Taiwan clarifies business tax rules for non-profits selling goods or services
Taiwan's National Taxation Bureau of the Central Area has clarified how non-profit educational, cultural, public welfare and charitable institutions must report and pay business tax when they sell goods or services, following an enquiry from an
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Taiwan tightens corporate tax rules for property leasing entities
Taiwan's Central District National Taxation Bureau, under the Ministry of Finance, had amended rules governing corporate income tax filings for businesses that lease their own real estate, in a move aimed at ensuring fairness between individual and
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Ghana: Parliament approves Excise Bill 2026 to overhaul beverage, alcohol taxation
Ghana’s Parliament passed the Excise Bill 2026 on 28 July 2026. The Excise Bill of 2026 is a comprehensive legislative proposal designed to overhaul the taxation of specific imported and locally manufactured goods in Ghana. The bill
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Romania cuts diesel excise duty by 20% in response to market surge
Romania’s Ministry of Finance announced on 13 August 2026 that it has implemented a temporary 20% reduction in excise duty on standard diesel from 16 to 31 August 2026. The cut of RON 560.86 per 1,000 litres (or RON 663.75 per ton) lowers the
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Poland temporarily cuts VAT rate on motor fuels to 8%Â
Poland’s Minister of Finance and Economy issued a regulation on 13 August 2026 temporarily reducing the VAT rate on certain motor fuels to 8%. The measure amends the Regulation of 9 December 2023 on reduced VAT rates and applies for two weeks,
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US: Trump signals federal challenge to New York luxury property tax
New York's so-called pied-Ã -terre tax faces mounting legal pressure after President Donald Trump announced on 11 August 2026 that the federal government might challenge the surcharge on luxury second homes in the city. The tax, designed to
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Hong Kong: FSTB clarifies media enquiries regarding preferential tax regime for carried interest
The Hong Kong Inland Revenue Department published an FTSB response dated 12 August 2026 addressing media enquiries about the expanded preferential tax regime for carried interest proposed under the Inland Revenue (Amendment) (Preferential Tax
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US: Treasury, IRS issue proposed regulations on employer contributions to Trump Accounts under the Working Families Tax Cuts
The US Department of the Treasury and the Internal Revenue Service (IRS) Â announced that it issued proposed regulations on 11 August 2026, guiding employers that choose to make contributions to Trump Accounts for employees or their dependents. The
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Taiwan clarifies business tax rules for overseas e-commerce platforms
The Central Taiwan National Taxation Bureau of the Ministry of Finance announced on 14 August 2026 that businesses and individuals purchasing electronic services from overseas e-commerce platforms (such as Google, Microsoft, Amazon, and Apple)
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Tunisia: DGI launches Dexel platform to enable faster, secure tax identification
The Tunisian Ministry of Finance, through the General Directorate of Taxes (DGI), has launched DEXEL, the new online declaration of existence platform, enabling individuals and professionals to complete their declaration of existence procedures and
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Lithuania: VMI clarifies CFC taxation rules in updated guidance
Lithuania’s State Tax Inspectorate (VMI) updated its guidance on the Law on Corporate Income Tax on 11 August 2026. The guidance details the official commentary and legal amendments regarding the taxation of positive income from controlled foreign
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Chile: SII seeks repayment of CLP 553 billion in pandemic loan instalments granted in 2020, 2021
Chile’s tax authority (SII) announced on 13 August 2026 that around 1.07 million people who received pandemic relief loans through Chile's solidarity loan programme face repayment demands after failing to file tax returns during the 2022–2026
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UAE: FTA clarifies corporate tax treatment of AT1 instrument payments by banks
The UAE Federal Tax Authority (FTA) has issued Corporate Tax Public Clarification CTP012, addressing the Corporate Tax treatment of payments made by banks on Additional Tier 1 (AT1) instruments. The clarification explains whether such payments
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France updates guidance on temporary corporate income tax surtax for large companies
The French tax authority has published updated guidance on the temporary corporate income tax surtax for large companies, reflecting the extension and revised liability threshold introduced under the Finance Law for 2026. This official tax
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Australia: ATO publishes updated CGDMTR lodgment instructions for Pillar Two groups
The Australian Taxation Office (ATO) has published updated guidance on 4 August 2026 on Global Anti-Base Erosion (GloBE) joint ventures, including instructions for completing the Combined Global and Domestic Minimum Tax Return (CGDMTR). The expanded
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Italy: Omnibus tax decree, reshapes corporate tax, VAT, compliance rules
The Italian Revenue Agency has announced that it published Legislative Decree No. 148 of 7 August 2026 (the Omnibus Tax Decree) in the Official Gazette on 11 August 2026. This follows the Italian government's approval of a sweeping 37-article tax
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Germany: Federal Cabinet approves draft Annual Tax Act 2026, incorporates OECD Side-by-Side Package
Germany’s Federal Cabinet released a press release on 12 August 2026 announcing the adoption of the draft Annual Tax Act 2026 (Jahressteuergesetz 2026) on 12 August 2026, proposing a broad package of changes to German tax rules. Among its key
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Lithuania proposes changes to VAT registration threshold
Lithuania has proposed amendments to the rules used to determine whether a taxable person reaches the EUR 45,000 VAT registration threshold through Draft Law amending Article 71 of Law No. IX-751. This draft legislation on VAT would revise the
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