Saturday, August 29, 2026
Mauritius’ Cabinet approved regulations to bring into force the 2024 Protocol amending the India, Mauritius Double Taxation Avoidance Agreement (DTAA). The amending protocol updates the treaty preamble to emphasise the elimination of double taxation without creating opportunities for tax evasion and introduces a principal purpose test to prevent treaty abuse. The protocol will enter into...
Chile’s tax authority (SII), the Ministry of Finance and the General Treasury, announced on 20 July 2026 that they have added 20 municipalities to a forgiveness programme for storm-affected taxpayers, expanding relief to cover individuals and businesses across nine regions hit by recent weather events. This follows Chile’s tax authorities granting automatic tax relief to...
The Irish lower house of Parliament approved the income tax treaty with Liechtenstein on 15 July 2026. Signed on 30 October 2024, the agreement regulates the elimination of double taxation in cross-border situations. It is based on the international OECD standard and takes into account the requirements of the OECD/G20 BEPS project (Base Erosion and...
Malta has published Legal Notice 195 on 14 July 2026, setting out the Individual Tax Programme Rules, 2026, which establish a new framework for granting special tax status to eligible individuals from 1 January 2027. The rules introduce four categories of special tax status: Global Resident Status, EU, EEA, Swiss Resident Status, Retired Pensioner Status,...
The Inland Revenue Authority of Singapore (IRAS) updated its guidance on the Current Areas of GST Audits, introducing clearer content, improved readability and new sections explaining the actions taxpayers should take and the consequences of errors or involvement in each audit area. The revised guidance continues to focus on four key areas: Missing Trader Fraud...
The UK government has announced today, 21 July 2026, that VAT on domestic electricity bills will be reduced from 5% to 0% from 1 October 2026, providing support to households ahead of the next Ofgem price cap as part of a package of cost-of-living measures introduced by Prime Minister Andy Burnham. The measure will apply...
The South African Revenue Service (SARS) has published a dedicated webpage on the implementation of its Advance Pricing Agreement (APA) programme, outlining the objectives, benefits and planned pilot phase as the authority prepares to launch the initiative in 2026. The APA programme is designed to provide upfront tax certainty for qualifying cross-border related-party transactions by...
The Italian Revenue Agency has published a new FAQ on the Pillar Two Global Minimum Tax (GMT) on 17 July 2026, expanding on the guidance first issued on 29 May 2026. While the original FAQs covered topics such as reporting obligations, safe harbour application, and currency standardisation, the latest FAQ clarifies the penalties for failing...
Indonesia’s parliament unanimously approved legislation that will let the government establish international financial centres (IFCs) across the country on Tuesday, 21 July 2026. The law aims to pull in foreign capital and support the government’s goal of hitting 8% annual economic growth by 2029. Southeast Asia’s biggest economy has struggled to develop its financial sector...
The Luxembourg parliament is considering a draft law submitted on 17 July 2026 that would amend the Law of 22 December 2023 on the minimum effective taxation of multinational enterprise groups and large national groups. The amendments would implement the OECD/G20 Inclusive Framework’s Pillar Two Side-by-Side package agreed in January 2026 and update Luxembourg’s rules...