Saturday, September 19, 2026
Belgium’s Federal Public Service Finance has published additional frequently asked questions (FAQs) on the filing requirements under the Pillar Two global minimum tax rules, expanding on guidance previously issued for the country’s Qualified Domestic Minimum Top-up Tax (QDMTT). The additional FAQs, published on 18 August 2026, are set out in sections 4 to 6 of...
The free trade agreement (FTA) between Hong Kong and Peru, signed on 15 November 2024, will enter into force on 1 September 2026, following completion of internal procedures by both jurisdictions, according to a release by the Hong Kong government on 25 August 2026. As per the agreement, Peru will remove tariffs on 98.3% of...
Romania’s Ministry of Finance published Order No. 987/2026 (issued on 3 August 2026) in the Official Gazette (Monitorul Oficial) No. 678 on 17 August 2026, establishing the detailed procedure and forms for implementing a 3% tax bonus on the 2025 annual corporate income tax and the tax on micro-enterprise income. Romania’s 3% tax bonus is...
Hungary’s National Tax and Customs Administration (NAV) announced on 25 August 2026 that the Hungarian National Bank reduced its base interest rate from 5.75% to 5.50%, effective 26 August 2026. The rate was previously cut from 6.00% to 5.75% on 22 July 2026. The base rate is used to calculate interest on late tax payments,...
Brazil’s tax authority (RFB) announced it rolled out a new round of the Digital Tax Audit (MFD) on 27 August 2026, focused on insufficient PIS/Cofins declarations. The initiative gives taxpayers a window to self-correct discrepancies in their social contribution payments before formal audits commence. Cross-referencing of data submitted by legal entities uncovered BRL 300 million...
Argentina’s tax administration (ARCA) announced on 27 August 2026 that it activated the Investment Management System (SGI), a web platform for registering investment projects, selecting tax benefits, and administering the Incentive Regime for Medium-Sized Investments (RIMI). General Resolution 5889/2026, effective 25 August 2026, established the system to centralise and digitise tax incentive management tied to...
Romania published Government Decision (GD) No. 643/2026 in the Official Gazette (Monitorul Oficial, Nr. 699) on 24 August 2026, establishing the “TechUp Romania” state aid scheme. Approved by the Government on 20 August 2026, the scheme operates as a block-exempted measure under European Commission Regulation (UE) No. 651/2014, meaning it does not require formal notification...
Canada’s Department of Finance removed seafood and fish products from its counter-tariff list on 26 August 2026, following industry feedback about potential economic damage. The exclusion targets selected items while maintaining broader retaliation measures against US imports. The adjustment follows Canada’s announcement of levies on approximately USD 20 billion worth of American goods, matching the...
Qatar published six General Tax Authority (GTA) decisions in Issue 14 of the Official Gazette on 27 August 2026, setting out rules for implementing the Pillar Two global minimum tax framework. A primary focus is the Ministry of Foreign Affairs’ comprehensive guide for the description and classification of diplomatic and consular roles, outlining the formal...
The Federation of Bosnia and Herzegovina (FBiH) has amended the Rulebook on the Application of the Law on Personal Income Tax to allow employers to grant employees a monthly, tax-exempt financial assistance payment of up to BAM 300, available until 31 January 2027. The federal government adopted the amendment on 28 July 2026, and the...