Uruguay issues decree clarifying IRPF taxation of foreign-source income, assets, and withholding rules
Uruguay’s Ministry of Economy and Finance, through a Decree issued on 6 May 2026, has introduced detailed rules updating the taxation of income derived from non-resident entities under the Personal Income Tax (IRPF), in line with amendments set
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Hong Kong proposes expanded IP tax deductions to strengthen regional trading hub role
Hong Kong’s government has proposed legislative changes to broaden tax deductions for the acquisition and use of intellectual property, supporting its goal of positioning Hong Kong as a regional IP trading hub. The proposals were presented to the
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South Africa: SARS introduces pre-declaration rule for foreign-registered vehicles
The South African Revenue Service (SARS) will, from 1 June 2026, require all foreign-registered vehicles to be declared on the SARS Traveller Management System (TMS) prior to entry into or exit from South Africa. SARS Commissioner Dr Johnstone
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Ireland: High Court rejects FWHT deduction claim in accenture tax dispute
The Irish High Court, in a judgment delivered by Ms Justice Marguerite Bolger on 12 May 2026, ruled on a tax dispute involving Accenture Global Solutions Limited, an Irish tax-resident company, concerning the treatment of Foreign Royalty Withholding
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G7 endorses side-by-side package for global minimum tax implementation
The G7 finance ministers and central bank governors convened on 18 May 2026, issuing a communiqué that reinforces their commitment to international tax cooperation and digital economy challenges. The ministers endorsed the OECD/G20 Inclusive
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Brazil introduces comprehensive indirect tax reform with new regulations for IBS, CBS
Brazil is implementing a major indirect tax reform, replacing five existing taxes — three federal (PIS, COFINS, IPI), one state (ICMS), and one municipal (ISS) — with two new taxes: CBS (federal contribution on goods and services), managed
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Montenegro ratifies BEPS multilateral instrument, effective September 2026
The OECD announced that Montenegro deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 6 May 2026. The BEPS Convention will enter into
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China: Instant tax refunds boost tourist spending
China's instant tax refunding service for overseas visitors, launched in April 2025, has significantly boosted inbound consumption with the rapid growth of business volume. Over the past year, the number of travelers applying for instant tax
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Bolivia: SIN advances digital tax transformation 3.0 through regional collaboration
Bolivia's National Tax Service (SIN) announced on 18 May 2026 that it has reinforced its commitment to digital modernisation following its participation in a major regional gathering focused on transforming tax administration across the
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UK: HMRC consults on draft rules for IHT treatment of unused pension funds
The UK’s His Majesty’s Revenue and Customs (HMRC) has opened a consultation on 18 May 2026 about the draft regulations designed to support the application of inheritance tax (IHT) to unused pension funds. This technical consultation seeks
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Belgium releases FAQs about the new e-invoicing rules
Belgium’s tax authorities have updated the FAQs about e-invoicing. As of July 2025, Belgian businesses are required to send and receive invoices electronically. This follows the announcement by Belgium’s Federal Public Service (SPF) Finance
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OECD issues new guidance on Pillar Two global minimum tax compliance
The OECD has released crucial administrative guidance to help multinational corporations navigate the complex filing requirements of the Pillar Two Global Minimum Tax, addressing concerns about meeting the upcoming 30 June 2026 deadline. Under
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Nigeria: NRS announces the implementation of taxpayer identification (Tax ID)
The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), in a press release on 18 May 2026, has notified the public of the implementation of the Taxpayer Identification (Tax ID), in line with Sections 6, 7 and 8 of the
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Romania simplifies RO e-Invoice system for small businesses, individuals
Romania’s Ministry of Finance announced on 18 May 2026 that it has supported an amendment adopted in the Budget-Finance Committee of the Chamber of Deputies, which simplifies the rules for using the RO e-Invoice system. The amendment, which
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Taiwan: Tax Bureau clarifies residence day rules for foreign taxpayers
Taiwan’s Beidou Office, National Taxation Bureau of the Central Area, Ministry of Finance, reminds foreign taxpayers that the number of days of residence in Taiwan is calculated based on the entry and exit stamps in their passports or the
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South Africa consults Customs Act amendments
The South African Treasury has released draft amendments on 15 May 2026 for public comment under the Customs and Excise Act, 1964, relating to the repeal of the environmental levy on electricity, following the removal of the electricity levy
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New Zealand: Labour party pledges to scrap fuel excise tax increase
The New Zealand Labour Party has announced that it would reverse the National Government’s planned fuel excise tax increase, citing rising fuel costs and ongoing cost-of-living pressures on households and businesses. The announcement was made on
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UK introduces phased mandatory registration for tax advisers from May 2026
UK’s HM Revenue and Customs (HMRC) has announced the introduction of a mandatory registration requirement for tax advisers, with implementation beginning on 18 May 2026. The new requirement, known as Modernising and Mandating Tax Adviser
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