Saturday, September 19, 2026
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the application of Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This Memorandum of Understanding outlines the specific procedures for resolving tax disputes between Australia and Canada...
Taiwan’s Ministry of Finance on 6 August 2026 issued an interpretative order clarifying the withholding tax requirements for interest income paid through peer-to-peer (P2P) lending platform operators. Under the order, when a business operating a P2P lending platform provides loan-matching services between lenders and borrowers and manages the transfer of loan funds, it must withhold...
Qatar’s tax authority, the General Tax Authority (GTA), announced on 6 August 2026 that the taxpayer compliance rate for filing tax returns for the 2025 tax year reached 90%, representing an increase of 13.9% compared with the 2024 tax year. This reflects the continued improvement in the efficiency of the tax system. The increase in...
Brazil’s tax authority, the Federal Revenue Service (RFB), announced that it enacted Law No. 15,270 of 26 November 2025 on 6 August 2026, which introduced significant changes to income taxation, including the withholding of Income Tax at Source (IRRF) on profits and dividends distributed by legal entities to individuals. The new rule applies to income...
Colombia has published Decree No. 0898 of 29 July 2026, establishing the deemed minimum annual interest rate for loans between companies and their partners or shareholders for the 2026 tax year, while also updating the inflationary components used in several tax calculations for the 2025 tax year. Issued by the Ministry of Finance and Public...
France’s tax administration has published updated administrative guidance confirming the reference interest rates used to determine the tax deductibility of interest paid on advances granted by partners or shareholders beyond their capital contributions for accounting periods ending between 30 June and 29 September 2026. The guidance, published on 5 August 2026 under legal identifier BOI-BIC-CHG-50-50-30,...
Italy has lowered the excise tax on diesel fuel to EUR 532.90 per thousand litres for 17 days, effective 7 August 2026, under Law decree No. 139/2026, which was published in the Official Journal No. 180 of 5 August 2026. The cut applies to gas oils and diesel used as road transport fuel, plus synthetic...
India’s Lok Sabha passed the Taxation and Other Laws (Amendment) Bill (Bill No. 150 of 2026) 2026 on 6 August 2026, after it was introduced in Parliament on 4 August. The Bill proposes a series of amendments to the Income-tax Act, 2025, the Payment and Settlement Systems Act, 2007, and the Finance Act, 2026 to...
Panama’s Ministry of Economy and Finance (MEF) disclosed on 5 August 2026 that criminal fraud schemes operated within its General Directorate of Revenue (DGI) for years, systematically circumventing institutional controls. Minister Felipe Chapman confirmed that criminal prosecution will proceed against those responsible and that the government maintains zero tolerance, with no room for negotiation or...
The Italian Revenue Agency has announced the release of Circular No. 6/E of 6 August 2026, providing the first comprehensive guidance on collaborative compliance after sweeping reforms introduced by Legislative Decree No. 221 of 30 December 2023. The overhaul transforms a tool once reserved for multinational giants into a centrepiece of Italy’s tax administration strategy....