Saturday, August 29, 2026
The Indian Central Board of Direct Taxes (CBDT) Ministry of Finance, notified the Foreign Assets of Small Taxpayers – Disclosure Scheme Rules, 2026 on 14 August 2026, under Section 143 of the Finance Act, 2026. The rules provide the procedural and valuation framework for the Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS),...
The Bangladesh government has approved a change in the national fiscal year, moving the cycle from the existing July-June period to April-March from FY 2028-29. The decision was approved at the 17th cabinet meeting on 17 August 2026, chaired by Prime Minister Tarique Rahman. The FY 2027-28 will be treated as a transitional period and...
The European Commission has approved changes to France’s tax credit for foreign film and audiovisual productions, with the State aid authorisation published in the Official Journal of the European Union on 29 July 2026. The reform expands the scope of costs eligible for the tax incentive, including certain above-the-line expenses such as remuneration for non-European...
The Hong Kong Inland Revenue Department (IRD) announced in an update that Hong Kong and Kazakhstan will hold their first round of negotiations on an income tax treaty from 24 to 28 August 2026. If an agreement is reached, it will help prevent double taxation and combat fiscal evasion between the two nations. Any resulting...
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 12 August 2026 that it has provided guidance to simplify and standardise the rollover process by issuing sample forms for direct rollovers to or from a retirement plan, as required under the SECURE 2.0 Act section 324. Notice 2026-49 provides sample forms...
Poland has published the Act of 17 July 2026 amending certain laws to support shipping enterprises and create favourable conditions for their operation under the Polish flag. Signed into law on 7 August 2026, it outlines a 2026 Polish legislative act designed to modernise the maritime sector and incentivise shipping companies to operate under the...
The Hong Kong Government announced on 12 August 2026 that it had signed a Customs Cooperative Arrangement with Pakistan. The Commissioner of Customs and Excise, Chan Tsz-tat, signed the Customs Co-operative Arrangement between Hong Kong Customs and Pakistan Customs in hybrid mode at the Customs Headquarters Building on 12 August 2026. The signing ceremony was...
The Australian Taxation Office (ATO) has published monthly foreign exchange rates for the period from 1 July 2026 to 30 June 2027. The ATO has clarified that all foreign income, deductions, and foreign tax paid must be translated into Australian dollars before being reported in a tax return. There are rules about which exchange rate...
New Zealand Inland Revenue issued Technical Decision Summary No. 26/11 on 14 August 2026, setting out the corporate income tax consequences of a proposed amalgamation involving several New Zealand resident companies under common ownership. The Tax Counsel Office (TCO) considered whether the proposed restructuring would trigger income, deductions or other tax consequences. The arrangement is...
Sweden’s Ministry of Finance has proposed amendments and additions to the Swedish Additional Tax Act (lagen om tilläggsskatt) to align the legislation with the latest Administrative Guidance issued by the OECD/G20 Inclusive Framework on BEPS. The proposed bill, issued on 13 August 2026, and signed by Finance Minister Elisabeth Svantesson and Johan Lindqvist, proposes new...