Saturday, September 19, 2026
Argentina’s Customs and Revenue Collection Agency (ARCA) has updated the automatic exchange of financial information regime, known as the Common Reporting Standard (CRS), through General Resolution 5887/2026. The amendment clarifies the scope of entities and accounts that are exempt from the reporting obligation, with the stated aim of avoiding interpretations that could jeopardise compliance with...
The UK HM Revenue & Customs (HMRC) has announced that more than 436,000 sole traders and landlords have successfully sent their first Making Tax Digital (MTD) for Income Tax quarterly update for the 2026 to 2027 tax year, with over 570,000 customers now signed up to the service, according to a press release published on...
The Chilean tax authority (SII) announced it published Letter Ruling No. 1982 on 10 August 2026, addressing the use of stablecoins as consideration for cross-border services. Letter Ruling No. 1982 establishes the tax treatment for transactions carried out using stablecoins (SBL). The ruling confirms that stablecoins are not considered legal currency under Chilean law, even...
The Netherlands published Decree No. 2026-262956 of 6 August 2026, issued by the State Secretary for Finance, setting out tax-neutral restructuring relief for qualifying legal mergers. The decree outlines the updated 2026 regulatory framework for legal mergers under the Corporate Income Tax Act 1969. It serves as a comprehensive guide for how companies can merge...
Bolivia’s tax authority (SIN) announced on 17 August 2026 that it has streamlined taxpayer requirements under the “Zero Block” Program, rolling out regulatory changes through Resolution 102600000031 issued on 13 August 2026. The reforms respond to Supreme Decree 5595, which mandates the removal of unnecessary bureaucratic barriers and the modernisation of tax administration. The resolution...
Egypt is preparing to introduce an optional Tax Sukuk that taxpayers can subscribe to and later use to settle future tax liabilities, as the government seeks to raise domestic liquidity and encourage tax compliance. The Egypt Tax Authority (ETA) said both individuals and legal persons will be able to subscribe to the instruments and receive...
The US Internal Revenue Service (IRS) has issued Notice 2026-50, expanding and extending the safe harbour previously established under Notice 2026-1. This administrative notice establishes an updated safe harbour for taxpayers claiming the Section 45Q tax credit for carbon oxide sequestration. It specifically addresses challenges created by the EPA’s proposal to eliminate certain greenhouse gas...
The Nigerian State House has announced that President Bola Ahmed Tinubu approved a new deep offshore investment framework on 11 August 2026. The reform seeks to attract up to USD 50 billion in new investment into Nigeria’s oil and gas sector by replacing project-by-project negotiations with standardised rules, while also promoting local employment and industrial...
Bahrain’s National Bureau for Revenue (NBR) has published Version 1.0 of its DMTT Return Filing Manual, setting out procedures for filing, payment and refunds under the 15% Domestic Minimum Top-up Tax (DMTT). The regime applies from 1 January 2025 to qualifying large MNE Groups operating in Bahrain. DMTT scope and legislation The DMTT applies where...
The Maryland Tax Court ruled, on 14 August 2026, that the state’s Digital Advertising Gross Revenues Tax violates the federal Internet Tax Freedom Act and the dormant Commerce Clause by applying progressive rates based on global revenues while exempting non-digital advertising, and unconstitutionally targets content through news media exemptions. The Maryland Tax Court issued three...