Saturday, August 29, 2026
The Belarusian Council of Ministers has issued Resolution No. 369 on 23 July 2026, expanding VAT relief for businesses importing goods. Legal entities can now defer Value Added Tax payments for up to three months following the release of imported merchandise for domestic use, with no interest accruing on the deferred amount. Legal entities importing...
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has published three new peer review reports on transparency and exchange of information on request (EOIR) for tax purposes for the Cook Islands, Namibia and Tanzania on 29 July 2026. The reports were approved by the Global Forum’s Peer Review...
Malaysia has gazetted the Income Tax (Unit Trust in relation to Income Received in Malaysia from Outside Malaysia) (Exemption) 2024 (Amendment) Order 2026 on 27 July 2026. This legislation extends the tax exemption period for foreign-sourced income received in Malaysia by qualifying unit trusts. Effective 1 January 2027, the amendment extends the exemption’s expiry date...
Europe’s consumer federation and a senior EU lawmaker are urging the European Commission to ensure that consumers are not required to bear the cost of a new customs handling fee on online purchases. This follows the EU introducing a EUR 3 fee on low-value e-commerce imports that had previously entered the bloc duty-free on 1...
The Brazilian Federal Revenue Service (RFB) has published the Executive Declaratory Act Sutri No. 4/2026, dated 21 July 2026, formally binding both the tax authority and Petrobras to Consensual Agreement No. 3/2026 on 24 July 2026. The agreement confirms that, under the Repetro-Sped regime, the same legal entity may simultaneously act as both a consortium...
Lithuania has invited Thailand to resume negotiations on a Lithuania, Thailand double taxation avoidance agreement, with plans to update a draft prepared in 2008 in line with current international tax standards. The proposal was made by Lithuanian Foreign Minister Kęstutis Budrys during a 27 July meeting with Thai Prime Minister Anutin Charnvirakul. The minister said...
The Central Bank of Russia (CBR) has reduced the key interest rate from 14.5% to 14.0% on 24 July 2026. The CBR’s key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes. This announcement was made on 24 July 2026.
The National Bank of Kazakhstan (NBK) has reduced its base rate to 16.75%, with a corridor of 15.75%–17.75%, following its monetary policy decision on 27 July 2026. The move marks the central bank’s second interest rate cut this year after lowering the rate to 17.00% in June. The latest reduction follows three consecutive decisions to...
Taiwan’s Ministry of Finance has issued a notice on 20 July 2026 reminding foreign taxpayers of their obligation to file a separate income tax return for qualifying house and land transactions, rather than including such income in gross consolidated income under the Income Tax Act. The Beigang Office of the National Taxation Bureau of the...
Argentina’s tax authority (ARCA) announced it has issued General Resolution 5882/2026, which establishes procedures for settling criminal tax liabilities. The resolution was published and entered into force on 28 July 2026. This resolution outlines the procedural requirements for taxpayers seeking to terminate criminal proceedings related to tax evasion in Argentina. Under the Tax Penal Regime,...