Thursday, October 29, 2026
Pakistan’s Federal Board of Revenue (FBR) has amended the income tax return form for tax year 2026 through SRO 1495(I)/2026 issued on 3 September 2026, introducing four new parts before the statutory filing deadline. The notification amends the Income Tax Rules, 2002 and adds Parts II-ZE, II-ZF, II-ZG and II-ZH to the Second Schedule after...
Hong Kong’s Inland Revenue Department has responded to an Ombudsman investigation released on 31 August 2026 regarding unsuccessful delivery of electronic tax returns. The report examined technical glitches that prevented members of the public from completing their tax filings through the eTAX platform during the previous year. The IRD acknowledged the Ombudsman’s findings and accepted...
Portugal’s Secretary of State for Fiscal Affairs has extended the deadline for entities subject to the Global Minimum Tax Regime to file the Modelo 62 Registration Declaration for the 2025 tax year. The three-month extension was announced under Order No. 114/2026-XXV on 1 September 2026. Eligible entities can now submit the Modelo 62 by the...
Chile’s tax administration, the Servicio de Impuestos Internos (SII), has clarified the Chilean tax consequences of a proposed restructuring involving a Panamanian foundation and its underlying foreign investments. In Ruling No. 2191 of 2026, the SII examined whether the reorganisation would trigger offshore indirect transfer (OIT) taxation, create a taxable increase in wealth for the...
Iceland’s Ministry of Finance and Economic Affairs issued a legislative proposal on 2 September 2026 to amend the existing law on the vehicle kilometre tax (Law no. 100/2025), which has been in effect since 1 January 2026. A public consultation has been initiated regarding the proposal, which ends on 16 September 2026. The original tax...
The US Internal Revenue Service (IRS) has issued guidance during National Preparedness Month encouraging taxpayers to protect essential tax and financial records before emergencies occur on 3 September 2026. According to Frank J. Bisignano, IRS Chief Executive Officer, taking precautionary steps now significantly reduces recovery time after disasters strike. Floods, wildfires, hurricanes, tornadoes, and severe...
New Zealand’s Inland Revenue has opened a consultation on 2 September 2026 on Exposure Draft No. PUB00266, which proposes replacing Interpretation Guideline No. IG0007 on the income taxation of payments to nonresident software suppliers. The draft updates 2003 guidance on the income tax treatment of payments to non-resident software providers, reflecting modern digital transactions, including...
The Italian Revenue Agency announced the issuance of Response no. 169 on 3 September 2026, in which it ruled that companies operating within the Single Economic Zone (ZES Unica) can claim the regional tax credit for equipment leased in 2026 even when the contract was signed and the asset delivered before submitting the mandatory advance...
The Taipei National Taxation Bureau of the Ministry of Finance issued a guidance on 4 September 2026 clarifying how businesses must handle invoicing when late-completion penalties offset outstanding project balances. The ruling clarifies that operators cannot reduce invoice amounts based on penalty deductions. Invoices must reflect the full contract amount Under Article 16 of the...
The Ghanaian President has signed 10 legislative bills into law, including several measures relating to taxation on 26 August 2026. The key legislative acts are summarised below: Excise Act, 2026: This Act consolidates excise duty regulations and incentivises local manufacturing. The Act consolidates all excise duty requirements into a unified framework, replacing scattered regulations. Local...