Saturday, August 08, 2026
Belgium’s tax authorities, SPF Finance, announced on 14 July 2026 that starting 1 July 2026, American exporters can ship into Europe at reduced or zero customs duties under the Turnberry Agreement, inked on 27 July 2025. The rules sit in Regulation (EU) No 2026/1455. The European Commission’s guidance (OEO Information Note DD 022.835, issued 1...
The US will meet with Mexico in Mexico City for the third bilateral negotiating round related to the Joint Review of the United States-Mexico-Canada Agreement (USMCA) on 21 July 2026, according to a release by the USTR dated 17 July 2026. This follows after the US and Mexico have begun formal negotiations to revise the...
Austria’s Federal Council (Bundesrat) approved the Budget for 2027 and 2028, including a range of tax measures, on 16 July 2026. Financial and tax reforms The Budget detail several significant changes to the Austrian tax and financial landscape: Parcel tax: A new tax is introduced for the delivery of parcels from mail-order businesses. Starting 1...
Romania’s tax authority, the National Agency for Fiscal Administration (ANAF) has amended Order No. 1699/2021 to allow electronic issuance of both VAT Registration Certificates and Tax Registration Certificates, alongside the existing paper versions. The original order, published in the Official Gazette of Romania Part I on 4 November 2021, set out the forms and procedures...
The Netherlands Ministry of Finance has launched a public consultation on proposed sugar tax reforms on 16 July 2026. The proposals would replace the current flat-rate excise tax on non-alcoholic beverages with a tiered sugar-based tax and introduce a separate sugar tax on food products by 2030 as part of the Cabinet’s broader strategy to...
Morocco’s Chamber of Councillors approved Project Law No. 53.24 on 30 June 2026, completing parliamentary approval for the ratification of the income tax treaty with Chad. The agreement, signed on 14 August 2024, aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion, encouraging foreign investment and trade between the two...
Argentina’s tax authority (ARCA) has published General Resolution 5872/2026 in the Official Gazette of 3 July 2026, which consolidates and updates the mandatory registration process for export contracts involving goods with transparent market prices. These regulations apply to local exporters who must register their international sales agreements electronically before shipping, particularly when dealing with foreign...
Brazil and Canada held the fifth Brazil-Canada Strategic Partnership Dialogue on 14 July 2026. During the meeting, participants discussed collaboration on trade, investment, mining, energy, science and technology, defence, customs, countering organised crime, and sustainable development. The two sides noted that their trade and investment relationship was marked by increases in Canadian direct investment in...
The UK HMRC has published policy papers, draft legislation, and explanatory notes covering two proposed tax measures: the introduction of a new Oil and Gas Revenue Levy to replace the existing Energy Profits Levy, and reforms to the foreign permanent establishment exemption regime. Oil and gas taxation — Oil and Gas Revenue Levy This measure...
A bipartisan group of US lawmakers urged the Trump administration, on 16 July 2026, to clamp down on imports of partially finished solar cells—called “blue wafers”—that manufacturers use to sidestep tariffs and claim federal tax credits they’re not entitled to. The letter, signed by Republicans Mike Bost and Pat Harrigan and Democrats Ro Khanna and...