Thursday, October 29, 2026
Montenegro enacted the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 1 September 2026. The convention will modify covered tax agreements where the required conditions for its application have been met. For covered agreements between Montenegro and treaty partners where the MLI is already in force,...
The Inland Revenue Authority of Singapore (IRAS) has ruled that certain tax deferred distributions received by a Singapore tax-resident company from a foreign property trust will not be subject to Singapore income tax, provided the distributions do not exceed the capital invested in the trust. The ruling was published as Advance Ruling Summary No. 13/2026...
China’s Ministry of Finance and State Taxation Administration released Announcement No. 27 on 1 September 2026, revising how foreign individuals are taxed on dividends and bonuses received from foreign-invested enterprises operating in China. 20% flat tax on dividend distributions Foreign individuals receiving dividends or bonuses from foreign-invested enterprises now face a standard 20% individual income...
China’s Ministry of Finance and State Taxation Administration released Announcement No. 25 of 2026 on 27 August 2026, effective 1 September 2026, establishing definitive guidance on input tax deduction eligibility under the Value-Added Tax Law of the People’s Republic of China and its Implementing Regulations. Transactions eligible for input tax deduction Six categories of non-taxable...
Officials from Guinea and Rwanda met on 4 August 2026 to begin technical discussions on an income tax treaty, according to a recent release from Guinea’s General Directorate of Taxes (DGI). The discussions, hosted by Guinea’s DGI in Conakry, are intended to create a clear and stable tax framework that can facilitate cross-border trade and...
Brazil’s tax authority, the Federal Revenue Service (RFB) has published its 2026 Questions and Answers guide on the Rural Land Tax (ITR), prepared by the General Coordination of Taxation (Cosit) on 1 September 2026. This 2026 technical manual from the Brazilian Federal Revenue Service provides a comprehensive guide to the Rural Territorial Property Tax (ITR)....
The Colombian Tax and Customs Administration Dirección Nacional de Impuestos y Aduanas (DIAN) issued a Resolution No. 012660 on 27 August 2026, extending the suspension of administrative deadlines for tax, customs and foreign exchange proceedings until 11 September 2026, with normal timelines resuming on 14 September 2026. The extension follows a major earthquake that struck...
Angola published Law No. 7/26 in the Official Gazette on 19 August 2026, introducing a new beneficial ownership information reporting regime. The legislation mandates the creation of a Central Register of Beneficial Ownership (CRBE) to enhance financial transparency and prevent financial crimes such as money laundering and terrorist financing. It applies to a broad range...
The Italian Revenue Agency clarified on 1 September 2026 that a business transferee retains full tax exemption even after a restructuring agreement fails due to the transferor’s breach of contract. The ruling, contained in Legal Advice No. 9 of 1 September 2026, resolves an interpretation question that had created uncertainty around transfer protections. The underlying...
Argentina’s tax authority (ARCA) has decided to extend again the deadlines for individuals and undivided estates to file and pay 2025 income tax and make the first 2026 income tax advance payment. The extensions were introduced to facilitate taxpayer compliance with these obligations. The new filing and payment deadline is 22 September 2026. The previous...