Saturday, September 19, 2026
The Kaohsiung National Taxation Bureau, Ministry of Finance, has reminded businesses handling gifted equity in unlisted companies that a certificate issued by the tax collection authority must be obtained before the ownership transfer registration can be completed. The bureau said many small and medium-sized family businesses transfer equity to the next generation without consideration to...
Panama’s General Revenue Directorate has formally adopted a list of 108 participating jurisdictions for the automatic exchange of financial information under the Common Reporting Standard (CRS). Resolution No. 201-5324 was issued on 15 July 2026, and published in Official Digital Gazette No. 30,587 on Tuesday, 11 August 2026. The Resolution was issued under Executive Decree...
Taiwan’s Kaohsiung National Taxation Bureau has clarified today, 20 August 2026, that businesses which have already declared an input tax deduction against output tax for goods or services acquired for their main or ancillary operations must still declare any subsequent purchase returns or allowances in the period in which they occur, even if the business...
Panama’s Cabinet Council announced, on 19 August 2026, that it approved sending Bill 30-26 to the National Assembly for consideration. This bill amends and supplements provisions of the Tax Code related to the taxation of certain digital economy transactions and establishes other provisions. The bill aims to update the Transfer Tax on Tangible Personal Property...
The US Internal Revenue Service (IRS) and Security Summit partners reminded tax professionals, on 18 August 2026, to protect client data with a Written Information Security Plan. Federal law requires tax and accounting professionals to create and maintain a Written Information Security Plan to help protect client information from identity thieves and data breaches. The...
Officials from Grenada and Qatar met on 18 August 2026 to discuss bilateral relations, including negotiations toward the eventual signing of a double taxation agreement (DTA) as part of broader efforts to strengthen bilateral economic and investment ties, according to a release from the Qatar News Agency. Grenadian Prime Minister Dickon Mitchell said the agreement,...
The Netherlands has published Decree No. 2026-262957 of 6 August 2026 (demergers) from the State Secretary for Finance on pure demergers on 18 August 2026. The Decree No. 2026-262957 of 6 August 2026 outlines the Dutch tax policy regarding pure split-ups (corporate divisions) under the Corporate Income Tax Act 1969. This decree details the updated...
Brazil’s Federal Revenue, the Management Committee of the Goods and Services Tax (CGIBS) and the Federal Accounting Council (CFC) have agreed on measures to implement the National Tax Compliance Plan (PNCT), including requirements for tax documents and the role of accounting professionals during the transition to the new consumption tax system. The agreement was discussed...
Taiwan’s Kaohsiung National Taxation Bureau, Ministry of Finance, has reminded businesses that the 2026 provisional corporate income tax filing period will begin on 1 September 2026. Businesses using the “standard provisional payment” method do not need to include the separately calculated Land and Buildings Consolidated Tax from the previous year when calculating their provisional tax...
Germany’s Federal Fiscal Court (BFH) has confirmed the constitutionality of statutory minimum taxation rules while finding that tax authorities must reconsider a request for equitable relief where restrictions on loss carryforwards create a permanent tax burden that was not intended by the legislature. The First Senate issued its judgment on 15 April 2026, in case...