Saturday, August 08, 2026
The OECD has released its Tax Co-operation for Development 2025 progress report, stating that assisting developing countries with adapting to the Global Minimum Tax (GMT) was a major priority during 2025 and will continue to be a focus in 2026. As part of this work, the OECD delivered updated economic impact assessments to all developing...
Hong Kong’s government has welcomed the Legislative Council’s passage of the Stamp Duty (Amendment) (No. 2) Bill 2026 on 8 July 2026 to provide for the arrangement for the calculation and payment of stamp duty arising from transactions of dual-counter stocks conducted at the Renminbi (RMB) counter in RMB. The Stamp Duty (Amendment) (No. 2)...
The US Internal Revenue Service (IRS) and Security Summit partners launched the summer “Protect Your Clients; Protect Yourself” campaign on 7 July 2026, which is a five-week series highlighting practical steps tax professionals can take to protect client data, their businesses, and themselves from evolving tax-related identity theft threats. Now in its 11th year, the...
The OECD published an updated list of signatories, including their signing dates, to the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA) on 3 July 2026. The agreement facilitates the automatic exchange of GloBE Information Returns between tax authorities and reduces compliance costs for multinational enterprise groups...
Brazil’s Federal Revenue Service (RFB) has announced on 7 July 2026 that its CNPJ Mainframe environment will be unavailable on 25 July 2026, from 7:00 am to 7:00 pm, to facilitate the implementation of the new alphanumeric CNPJ (Brazilian National Registry of Legal Entities) format. During the scheduled maintenance window, the Mainframe database will be...
Brazil’s Federal Revenue Service (RFB) announced he publication of a guidance on 8 July 2026, detailing the additional Corporate Social Contribution on Net Profit (CSLL) to enforce a 15% minimum tax rate on multinational companies. The CSLL Surcharge aligns with the OECD’s Global Rules against Base Erosion (GloBE Rules) and specifically implements the Qualified Domestic...
Vietnam has published Decree No. 255/2026/ND-CP, issued on 30 June 2026, introducing a new framework for tax administration of enterprises engaged in related-party transactions. The Decree sets out the principles, methods and compliance requirements for determining transaction prices and costs for corporate income tax (CIT) purposes, while replacing Decree No. 132/2020/NĐ-CP. The Decree applies to...
The European Commission issued reasoned opinions to Belgium, Bulgaria, and Cyprus for failing to fully transpose Directive (EU) 2025/872 (DAC9), which establishes rules for the filing and exchange of GloBE Information Returns (top-up tax information returns) as part of its infringement package published on 7 July 2026. Commission calls on Belgium, Bulgaria and Cyprus to...
The Uruguayan Senate approved the income tax treaty with Qatar on 7 July 2026. The treaty applies to Qatari income tax and corporate tax. On the Uruguayan side, it covers income tax on economic activities, personal income tax, non-resident income tax, and social security assistance tax. The agreement sets Withholding Tax rates at 5% on...
Austria’s National Council approved the protocol to the 2000 income and capital tax treaty with Uzbekistan on 7 July 2026. The protocol updates the treaty preamble to align with BEPS standards, revises the dual-resident rule for non-individuals, and updates the definition of dividends under Article 10. It also replaces Article 26 (Exchange of Information) to...