Australia, Canada sign MOU on arbitration under BEPS MLI
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the application of Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and
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Taiwan: Ministry of Finance issues P2P lending withholding tax guidance
Taiwan’s Ministry of Finance on 6 August 2026 issued an interpretative order clarifying the withholding tax requirements for interest income paid through peer-to-peer (P2P) lending platform operators. Under the order, when a business operating
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Colombia issues tax decree on presumed interest, inflation components
Colombia has published Decree No. 0898 of 29 July 2026, establishing the deemed minimum annual interest rate for loans between companies and their partners or shareholders for the 2026 tax year, while also updating the inflationary components used
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Finland proposes corporate tax cuts in draft 2027 budget
Finland’s Ministry of Finance announced the draft budget for 2027 on 6 August 2026, which includes several significant corporate tax measures. The government will review the draft budget during its budget session on 1–2 September, after which
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Portugal approves Temporary Solidarity Contribution on petroleum sector for 2026
Portugal's Council of Ministers approved a proposal for legislative authorisation to be submitted to the Assembly of the Republic to establish a Temporary Solidarity Contribution on the Petroleum Sector. The exceptional and temporary measure will
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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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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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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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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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Bulgaria enacts State Budget Act 2026 introducing gambling affiliate tax, expanded child tax relief
Bulgaria's National Assembly has enacted the State Budget Act for 2026, setting the country's strategic financial direction. It was passed by the National Assembly on 24 July 2026, approved by the President on 29 July 2026, and officially
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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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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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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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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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Mexico: SAT urges eligible taxpayers to apply for 2026 Fiscal Regularisation Programme
Mexico's Tax Administration Service (SAT) has urged individuals and businesses with outstanding tax liabilities to take advantage of the 2026 Fiscal Regularisation Programme, reporting that the initiative has recovered almost MXN 6 billion for the
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Dominican Republic: DGII updates IR-17 Form for reporting tax withholdings
The Dominican Republic's Directorate General of Internal Revenue (DGII) published Form IR-17-2026 on 24 July 2026, introducing an updated version of the form for use from July 2026. The revision reflects amendments introduced under the recently
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