Saturday, July 18, 2026
Qatar’s General Tax Authority (GTA) has announced the implementation of a new Excise Tax mechanism on Sweetened Drinks, effective 6 July 2026, based on a Tiered Volumetric Model under which the applicable tax is calculated according to the amount of sugar or added sweeteners contained in taxable beverages and products. The new mechanism is introduced...
The Chilean tax authority (SII) has issued Letter Ruling No. 1529 of 22 June 2026, clarifying the deductibility of carbon credit purchases under amendments to Article 31 of the Chilean Income Tax Law that took effect in 2020. The ruling examines whether money spent on carbon credits can be classified as a deductible business expense....
China is eliminating vehicle tax exemptions for pure electric, plug-in hybrid, and fuel cell commercial vehicles starting 1 January 2027. This decision has been made through Announcement No. 19 of 2026 on the Vehicle and Vessel Tax reduction and exemption for energy-saving and new energy vehicles, jointly issued by the State Taxation Administration, Ministry of...
Italy has published Legislative Decree No. 117 of 19 June 2026 in the Official Gazette, introducing a new consolidated Income Tax Code (Testo Unico delle disposizioni legislative in materia di imposte sui redditi) that will apply from 1 January 2027. The decree is part of the country’s wider tax reform programme under Law No. 111/2023....
The Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 9/2026 on 1 Jul 2026, clarifying whether a Singapore-incorporated company qualifies as an excluded entity under Section 10L of the Income Tax Act 1947. The ruling concerns the tax treatment of gains from the disposal of foreign assets received in Singapore. Entity...
Canada’s Department of Finance has launched pre-budget consultations on 6 July 2026, inviting Canadians to provide input on the government’s spending and policy priorities before the budget is presented this autumn. The government said submissions will help inform policy decisions for Budget 2026 and shape its broader priorities. According to the Department of Finance, Budget...
Nigeria’s Joint Revenue Board published the Presumptive Tax Regulations, 2026, which were originally issued in the Official Gazette on 13 May 2026 and took effect from 1 January 2026. The Nigeria Presumptive Tax Regulations, 2026, serve as a formal legal framework designed to standardise tax collection for individuals and businesses within the informal sector. The...
Turkey’s Tax Administration has issued General Communiqué No. 26, providing final guidance on the corporate income tax amendments introduced by Law No. 7577 and Law No. 7582. The Communiqué, which entered into force on 4 July 2026, confirms the reduced corporate income tax regime for qualifying manufacturers and agricultural producers and includes practical explanations on...
Panama’s tax authority (DGI) has announced the approval of a new version of the transfer pricing information return (Form 930 – Version 3) under Resolution No. 201-4247 of 16 June 2026, published in the Official Gazette on 1 July 2026. The resolution replaces Form 930 version 2.0 with version 3 and must be used for...
The Spanish Tax Agency has launched the 2025 Companies Campaign, with the filing period for Corporate Income Tax opening on 1 July 2026. The campaign includes a dedicated webpage bringing together guidance, updates and support materials to help taxpayers complete their 2025 corporate income tax obligations. The campaign also covers Non-Resident Income Tax for permanent...