Saturday, August 08, 2026
The Australian Treasury has launched a public consultation on the Capital Gains Tax and Negative Gearing – Tranche 2 legislation on 4 August 2026. Comments on the consultation are due by 21 August 2026. In the 2026–27 Budget, the government announced reforms to negative gearing and capital gains tax (CGT). The reforms aim to make...
The UAE Federal Tax Authority (FTA), in a notice on 3 August 2026, has reminded taxable persons eligible for small business relief that they must submit simplified corporate tax returns within prescribed legal deadlines. FTA has emphasised that taxable persons eligible for small business Relief must continue to fulfil their obligations under the Corporate Tax...
A coalition of 25 Democratic-led US states has challenged the Trump administration in court, alleging that the President’s latest tariffs on imports from 60 trading partners, like many of his previous sweeping tariff measures, exceed the legal authority granted to the executive branch to impose import taxes. The 25 Democratic-led states are Arizona, California, Colorado,...
South Africa’s National Treasury and the South African Revenue Service (SARS) have launched a public consultation on the 2026 draft Taxation Laws Amendment Bill (2026 draft TLAB) and the 2026 draft Tax Administration Laws Amendment Bill (2026 draft TALAB), inviting written comments until the close of business on 28 August 2026. Published on 30 July...
Canada’s Minister of Finance and National Revenue announced a provisional safeguard measure, in the form of a 25% surtax, on imports of certain wood cabinets and vanities, on 31 July 2026, while the Canadian International Trade Tribunal safeguard inquiry is ongoing. This provisional safeguard measure is intended to address the immediate challenges facing Canadian manufacturers,...
The Trump administration is expected to announce a 15% tariff and introduce minimum import prices on polysilicon and related solar products, including wafers, cells, and solar panels, following a national security investigation conducted under Section 232 of the Trade Expansion Act of 1962. The proposed measures are designed to protect US manufacturers from increasing competition...
The US Internal Revenue Service (IRS) and Security Summit partners issued a notice on 4 August 2026 warning tax professionals to watch for phishing emails and other schemes designed to steal sensitive taxpayer data. This is the second in the five-part Protect Your Clients; Protect Yourself summer series, organised annually by the Security Summit, which...
Poland’s Ministry of Digital Affairs has published a draft bill introducing a Compensatory Tax on Certain Services, effectively establishing a Digital Services Tax (DST) on 31 July 2026. The tax applies to online targeted advertising, the operation of multi-sided digital interfaces, and the sale of user data generated through internet activity. This tax is scheduled...
The Australian Taxation Office (ATO) has issued a final reminder that businesses and government entities making payments to contractors must lodge their Taxable Payments Annual Report (TPAR) on 3 August 2026. The ATO has also announced that it no longer accepts paper TPAR lodgments. All reports must now be submitted electronically through Online services for...
The Australian Taxation Office (ATO) has updated its guidance on Lodging, Paying and Other Obligations for Pillar Two on 4 August 2026. The revised guidance introduces new sections covering the lodgment of the GloBE Information Return (GIR), deregistered entities, and credit transfer and refund requests, while also expanding the guidance on GloBE joint ventures. How...