Saturday, August 08, 2026
The Brazilian Federal Revenue Service (RFB) and the Management Committee for the Tax on Goods and Services (CGIBS) have announced, on 27 July, that a joint act establishing the start dates for the mandatory issuance of electronic tax documents (DF-e) — indicating the Contribution on Goods and Services (CBS) and the Tax on Goods and...
Italy reintroduced a temporary excise duty cut on diesel on 27 July 2026 to ease fuel prices for households and businesses. The reduction brings state spending to EUR 125 million when combined with tax breaks for truck drivers and farming operations. The prior excise cut, which ran from March through 3 July, expired after consuming...
Bulgaria’s National Assembly gave final approval to the State Social Security Budget Bill and the National Health Insurance Fund Budget Bill, followed by the State Budget Bill on 22 July 2026. All three bills were tabled on 1 July, and adopted on 24 July, introducing personal social insurance contributions for civil servants along with higher...
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA) has reiterated, on 28 July 2026, the key exemption criteria under the country’s Controlled Foreign Company (CFC) regime, urging businesses to ensure compliance with the rules when preparing their annual income tax filings. Taiwan introduced its CFC regime from the 2023 fiscal year to prevent profit-seeking...
The Vietnamese Ministry of Finance has issued Circular No. 95/2026/TT-BTC, effective from 1 July 2026, setting out comprehensive guidance on the implementation of Double Taxation Agreements (DTAs), Mutual Agreement Procedures (MAP), and Advance Pricing Arrangements (APA). The Circular replaces Circular No. 205/2013/TT-BTC and Circular No. 45/2021/TT-BTC and establishes updated rules on treaty application, dispute resolution,...
The European Commission has updated its Public Country-by-Country (CbC) Reporting Taxonomy project, originally launched in 2025 to support the preparation of public CbC reports. Following a review initiated in January 2026, the Commission has released updated technical documentation dated 24 July 2026 to assist report preparers, software developers, and IT teams. The taxonomy and the...
The Netherlands published the Hybrid Mismatch Policy Decision 2026 (Decree No. 2026-12123), issued by the State Secretary of Finance on 24 July 2026, replacing the previous policy decision that was originally issued in 2021 and subsequently updated in 2022. The 2026 Policy Decree on Hybrid Mismatches provides official guidance from the Dutch State Secretary for...
UK’s His Majesty’s Revenue and Customs (HMRC) has published two reports from the General Anti-Avoidance Rule (GAAR) Advisory Panel concluding that arrangements designed to reduce Inheritance Tax (IHT) through the use of employee benefit trusts (EBTs) were unreasonable and therefore fall within the scope of GAAR. The opinions, published on 22 July 2026, relate to...
The Australian Taxation Office (ATO) has updated its guidance on changing to monthly GST reporting, including new guidance on voluntarily switching GST reporting. It has also revised its guidance on when it may change a business’s GST reporting cycle, including circumstances in which businesses may be moved from quarterly to monthly reporting. Why the ATO...
The Colombian Ministry of Finance submitted a new 2026 Tax Reform Bill to Congress on 20 July 2026, introducing a broad package of tax measures aimed at strengthening public finances. Although the legislation is titled the 2026 Tax Reform Bill, most of its provisions are proposed to take effect from 2027. The bill follows the...