Saturday, September 19, 2026
Switzerland’s Federal Council has adopted a dispatch proposing a temporary increase in Value Added Tax (VAT) to strengthen the country’s security and defence capabilities. At its meeting on 12 August 2026, the Federal Council proposed increasing the standard VAT rate by 0.5 percentage points for 12 years from 2028. The special rate would rise by...
The US Department of the Treasury and the IRS have issued final regulations (TD 10053) adopting, without changes, the proposed regulations (REG-112829-25) published on 9 January 2026. The regulations align the backup withholding rules for third-party network transactions with the reporting thresholds introduced by the One Big, Beautiful Bill Act (OBBBA). The regulations went into...
South Africa’s Customs and Excise Act allows certificates of origin to be issued retrospectively for eligible shipments under specified circumstances, according to a clarification issued on 13 August 2026. Rule 46A6.13 (e) of the Customs and Excise Act No.91 of 1964, as amended, provides for a certificate of origin to be issued retrospectively within one...
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance said rental income earned by business operators from leasing housing for social housing purposes may be exempt from business tax if the property meets the requirements of the Housing Act. The exemption applies when a property owner leases housing to a competent authority or...
Montenegro’s government has published Rulebook No. 10/1-1-01-040/26-2637/4 in the Official Gazette on 7 August 2026, clarifying the automatic exchange of information (AEOI) with EU member states and the European Commission (EC) on previous transfer pricing agreements and tax rulings with cross-border implications. The enactment of the “Rulebook on the closer method of reporting on advance...
The US Court of International Trade issued a ruling on 13 August 2025 that sided with the Trump administration’s decision to eliminate the “de minimis” tariff exemption for small-value imports below USD 800. The three-judge panel found that the International Emergency Economic Powers Act (IEEPA) provided the president with sufficient authority to rescind this long-standing...
Ukraine’s State Tax Service published Information Letter No. 3/2026 on 11 August 2026, setting out the tax incentives available to residents of the Defence City regime for enterprises in the defence-industrial complex (DIC). The regime was introduced by Law of Ukraine dated 21 August 2025 No. 4577-IX “On Amendments to the Tax Code of Ukraine...
Uruguay’s General Tax Directorate (DGI) has amended certain Personal Income Tax (IRPF) deadlines for withholding agents and taxpayers receiving income from real estate leases, capital gains and foreign movable capital income through DGI Resolution No. 1783/026, which was published in the Official Gazette on 6 August 2026. The measure adjusts existing deadline rules to incorporate...
Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers that Value Added Tax (VAT) for July 2026 must be paid by 20 August, with the corresponding VAT return due online by 31 August. The monthly filing applies under tax type code 70, with July 2026 identified by return period code 2631 and period code 26310....
Taiwan’s National Taxation Bureau of the Central Area has clarified how non-profit educational, cultural, public welfare and charitable institutions must report and pay business tax when they sell goods or services, following an enquiry from an unregistered cultural organisation planning a ticketed performance event. Business tax applies despite non-profit status Educational, cultural, public welfare and...