Saturday, August 29, 2026
The Hong Kong Inland Revenue Department published an FTSB response dated 12 August 2026 addressing media enquiries about the expanded preferential tax regime for carried interest proposed under the Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026. The Bill, first announced in June 2026, seeks to...
The US Department of the Treasury and the Internal Revenue Service (IRS) announced that it issued proposed regulations on 11 August 2026, guiding employers that choose to make contributions to Trump Accounts for employees or their dependents. The proposed regulations also clarify nondiscrimination requirements for employers offering Trump Account contribution programs and dependent care assistance...
The Central Taiwan National Taxation Bureau of the Ministry of Finance announced on 14 August 2026 that businesses and individuals purchasing electronic services from overseas e-commerce platforms (such as Google, Microsoft, Amazon, and Apple) should declare and pay business tax in accordance with the relevant provisions of the Value-Added and Non-Value-Added Business Tax Act and...
The Tunisian Ministry of Finance, through the General Directorate of Taxes (DGI), has launched DEXEL, the new online declaration of existence platform, enabling individuals and professionals to complete their declaration of existence procedures and obtain their tax identification numbers entirely online. Available 24 hours a day, seven days a week, DEXEL allows users to submit...
Lithuania’s State Tax Inspectorate (VMI) updated its guidance on the Law on Corporate Income Tax on 11 August 2026. The guidance details the official commentary and legal amendments regarding the taxation of positive income from controlled foreign corporations (CFCs) under Lithuanian law. It explains that Lithuanian entities must include the income of foreign subsidiaries in...
Chile’s tax authority (SII) announced on 13 August 2026 that around 1.07 million people who received pandemic relief loans through Chile’s solidarity loan programme face repayment demands after failing to file tax returns during the 2022–2026 benefit period. The SII has set an end-of-August deadline for these taxpayers to file outstanding tax forms, beyond which...
The UAE Federal Tax Authority (FTA) has issued Corporate Tax Public Clarification CTP012, addressing the Corporate Tax treatment of payments made by banks on Additional Tier 1 (AT1) instruments. The clarification explains whether such payments are deductible when determining a bank’s Taxable Income and provides guidance on the applicable tax treatment. Issue Banks operating in...
The Trump administration is imposing tariffs of up to 100% on imported drones and drone components, as part of efforts to reduce US reliance on foreign suppliers and potentially accelerate the decoupling of drone supply chains from China. Under the new tariff structure, a 100% tariff will apply to heavier drones weighing more than 25...
The French tax authority has published updated guidance on the temporary corporate income tax surtax for large companies, reflecting the extension and revised liability threshold introduced under the Finance Law for 2026. This official tax bulletin outlines the extraordinary corporate tax imposed on major corporations in France for the 2025 and 2026 fiscal years. Eligibility...
The Australian Taxation Office (ATO) has published updated guidance on 4 August 2026 on Global Anti-Base Erosion (GloBE) joint ventures, including instructions for completing the Combined Global and Domestic Minimum Tax Return (CGDMTR). The expanded guidance aims to help multinational enterprise groups within the scope of Pillar Two understand and comply with their reporting and...