Saturday, September 19, 2026
The Netherlands published the Hybrid Mismatch Policy Decision 2026 (Decree No. 2026-12123), issued by the State Secretary of Finance on 24 July 2026, replacing the previous policy decision that was originally issued in 2021 and subsequently updated in 2022. The 2026 Policy Decree on Hybrid Mismatches provides official guidance from the Dutch State Secretary for...
UK’s His Majesty’s Revenue and Customs (HMRC) has published two reports from the General Anti-Avoidance Rule (GAAR) Advisory Panel concluding that arrangements designed to reduce Inheritance Tax (IHT) through the use of employee benefit trusts (EBTs) were unreasonable and therefore fall within the scope of GAAR. The opinions, published on 22 July 2026, relate to...
The Australian Taxation Office (ATO) has updated its guidance on changing to monthly GST reporting, including new guidance on voluntarily switching GST reporting. It has also revised its guidance on when it may change a business’s GST reporting cycle, including circumstances in which businesses may be moved from quarterly to monthly reporting. Why the ATO...
The Colombian Ministry of Finance submitted a new 2026 Tax Reform Bill to Congress on 20 July 2026, introducing a broad package of tax measures aimed at strengthening public finances. Although the legislation is titled the 2026 Tax Reform Bill, most of its provisions are proposed to take effect from 2027. The bill follows the...
The Dominican Republic’s Directorate General of Internal Revenue (DGII) has published Resolution No. DDG-AR1-2026-00006, setting the inflation adjustment multiplier, exchange rate adjustments and capital asset multipliers for the fiscal year ending 30 June 2026. Under the resolution, the general multiplier for inflation adjustments for the fiscal year ending 30 June 2026 is 1.0567, based on...
The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the Unified Public Services Portal (UPSP) will take effect from 1 August 2026, under amendments introduced by Federal Law No. 425-FZ of 28 November 2025. The changes apply to the delivery of tax notifications for property tax and personal...
Canada’s Department of Finance has released draft legislative proposals for public consultation on 23 July 2026 to implement a range of previously announced tax measures, along with other technical amendments to the country’s tax system. Canada’s government is committed to maintaining a tax system that is fair, effective, and competitive. The proposed changes aim to...
The Italian Revenue Agency announced, on 23 July 2026, that it has introduced new tax codes for paying penalties through the F24 form for voluntary disclosure of violations relating to the Global Minimum Tax’s information and reporting obligations under Legislative Decree No. 209/2023. Resolution No. 27 of 23 July 2026 implements this final piece of...
The Trump administration imposed new tariffs across 60 trading partners—the EU, China, Japan, Canada, and dozens more—alleging they’ve failed to prevent goods made by forced labour from entering their supply chains on 24 July 2026. The move marks the first major tariff action after the US Supreme Court dismantled his previous reciprocal duty scheme in...
South Korea’s National Tax Service (NTS) has introduced a Fast-track procedure for Advance Pricing Agreement (APA) renewals and rolled out a broader package of tax support measures for foreign-invested enterprises (FIEs) aimed at strengthening the country’s investment climate. The initiatives were announced during the NTS’s first joint meeting on 14 May 2026 with representatives of...