Saturday, September 19, 2026
US President Donald Trump has signed a new proclamation on 20 July 2026, adjusting tariffs on aluminium imports to address the gap between US demand and domestic production capacity. The administration cited aluminium as critical to the economy and defence industrial base, noting that current US smelting facilities cannot meet demand. This follows after Trump...
Italian investors holding shares in collective investment funds can now participate in cross-border UCITS (undertakings for collective investment in transferable securities) mergers tax-free. The Italian Revenue Agency confirmed this position on 20 July 2026 in Response no. 149, ruling on a transaction where Irish funds were being absorbed into Luxembourg sub-funds under the same management...
The South African Revenue Service (SARS) has released updated interest rate tables on 20 July 2026. The revised tables set out the applicable interest rates on outstanding taxes, interest rates payable on certain tax refunds, and interest rates payable on credit amounts. Interest rates charged in terms of the legislation administered by SARS are split...
The Irish Department of Finance and Revenue published the report on the public consultation on the proposed electronic withholding tax (eWHT) model on 22 July 2026. The consultation, which ran from 5 December 2025 , invited views from businesses, taxpayers, representative bodies, software providers, tax professionals and other stakeholders on proposals to modernise the operation...
Taiwan’s Northern Region National Taxation Bureau of the Ministry of Finance stated, on 23 July 2026, that, with the rapid growth of social media platforms and online self-media, it has become increasingly common for influencers to receive revenue-sharing income from platforms. On 10 September 2025, the Ministry of Finance issued the “Operational Guidelines for the...
The Polish Council of Ministers approved amendments to the Personal Income Tax Act and Corporate Income Tax Act on 21 July 2026, designed to cut red tape around transfer pricing disclosures and reduce penalties for misfiled payments. The changes flow from the government’s broader deregulation agenda and take effect in stages through 2027. Penalties scrapped...
Poland’s Council of Ministers approved an amendment to the Excise Duty Act on 21 July 2026, closing loopholes in how the government taxes e-cigarettes and vaping equipment. The new rules treat all vaping devices the same way regardless of their design, and they substantially raise excise rates across the board. What’s changing The excise tax...
Poland’s Council of Ministers approved draft amendments to the Goods and Services Tax Act on 21 July 2026. The changes target three pain points: redundant paperwork for importers, manual customs processes, and disagreements with tax authorities over export documentation. Importers skip the VAT certificate step Companies no longer need to submit proof of active VAT...
The Nigeria Revenue Service (NRS) has commenced compliance monitoring for large taxpayers under the National E-Invoicing & Electronic Fiscal System (EFS) regime, reminding in-scope taxpayers of the Public Notice issued on 17 February 2026 regarding the implementation timeline and mandatory adoption of the National E-Invoicing & Electronic Fiscal System (EFS), also known as the Merchant...
Greece’s The Independent Authority for Public Revenue (AADE) has simplified the application process for the alternative taxation regime for foreign-source income for new tax residents investing in Greece under Article 5A of the Income Tax Code (ITC). The changes were introduced through Decision A.1147/2026, issued by AADE Governor George Pitsilis on 20 July 2026. Under...