Saturday, September 19, 2026
Ethiopia and Kenya have agreed to speed up negotiations on a bilateral income tax treaty following a meeting between officials in Nairobi on 23 July 2026. According to an update published the same day by the Kenyan Principal Secretary of the State Department for Foreign Affairs, both countries expressed their commitment to expedite the conclusion...
Bahrain’s National Bureau for Revenue (NBR) has released Version 1.10 of its VAT Registration Guide on 22 July 2026, updating the processing timelines for VAT registration and amendment applications. Under the revised guidance, the NBR will review and process change or amendment applications within five working days from the date of submission. The guide also...
The Ecuadorian Internal Revenue Service (SRI) has issued Resolution No.NAC-DGERCGC26-00000026, establishing the mechanism for the declaration and payment of advance payments on undistributed profits by resident companies and permanent establishments of non-resident companies. The resolution, signed on 14 July 2026, implements procedures for a tax obligation introduced under the Organic Law on Social Transparency, which...
The Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the targeted taxpayers in the Twenty-Fifth Wave for implementing the “Integration Phase ” of E-invoicing, as it clarified that the Twenty-Fifth Wave included all taxpayers whose revenues subject to VAT exceeded (SAR 187,500) during 2022, 2023,2024 or 2025. Moreover, ZATCA explained that it...
The Belgian Ministry of Finance has published Circular 2026/C/74 on 22 July 2026. Circular 2026/C/74 outlines the Belgian tax framework for financial capital gains following legislation enacted on 6 April 2026. Circular 2026/C/74 provides comprehensive guidance on the new capital gains tax on financial assets specifically for personal income tax purposes, leaving the rules for...
Argentina’s tax authority (ARCA) has announced that it has streamlined VAT credit recovery for mining exploration companies through General Resolution No. 5879/2026, published in the Official Gazette on 23 July 2026. The new procedure consolidates fragmented rules and shifts VAT credit returns into the Comprehensive Recovery System (SIR), superseding the previous framework under General Resolution...
Ghana and Morocco signed an Agreement on Mutual Administrative Assistance in Customs Matters on 21 July 2026 during the Second Permanent Joint Commission for Cooperation (PJCC), according to a statement issued by Ghana’s Ministry of Foreign Affairs on 24 July 2026. Ghana and Morocco signed 10 bilateral agreements and memoranda of understanding covering areas including...
The Kenya Revenue Authority (KRA) has published the Value Added Tax (Amendment of Rate of Tax) Order 2026 on 14 July 2026, in which it extended the temporary VAT reduction from 16% to 8% on premium gasoline (motor spirit), illuminating kerosene, and gas oil (diesel) for another 90 days. Under the Value Added Tax (Amendment...
The Italian tax authority has issued three new tax codes through Resolution No. 28 on 23 July 2026 to streamline payment of taxes, interest, and penalties following recovery actions. The codes enable taxpayers to remit these amounts via the F24 and F24 ELIDE payment forms. VAT and entertainment tax Two separate codes now apply to...
The Netherlands Ministry of Finance has published a policy rule on 13 July 2026 outlining new administrative fine policies regarding the registration of ultimate beneficial owners (UBOs) for trusts and similar legal arrangements. Effective from 1 June 2026, the regulation empowers the Ministry of Finance to penalise trustees who fail to provide accurate or timely...