Saturday, September 19, 2026
The Ministry of Finance has announced the issuance of a Decision on the minimum Excise Price for Tobacco Products and Liquids used in Electronic Smoking Devices and Tools. Under the Decision, the existing minimum Excise Price will continue to apply to Cigarettes, Water Pipe Tobacco, ready-to-use tobacco products, and similar products. It introduces a minimum...
Bulgaria has published the State Social Security Budget Act for 2026 in the Official Gazette, setting new monthly bases for social security contributions following the country’s adoption of the euro. The maximum monthly basis for social security contributions is EUR 2,111.64 from 1 January to 31 July 2026 and rises to EUR 2,300 from 1...
The Inland Revenue Department (IRD) of Sri Lanka has published a revised circular setting out how taxpayers should calculate quarterly income tax instalments following changes to the Inland Revenue Act, No. 24 of 2017. Circular SEC/2026/E/06 was originally issued on 3 August 2026 and revised on 6 August 2026. The changes follow the Inland Revenue...
China has expanded a tax-collection drive targeting undeclared income and capital gains from overseas assets held by ultra-high-net-worth individuals, as fiscal pressures deepen following the prolonged property market downturn, through Announcement No. 21 of 2026 issued by China’s Ministry of Finance and State Administration of Taxation (SAT) on 24 July 2026. The SAT also released...
Indonesia’s Directorate General of Taxes (DGT) has postponed the implementation of marketplace obligations to collect Article 22 Income Tax from domestic traders until 31 October 2026, with the collection requirement now scheduled to take effect on 1 November 2026. The delay follows the government’s decision to support public purchasing power amid economic conditions that remain...
South Africa has introduced a detailed framework for its Double Taxation Agreement (DTA) advance pricing agreement (APA) system through six income tax notices covering applicant eligibility, fees, rejection grounds, processing requirements, preliminary agreement information and operating procedures. The South African Revenue Service (SARS) promulgated Notices 7787 to 7792 in Government Gazette 55152 on 7 August...
The Dutch Tax Authorities have updated their Questions and Answers (Q&A) on the Minimum Tax Act 2024 (MTA 2024), providing revised guidance on the application of the legislation, including the treatment of penalties, tax interest, appeal periods and the top-up tax information declaration. Published on 10 August 2026, the updated Q&A revises the version first...
Singapore’s Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the GST treatment of property transactions, including the treatment of an Option to Purchase (OTP) containing a nominee clause. The IRAS has published the GST: Guide for Property Owners and Property Holding Companies (Eleventh Edition), revising paragraph 7.10 and adding paragraphs 7.11 to...
Germany is to strengthen enforcement against tax and financial crime under a joint action plan presented by Federal Minister of Finance Lars Klingbeil and Federal Minister of Justice Dr Stefanie Hubig on 16 July 2026. The action plan focuses on improving cooperation between financial and investigative authorities, pooling expertise and findings from the federal and...
Oman has amended its Value Added Tax Law Regulations to introduce a two-phase mandatory electronic invoicing regime, with the first group of taxpayers required to comply from 1 April 2027. Two-phase implementation Decision No. 189/2026, issued on 9 August 2026 by the tax authority, sets the rollout according to an annual revenue threshold of OMR...