Malaysia: IRBM raises e-invoice exemption threshold to MYR 3 million
The Inland Revenue Board of Malaysia (IRBM) has published the e-Invoice Guideline Version 4.8 on 30 August 2026. This version introduces crucial updates and clarifications regarding the implementation timeline, exemption thresholds, and group-level
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US: IRS announces benefits of expanded online services
The US Internal Revenue Service (IRS), in a release on 28 August 2026, encouraged taxpayers to explore the growing number of IRS.gov online tools that can help them quickly and securely take care of common tax tasks. IRS.gov offers secure,
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Ireland updates self-assessment guidance on PRSI liability
Irish Revenue has updated its guidance on the Irish Self-Assessment system to clarify which individuals are liable for Pay-Related Social Insurance (PRSI) contributions. The changes were issued through eBrief No. 126/26 on 28 August 2026, which
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EU imposes definitive anti-dumping duties on terephthalic acid from Korea (Rep.), Mexico
The European Commission's (EU) Directorate-General for Trade and Economic Security imposed definitive anti-dumping duties on imports from Korea (Rep.) ranging from 6.1% to 13.3%, while imports from Mexico are subject to a duty of 24.1%. The
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New Zealand revises fuel tax increase schedule
New Zealand has cancelled a planned 12-cent-per-litre fuel excise increase scheduled for 1 January 2027, Finance Minister Nicola Willis and Transport Minister Chris Bishop announced on 31 August 2026. The next fuel excise increase will instead
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Singapore updates EIS with AI activity
Singapore’s Enterprise Innovation Scheme (EIS) has been expanded to cover the adoption of artificial intelligence (AI), allowing businesses to claim a 400% tax deduction or allowance on up to SGD 50,000 of qualifying AI expenditure per Year of
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Taiwan clarifies loss offset rules for multiple real estate transactions
Taiwan’s Fengyuan Branch of the National Taxation Bureau of the Central Area, Ministry of Finance, has clarified how profit-seeking enterprises should calculate and offset gains and losses when selling multiple properties subject to the Income Tax
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Taiwan clarifies tax rules for medical aesthetic clinics
Taiwan's Northern Area National Taxation Bureau, Ministry of Finance, said that as public interest in body management and aesthetic appearance has grown in recent years, various slimming and beauty treatments, such as picosecond laser procedures, as
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Singapore: IRAS issues property gains tax ruling
The Inland Revenue Authority of Singapore (IRAS) has ruled that gains made by a Singapore-incorporated company from the sale of certain long-term investment properties are capital in nature and therefore not income subject to tax under Section 10(1)
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Dominican Republic issues practical guide on tax treatment of doubtful, uncollectible accounts
The Dominican Republic's Directorate General of Internal Revenue (DGII) has published a practical guide setting out how taxpayers should identify, justify, calculate and deduct doubtful or uncollectible accounts for Income Tax (ISR) purposes. The
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Vietnam tightens beneficial ownership rules under new business registration decree
Vietnam has amended its business registration regime through Decree No. 296/2026/ND-CP, issued by the Government on 23 July 2026, introducing a strict three-tier hierarchy for identifying ultimate beneficial owners (UBOs) alongside a wider set of
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Australia: ATO warns tax professionals of rising cyber threats
The Australian Taxation Office (ATO) has published a notice on 27 August 2026, reminding tax professionals of the importance of protecting their practices against cyber threats. Tax professionals are being targeted by cyber criminals, primarily
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Cyprus publishes 2026 NID reference rate for Honduras
The Cyprus Tax Department has published the 2026 reference rate for Honduras for purposes of calculating the notional interest deduction (NID) on new equity investments. Under the NID rules, the applicable rate is based on the 10-year government
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Hungary: Central Bank cuts base interest rate
Hungary’s National Tax and Customs Administration (NAV) announced on 25 August 2026 that the Hungarian National Bank reduced its base interest rate from 5.75% to 5.50%, effective 26 August 2026. The rate was previously cut from 6.00% to 5.75%
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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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