Saturday, August 29, 2026
Greece’s Independent Authority for Public Revenue (AADE) has identified tax violations on 12 of 26 tourist vessels inspected in Santorini, representing a 46% violation rate, during a targeted tax inspection operation. The operation, named “I’ll Take You on a Cruise 2026”, used information and analysis generated by an algorithm based on available tax and statistical...
India’s Ministry of Finance (MoF) has revised the Special Additional Excise Duty (SAED) rate on exports of Aviation Turbine Fuel (ATF) to INR 19.5 per litre, effective from 15 August 2026. The change was made through Notification No. 44/2026-Central Excise on 14 August 2026, issued by the Department of Revenue. It further amends Notification No....
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 Official Gazette on 12 August 2026 and took effect on the same day. The revised rules transfer administration of the scheme to the Ministry of...
The National Board of Revenue (NBR) has clarified that industrial users can continue to import solar equipment at a 1% import duty under the capital machinery facility, resolving confusion over a statutory regulatory order (SRO). The clarification, issued on 17 August 2026, followed concerns from businesses after customs stations charged 17% import duty on some...
Argentina’s Customs and Revenue Collection Agency (ARCA) has updated the automatic exchange of financial information regime, known as the Common Reporting Standard (CRS), through General Resolution 5887/2026. The amendment clarifies the scope of entities and accounts that are exempt from the reporting obligation, with the stated aim of avoiding interpretations that could jeopardise compliance with...
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 customers now signed up to the service, according to a press release published on...
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 carried out using stablecoins (SBL). The ruling confirms that stablecoins are not considered legal currency under Chilean law, even...
The Netherlands published Decree No. 2026-262956 of 6 August 2026, issued by the State Secretary for Finance, setting out tax-neutral restructuring relief for qualifying legal mergers. The decree outlines the updated 2026 regulatory framework for legal mergers under the Corporate Income Tax Act 1969. It serves as a comprehensive guide for how companies can merge...
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 to Supreme Decree 5595, which mandates the removal of unnecessary bureaucratic barriers and the modernisation of tax administration. The resolution...
Egypt is preparing to introduce an optional Tax Sukuk that taxpayers can subscribe to and later use to settle future tax liabilities, as the government seeks to raise domestic liquidity and encourage tax compliance. The Egypt Tax Authority (ETA) said both individuals and legal persons will be able to subscribe to the instruments and receive...