Saturday, August 29, 2026
The Inland Revenue Authority of Singapore (IRAS) has updated the Reporting Employee Earnings (IR8A, Appendix 8A, Appendix 8B) forms for Year of Assessment (YA) 2027 (income year 2026), setting out the reporting requirements employers must meet by 1 March of the year following the year in which the income is derived. Under S68(2) of the...
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance has clarified that profit-seeking enterprises may recognise only realised foreign exchange gains and losses for profit-seeking enterprise income tax purposes, while book differences arising solely from exchange rate adjustments do not constitute actual gains or losses. The Bureau said the clarification is based on Articles 29...
Luxembourg’s government has published a draft bill to expand mandatory electronic invoicing from business-to-government (B2G) contracts to domestic business-to-business (B2B) transactions, introducing a phased implementation from 2028. The proposal would amend the Law of 16 May 2019 on electronic invoicing and the modified Law of 12 February 1979 on Value Added Tax (VAT) to align...
The Serbian National Assembly is reviewing legislation to ratify the pending income and capital tax treaty with Algeria. Signed on 31 March 2026, the agreement will establish the first tax treaty between the two countries once it enters into force. The agreement applies to Algeria’s global income tax, corporate income tax, professional activity tax, property...
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the application of Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This Memorandum of Understanding outlines the specific procedures for resolving tax disputes between Australia and Canada...
Taiwan’s Ministry of Finance on 6 August 2026 issued an interpretative order clarifying the withholding tax requirements for interest income paid through peer-to-peer (P2P) lending platform operators. Under the order, when a business operating a P2P lending platform provides loan-matching services between lenders and borrowers and manages the transfer of loan funds, it must withhold...
Qatar’s tax authority, the General Tax Authority (GTA), announced on 6 August 2026 that the taxpayer compliance rate for filing tax returns for the 2025 tax year reached 90%, representing an increase of 13.9% compared with the 2024 tax year. This reflects the continued improvement in the efficiency of the tax system. The increase in...
Brazil’s tax authority, the Federal Revenue Service (RFB), announced that it enacted Law No. 15,270 of 26 November 2025 on 6 August 2026, which introduced significant changes to income taxation, including the withholding of Income Tax at Source (IRRF) on profits and dividends distributed by legal entities to individuals. The new rule applies to income...
Colombia has published Decree No. 0898 of 29 July 2026, establishing the deemed minimum annual interest rate for loans between companies and their partners or shareholders for the 2026 tax year, while also updating the inflationary components used in several tax calculations for the 2025 tax year. Issued by the Ministry of Finance and Public...
France’s tax administration has published updated administrative guidance confirming the reference interest rates used to determine the tax deductibility of interest paid on advances granted by partners or shareholders beyond their capital contributions for accounting periods ending between 30 June and 29 September 2026. The guidance, published on 5 August 2026 under legal identifier BOI-BIC-CHG-50-50-30,...