Saturday, September 19, 2026
Taiwan has reminded small-scale businesses exempt from issuing uniform invoices that they must still comply with tax withholding and reporting obligations when paying salaries, rent or other types of income, even if their taxes are assessed by the National Taxation Bureau. The reminder applies to sole proprietorships and partnerships with monthly sales of less than...
The OECD has announced that Guernsey and Turkey have joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), further expanding the international framework for the automatic exchange of information under the global minimum tax rules. Guernsey signed the agreement on 23 June 2026, while Turkey signed on 20 April 2026....
Malaysia’s Ministry of Finance has gazetted Income Tax (Deduction For Rental Payments) (Electric Motor Vehicles) Rules 2026 on 26 June 2026. These rules provide specific tax incentives for Malaysian companies that lease electric motor vehicles. Established by the Minister of Finance, these regulations permit businesses to claim tax deductions on rental costs, insurance, and administrative...
The Kenya Revenue Authority announced on 6 July 2026 that, under the Finance Act, 2026, which amends the First Schedule to the Excise Duty Act (Cap. 472), excise duty on bottled water has been abolished with effect from 1 July 2026. The announcement applies to all licensed manufacturers, importers of bottled water, and the general...
Ireland’s Government has announced, on 30 June 2026, the reintroduction of the 9% VAT rate for food and catering services and hairdressing from 1 July 2026, delivering a commitment set out in the Programme for Government. According to the Department of Finance, the reduced VAT rate applies to food and catering services and to hairdressing....
Peru’s National Superintendency of Customs and Tax Administration (SUNAT) has published Version 4.0 of its Catalogue of High Tax Risk Schemes, adding 11 new arrangements that could be used to obtain undue tax benefits and may be challenged under the country’s General Anti-Avoidance Rules (GAAR). The catalogue forms part of SUNAT’s strategy to improve voluntary...
The Hong Kong Inland Revenue Department (IRD) has announced that Hong Kong and Morocco will conduct a second round of negotiations on an income tax treaty from 13 to 17 July 2026. If an agreement is reached, it will help prevent double taxation and combat fiscal evasion between the two nations. It will require finalisation,...
Qatar’s General Tax Authority (GTA) has announced the implementation of a new Excise Tax mechanism on Sweetened Drinks, effective 6 July 2026, based on a Tiered Volumetric Model under which the applicable tax is calculated according to the amount of sugar or added sweeteners contained in taxable beverages and products. The new mechanism is introduced...
The Chilean tax authority (SII) has issued Letter Ruling No. 1529 of 22 June 2026, clarifying the deductibility of carbon credit purchases under amendments to Article 31 of the Chilean Income Tax Law that took effect in 2020. The ruling examines whether money spent on carbon credits can be classified as a deductible business expense....
China is eliminating vehicle tax exemptions for pure electric, plug-in hybrid, and fuel cell commercial vehicles starting 1 January 2027. This decision has been made through Announcement No. 19 of 2026 on the Vehicle and Vessel Tax reduction and exemption for energy-saving and new energy vehicles, jointly issued by the State Taxation Administration, Ministry of...