Friday, October 09, 2026
The Netherlands published Policy Decision No. 2026-17016 of 10 September 2026 from the State Secretary of Finance on 22 September 2026, updating and replacing the 2025 decision on the interest deduction limitation, or earnings stripping, rules. The decision provides administrative guidelines on the application of the generic interest deduction limitation (earnings stripping rule) under Article...
Brazil’s Senate has approved Bill 3.540/2026 and forwarded it to the Executive Branch for sanction or veto on 3 September 2026. Bill 3.540/2026 (PLP 3540/2026) addresses a long-standing structural imbalance in Brazil’s financial sector by establishing a tailored tax regime for local reinsurance companies. The bill amends Law 7.689/1988 and Law 8.981/1995 to align domestic...
The US Department of the Treasury and Internal Revenue Service (IRS) have issued proposed regulations establishing new reporting and certification requirements for Qualified Opportunity Funds (QOFs) and Qualified Opportunity Zone Businesses (QOZBs). These rules establish new mandatory annual returns and investor statements, clarifying the penalties for non-compliance while providing official procedures for voluntary decertification or...
The US Internal Revenue Service (IRS), in a release on 18 September 2026, has alerted the public about a growing scam involving nonexistent “Tribal Tax Credits.” Promoters are selling these fake credits to taxpayers, promising to reduce tax bills or generate refunds. The credits do not exist under federal law. The IRS noted that participants...
The Italian Revenue Agency (IRA) has published Ruling No. 175 of 17 September 2026, clarifying the VAT treatment of data centre colocation services. The ruling responds to a query from a foreign cloud computing company operating through an Italian branch. A technology company, referred to as Alfa, seeks clarification on whether renting a “private cage”...
Oman and Angola signed an income tax treaty to eliminate double taxation and prevent tax evasion and avoidance on 21 September 2026, according to an X post. The agreement forms part of efforts to strengthen tax and economic cooperation and facilitate greater trade and investment between the two countries. It was signed by officials representing...
The Czech Republic’s Ministry of Finance moved to cap retailers’ fuel margins and reduce diesel taxes for October following escalating conflict in the Middle East and tightened oil supplies from Saudi Arabia. The government also approved a new windfall tax on refineries set to take effect in 2026 and 2027. Retail price caps return Price...
The Czech Republic and Uruguay initialled an income tax treaty on 17 September 2026, following the successful conclusion of their second round of negotiations. The treaty remains subject to signature by both countries before it can proceed to the next stage. The agreement is expected to establish a framework for tax matters between the Czech...
Turkmenistan President Serdar Berdimuhamedov and South Korean President Lee Jae Myung held high-level talks in Seoul on 15 September 2026 during Berdimuhamedov’s state visit to the Republic of Korea. The two sides discussed strengthening bilateral cooperation in trade, investment, energy, industry, transport, artificial intelligence, science, technology, water management, education and culture. They also reviewed Turkmenistan’s...
Vietnam and Egypt agreed to complete the legal framework for stronger economic and trade ties, including by signing a new agreement on the tax treaty, during Vietnamese Deputy Foreign Minister Le Anh Tuan’s visit to Egypt from 16 to 18 September 2026. The agreement was discussed at the 11th Vietnam–Egypt political consultation, where both sides...