Germany: Federal Cabinet approves draft income tax reform Act 2027
Germany’s Federal Cabinet (Bundesregierung) has approved the draft income tax reform Act 2027 on 2 September 2026, proposing tax relief for individuals from 1 January 2027 alongside higher rates for high-income earners. The package would raise
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Greece: AADE extends tax deadlines for Lesvos sectors
Greece’s Independent Authority for Public Revenue (AADE) has introduced tax relief measures for businesses and professionals in Lesvos that suffered financial losses following the outbreak of Foot-and-Mouth Disease and the implementation of
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Ireland: Revenue updates 2025 Form 11 with new prefilled fields, expanded relief provisions
Ireland’s tax authority (Revenue) issued eBrief No. 127/26 on 31 August 2026, detailing a set of amendments to the ROS Form 11 2025 self-assessment income tax return. The form has been available since 1 January 2026 and continues to be updated on
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Taiwan outlines instalment rules for tax debts
Taiwan’s National Taxation Bureau of Taipei has reminded taxpayers that those facing administrative enforcement over unpaid taxes may apply for instalment payments if they are unable to pay the full amount due. The measure applies to overdue
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Zimbabwe ratifies multilateral tax convention
Zimbabwe has formally deposited its instrument of ratification for the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 protocol, according to an update released by the Organisation for
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Montenegro enacts BEPS multilateral instrument
Montenegro enacted the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 1 September 2026. The convention will modify covered tax agreements where the required conditions for its
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Singapore: IRAS clarifies tax treatment of foreign trust distributions
The Inland Revenue Authority of Singapore (IRAS) has ruled that certain tax deferred distributions received by a Singapore tax-resident company from a foreign property trust will not be subject to Singapore income tax, provided the distributions do
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Colombia extends suspension of tax, customs, foreign exchange deadlines in earthquake‑hit regions
The Colombian Tax and Customs Administration Dirección Nacional de Impuestos y Aduanas (DIAN) issued a Resolution No. 012660 on 27 August 2026, extending the suspension of administrative deadlines for tax, customs and foreign exchange proceedings
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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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