electronic invoicing to domestic business-to-business (B2B) transactions between businesses established in the country. The proposal, approved on 17 July 2026, remains
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Taiwan clarifies tax treatment of fines under Income Tax Act
Taiwan’s National Taxation Bureau of the Central Area, Ministry of Finance, stated that Article 38 of the Income Tax Act stipulates that losses incurred not in the course of operation of business or subsidiary business, as well as surcharges for
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Belgium introduces Pillar Two mandate for professional tax representatives
Belgium's Federal Public Service (SPF) Finance has updated its Pillar Two guidance on 23 July 2026 to introduce a new Pillar Two mandate, allowing companies to formally appoint a professional representative, such as an accounting firm or an
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Australia: ATO raises Division 7A benchmark interest rate for 2026–27
The Australian Taxation Office (ATO) has updated the Division 7A benchmark interest rate used to calculate the minimum repayments required for amalgamated private company loans to shareholders on 1 July 2026. If the required repayment is not met,
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UAE: FTA approves higher number of VAT refund claims for new residences in 2026
UAE’s Federal Tax Authority (FTA) has reported on 21 July 2026, an increase in the number of beneficiaries of the VAT Refund Scheme for UAE Nationals Building New Residences during the first half of 2026. The Authority approved approximately
See MoreTaiwan reminds taxpayers to report gains from unlisted stock transactions in basic income tax
Taiwan’s Southern Area National Taxation Bureau of the Ministry of Finance stated that when an individual trades shares, new share entitlement certificates, share payment certificates, or certificates representing rights issued or privately placed
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Algeria completes ratification of mutual assistance convention
Algeria deposited its instrument of ratification for the OECD–Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 Protocol, on 16 July 2026, according to an OECD update on 20 July 2026. This
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Thailand approves draft decree to expand, extend tax incentives for Social Enterprises
Thailand's Cabinet approved in principle a draft Royal Decree under the Revenue Code at its meeting on 21 July 2026, revising tax measures supporting Social Enterprises through amendments to Royal Decree (No. 735) B.E. 2564 (2021). According to
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Italy confirms cross-border UCITS mergers are tax-neutral for investors
Italian investors holding shares in collective investment funds can now participate in cross-border UCITS (undertakings for collective investment in transferable securities) mergers tax-free. The Italian Revenue Agency confirmed this position on 20
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South Africa: SARS updates interest rates on taxes, refunds, credit amounts
The South African Revenue Service (SARS) has released updated interest rate tables on 20 July 2026. The revised tables set out the applicable interest rates on outstanding taxes, interest rates payable on certain tax refunds, and interest rates
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Ireland publishes report on proposed eWHT consultation
The Irish Department of Finance and Revenue published the report on the public consultation on the proposed electronic withholding tax (eWHT) model on 22 July 2026. The consultation, which ran from 5 December 2025 , invited views from businesses,
See MoreTaiwan clarifies business tax registration rules for influencers
Taiwan’s Northern Region National Taxation Bureau of the Ministry of Finance stated, on 23 July 2026, that, with the rapid growth of social media platforms and online self-media, it has become increasingly common for influencers to receive
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Poland eases transfer pricing compliance, payment penalties
The Polish Council of Ministers approved amendments to the Personal Income Tax Act and Corporate Income Tax Act on 21 July 2026, designed to cut red tape around transfer pricing disclosures and reduce penalties for misfiled payments. The changes
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Poland raises e-cigarette excise tax to PLN 50 per unit, closes design loopholes
Poland's Council of Ministers approved an amendment to the Excise Duty Act on 21 July 2026, closing loopholes in how the government taxes e-cigarettes and vaping equipment. The new rules treat all vaping devices the same way regardless of their
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