Saturday, August 08, 2026
Taiwan’s Ministry of Finance has issued a notice on 20 July 2026 reminding foreign taxpayers of their obligation to file a separate income tax return for qualifying house and land transactions, rather than including such income in gross consolidated income under the Income Tax Act. The Beigang Office of the National Taxation Bureau of the...
Argentina’s tax authority (ARCA) announced it has issued General Resolution 5882/2026, which establishes procedures for settling criminal tax liabilities. The resolution was published and entered into force on 28 July 2026. This resolution outlines the procedural requirements for taxpayers seeking to terminate criminal proceedings related to tax evasion in Argentina. Under the Tax Penal Regime,...
Thailand’s Cabinet has approved extending the reduced value-added tax rate of 7% for another year from 1 October 2026 to 30 September 2027 in a press release issued on 27 July 2026. The current reduced rate was set to expire on 30 September 2026. The Revenue Department cited persistent economic headwinds—particularly Middle East instability driving...
Ireland’s Department of Finance has announced on 28 July 2026 that the European Commission has approved the expansion of the Digital Games Tax Credit. As announced in Budget 2026, the 32% tax credit has been extended until 31 December 2031 and expanded to cover eligible post-release content development, subject to specified conditions. The approval marks...
Egypt’s Ministry of Finance, the Egyptian Tax Authority (ETA) and the Financial Regulatory Authority (FRA) have approved a package of tax incentives for securities activities as part of the second tax facilitation package, according to the head of the Egyptian Tax Authority, Rasha Abdel Aal. In a press release issued on Sunday, 26 July 2026,...
Eswatini has introduced new measures to support electronic tax administration under the Value Added Tax Act, 2011, establishing a legal framework for electronic fiscal documents and prescribing rules for the electronic submission of fiscal data. The Value Added Tax Act (Amendment of Third Schedule) Notice, 2026, issued through Legal Notice No. 111 of 2026, authorises...
India’s Ministry of Finance has updated its Guidance Note on FATCA and CRS, providing detailed guidance for crypto exchanges and other intermediaries on their reporting obligations as Reporting Financial Institutions (RFIs) under section 508 of the Income Tax Act, 2025, and Rules 238 to 240 and Form 166 of the Income Tax Rules, 2026. The...
Mexico’s Ministry of Finance and Public Credit (SHCP) has increased Special Tax on Production and Services (IEPS) incentives for gasoline and diesel for the period from 25 to 31 July 2026, in an effort to limit the impact of rising international oil prices on fuel costs. Under the revised rates, diesel will receive the largest...
President Donald Trump said on Tuesday, 28 July 2026, that he has no interest in revising the six-year-old US-Mexico-Canada Agreement (USMCA), stating that the trade deal matters far more to Mexico and Canada than to the US. The position comes as Canada’s trade minister prepares to fly to Washington this week for fresh talks amid...
US President Donald Trump renewed his threat to impose tariffs on Canada in response to wildfire smoke drifting across the border on 24 July 2026, telling reporters: “We’re going to put a big tariff on Canada because of the smoke.” The statement marks the second time in a week Trump has made this threat, though...