Saturday, August 29, 2026
Following the US imposition of a 50% tariff on USD 27.6 billion of Canadian goods effective 22 August, Canada has announced retaliatory tariffs on around USD 20 billion worth of annual US imports on 25 August 2025 alongside support measures for affected businesses and workers, matching Washington’s latest duties dollar-for-dollar, effective 8 September 2026. Canada...
The UAE Ministry of Finance has issued Ministerial Decision No. 133 of 2026 setting out the entities required to file the Pillar Two Information Return under Cabinet Decision No. 142 of 2024 on the Imposition of Top-Up Tax on Multinational Enterprises. The Decision forms part of the UAE’s implementation of the Pillar Two requirements and...
Morocco has gazetted Royal Decree No. 1.26.39 on 12 August 2026, promulgating Law No. 53.24 ratifying the income tax treaty with Chad. Signed on 14 August 2024, the treaty aims to establish a cooperative tax framework to prevent double taxation and tax evasion while promoting cross-border investment and trade. It will enter into force after...
Argentina and Vietnam have concluded negotiations on their income tax treaty, according to an update from Argentina’s Undersecretariat of Public Revenue. This agreement seeks to establish a framework for eliminating double taxation on income while preventing tax evasion and avoidance between the two countries. The agreement has been initialled but must still be signed and...
The Botswana Unified Revenue Service (BURS) issued a public notice on 30 July 2026 suspending the implementation of 14% VAT on medical services, which was scheduled to take effect from 1 August 2026. The suspension will allow BURS to consult with private healthcare providers, medical aid schemes and the public amid concerns that the tax...
The Australian Taxation Office (ATO) has issued guidance on 24 August 2026, clarifying the GST obligations of religious institutions. Like other not-for-profit organisations, religious institutions must register for GST if their GST turnover reaches AUD 150,000 or more. If a religious institution is not registered for GST, it should regularly review its current and projected...
The Namibia Revenue Agency (NamRA) has reminded taxpayers, traders, tax professionals and the public of their statutory obligations to retain business records and supporting documents, according to a public notice on 15 July 2026. Under the Income Tax Act, 1981, Value-Added Tax Act, 2000 and Customs and Excise Act, 1998, relevant books, records and supporting...
The Monetary Authority of Singapore (MAS) announced three new measures on 19 August 2026 to enhance Singapore’s competitiveness as a leading asset management hub. The measures include a proposed tax exemption on profit-related returns from fund management services provided to qualifying funds, a new hedge fund investment programme to attract leading managers to Singapore, and...
Finland’s Ministry of Finance has submitted a draft proposal for public consultation, seeking amendments to the Tax Procedure Act and related legislation on 21 August 2026. The changes target three main areas: digitalisation of tax reporting, simplification of administrative processes, and strengthened enforcement mechanisms. The amendments are scheduled to take effect on 1 January 2028,...
China’s State Administration of Taxation has announced that the new income tax treaty between China and Norway entered into force on 16 June 2026. The treaty, signed on 12 May 2023, replaces the tax treaty between the two countries that was concluded in 1986. The treaty applies to Chinese individual income tax and enterprise income...