Saturday, August 29, 2026
The Trump Administration has disbursed roughly USD 100 billion in refunds from tariffs the Supreme Court invalidated in February, according to a court filing released 5 August 2025. The figure represents about 60% of the USD 166 billion the government collected before the high court ruled against the tariff regime in late February. The tariffs...
The US Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2026-48 on 7 August, announcing their intention to propose regulations on the federal Saver’s Match program. The notice outlines anticipated rules for the programme and requests public input to inform future proposed regulations. The notice also represents an initial step in...
Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers that the first instalment of income tax for the Year of Assessment 2026/2027 is due by 15 August 2026. The deadline applies to Corporate Income Tax (CIT), Individual Income Tax (IIT) and Partnership Income Tax (PIT). Payment details Tax Type Tax Type Code Payment Period Code...
The UAE’s Ministry of Finance has announced the issuance of Ministerial Decision No. (131), extending the period during which eligible Taxable Persons can claim Small Business Relief to tax periods ending on or before 31 December 2029. The amendment updates certain provisions of the Ministerial Decision on the Taxation of Corporations and Businesses and continues...
The Trump administration is expected to reject requests from some US solar manufacturers to accelerate the implementation of a proposed 15% tariff and price floor on imported polysilicon products. The measures could be announced as early as Thursday but are expected to take effect 120 days after the announcement, according to sources familiar with the...
Hungary has published Act XXXII of 2026 in the Official Gazette, which will enter into force on 18 August 2026. The Act consists of excerpts from the 18 July 2026 issue of the Hungarian Gazette, detailing several newly enacted laws and government decrees. A primary focus is a bilateral agreement between Hungary and Slovakia to...
Bahrain’s National Bureau for Revenue (NBR) has published VAT Financial Services Guide Version 1.4 on 3 August 2026. The latest version of the guide updates Section 10.4. Under Bahrain’s VAT rules, financial services are generally treated as follows: Zero-rated: Financial services supplied to a recipient outside Bahrain, provided the conditions for the zero-rating of exported...
The US Internal Revenue Service (IRS) on 6 August 2026 announced new and expanded features for Business Tax Account (BTA) users, giving eligible businesses and organisations more ways to view digital notices, make payments, and access and manage federal tax account information online. Business Tax Account is an online self-service platform that allows authorised users...
The Inland Revenue Authority of Singapore (IRAS) has published the e-Tax Guide GST: Major Exporter Scheme (Eighteenth Edition) on 3 August 2026, setting out the latest guidance on the operation of the Major Exporter Scheme (MES). The guide explains the qualifying conditions, approved uses, compliance obligations, GST reporting requirements and internal control standards that apply...
France has issued new legislation completing the regulatory framework for mandatory electronic invoicing ahead of the September 2026 implementation, introducing detailed operational, governance and compliance requirements for plateformes agréées while formally ending the Portail Public de Facturation (PPF) as an invoice exchange channel. Decree No. 2026-677 and the Order of 27 July 2026, published on...