Taiwan passes estate, gift tax amendments to reform treatment of pre-death gifts
Taiwan’s Legislative Yuan on 21 August 2026 passed at third reading a draft amendment to parts of the Estate and Gift Tax Act. The amendments standardise the treatment of certain gifts made before death when calculating estate tax and rationalise
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Taiwan approves wider insurance tax deductions
Taiwan’s Legislative Yuan on 21 August 2026 passed the third reading of amendments to Articles 17 and 126 of the Income Tax Act, increasing tax-exempt allowances for minor children and removing the TWD 24,000 cap on itemised deductions for certain
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US: IRS states interest rates to remain unchanged for Q4 2026
The US Internal Revenue Service (IRS) announced on 21 August 2026 that the interest rates will remain the same for the calendar quarter beginning 1 October 2026. For individuals, the rate for overpayments and underpayments will be 7% per year,
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Korea (Rep.) plans response fund to use tax windfalls for youth, AI
Korea (Rep.) plans to establish a future response fund to use additional tax revenue from strong economic periods to support younger people and invest in future growth industries, the budget ministry said on Friday, 21 August 2026. The fund would
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US: IRS reminds tax professionals to maintain written information security plans
The US Internal Revenue Service (IRS) and Security Summit partners reminded tax professionals, on 18 August 2026, to protect client data with a Written Information Security Plan. Federal law requires tax and accounting professionals to create and
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Ecuador introduces new audiovisual tax credit rules
Ecuador has introduced new technical regulations for audiovisual investment certificates (AICs), changing how projects apply for, receive and complete the tax incentive. The Ministerial Agreement MPCEI-MPCEI-2026-0039-A was published in the
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UK: HMRC urges remaining customers to sign up ahead of September deadline
The UK HM Revenue & Customs (HMRC) has announced that more than 436,000 sole traders and landlords have successfully sent their first Making Tax Digital (MTD) for Income Tax quarterly update for the 2026 to 2027 tax year, with over 570,000
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Chile: SII clarifies tax treatment of stablecoins used for cross-border services
The Chilean tax authority (SII) announced it published Letter Ruling No. 1982 on 10 August 2026, addressing the use of stablecoins as consideration for cross-border services. Letter Ruling No. 1982 establishes the tax treatment for transactions
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Bolivia: SIN simplifies tax procedures under new administrative reform
Bolivia’s tax authority (SIN) announced on 17 August 2026 that it has streamlined taxpayer requirements under the "Zero Block" Program, rolling out regulatory changes through Resolution 102600000031 issued on 13 August 2026. The reforms respond
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Egypt sets rules for retaining tax registration numbers
The Egyptian Tax Authority (ETA) has clarified the conditions for companies to retain their existing tax registration number when changing their legal form, including converting from a partnership to a capital company. Under Circular No. 3 of
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Bangladesh to shift to April-March fiscal year from FY 2028-29
The Bangladesh government has approved a change in the national fiscal year, moving the cycle from the existing July-June period to April-March from FY 2028-29. The decision was approved at the 17th cabinet meeting on 17 August 2026, chaired by
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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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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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