Saturday, September 19, 2026
Germany has amended and renamed its Minimum Tax Report Ordinance, restructuring the regulation and adding a comprehensive list of foreign tax jurisdictions recognised for the purposes of the country’s Minimum Tax Act, according to a notice published in the Federal Law Gazette (Bundesgesetzblatt) Part I, No. 235 issued on 17 August 2026. The Ordinance Amending...
China’s Ministry of Finance, State Taxation Administration, National Development and Reform Commission, and Ministry of Industry and Information Technology issued Announcement No. 23 of 2026 on 31 July 2026, establishing a temporary corporate income tax relief for non-monetary asset exchanges by integrated circuit enterprises and industrial machine tool enterprises. Five-year deferral on exchange income The...
The US Department of the Treasury and the IRS have initiated a public consultation regarding proposed regulations (REG-103844-26) allowing controlled foreign corporations (CFCs) to elect not to compute or recognise foreign currency gain or loss under Internal Revenue Code (IRC) section 987 upon a remittance from a qualified business unit (QBU), except in certain inbound...
Brazil’s Federal Revenue Service (RFB) announced, on 19 August 2026, that companies wishing to join the Simplified National Tax Regime (Simples Nacional) must submit applications in September 2026 rather than January 2027. The change stems from CGSN Resolution No. 186, published in the Official Gazette on 17 April 2026, which reorganises the regime’s implementation in...
The Slovak Republic government has approved a draft bill amending Act No. 507/2023 Coll., which implements the EU Minimum Taxation Directive. The draft bill was approved by Government Resolution No. 320/2026 on 19 August 2026. The bill introduces further adjustments arising from the OECD/G20 Inclusive Framework’s Side-by-Side Package, adopted on 5 January 2026, including related...
The US has delayed the imposition of 50% additional tariffs on certain Canadian goods by three days as the two countries continue negotiations over longstanding trade disputes. The tariffs, originally scheduled to take effect on 19 August 2026, will instead enter into force at 12:01 AM ET on 22 August 2026, under the Presidential Proclamation...
Greece’s Independent Authority for Public Revenue (AADE) has identified tax violations on 12 of 26 tourist vessels inspected in Santorini, representing a 46% violation rate, during a targeted tax inspection operation. The operation, named “I’ll Take You on a Cruise 2026”, used information and analysis generated by an algorithm based on available tax and statistical...
India’s Ministry of Finance (MoF) has revised the Special Additional Excise Duty (SAED) rate on exports of Aviation Turbine Fuel (ATF) to INR 19.5 per litre, effective from 15 August 2026. The change was made through Notification No. 44/2026-Central Excise on 14 August 2026, issued by the Department of Revenue. It further amends Notification No....
Ecuador has introduced new technical regulations for audiovisual investment certificates (AICs), changing how projects apply for, receive and complete the tax incentive. The Ministerial Agreement MPCEI-MPCEI-2026-0039-A was published in the Official Gazette on 12 August 2026 and took effect on the same day. The revised rules transfer administration of the scheme to the Ministry of...
The National Board of Revenue (NBR) has clarified that industrial users can continue to import solar equipment at a 1% import duty under the capital machinery facility, resolving confusion over a statutory regulatory order (SRO). The clarification, issued on 17 August 2026, followed concerns from businesses after customs stations charged 17% import duty on some...