Saturday, August 08, 2026
Singapore’s Ministry of Finance (MoF) has confirmed that the second protocol amending the income tax treaty with Cambodia entered into force on 6 March 2026. Signed on 2 November 2023, the protocol updates the DTA’s preamble and introduces a new Article 28 (Entitlement of Benefits) to align with international Base Erosion and Profit Shifting (BEPS)...
The Inland Revenue Authority of Singapore (IRAS) has revised the list of jurisdictions with which it will exchange Country-by-Country (CbC) reports under the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (2016) (CbC MCAA) on 6 March 2026. The following jurisdictions have been newly added: Mongolia, Serbia, and Vietnam – for financial years...
Sweden has announced a temporary reduction in the value-added tax (VAT) on food and bottled water, lowering the rate from 12% to 6% from 1 April 2026 to 31 December 2027, as published in the Official Gazette on 3 March 2026. The move follows parliament’s approval of the government’s proposal, aimed at easing household finances...
Taiwan’s Ministry of Finance confirmed that an income tax treaty with Tuvalu was signed on 4 March 2026. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. The 29-article treaty provides for reduced withholding tax on dividends, interest, and royalties at 10%, and includes mechanisms for dispute resolution and tax...
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-16, scheduled for formal publication in Internal Revenue Bulletin 2026-13 on 23 March 2026 on the IRB website. The guidance addresses the foreign earned income exclusion for individuals who were unable to meet the eligibility requirements because adverse conditions in a foreign country prevented them...
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has urged zakat payers to “voluntarily” make their Zakat through the ZAKATY platform or through the ZAKATY website (zakaty.gov.sa). ZAKATY allows individuals to make their Zakat through safe payment methods approved by banks, such as SADAD, Visa, and Apple Pay services, in a way that ensures fast...
Brazil officially promulgated a protocol amending its tax treaty with Chile on 2 March 2026, according to Decree No. 12,863. The updated convention introduces significant modifications to prevent tax avoidance while eliminating double taxation on income between the two countries. Notable changes include: Royalty taxation now differentiates between types: 15% for industrial or commercial trademarks,...
Argentina’s Executive Branch published Decree 105/2026 in the Official Gazette on 18 February 2026, introducing a series of amendments to Decree 749/2024, which implemented the incentive regime for large investments known as the Régimen de Incentivo para Grandes Inversiones (RIGI). The Decree entered into force on the date of publication. Decree 105/2026 modifies and extends...
China, the US, and several Western governments are urging Ghana to halt plans to raise gold royalties, sources say. Ghana aims to replace its fixed 5% royalty with a 5–12% sliding scale linked to gold prices, seeking higher revenue from rising bullion prices. Miners warn that the top rates would make Ghana one of Africa’s...
Australian Prime Minister Anthony Albanese and Canadian Prime Minister Mark Carney issued a joint statement on 5 March 2026 at the outset of Carney’s first official visit to Australia. The two leaders have committed to modernising the two countries’ 1980 tax treaty with a view to facilitating greater investment, including joint investment, among other things....