Saturday, August 08, 2026
Indonesia’s parliament unanimously approved legislation that will let the government establish international financial centres (IFCs) across the country on Tuesday, 21 July 2026. The law aims to pull in foreign capital and support the government’s goal of hitting 8% annual economic growth by 2029. Southeast Asia’s biggest economy has struggled to develop its financial sector...
The Luxembourg parliament is considering a draft law submitted on 17 July 2026 that would amend the Law of 22 December 2023 on the minimum effective taxation of multinational enterprise groups and large national groups. The amendments would implement the OECD/G20 Inclusive Framework’s Pillar Two Side-by-Side package agreed in January 2026 and update Luxembourg’s rules...
Chile’s tax authority (SII) announced on 20 July 2026 that SII and Chile’s Copper Commission (Cochilco) hosted a conference on 13 July 2026, aimed at encouraging major mining companies to enter into advance pricing agreements—formal contracts that let operators agree upfront with the SII on how they’ll price goods sold between their own subsidiaries abroad....
President Donald Trump announced 50% tariffs on approximately USD 20 billion of Canadian imports on 20 July 2026, marking the first use of Section 338 of the Tariff Act of 1930 in nearly a century. The action targets a wide array of products—motor vehicles, alcohol, hockey sticks, cement, dairy, swimming pools, furniture, and wigs—set to...
Qatar has ratified the income and capital tax treaty with the UAE through Decree No. (39) of 2026, published in the Official Gazette on 25 June 2026. The treaty covers income taxes in both Qatar and the UAE, includes a mutual agreement tie-breaker for dual-resident entities, deems a service permanent establishment where services are provided...
Argentina has gazetted Law 27814 on 17 July 2026, which ratifies the amending protocol to its 1979 income and capital tax treaty with France. Signed on 6 December 2019, the protocol is the second to amend the treaty. It will enter into force 30 days after the exchange of instruments of ratification and will apply...
Rwanda has published Law No. 027/2026 of 14 July 2026 in the Official Gazette, ratifying the income tax treaty with Botswana. Signed on 6 May 2026, the treaty aims to prevent double taxation and fiscal evasion between the two nations. The treaty covers Botswana’s income tax and capital gains tax, as well as Rwanda’s personal...
China is advancing invoice digitalisation by phasing out paper invoices and expanding fully digital e-invoices as part of broader tax administration reforms to reduce costs, improve compliance, and support digital transformation. Zhejiang eliminates paper invoices by June 2026 Many taxpayers are no longer allowed to issue paper invoices after 30 June 2026, while previously issued...
The UK government has published a series of draft Finance Bill 2026 measures proposing changes across several indirect taxes and duties, including the Soft Drinks Industry Levy, Air Passenger Duty (APD), Alcohol Duty, Landfill Tax, VAT and Vehicle Excise Duty (VED). The proposals also include new legislation affecting electric vehicles and technical amendments to tax...
Austria’s Federal Council (Bundesrat) approved the protocol to the 2000 income and capital tax treaty with Uzbekistan on 16 July 2026. The protocol updates the treaty preamble to align with BEPS standards, revises the dual-resident rule for non-individuals, and updates the definition of dividends under Article 10. It also replaces Article 26 (Exchange of Information)...