Thursday, October 29, 2026
Belgium’s tax administration, FPS Finance, has published Circular Letter 2026/C/94 on 20 October 2026, clarifying withholding tax obligations under the new capital gains tax regime for financial assets, arising from the new capital gains tax on financial assets introduced by the Law of 6 April 2026. The circular complements Circular Letter 2026/C/74 (published on 22...
Argentina’s tax authority (ARCA) clarified the distinction between registration, ratification and validation under the Tax Innocence Law on 27 October 2026. Taxpayers who have already joined the system, filed their sworn statement and cleared any outstanding balance need to take no further action. Taxpayers who are still weighing their options, or who must complete a...
The US Internal Revenue Service (IRS) announced on 21 October 2026 that it has granted temporary administrative relief from certain reporting and recordkeeping rules tied to the tax imposed under section 4041(a) of the Internal Revenue Code. The relief applies while the Department of the Treasury and the IRS study simpler ways to administer these...
The Argentine tax authority (ARCA) has announced changes to the simplified income tax return regime for individuals introduced by the so-called “Fiscal Innocence II” Law (Law No. 27.826). The aim is to make filing easier for individuals who want to use the simplified method. The changes are regulated by General Resolution No. 5916/2026, published on...
Pakistan’s Federal Board of Revenue (FBR) of Pakistan has issued notifications S.R.O. 1666(I)/2026 and S.R.O. 1667(I)/2026 on 29 September 2026, to extend the national electronic invoicing framework beyond standard sales tax to cover Federal Excise Duty (FED) and Islamabad Capital Territory (ICT) services tax. These updates establish that businesses required to issue electronic invoices under...
Kenya has enacted the Kenya Revenue Authority (Amendment) Bill, 2026 (National Assembly Bills No. 28 of 2026), which was published on 19 May 2026 and underwent its First and Second Readings in May and June 2026. The legislation was passed by the Committee of the Whole House with amendments on 7 October 2026. The bill...
Kenya has extended the temporary VAT reduction on specified petroleum products from 16% to 8% for a further 90 days, until 12 January 2027, under the Tax Laws (Amendment) Act 2026, signed by President William Ruto on 16 October 2026. The extension applies to premium motor spirit (gasoline), illuminating kerosene and gas oil. This follows...
Luxembourg has published a notice in the Official Gazette on 23 October 2026 confirming that the protocol amending the 2007 income and capital tax treaty between Georgia and Luxembourg entered into force on 6 July 2026. Signed on 3 July 2025, the protocol replaces Article 27 on the exchange of information to align with OECD...
Austria’s Federal Council (Bundesrat) approved the protocol to the 1974 income and capital tax treaty with Switzerland on 22 October 2026, following the National Council’s approval on 14 October 2026. Signed on 30 July 2026, the protocol is the sixth amendment to the treaty. The protocol updates the Austria–Switzerland tax treaty to align with international...
New Zealand’s Inland Revenue has released an exposure draft (Draft Interpretation Statement IS XX/XX), titled “Income Tax – Forestry”, which provides comprehensive guidance on how the Income Tax Act 2007 applies to forestry activities and timber sales in New Zealand. Public submissions on the draft close on 4 December 2026. The key measures are summarised...