France restores standard deadline for withholding tax claims
France has restored the standard time limit for withholding tax claims by repealing the reduced one-year deadline through Decree No. 2026-692 of 27 July 2026, published on 29 July and effective from 30 July 2026. The measure implements Conseil
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Turkey: Revenue Administration updates tax penalty reduction guide
Turkey’s Revenue Administration has updated and published the Guide on the Tax Penalty Reduction Application, explaining the scope of penalties covered, eligibility requirements, reduction rates, application procedures and payment obligations
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UAE: FTA issues registration, deregistration rules under Pillar Two Top-up tax
The UAE Federal Tax Authority (FTA) issued Federal Tax Authority Decision No. 12 of 2026, establishing the registration, deregistration and notification requirements for entities subject to the domestic Top-up Tax under Cabinet Decision No. 142 of
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Romania: Finance ministry unveils automatic 3% tax rebate for microenterprises
Romania’s Ministry of Finance, in a press release, has approved the procedural mechanism for delivering a 3% rebate on profit and income taxes to microenterprises for the 2025 fiscal year, implementing Government Emergency Ordinance no. 8/2026.
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Taiwan reminds businesses of documentation requirements for CFC FVPL tax deferral election
Taiwan's Ministry of Finance, in a notice on 4 August 2026, has reminded enterprises that elect to defer the recognition of unrealized gains and losses from fair value through profit or loss (FVPL) financial instruments held by their Controlled
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Austria publishes updated regulation reflecting EU list of non-cooperative tax jurisdictions
The Austrian Federal Ministry of Justice has published the Tax Haven Notification Regulation 2026 (StO-KVO 2026) in the Official Gazette on 3 August 2026, updating the country's reference to the European Union's list of non-cooperative jurisdictions
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Thailand extends reduced VAT rate period to September 2027
Thailand’s Revenue Department has confirmed that the Value Added Tax (VAT) rate of 7% will continue following the Cabinet’s approval of a proposal to extend the period for reducing the VAT rate until 30 September 2027. The Ministry of
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US: Treasury, IRS issue guidance on the permanent expansion of paid family and medical leave under the Working Families Tax Cuts
The Department of the Treasury and the Internal Revenue Service (IRS) announced that it issued Notice 2026-28 on 5 August 2026, providing guidance on the employer credit for paid family and medical leave (PFML) under the Working Families Tax Cuts
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Australia: Treasury consults on CGT, Negative Gearing Tranche 2
The Australian Treasury has launched a public consultation on the Capital Gains Tax and Negative Gearing – Tranche 2 legislation on 4 August 2026. Comments on the consultation are due by 21 August 2026. In the 2026–27 Budget, the
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UAE: FTA reminds small business relief beneficiaries of corporate tax compliance obligations
The UAE Federal Tax Authority (FTA), in a notice on 3 August 2026, has reminded taxable persons eligible for small business relief that they must submit simplified corporate tax returns within prescribed legal deadlines. FTA has emphasised that
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South Africa consults on 2026 draft tax legislation
South Africa's National Treasury and the South African Revenue Service (SARS) have launched a public consultation on the 2026 draft Taxation Laws Amendment Bill (2026 draft TLAB) and the 2026 draft Tax Administration Laws Amendment Bill (2026 draft
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US: IRS, Security Summit warns tax pros to watch out for phishing emails and other attacks
The US Internal Revenue Service (IRS) and Security Summit partners issued a notice on 4 August 2026 warning tax professionals to watch for phishing emails and other schemes designed to steal sensitive taxpayer data. This is the second in the
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Poland: Ministry of Digital Affairs unveils draft 3% digital services tax
Poland's Ministry of Digital Affairs has published a draft bill introducing a Compensatory Tax on Certain Services, effectively establishing a Digital Services Tax (DST) on 31 July 2026. The tax applies to online targeted advertising, the
See MoreAustralia: ATO sets final reminder for TPAR, ends paper lodgments
The Australian Taxation Office (ATO) has issued a final reminder that businesses and government entities making payments to contractors must lodge their Taxable Payments Annual Report (TPAR) on 3 August 2026. The ATO has also announced that it no
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Australia: ATO updates Pillar Two guidance on GIR lodgment, joint ventures
The Australian Taxation Office (ATO) has updated its guidance on Lodging, Paying and Other Obligations for Pillar Two on 4 August 2026. The revised guidance introduces new sections covering the lodgment of the GloBE Information Return (GIR),
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Brazil bars in-person issuance of individual income tax return copies
The Brazilian Federal Revenue Service (RFB) announced the publication of Ordinance RFB No. 713, dated 30 July 2026, amending rules governing in-person taxpayer services. Among the changes is the prohibition on providing copies of the Individual
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UK: HMRC outlines changes to VAT Capital Goods Scheme
The UK HM Revenue & Customs (HMRC) published Revenue and Customs Brief 7 (2026): Changes to the VAT Capital Goods Scheme on 30 July 2026, outlining changes to the assets covered under the VAT Capital Goods Scheme. The UK tax system simplified
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Germany approves permanent 7% VAT for restaurant food
The German government has approved the Tax Amendment Act 2025 (Steueränderungsgesetz 2025), introducing a permanent 7% VAT rate for restaurant and catering food, excluding beverages, from 1 January 2026. The measure amends sec. 12 para. 2 no. 15
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