Saturday, August 08, 2026
Saudi Arabia signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on 9 April 2026, according to an OECD update on 29 July 2026. The update confirms Saudi Arabia’s inclusion in the list of jurisdictions that have adopted the revised legal framework supporting the amended Common...
Bolivia’s National Tax Service (SIN) has extended the deadline for filing Corporate Income Tax (IUE) returns and making tax payments for taxpayers whose fiscal year ended on 31 March 2026, following the economic disruption caused by recent nationwide road blockades. The deadline has been extended until Monday, 31 August 2026. The Resolution also extends the...
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, on 29 July 2026 issued guidance reminding profit-seeking enterprises that only realised foreign exchange gains and losses may be recognised for profit-seeking enterprise income tax purposes. The guidance states that book differences arising solely from exchange rate adjustments do not constitute actual gains or losses and...
Bosnia and Herzegovina’s government has adopted amendments to the Regulation on Employer Assistance Payments to Workers in 2026, extending its application until the end of 2026. The amendments were adopted on 28 July 2026 at the proposal of the Ministry of Finance. Under the amended Regulation, employers may continue to pay monthly assistance of up...
Bahrain’s National Bureau for Revenue (NBR) has published an updated excise registration manual on 28 July 2026, setting out revised guidance for excise payers on using the online excise portal and the procedures for submitting key excise-related applications. The updated manual outlines the processes for excise registration and deregistration, managing products on the excise goods...
Italy’s Ministry of Infrastructure and Transport has published a decree of 23 May 2026 in the Official Gazette on 21 July 2026, setting out the implementing rules for a temporary tax credit to support the road haulage sector in response to the extraordinary increase in diesel fuel prices. The measure implements the support mechanism established...
Belgium’s Federal Public Service Finance has published a release clarifying the extension of the deadline for notifying the entity responsible for filing the GloBE Information Return (GIR) on 29 July 2026. Previously, the notification deadline for the 2024 and 2025 assessment years was extended to 30 September 2026. The 30 September 2026 deadline applies to...
Turkey has revised the product list covered by the Communiqué on Import Inspections of Products Subject to the Control of the Ministry of Agriculture and Forestry (Product Safety and Inspection: 2026/5) through a new amending Communiqué (Product Safety and Inspection: 2026/42) published in the Official Gazette on 28 July 2026. The amendment, issued by the...
Australia has issued the Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No. 2) Rules 2026 (the Amending Rules), introducing minor amendments to the Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024 to maintain consistency with the OECD’s Global Anti-Base Erosion (GloBE) Model Rules. This legal instrument also updates technical procedures for calculating effective...
The South African Revenue Service (SARS) has outlined the requirements and procedures for registered importers making qualifying advance import payments under South African Reserve Bank (SARB) regulations. Importers applying for advance foreign exchange payments of ZAR 100,000.00 and above must submit an Advance Payment Notification (APN) through SARS eFiling before requesting payment from an authorised...