Saturday, August 08, 2026
Colombia’s National Tax and Customs Directorate (DIAN) has introduced a new validation mechanism for its Electronic Invoicing System from 28 July 2026, adding additional identity verification requirements for users accessing documents through the “Search Document” option. The measure, announced by DIAN on 23 July 2026, is intended to strengthen the security of taxpayers’ information and...
The Brazilian Federal Revenue Service (RFB) and the CGIBS have announced on 31 July 2026 that the approval of Joint Act RFB/CGIBS No. 4 of 30 July 2026, in accordance with Article 112 of Decree No. 12,955/2026 (CBS Regulation) and CGIBS Resolution No. 6/2026 (IBS Regulation). The Joint Act sets out the schedule for the...
Brazil’s Federal Revenue Service (Receita Federal) and the IBS Management Committee (CGIBS) will suspend the mandatory requirement to complete fields relating to the Contribution on Goods and Services (CBS) and the Tax on Goods and Services (IBS) in a range of electronic fiscal documents, as part of adjustments linked to the country’s Consumption Tax Reform....
The European Commission has adopted an Implementing Regulation extending the suspension of EU rebalancing measures on US exports to the European Union on 31 July 2026. The decision means that the rebalancing measures, adopted last summer in the context of the risk of very high US tariffs on EU exports, will remain suspended without an...
The Lebanese Ministry of Finance issued new rules governing the exceptional tax on profits from US dollar purchases made through the former Sayrafa platform, increasing the eligibility threshold while detailing how taxpayers, banks and the tax administration must comply with the measure. The new rules, issued by the Ministry of Finance under Decision No. 616/1,...
Lebanon’s Ministry of Finance (MoF) has issued Decision No. 642/1 on 10 July 2026, granting reductions in tax penalties for eligible tax assessments issued from 16 November 2022, the publication date of the 2022 Budget Law. The measure, issued under Article 22 of Law No. 10 (Budget Law 2022), applies regardless of when the underlying...
Malaysia’s Inland Revenue Board (IRBM) has published the Malaysia Transfer Pricing Guidelines for Intra-Group Loans (MFTIL), providing a comprehensive framework for determining whether financing transactions between associated persons comply with the arm’s length principle. The guidelines No. 3/2026, published on 30 July 2026, outline how taxpayers should assess, price and document intra-group loan arrangements. Arm’s...
The UK’s His Majesty’s Revenue and Customs (HMRC) has updated its Pillar Two guidance to confirm the adoption of the OECD’s transitional approach for the central filing and exchange of the GloBE Information Return (GIR). Under the updated framework, eligible multinational groups that centrally file their GIR in a participating jurisdiction and submit a timely...
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-28, exempting certain foreign FIFA member associations that participated in the FIFA World Cup 2026 from filing US Federal Form 990 (Return of Organisation Exempt From Income Tax) for tax years in which they have no US-source or effectively connected income other than income earned...
Qatar’s General Tax Authority has announced the launch of the Global and Domestic Minimum Tax (Pillar Two) Registration Service through the Dhareeba platform on 2 August 2026. The GTA invites multinational enterprise (MNE) groups that fall within the scope of the Global and Domestic Minimum Tax rules to complete their initial registration within three months...