Friday, October 09, 2026
China’s Ministry of Finance and State Taxation Administration released Announcement No. 28 of 2026 on 3 September 2026, introducing mandatory VAT withholding requirements for businesses that purchase services from individual contractors. Starting 1 November 2026, domestic entities must withhold and remit value-added tax on behalf of these service providers in specific circumstances. The rule applies...
The OECD has published updated arbitration profiles for the Netherlands, Australia, and Japan under the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Part VI of the MLI allows jurisdictions that opt to apply it to use mandatory binding arbitration to resolve tax treaty disputes. The arbitration...
The Indonesian tax authority, the Directorate General of Taxes (DJP) will implement income tax collection from online sellers starting 1 October 2026, moving the policy forward by one month from its previous November 1 timeline. The announcement came from Bimo Wijayanto, head of the finance ministry’s tax department, following a reshuffle at the top of...
Romania deposited an updated notification on 15 September 2026 confirming the completion of its internal procedures for the MLI to enter into effect for its tax treaty with Montenegro (formerly Yugoslavia), according to an OECD update. Romania’s notification was required under its MLI reservation before the instrument could take effect for the Romania-Montenegro tax treaty....
The Supreme Court of Canada has dismissed Husky Energy Inc.’s application for leave to appeal on 3 September 2026. The decision upholds a 2025 Federal Court of Appeal ruling that blocked the company from using a tax treaty loophole to reduce withholding taxes on dividend payments. The outcome closes a significant chapter in Canadian tax...
The Dutch government presented the 2027 Budget, including the Tax Plan for 2027 (Belastingplan 2027), on 15 September 2026. Corporate adjustments From 2027, embedded currency hedging results on participation investments will no longer qualify for the participation exemption. Tax changes for entrepreneurs and businesses Carbon and waste tax timelines pushed back: The Netherlands has postponed...
The Dominican Republic’s Tax Authority (DGII) clarified the inheritance tax treatment of estates of foreign pensioners or rentiers covered by Law 171-07 on Special Incentives for Pensioners and Rentiers of Foreign Source. The ruling, G.L. Núm. 5017XXX, was issued on 23 February 2026 and published online on 3 September 2026. Under Law 2569 on Successions...
The Federal Pension Insurance Fund has changed the rules for compulsory pension contributions for persons working under specific circumstances in the Federation of Bosnia and Herzegovina (FBiH). The new rules were published in Official Gazette No. 62/26 and entered into force on 13 August 2026. The changes abolish compulsory pension contributions for employees who also...
Taiwan’s Southern Area National Taxation Bureau had reminded businesses on 16 September 2026, that travel expenses claimed for tax purposes must be supported by evidence showing that the trips were related to business operations. Under Article 38 of the Income Tax Act and Article 62 of the Guidelines for the Examination of Corporate Income Tax...
Japan’s cabinet approved an outline on 15 September 2026 to reduce the consumption tax on food from 8% to 1% for two years from April 2027, alongside household payouts equivalent to the remaining 1%. The proposed measures are intended to ease the impact of rising living costs. The tax cut would create a revenue shortfall...