Saturday, September 19, 2026
The UAE Federal Tax Authority has issued Decision No. 13 of 2026 on 22 July 2026, establishing due diligence requirements for Taxable Persons seeking to deduct Input Tax. The Decision applies to the verification of the validity and integrity of supplies received before Input Tax is deducted, in accordance with Article 54(bis) of the VAT...
Lithuania has proposed amendments to the Law on Corporate Income Tax that would establish a legal framework for assessing whether activities qualify as research and experimental development works (R&D) for the purposes of applying corporate income tax incentives. The draft amendments to Article 17¹, dated 25 August 2026, would authorise the Government of Lithuania or...
The State Secretariat for International Finance (SIF) has updated Switzerland’s list of jurisdictions for the automatic exchange of financial account information, reclassifying Trinidad and Tobago as a reciprocal jurisdiction, according to a notice published on 25 August 2026. The change affects Switzerland’s implementation of the automatic exchange of information (AEOI) standard, which the country applies...
Thailand has extended its reduced Value-Added Tax (VAT) rate of 6.3% for another year, from 1 October 2026 to 30 September 2027. Including the 0.7% local government allocation, the effective VAT rate remains 7% on sales of goods, provision of services and imports. The extension is set out in Royal Decree No. 807 of 20...
The Dominican Republic’s General Directorate of Internal Taxes (DGII) has announced, on 26 August 2026, that taxpayers classified as Large Local and Medium must exclusively issue electronic invoices using sequences of electronic tax receipts (e-CF) type “E” from 1 November 2026. The requirement follows Law No. 32-23 on Electronic Invoicing of the Dominican Republic and...
Irish Revenue has published eBrief No. 121/26 on 24 August 2026, introducing Tax and Duty Manual Part 38-03-38 – Guidance on reporting obligations of Reporting Crypto-Asset Service Providers. The newly created guidance explains how the reporting obligations for Reporting Crypto-Asset Service Providers will apply and operate in Ireland. The Crypto-Asset Reporting Framework (CARF), developed by...
Lithuania is proposing a 200% tax deduction for companies investing in certain advanced technologies under draft amendments to the Law on Corporate Profit Tax published on 25 August 2026. The proposal would allow entities implementing investment projects to reduce taxable profit by twice the amount spent on qualifying long-term assets listed in a new Annex...
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has issued a new guide outlining the tax and customs treatment for businesses operating in the country’s four Special Economic Zones (SEZs), along with the compliance requirements applicable to licensed entities. Four special economic zones Saudi Arabia currently has four SEZs: King Abdullah Economic City (KAEC) SEZ,...
The Northern Region National Taxation Bureau of the Ministry of Finance announced on 25 August 2026 that profit-making enterprises using the calendar year as their accounting year must file provisional income tax returns for the 2026 fiscal year between 1 and 30 September 2026. Similarly, the Taipei National Taxation Bureau of the Ministry of Finance...
The US Internal Revenue Service (IRS), in a release on 24 August 2026, has reminded information return filers who currently use the Filing Information Returns Electronically (FIRE) system to prepare now for the system’s retirement and transition to the Information Returns Intake System (IRIS) before the 2027 filing season. After the November maintenance window, filers...