Saturday, August 08, 2026
The US Internal Revenue Service (IRS) is dusting off a 40-year-old tax provision that could dramatically reshape how multinational companies price transactions involving intellectual property, raising concerns among international tax practitioners about massive income reallocation. The commensurate-with-income (CWI) standard, enacted by Congress in 1986, allows the IRS to adjust transfer prices using hindsight—examining actual profits...
Bolivia’s National Tax Service (SIN) has issued Resolution No. 102600000014 on 16 April 2026, marking a significant shift toward the full digitalisation of financial and tax data. These updates specifically refine how businesses handle their Corporate Income Tax (IUE) obligations and Transfer Pricing documentation. The BOB 1,700,000 threshold Businesses with annual gross sales or income...
The Finnish government has announced the economic plan for the years 2027–2030 on 22 April 2026. Key measures include tax incentives for households and businesses, significant investments in infrastructure and housing, and a strategic focus on bolstering national defence and security. To support the workforce, the plan introduces specific programmes for youth employment and reforms...
The Austrian Council of Ministers authorized the signing of an amending protocol to the 2000 income and capital tax treaty with Uzbekistan on 22 April 2026. The 49th Council of Ministers (22 April 2026) approved previous minutes, extended the agenda, and adopted decisions across personnel, audit reports, and international matters including ICAO/ICJ proceedings, OECD participation,...
The parliament of Kazakhstan published that the lower chamber of parliament (Mazhilis) has approved the Income and Capital tax treaty (2025) on 22 April 2026. The agreement, signed between the governments of Kazakhstan and Oman in May 2025, is intended to eliminate double taxation and prevent tax evasion with respect to taxes on income and...
Taiwan’s Taxation Administration has announced that the statutory payment period for the house tax in 2026 is from 1 May 2026 to 31 May 2026, and the deadline shall be extended to 1 June due to the last day of the payment period falling on a holiday. Taxpayers are reminded to complete payment within the...
New Zealand Inland Revenue has released a draft interpretation statement for public consultation on Goods and Services Tax – Reduced value rule in s 10(6) for supplies of domestic goods and services in commercial dwellings on 17 April 2026. The GST reduced value rule under section 10(6) of the Goods and Services Tax Act 1985...
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, states that, in order to enhance Taiwan’s industrial competitiveness and attract foreign specialist professionals, preferential income tax treatment is provided pursuant to Article 22 of the Act for the Recruitment and Employment of Foreign Professionals. Foreign nationals who are recognised as “Foreign Specialist Professionals” in fields...
South African President has signed the Taxation Laws Amendment Act 5 of 2026, amending the Carbon Tax Act, 2019 and related Schedules. The Act was passed on 31 March 2026 and published in the Government Gazette on 1 April 2026. It introduces amendments across key South African tax laws, including changes to definitions, tax incentives...
The Belgian members of the lower house submitted bill No. 56K1491001 to the parliament on 17 April 2026, which outlines a proposal to establish a digital services tax 9DST) in Belgium targeting global technology giants from 1 January 2027. The legislation is said to be inspired by existing frameworks in France and Spain and suggests...