Posts by: RF Report


Ukraine clarifies tax breaks for defence city residents under DIC support regime

Ukraine’s State Tax Service published Information Letter No. 3/2026 on 11 August 2026, setting out the tax incentives available to residents of the Defence City regime for enterprises in the defence-industrial complex (DIC). The regime was introduced by Law of Ukraine dated 21 August 2025 No. 4577-IX “On Amendments to the Tax Code of Ukraine...

Uruguay sets new IRPF deadline for foreign capital income

Uruguay’s General Tax Directorate (DGI) has amended certain Personal Income Tax (IRPF) deadlines for withholding agents and taxpayers receiving income from real estate leases, capital gains and foreign movable capital income through DGI Resolution No. 1783/026, which was published in the Official Gazette on 6 August 2026. The measure adjusts existing deadline rules to incorporate...

Sri Lanka: IRD sets deadline for VAT payment, returns for July 2026

Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers that Value Added Tax (VAT) for July 2026 must be paid by 20 August, with the corresponding VAT return due online by 31 August. The monthly filing applies under tax type code 70, with July 2026 identified by return period code 2631 and period code 26310....

Taiwan clarifies business tax rules for non-profits selling goods or services

Taiwan’s National Taxation Bureau of the Central Area has clarified how non-profit educational, cultural, public welfare and charitable institutions must report and pay business tax when they sell goods or services, following an enquiry from an unregistered cultural organisation planning a ticketed performance event. Business tax applies despite non-profit status Educational, cultural, public welfare and...

Taiwan tightens corporate tax rules for property leasing entities

Taiwan’s Central District National Taxation Bureau, under the Ministry of Finance, had amended rules governing corporate income tax filings for businesses that lease their own real estate, in a move aimed at ensuring fairness between individual and corporate taxpayers on rental income and preventing entities from shifting tax liability by altering their reporting classification. The...

Ghana: Parliament approves Excise Bill 2026 to overhaul beverage, alcohol taxation

Ghana’s Parliament passed the Excise Bill 2026 on 28 July 2026. The Excise Bill of 2026 is a comprehensive legislative proposal designed to overhaul the taxation of specific imported and locally manufactured goods in Ghana. The bill consolidates and reforms the existing legal landscape by repealing both the Excise Tax Stamp Act, 2013 (Act 873)...

Romania cuts diesel excise duty by 20% in response to market surge

Romania’s Ministry of Finance announced on 13 August 2026 that it has implemented a temporary 20% reduction in excise duty on standard diesel from 16 to 31 August 2026. The cut of RON 560.86 per 1,000 litres (or RON 663.75 per ton) lowers the excise duty level to 2,243.43 lei per 1,000 litres (RON 2,654.99...

Brazil plans to end cash-basis tax calculations for Simples Nacional from 2027

Brazil’s National Simplified Tax System Management Committee (CGSN) approved new changes to the regulations of the National Simplified Tax System on 14 August 2026, with the aim of adapting the system to changes introduced by the Consumption Tax Reform (RTC) and regulating the incorporation of IBS and CBS into the system. Another relevant change is...

Poland temporarily cuts VAT rate on motor fuels to 8% 

Poland’s Minister of Finance and Economy issued a regulation on 13 August 2026 temporarily reducing the VAT rate on certain motor fuels to 8%. The measure amends the Regulation of 9 December 2023 on reduced VAT rates and applies for two weeks, from 17 August through 31 August 2026. 8% VAT rate applies to selected...

US: Trump signals federal challenge to New York luxury property tax

New York’s so-called pied-à-terre tax faces mounting legal pressure after President Donald Trump announced on 11 August 2026 that the federal government might challenge the surcharge on luxury second homes in the city. The tax, designed to generate USD 500 million annually for New York City, has already been blocked temporarily. A Staten Island judge...