Saturday, September 19, 2026
The Botswana Unified Revenue Service (BURS) issued a public notice on 30 July 2026 suspending the implementation of 14% VAT on medical services, which was scheduled to take effect from 1 August 2026. The suspension will allow BURS to consult with private healthcare providers, medical aid schemes and the public amid concerns that the tax...
The Australian Taxation Office (ATO) has issued guidance on 24 August 2026, clarifying the GST obligations of religious institutions. Like other not-for-profit organisations, religious institutions must register for GST if their GST turnover reaches AUD 150,000 or more. If a religious institution is not registered for GST, it should regularly review its current and projected...
The Namibia Revenue Agency (NamRA) has reminded taxpayers, traders, tax professionals and the public of their statutory obligations to retain business records and supporting documents, according to a public notice on 15 July 2026. Under the Income Tax Act, 1981, Value-Added Tax Act, 2000 and Customs and Excise Act, 1998, relevant books, records and supporting...
The Monetary Authority of Singapore (MAS) announced three new measures on 19 August 2026 to enhance Singapore’s competitiveness as a leading asset management hub. The measures include a proposed tax exemption on profit-related returns from fund management services provided to qualifying funds, a new hedge fund investment programme to attract leading managers to Singapore, and...
Finland’s Ministry of Finance has submitted a draft proposal for public consultation, seeking amendments to the Tax Procedure Act and related legislation on 21 August 2026. The changes target three main areas: digitalisation of tax reporting, simplification of administrative processes, and strengthened enforcement mechanisms. The amendments are scheduled to take effect on 1 January 2028,...
China’s State Administration of Taxation has announced that the new income tax treaty between China and Norway entered into force on 16 June 2026. The treaty, signed on 12 May 2023, replaces the tax treaty between the two countries that was concluded in 1986. The treaty applies to Chinese individual income tax and enterprise income...
Lithuania has opened a consultation on draft amendments to the Law on Corporate Income Tax that would extend the tonnage tax scheme for shipping companies until 31 December 2036 and ease bareboat charter-out rules for transactions between entities within the same group. The draft amendments, prepared by the Ministry of Transport and Communications, were registered...
Lithuania’s State Tax Inspectorate (VMI) has updated its official commentary on the Law on Corporate Income Tax, clarifying how corporate income tax or an equivalent tax paid abroad can be deducted from Lithuanian corporate income tax. The guidance, published on 21 August 2026, sets out eligibility conditions and limits for the foreign tax credit. The...
Colombia has introduced a legal framework to recognise, promote and strengthen its music sector, including tax measures covering musical products, equipment, manufacturing inputs and contributions to the sector. The measures are set out in Law No. 2615 of 29 July 2026, and entered into force on the same day. VAT measures for music products The...
The UAE Federal Tax Authority (FTA) has issued Decision No. 4 of 2026 on 2 June 2026, setting out rules and requirements for maintaining information contained in accounting records and commercial books. The decision establishes the applicable rules and requirements governing the maintenance of information contained in accounting records and commercial books. Its main provisions...