Saturday, August 29, 2026
UAE’s Federal Tax Authority (FTA) has reported on 21 July 2026, an increase in the number of beneficiaries of the VAT Refund Scheme for UAE Nationals Building New Residences during the first half of 2026. The Authority approved approximately 4,000 refund applications submitted by UAE nationals for VAT incurred during the construction of their new...
Taiwan’s Southern Area National Taxation Bureau of the Ministry of Finance stated that when an individual trades shares, new share entitlement certificates, share payment certificates, or certificates representing rights issued or privately placed by a company that is not listed on a stock exchange or traded at a securities dealer’s business premises, the resulting gains...
Algeria deposited its instrument of ratification for the OECD–Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 Protocol, on 16 July 2026, according to an OECD update on 20 July 2026. This follows Algeria gazetting the decree on 30 November 2025. The Convention will enter into force for...
Thailand’s Cabinet approved in principle a draft Royal Decree under the Revenue Code at its meeting on 21 July 2026, revising tax measures supporting Social Enterprises through amendments to Royal Decree (No. 735) B.E. 2564 (2021). According to Press Release No. PR 17/2026, issued on 21 July 2026, the proposed amendments are designed to strengthen...
US President Donald Trump has signed a new proclamation on 20 July 2026, adjusting tariffs on aluminium imports to address the gap between US demand and domestic production capacity. The administration cited aluminium as critical to the economy and defence industrial base, noting that current US smelting facilities cannot meet demand. This follows after Trump...
Italian investors holding shares in collective investment funds can now participate in cross-border UCITS (undertakings for collective investment in transferable securities) mergers tax-free. The Italian Revenue Agency confirmed this position on 20 July 2026 in Response no. 149, ruling on a transaction where Irish funds were being absorbed into Luxembourg sub-funds under the same management...
The South African Revenue Service (SARS) has released updated interest rate tables on 20 July 2026. The revised tables set out the applicable interest rates on outstanding taxes, interest rates payable on certain tax refunds, and interest rates payable on credit amounts. Interest rates charged in terms of the legislation administered by SARS are split...
The Irish Department of Finance and Revenue published the report on the public consultation on the proposed electronic withholding tax (eWHT) model on 22 July 2026. The consultation, which ran from 5 December 2025 , invited views from businesses, taxpayers, representative bodies, software providers, tax professionals and other stakeholders on proposals to modernise the operation...
Taiwan’s Northern Region National Taxation Bureau of the Ministry of Finance stated, on 23 July 2026, that, with the rapid growth of social media platforms and online self-media, it has become increasingly common for influencers to receive revenue-sharing income from platforms. On 10 September 2025, the Ministry of Finance issued the “Operational Guidelines for the...
The Polish Council of Ministers approved amendments to the Personal Income Tax Act and Corporate Income Tax Act on 21 July 2026, designed to cut red tape around transfer pricing disclosures and reduce penalties for misfiled payments. The changes flow from the government’s broader deregulation agenda and take effect in stages through 2027. Penalties scrapped...