Saturday, August 29, 2026
The Thai Revenue Department has issued two new orders, Order No. 369/2569 (2026) and Order No. 370/2569 (2026) on 2 July 2026, which set out the criteria and delegation of authority for waiving or reducing penalties and surcharges related to corporate income tax, value added tax (VAT), and specific business tax (SBT). Both orders are...
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced on 11 August 2026 that it has issued a final rule permanently removing the requirement for US companies and US persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act (CTA). The final rule takes effect upon publication in...
The Danish Tax Agency has extended the limitation period for claiming a refund of Danish dividend tax from three years to five years following a June 2026 decision by the Danish Supreme Court. The agency has updated its guidance on claiming a refund of Danish dividend tax and said it will automatically reopen relevant cases...
Ghana’s Parliament has passed the Income Tax (Amendment) Bill, 2026, amending the Income Tax Act, 2015 (Act 896) to revise personal income tax bands for resident individuals and raise the turnover threshold for the presumptive tax regime. The bill proposes to exempt minimum wage earners from income tax, following the government’s agreement on the 2026...
The Slovak Republic has launched a public consultation on a draft income tax treaty with Rwanda. The tax treaty aims to establish a legal framework to eliminate double taxation on income between the two countries. The draft agreement is heavily aligned with the OECD/G20 Base Erosion and Profit Shifting (BEPS) standards, specifically focusing on treaty...
The South African Revenue Service (SARS), in a media release dated 7 August 2026, urged schools registered under the South African Schools Act that are currently VAT vendors to apply for cancellation of their VAT registration following legislative changes to the VAT treatment of schools effective 1 January 2026. From that date, all supplies made...
Bangladesh and Estonia agreed to strengthen bilateral relations during the 2nd Foreign Office Consultations held in Tallinn on 10 August 2026, according to a post by Bangladesh’s Ministry of Foreign Affairs. Both sides also discussed concluding a double taxation avoidance agreement as part of broader bilateral cooperation. The DTAA, which will prevent companies from facing...
Italy has published Legislative Decree No. 149 of 7 August 2026 in the Official Gazette No. 185 of 11 August 2026. The legislative decree introduces comprehensive reforms to Italy’s tax justice system, strengthening the legal framework governing tax magistrates. It establishes a unified national register to track seniority and professional status while imposing strict standards...
Serbia’s Ministry of Finance published an updated Rulebook on Electronic Invoicing in the Official Gazette No. 71/2026 on 5 August 2026, introducing significant enhancements to the Sistem e-Faktura (SEF) platform’s VAT reporting functions. Sistem e-Faktura (SEF), Serbia’s central electronic invoicing platform operated by the Ministry of Finance’s Central Information Intermediary. The amendments focus on VAT...
Qatar’s tax authority (GTA) has announced on 12 August 2026 the launch of its online meeting booking service through the Dhareeba Platform, as a new step in the Authority’s digital transformation journey to develop communication channels with taxpayers and facilitate their access to services. The service enables taxpayers to submit a request for a meeting...