Bosnia and Herzegovina: Federation permits employers to pay tax-free monthly assistance through January 2027
The Federation of Bosnia and Herzegovina (FBiH) has amended the Rulebook on the Application of the Law on Personal Income Tax to allow employers to grant employees a monthly, tax-exempt financial assistance payment of up to BAM 300, available until
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Ireland: Revenue issues new guidance on crypto-asset reporting
Irish Revenue has published eBrief No. 121/26 on 24 August 2026, introducing Tax and Duty Manual Part 38-03-38 - Guidance on reporting obligations of Reporting Crypto-Asset Service Providers. The newly created guidance explains how the reporting
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Lithuania consults draft shipping tonnage tax amendments
Lithuania has opened a consultation on draft amendments to the Law on Corporate Income Tax that would extend the tonnage tax scheme for shipping companies until 31 December 2036 and ease bareboat charter-out rules for transactions between entities
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UAE: FTA establishes rules for maintaining accounting records
The UAE Federal Tax Authority (FTA) has issued Decision No. 4 of 2026 on 2 June 2026, setting out rules and requirements for maintaining information contained in accounting records and commercial books. The decision establishes the applicable
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Russia: FTS to introduce updated 3-NDFL tax return form from September 2026
Russia’s Federal Tax Service (FTS) will introduce an updated 3-NDFL tax return form (KND 1151020) from 1 September 2026, following the enactment of Federal Tax Service of Russia Order No. ED-1-11/333@ dated 25 May 2026. The order amends the 3-NDFL
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Taiwan passes estate, gift tax amendments to reform treatment of pre-death gifts
Taiwan’s Legislative Yuan on 21 August 2026 passed at third reading a draft amendment to parts of the Estate and Gift Tax Act. The amendments standardise the treatment of certain gifts made before death when calculating estate tax and rationalise
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Uganda enacts income tax, excise duty amendment Acts 2026
Uganda has enacted the Income (Amendment) Act 2026 and the Excise Duty (Amendment) Act 2026 after President Yoweri Museveni assented to the two Bills on 20 August 2026. The legislation follows the reconsideration of the Income Tax (Amendment)
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Taiwan approves wider insurance tax deductions
Taiwan’s Legislative Yuan on 21 August 2026 passed the third reading of amendments to Articles 17 and 126 of the Income Tax Act, increasing tax-exempt allowances for minor children and removing the TWD 24,000 cap on itemised deductions for certain
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US: IRS states interest rates to remain unchanged for Q4 2026
The US Internal Revenue Service (IRS) announced on 21 August 2026 that the interest rates will remain the same for the calendar quarter beginning 1 October 2026. For individuals, the rate for overpayments and underpayments will be 7% per year,
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Korea (Rep.) plans response fund to use tax windfalls for youth, AI
Korea (Rep.) plans to establish a future response fund to use additional tax revenue from strong economic periods to support younger people and invest in future growth industries, the budget ministry said on Friday, 21 August 2026. The fund would
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Taiwan requires tax certificate before registration of gifted unlisted company equity transfers
The Kaohsiung National Taxation Bureau, Ministry of Finance, has reminded businesses handling gifted equity in unlisted companies that a certificate issued by the tax collection authority must be obtained before the ownership transfer registration
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Taiwan: Taxation Bureau clarifies input tax rules for purchase returns amid suspension
Taiwan's Kaohsiung National Taxation Bureau has clarified today, 20 August 2026, that businesses which have already declared an input tax deduction against output tax for goods or services acquired for their main or ancillary operations must still
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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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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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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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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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