Saturday, September 19, 2026
Brazil’s 12% export tax on crude oil remains in effect after a federal appellate court overturned a lower-court ruling that had suspended the levy for companies represented by the Brazilian Association of Exploration and Production of Oil and Gas (ABEP). The ruling has left oil exporters facing continued uncertainty as legal proceedings remain pending. The...
Russia has expanded access to its tax monitoring regime from 1 September 2026, allowing legal successors of companies already subject to tax monitoring to enter the regime without independently meeting the standard eligibility thresholds. The change follows Federal Law No. 425-FZ, adopted on 20 November 2025, approved by the Federation Council on 26 November 2025...
The Hong Kong Financial Services and the Treasury Bureau completed negotiations on a comprehensive avoidance of double taxation agreement (CDTA) with Slovenia on 4 September 2026. Secretary Christopher Hui signed the accord on behalf of the Hong Kong Special Administrative Region Government alongside Ambassador Boštjan Malovrh of Slovenia. The agreement represents Hong Kong’s 60th CDTA...
Singapore’s Inland Revenue Authority of Singapore (IRAS) has ruled that an intended waiver of a loan between a company and its intermediate holding company is a capital transaction, with any resulting gains not subject to tax under section 10(1) of the Income Tax Act 1947 (ITA). The ruling, issued in Advance Ruling Summary No. 15/2026...
Brazil’s Federal Senate has approved Bill No. 278/2026, establishing the Special Tax Regime for Data Centre Services (REDATA), a specialised tax incentive program designed to expand Brazil’s digital infrastructure. The initiative seeks to reduce Brazil’s reliance on foreign digital services, bolster technological sovereignty, and improve economic competitiveness in the era of artificial intelligence. By amending...
Bolivia’s National Tax Service (SIN) announced on 4 September 2026 that it eliminated a formal reporting requirement for the hotel and lodging sector, removing a recurring administrative obligation that businesses have faced since 2020. The change came through Regulatory Board Resolution (RND) No. 102600000035, effective 2 September 2026. The regulatory shift The new resolution repeals...
Pakistan’s Federal Board of Revenue (FBR) has amended the income tax return form for tax year 2026 through SRO 1495(I)/2026 issued on 3 September 2026, introducing four new parts before the statutory filing deadline. The notification amends the Income Tax Rules, 2002 and adds Parts II-ZE, II-ZF, II-ZG and II-ZH to the Second Schedule after...
Hong Kong’s Inland Revenue Department has responded to an Ombudsman investigation released on 31 August 2026 regarding unsuccessful delivery of electronic tax returns. The report examined technical glitches that prevented members of the public from completing their tax filings through the eTAX platform during the previous year. The IRD acknowledged the Ombudsman’s findings and accepted...
Portugal’s Secretary of State for Fiscal Affairs has extended the deadline for entities subject to the Global Minimum Tax Regime to file the Modelo 62 Registration Declaration for the 2025 tax year. The three-month extension was announced under Order No. 114/2026-XXV on 1 September 2026. Eligible entities can now submit the Modelo 62 by the...
Chile’s tax administration, the Servicio de Impuestos Internos (SII), has clarified the Chilean tax consequences of a proposed restructuring involving a Panamanian foundation and its underlying foreign investments. In Ruling No. 2191 of 2026, the SII examined whether the reorganisation would trigger offshore indirect transfer (OIT) taxation, create a taxable increase in wealth for the...