Saturday, August 29, 2026
Ghana and Morocco signed an Agreement on Mutual Administrative Assistance in Customs Matters on 21 July 2026 during the Second Permanent Joint Commission for Cooperation (PJCC), according to a statement issued by Ghana’s Ministry of Foreign Affairs on 24 July 2026. Ghana and Morocco signed 10 bilateral agreements and memoranda of understanding covering areas including...
The Kenya Revenue Authority (KRA) has published the Value Added Tax (Amendment of Rate of Tax) Order 2026 on 14 July 2026, in which it extended the temporary VAT reduction from 16% to 8% on premium gasoline (motor spirit), illuminating kerosene, and gas oil (diesel) for another 90 days. Under the Value Added Tax (Amendment...
The Italian tax authority has issued three new tax codes through Resolution No. 28 on 23 July 2026 to streamline payment of taxes, interest, and penalties following recovery actions. The codes enable taxpayers to remit these amounts via the F24 and F24 ELIDE payment forms. VAT and entertainment tax Two separate codes now apply to...
The Netherlands Ministry of Finance has published a policy rule on 13 July 2026 outlining new administrative fine policies regarding the registration of ultimate beneficial owners (UBOs) for trusts and similar legal arrangements. Effective from 1 June 2026, the regulation empowers the Ministry of Finance to penalise trustees who fail to provide accurate or timely...
Romania’s National Agency for Fiscal Administration (ANAF) has published two draft orders for public consultation, which update the registration and deregistration forms, along with the related instructions, for the national electronic invoicing system (RO eFactura), including Form 081 and Form 082. The proposed revisions reflect amendments introduced by Law No. 88 of 29 May 2026....
Poland’s Sejm (lower house of the parliament) has enacted the draft law of 17 July 2026, which introduces a comprehensive set of amendments to the Polish VAT Act (the Act of 11 March 2004), encompassing the new VAT warehousing regime, compliance simplifications, anti-abuse measures, and alignment with CJEU case law. The key changes introduced by...
The OECD has released the latest peer review results on preferential tax regimes under BEPS Action 5, incorporating new conclusions on 13 tax regimes reviewed during the Forum on Harmful Tax Practices (FHTP) meeting held in May 2026. The latest peer review results on preferential tax regimes highlight jurisdictions’ continued efforts to address harmful tax...
The US and Mexico will meet for a fourth negotiating round in early September 2026 to work through disagreements on revamping the 26-year-old North American trade agreement (USMCA). US Trade Representative (USTR) Jamieson Greer held talks this week with Mexican President Claudia Sheinbaum and Economy Minister Marcelo Ebrard, focusing on vehicles, steel, aluminium, labour standards,...
Belgium’s Council of Ministers approved a preliminary draft law amending the Value Added Tax Code on 18 July 2026, requiring companies to report invoice data electronically in near real time to tax authorities starting in 2028. The measure extends an existing e-invoicing mandate for domestic B2B transactions that took effect on 1 January 2026, moving...
Canada’s Prime Minister Mark Carney told provincial premiers on 23 July 2026 that Canada would retaliate against new US tariffs if negotiations fail. The announcement came days after US President Donald Trump imposed 50% duties on Canadian products, set to take effect on 19 August 2026. Carney ruled out nothing in his response, saying at...