Saturday, August 08, 2026
The Canada Revenue Agency (CRA) announced on 17 April 2026 that eligible Canadians will receive a one-time GST/HST credit top-up on 5 June 2026. The payment is part of the transition to the Canada Groceries and Essentials Benefit, which will replace the GST/HST credit in July 2026. This top-up will be equal to 50% of...
Indonesia has introduced a temporary tax break for domestic air travellers as rising global aviation fuel costs threaten to make flights unaffordable for many citizens. The Finance Minister Regulation Number 24 of 2026 (PMK-24), issued on 24 April 2026, allows the government to absorb 100% of the Value Added Tax on qualifying domestic flights. The...
The US is proceeding with plans to increase tariffs on European Union automobile imports to 25%, US Trade Representative Jamieson Greer confirmed during an interview with CNBC Monday, 4 May 2026. Greer said he had discussions with EU and German trade officials over the weekend to explain the administration’s position on the measure, noting that...
The Cyprus Tax Department has announced a temporary shutdown of its Tax For All (TFA) online platform for scheduled maintenance on 5 May 2026. The system will be inaccessible from 1:00 PM on Thursday, 7 May 2026, until 7:30 AM on Tuesday, 12 May 2026. Due to this disruption, the Tax Commissioner has granted an...
Brazil’s Federal Revenue Service (RFB) has introduced new flexibility for taxpayers seeking to settle tax debts through administrative transactions, according to RFB Ordinance No. 676 published on 27 April 2026. The ordinance modifies Article 20 of RFB Ordinance No. 555 from 1 July 2025, which governs tax credit transactions in administrative litigation. The primary change...
Kenya’s government released the Finance Bill, 2026, proposing amendments across key tax laws, including the Income Tax Act (Cap. 470), VAT Act (Cap. 476), Excise Duty Act (Cap. 472), Stamp Duty Act (Cap. 480), Tax Procedures Act (Cap. 469B), and the Miscellaneous Fees and Levies Act (Cap. 469C). The proposed legislation covers a wide range...
Korea (Rep.)’s National Tax Service (NTS) issued a release on 28 April 2026 setting out Global Minimum Tax filing requirements, including reporting obligations, filing procedures and deadlines for multinational enterprise (MNE) groups. The global minimum tax is part of the international tax reform aimed at ensuring MNE groups pay an effective minimum tax rate of...
Australia has opened lodgments for Pillar Two returns, allowing multinational enterprise (MNE) groups to begin filing ahead of the first deadline on 30 June 2026. This announcement was made on 5 May 2026. Taxpayers can now submit both the GloBE Information Return (GIR) and the combined global and domestic minimum tax return (CGDMTR) through official...
Canada’s Department of Finance has tabled the Notice of Ways and Means Motion to introduce a bill entitled A second Act to implement certain provisions of the budget in Parliament on 4 November 2025. The bill introduces a range of measures, including significant amendments to the Global Minimum Tax Act. Additionally, this comprehensive bill introduces...
Taiwan’s Ministry of Finance (MOF) announced that it signed an agreement on mutual administrative assistance in customs matters (CMAA) with Eswatini on 2 May 2026. The MOF noted that the agreement builds on the Economic Cooperation Agreement (ECA) signed between the two countries in 2018, under which both sides agreed to strengthen cooperation in customs...