Saturday, August 08, 2026
The Philippines Bureau of Internal Revenue (BIR) has issued Bank Bulletin No. 2026-04 on 7 April 7, 2026, which reiterates the procedures for Authorised Agent Banks (AABs) to follow regarding the 2025 Calendar Year Annual Income Tax Returns (AITR). The directive instructs that AABs are required to accept Annual Income Tax Returns (AITRs) filed through...
The Australian Treasury launched a public consultation on 10 April 2026 covering draft legislation aimed at strengthening the foreign resident capital gains tax (CGT) regime. The consultation covers two draft bills: the Treasury Laws Amendment Bill 2026: Strengthening the foreign resident CGT regime and the Treasury Laws Amendment Bill 2026: Renewable energy asset discount capital...
Bolivian President Rodrigo Paz Pereira has signed Law No. 1717, dated 10 April 2026, formally abolishing the financial transactions tax (ITF), which was published in the Official Gazette on 11 April 2026. Under Law No. 1717, Bolivia has formally repealed the Financial Transactions Tax (ITF), which had been in place since 2006. The law is...
Chile’s Internal Revenue Service (SII) has issued Resolution No. 48 on 1 April 2026, updating the tax rates applicable to small artisanal miners and other SMEs engaged in the extraction and sale of gold and silver ores. Under the simplified single tax regime for small artisanal miners, revised rates apply to net revenues derived from...
Argentina’s Undersecretariat for Small and Medium-Sized Enterprises announced on 1 April 2026 that has updated the classification criteria for micro, small, and medium-sized enterprises (MSMEs) through Resolution No. 1/2026 (SICYPYME), published in the Official Gazette. The new framework revises thresholds for annual sales, workforce size, and asset values, determining eligibility for MSME Registry registration and...
Bangladesh’s National Board of Revenue (NBR) has granted a one-month extension for the filing of income tax returns for corporate taxpayers. According to an order issued on 13 April 2026, taxpayers other than individuals and Hindu Undivided Families (HUFs) will now be allowed to submit returns for the 2025–2026 assessment year up to 15 May...
The Dutch Tax Authority’s Pillar Two Knowledge Group has issued a series of positions on the application of the Minimum Tax Act 2024. These guidelines provide clarification on how the Act should be applied in relation to various specific issues under the Pillar Two framework. These guidances clarify specific definitions and technical applications of the...
Finland’s Tax Administration issued a comprehensive guidance on simplified tax calculation provisions under the Minimum Tax Act (1308/2023) on 13 April 2026, offering significant relief to large multinational and domestic groups navigating complex reporting requirements. The provisions, which incorporate OECD guidelines updated through January 2026, aim to reduce the administrative burden during the early implementation...
The UAE Federal Tax Authority (FTA) has issued an updated Policy on Issuing Clarifications and Directives, amended by Decision No. 2 of 23 February 2026 and effective from 1 March 2026. A key update is the introduction of Directives on Tax Transactions, a new category of public decisions that set out how tax legislation applies...
Argentina has ratified its income and capital tax treaty with Austria through Law 27803, published in the Official Gazette on 10 April 2026. The President of Argentina formalised the ratification by signing Decree No. 233/2026 on 9 April 2026. The tax agreement, originally signed on 6 December 2019, will come into effect once both countries...