Australia: ATO publishes foreign exchange rates for July 2026 to June 2027 income year
The Australian Taxation Office (ATO) has published monthly foreign exchange rates for the period from 1 July 2026 to 30 June 2027. The ATO has clarified that all foreign income, deductions, and foreign tax paid must be translated into Australian
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Brazil mandates national e-invoicing for Simples Nacional businesses from November 2026
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 14 August 2026 that it is introducing a new timeline for mandatory electronic invoicing for micro and small businesses under the Simples Nacional tax regime as part of the
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Taiwan: Tax Bureau clarifies social housing rental tax exemption rules
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance said rental income earned by business operators from leasing housing for social housing purposes may be exempt from business tax if the property meets the requirements
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Uruguay sets new IRPF deadline for foreign capital income
Uruguay’s General Tax Directorate (DGI) has amended certain Personal Income Tax (IRPF) deadlines for withholding agents and taxpayers receiving income from real estate leases, capital gains and foreign movable capital income through DGI Resolution
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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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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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Italy gazettes decree reshaping local tax administration, fiscal federalism
The Italian Revenue Agency announced on 12 August 2026 that it published Legislative Decree No. 147/2026 in the Official Gazette No. 185 on 11 August 2026, which entered into force the same day. Legislative Decree No. 147/2026 introduces specific
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Cambodia: MEF abolishes stamp duty penalties on property transfers
Cambodia’s Ministry of Economy and Finance ("MEF") on 4 August 2026 issued Notice No. 008 on the Principles of Exemptions and Tax Concessions on the Transfer of Ownership or Possession of Immovable Property ("Notice 008"), introducing a package of
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Denmark extends limitation period for claiming dividend tax refunds
The Danish Tax Agency has extended the limitation period for claiming a refund of Danish dividend tax from three years to five years following a June 2026 decision by the Danish Supreme Court. The agency has updated its guidance on claiming a refund
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Italy reforms tax justice rules for magistrates
Italy has published Legislative Decree No. 149 of 7 August 2026 in the Official Gazette No. 185 of 11 August 2026. The legislative decree introduces comprehensive reforms to Italy’s tax justice system, strengthening the legal framework
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US: IRS expands business tax account features for eligible businesses
The US Internal Revenue Service announced, on 6 August 2026, new and expanded features for Business Tax Account (BTA) users, giving eligible businesses and organisations more ways to view digital notices, make payments, and access and manage federal
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Singapore: IRAS updates GST guidance for property owners
Singapore’s Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the GST treatment of property transactions, including the treatment of an Option to Purchase (OTP) containing a nominee clause. The IRAS has published the GST:
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Egypt updates taxpayer bookkeeping rules, state-owned company profit transfers
Egypt has enacted three laws introducing changes to state revenue collection, taxpayer bookkeeping requirements, temporary tax cards and the transfer of profits from state-owned companies to the General Treasury. Law No. 148 of 2026, Law No. 150
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Dominican Republic revises waste management contribution brackets
The Dominican Republic has introduced new solid waste management contribution brackets and restrictions on certain single-use plastics under Law No. 36-26, which amends the General Law on the Integrated Management and Co-processing of Solid Waste
See MoreDenmark consults on digital bookkeeping rules
Denmark’s Business Authority has launched a public consultation on proposed changes to requirements for registered standard digital bookkeeping systems (DBS), with the aim of increasing e-invoicing adoption on 1 July 2026. Under the proposal,
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France adopts standard deadline for withholding tax claims
France has published Decree No. 2026-692 of 27 July 2026, removing the shorter deadline for taxpayers to file claims concerning withholding taxes. The decree was signed on 27 July 2026 and published on 29 July 2026 in the Journal officiel de la
See MoreUS Treasury, IRS issue guidance on Saver’s Match Ahead of 2027 launch
The US Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2026-48 on 7 August, announcing their intention to propose regulations on the federal Saver’s Match program. The notice outlines anticipated rules for the
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