Canada expands tax breaks with permanent Productivity Mega Deduction to attract global investment
Canada’s Prime Minister Mark Carney announced a new tax measure on 15 August 2026 aimed at strengthening Canada's economy and drawing foreign investors to the country. The initiative, called the Productivity Mega Deduction, expands a previous
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Canada introduces priority tax rulings for investments of CAD 1 billion or more
Canada’s Finance Minister François-Philippe Champagne announced on 14 September 2026 that the Canada Revenue Agency (CRA) will fast-track advance income tax ruling requests for investments worth CAD 1 billion or more. The priority system began
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Czech Republic reintroduces electronic sales recording, including VAT and tax relief measures
The Czech Republic’s Ministry of Finance and the Chamber of Deputies have approved the Sales Registration Act on 9 September 2026 after overriding the Senate’s proposed amendments. The legislation has been submitted to the president for
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Sri Lanka IRD reminds taxpayers of August 2026 AIT, WHT, APIT payment deadlines
Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers to make tax payments withheld during August 2026 on or before 15 September 2026. The reminder covers Advance Income Tax (AIT), Withholding Tax (WHT) and Advance Personal Income
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Bosnia and Herzegovina adopts new rules governing issuance of tax certificates by FTA
Bosnia and Herzegovina’s Federal Ministry of Finance has adopted new rules governing the issuance of tax certificates by the Federal Tax Administration (FTA), covering taxpayers’ tax liabilities, registration status and residency. The
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Serbia updates e-invoicing rules, introduces preliminary VAT return framework
Serbia’s Ministry of Finance has adopted amendments to the Rulebook on Electronic Invoicing, published in Official Gazette No. 71/2026. The amendments took effect on 1 August 2026, except for provisions concerning the preparation of preliminary
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Taiwan clarifies real estate loss offset rules for enterprises
Taiwan’s Ministry of Finance issued a notice on 28 August 2026 clarifying the treatment of real estate transaction losses for profit-seeking enterprises selling properties subject to different tax rates during the same year. Under Articles 4-4
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US: IRS urges taxpayers, businesses to safeguard financial records
The US Internal Revenue Service (IRS) has issued guidance during National Preparedness Month encouraging taxpayers to protect essential tax and financial records before emergencies occur on 3 September 2026. According to Frank J. Bisignano, IRS
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Ireland unveils retail investment tax roadmap
Ireland’s Department of Finance has published a Roadmap for the Taxation of Retail Investment, setting out proposals to simplify the taxation of retail investment and introducing a new Investment Account that is expected to be available in
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Bolivia: SIN extends tax debt payment period
Bolivia’s National Tax Service (SIN) has extended the maximum period for taxpayers to access tax debt Payment Facilities from 30 to 60 months under Normative Ruling of the Board of Directors (RND) 102600000033. The measure implements Supreme
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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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Singapore: IRAS clarifies tax treatment of foreign trust distributions
Singapore’s 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
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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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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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