Saturday, August 29, 2026
Lithuania is proposing a 200% tax deduction for companies investing in certain advanced technologies under draft amendments to the Law on Corporate Profit Tax published on 25 August 2026. The proposal would allow entities implementing investment projects to reduce taxable profit by twice the amount spent on qualifying long-term assets listed in a new Annex...
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has issued a new guide outlining the tax and customs treatment for businesses operating in the country’s four Special Economic Zones (SEZs), along with the compliance requirements applicable to licensed entities. Four special economic zones Saudi Arabia currently has four SEZs: King Abdullah Economic City (KAEC) SEZ,...
The Northern Region National Taxation Bureau of the Ministry of Finance announced on 25 August 2026 that profit-making enterprises using the calendar year as their accounting year must file provisional income tax returns for the 2026 fiscal year between 1 and 30 September 2026. Similarly, the Taipei National Taxation Bureau of the Ministry of Finance...
The US Internal Revenue Service (IRS), in a release on 24 August 2026, has reminded information return filers who currently use the Filing Information Returns Electronically (FIRE) system to prepare now for the system’s retirement and transition to the Information Returns Intake System (IRIS) before the 2027 filing season. After the November maintenance window, filers...
The Croatian Ministry of Finance has issued draft legislation proposing amendments to the VAT Act to partially implement Council Directive (EU) 2025/516, known as VAT in the Digital Age (ViDA), and align Croatia’s VAT framework with EU requirements. The proposal seeks to modernise VAT rules to reflect the needs of the digital economy. The draft...
The Social Security Commission (SSC) of Namibia released a public notice on 7 August 2026 that outlines a progressive plan to increase the contribution ceiling for the Maternity Leave, Sick Leave, and Death Benefit Fund (MSD). While the contribution ceiling increase was originally scheduled to take effect on 1 March 2026, its implementation was deferred...
The US Treasury and the IRS have proposed regulations (REG-115646-25) establishing rules for allocating a controlled foreign corporation’s (CFC) subpart F income, tested income, and tested loss among US shareholders based on their respective periods of stock ownership during the CFC’s taxable year. The proposed IRS regulations follow the One, Big, Beautiful Bill Act (OBBBA),...
Argentina’s tax authority (ARCA) announced, on 25 August 2026, that it has extended the deadline for filing income tax returns for individuals and undivided estates until 22 September 2026. This extension was implemented through General Resolution 5890/2026, published in the Official Gazette. The agency has thus granted taxpayers four additional weeks to complete the procedures...
The OECD published responses to its 1 June 2026 invitation for comments on a public consultation document proposing potential revisions to Chapter VII of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations concerning the transfer pricing of intragroup services on 24 August 2026. The consultation received over 100 public comments from businesses,...
The US Internal Revenue Service (IRS) has released Issue No. 2026-08, urging eligible foreign filers to register for a Foreign Filer Transmitter Control Code (TCC) ahead of the 2027 filing season on 19 August 2026. The registration provides credentials for electronically filing Forms 1042-S, applicable Forms 1099, and other information returns through the International Data...