OECD releases peer review reports on tax information exchange, transparency for the Cook Islands, Namibia and Tanzania
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has published three new peer review reports on transparency and exchange of information on request (EOIR) for tax purposes for the Cook Islands,
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Taiwan clarifies separate income tax filing rules for foreign property transactions
Taiwan's Ministry of Finance has issued a notice on 20 July 2026 reminding foreign taxpayers of their obligation to file a separate income tax return for qualifying house and land transactions, rather than including such income in gross
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Egypt introduces tax incentives for listed, unlisted securities
Egypt's Ministry of Finance, the Egyptian Tax Authority (ETA) and the Financial Regulatory Authority (FRA) have approved a package of tax incentives for securities activities as part of the second tax facilitation package, according to the head of
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India issues revised FATCA, CRS guidance detailing crypto reporting obligations
India’s Ministry of Finance has updated its Guidance Note on FATCA and CRS, providing detailed guidance for crypto exchanges and other intermediaries on their reporting obligations as Reporting Financial Institutions (RFIs) under section 508 of
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Mexico increases IEPS fuel incentives for gasoline, diesel
Mexico's Ministry of Finance and Public Credit (SHCP) has increased Special Tax on Production and Services (IEPS) incentives for gasoline and diesel for the period from 25 to 31 July 2026, in an effort to limit the impact of rising international oil
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Singapore: IRAS updates Certificate of Residence guidance, clarifies eligibility conditions
The Inland Revenue Authority of Singapore (IRAS) has revised its guidance on Applying for a Certificate of Residence/ Tax Reclaim Form. The update provides clearer guidance on the conditions that foreign-owned investment holding companies must
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Pakistan: SBP keeps policy rate unchanged
The State Bank of Pakistan (SBP) announced on Monday, 27 July 2026, that its policy rate will remain unchanged at 11.5%, with the Monetary Policy Committee (MPC) concluding that the current monetary policy stance remains appropriate to guide
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Taiwan reminds foreign taxpayers of extended DTA tax refund application period
Taiwan's National Taxation Bureau of Kaohsiung has reminded foreign taxpayers to review unclaimed tax treaty benefits following amendments to the Regulations Governing Application of Agreements for the Avoidance of Double Taxation with Respect to
See MoreTaiwan updates guidance on house, land integrated income tax for share sales
Taiwan’s Central Area National Taxation Bureau of the Ministry of Finance stated that, under the House and Land Integrated Income Tax 2.0 regime, effective from 1 July 2021, a profit-seeking enterprise that disposes of shares or equity interests
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Netherlands updates hybrid mismatch guidance with new rules on US tax regimes, permanent establishments
The Netherlands published the Hybrid Mismatch Policy Decision 2026 (Decree No. 2026-12123), issued by the State Secretary of Finance on 24 July 2026, replacing the previous policy decision that was originally issued in 2021 and subsequently updated
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Dominican Republic: DGII issues FY2026 inflation adjustment multiplier
The Dominican Republic's Directorate General of Internal Revenue (DGII) has published Resolution No. DDG-AR1-2026-00006, setting the inflation adjustment multiplier, exchange rate adjustments and capital asset multipliers for the fiscal year ending
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Russia introduces simplified procedure for online tax notifications
The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the Unified Public Services Portal (UPSP) will take effect from 1 August 2026, under amendments introduced by Federal Law No. 425-FZ
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Canada consults transfer pricing documentation amendments, various other tax measures
Canada's Department of Finance has released draft legislative proposals for public consultation on 23 July 2026 to implement a range of previously announced tax measures, along with other technical amendments to the country's tax
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Ecuador: SRI establishes declaration, payment rules for advance tax on undistributed profits
The Ecuadorian Internal Revenue Service (SRI) has issued Resolution No.NAC-DGERCGC26-00000026, establishing the mechanism for the declaration and payment of advance payments on undistributed profits by resident companies and permanent establishments
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Romania: ANAF consults new e-invoicing registration forms
Romania's National Agency for Fiscal Administration (ANAF) has published two draft orders for public consultation, which update the registration and deregistration forms, along with the related instructions, for the national electronic invoicing
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UK to reduce business tax for pubs, clubs, music venues
The UK government has announced a 20% reduction in business rates bills for pubs, social clubs and live music venues across England from April 2027, a move expected to benefit nearly 32,000 venues and save the typical pub an estimated GBP 1,100 in
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Australia: ATO raises Division 7A benchmark interest rate for 2026–27
The Australian Taxation Office (ATO) has updated the Division 7A benchmark interest rate used to calculate the minimum repayments required for amalgamated private company loans to shareholders on 1 July 2026. If the required repayment is not met,
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South Africa: SARS updates interest rates on taxes, refunds, credit amounts
The South African Revenue Service (SARS) has released updated interest rate tables on 20 July 2026. The revised tables set out the applicable interest rates on outstanding taxes, interest rates payable on certain tax refunds, and interest rates
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