Saturday, September 19, 2026
Argentina’s tax authority (ARCA) has published General Resolution 5872/2026 in the Official Gazette of 3 July 2026, which consolidates and updates the mandatory registration process for export contracts involving goods with transparent market prices. These regulations apply to local exporters who must register their international sales agreements electronically before shipping, particularly when dealing with foreign...
Brazil and Canada held the fifth Brazil-Canada Strategic Partnership Dialogue on 14 July 2026. During the meeting, participants discussed collaboration on trade, investment, mining, energy, science and technology, defence, customs, countering organised crime, and sustainable development. The two sides noted that their trade and investment relationship was marked by increases in Canadian direct investment in...
The UK HMRC has published policy papers, draft legislation, and explanatory notes covering two proposed tax measures: the introduction of a new Oil and Gas Revenue Levy to replace the existing Energy Profits Levy, and reforms to the foreign permanent establishment exemption regime. Oil and gas taxation — Oil and Gas Revenue Levy This measure...
A bipartisan group of US lawmakers urged the Trump administration, on 16 July 2026, to clamp down on imports of partially finished solar cells—called “blue wafers”—that manufacturers use to sidestep tariffs and claim federal tax credits they’re not entitled to. The letter, signed by Republicans Mike Bost and Pat Harrigan and Democrats Ro Khanna and...
California introduced a cap on film and television tax credits that threatens to reverse one of the state’s rare recent industrial wins. SB 122, part of the 2025-2026 budget deal, limits annual claims to USD 5 million through 2029. Starting in 2030, the ceiling tightens further: companies can claim either USD 5 million or 70%...
The UAE Federal Tax Authority (FTA) has issued Public Clarification CTP011 on 15 July 2026, clarifying the requirements for transfer pricing adjustments under the Corporate Tax Law. It mandates that all transactions between Related Parties must adhere to the arm’s length standard, requiring a Taxable Person to adjust their Taxable Income if financial records do...
The UAE Federal Tax Authority (FTA) has published an updated Tax Procedures Guide on Private Clarifications (TPGPC1), dated 14 July 2026, setting out the process for taxpayers seeking the authority’s official view on uncertain tax technical matters. The updated guidance explains who can apply for a Private Clarification, the types of issues that qualify, the...
Sri Lanka’s Inland Revenue Department (IRD), on 3 July 2026, outlined sweeping changes to the country’s Value Added Tax (VAT) regime following the certification of the Value Added Tax (Amendment) Act No. 14 of 2026 on 30 June 2026. The amendments introduce VAT on digital services supplied by non-residents, increase the VAT rate on financial...
Germany’s government has unveiled an ambitious 26-point package aimed at strengthening the country’s response to tax evasion, financial crime and illicit financial activity through tougher sanctions, enhanced enforcement powers and greater use of technology. Harsher penalties for tax offences Among the most significant proposals is an increase in the maximum prison sentence for organised tax...
Taiwan’s Ministry of Finance has clarified that taxpayers selling inherited or bequeathed real estate may qualify for a significantly lower property income tax rate by combining the ownership periods of successive deceased owners when calculating the applicable holding period. The clarification, issued on 16 July 2026, aims to ensure heirs are not unfairly subject to...