Saturday, September 19, 2026
The US has prohibited imports of Canadian alcoholic beverages, motorcycles, and dairy products, effective 29 September 2026, according to notices published on the White House website on 8 September 2026. The bans cover spirits including whisky, bourbon, rum, vodka, brandy, tequila, and mezcal, alongside beer and wines. Dairy restrictions target whey protein, invert molasses, and...
Bahrain’s National Bureau for Revenue (NBR) published an updated DMTT Return Filing Manual Version 1.1 on 6 September 2026, providing guidance for large Multinational Enterprise (MNE) groups on filing Domestic Minimum Top-up Tax (DMTT) returns, making payments and requesting refunds through the NBR online portal. Bahrain’s 15% Domestic Minimum Top-up Tax (DMTT) applies from 1...
Sweden’s government has submitted a proposal to the Council on Legislation to make Swedish joint ventures and their subsidiaries directly liable for Swedish national top-up tax under the Pillar Two rules. The legislative amendments, published by the Ministry of Finance on 3 September 2026, are intended to align Sweden’s rules with OECD Pillar Two administrative...
The Philippines Department of Finance (DoF) launched consultations on the ProGRESS Bill in Manila on 3 September 2026, gathering roughly 300 stakeholders from business, government, academics, civil society, and media to review the tax reform package. Personal income relief and small business support The bill proposes raising the annual personal income tax exemption from PHP...
Lithuania’s Ministry of Finance has outlined measures to reduce the country’s VAT gap and shadow economy, with a target of bringing the VAT gap down to no more than 10% in 2026–2027 and 9% in 2028. Minister of Finance Taurimas Valys presented the plans to the President, focusing on three areas: prevention of tax violations,...
The Australian Tax Office (ATO) has confirmed on 8 September 2026 that legislation enabling corporate tax entities to carry back losses against prior-year tax payments is now law. The mechanism, introduced in the 2026–27 Budget, became operational for income years beginning 1 July 2026. How the refundable tax offset works Corporate tax entities meeting strict...
The European Commission reported on 31 August 2026 that VAT declared through the EU’s three One-Stop Shop (OSS) schemes rose to more than EUR 38.8 billion in 2025, an increase of EUR 5.7 billion, or 17%, from the previous year. The Union OSS Scheme accounted for EUR 27.9 billion, followed by the Import OSS (IOSS)...
France’s Directorate General of Public Finance began the nationwide rollout of business-to-business electronic invoicing on 1 September 2026. Large and medium-sized enterprises must now issue invoices electronically, while all businesses, regardless of size, must be able to receive them. More than four million businesses have already registered a receiving address, and two-thirds (66%) of the...
Turkey has expanded the scope of tax, duty, and fee exemptions applicable to foreign exchange-earning activities by extending eligible Central Bank of the Republic of Turkey rediscount credits to other banks. Presidential Decision No. 11723, signed on 4 September 2026 and published in the Resmî Gazette on 5 September 2026, amends Article 4, Paragraph 1...
Taiwan’s Customs Administration, Ministry of Finance, stated on 8 September 2026 that more than TWD 676 million in anti-dumping duties had been collected by the end of June 2026, as anti-dumping measures continue to apply to 12 products. The authority said anti-dumping action is taken under the World Trade Organisation (WTO) Anti-Dumping Agreement and the...