Saturday, July 18, 2026
Sri Lanka’s Inland Revenue Department (IRD), on 3 July 2026, outlined sweeping changes to the country’s Value Added Tax (VAT) regime following the certification of the Value Added Tax (Amendment) Act No. 14 of 2026 on 30 June 2026. The amendments introduce VAT on digital services supplied by non-residents, increase the VAT rate on financial...
Germany’s government has unveiled an ambitious 26-point package aimed at strengthening the country’s response to tax evasion, financial crime and illicit financial activity through tougher sanctions, enhanced enforcement powers and greater use of technology. Harsher penalties for tax offences Among the most significant proposals is an increase in the maximum prison sentence for organised tax...
Taiwan’s Ministry of Finance has clarified that taxpayers selling inherited or bequeathed real estate may qualify for a significantly lower property income tax rate by combining the ownership periods of successive deceased owners when calculating the applicable holding period. The clarification, issued on 16 July 2026, aims to ensure heirs are not unfairly subject to...
The Dominican Republic’s General Directorate of Internal Taxes (DGII) has launched a public consultation on a draft general rule establishing the tax treatment of software transactions, introducing new rules for software acquisitions, licensing, SaaS, associated services and cross-border payments following the enactment of Tax Reform Law No. 30-26. Public consultation launched On 14 July 2026,...
The Dominican Republic’s Directorate General of Internal Revenue (DGII) has opened a public consultation on a draft general norm establishing the implementation framework for the accelerated depreciation regime introduced under Law No. 30-26. Stakeholders have until 15 September 2026 to submit comments on the proposed rules, which would allow eligible businesses to depreciate qualifying industrial...
The Andorran General Council (parliament) approved the ratification of the income and capital tax treaty with Austria on 14 July 2026. Signed on 28 May 2026, the treaty applies to Andorra’s corporate income tax, personal income tax, and tax on income of non-residents. On the Austrian side, it covers income tax, corporation tax, land tax,...
Bhutan’s National Council approved the income tax treaty with Singapore on 10 June 2026. Signed on 12 May 2026, the agreement clarifies the taxing rights of both countries on income arising from cross-border business activities, and addresses the double taxation of such income. This will lower barriers to cross-border investment and trade and economic flows...
Morocco’s Chamber of Councillors (the upper house of Parliament) approved Project Law (Bill) No. 39.25 on 30 June 2026, ratifying the income tax treaty with Burundi. Signed on 12 May 2025, the agreement aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion, encouraging foreign investment and trade between the two...
The Botswana Unified Revenue Service (BURS) has published a public notice outlining the revised list of foodstuffs subject to VAT at a zero rate under the Value Added Tax (VAT) Act, 2026. The changes took effect from 1 July 2026 and apply to specified food items supplied in their natural state and not mixed with...
The Chilean Internal Revenue Service (SII) has announced that 25 online betting platforms registered under the simplified tax regime for declaring and paying VAT on Digital Services between 14 and 15 July 2026, following the introduction of enforcement measures targeting unregistered providers. The registrations came after the SII announced that, from 15 July, it would...