Saturday, September 19, 2026
The UAE Federal Tax Authority (FTA) has issued the Education Sector Value Added Tax Guide (VATGED1) on 29 June 2026, providing updated guidance on the application of Value Added Tax (VAT) to educational services, related goods and services, and other activities across the country’s education sector. Zero-rated educational services Under the guide, educational services qualify...
Uzbekistan has released Presidential Decree No. UP-103 of 2 June 2026, which introduces various measures aimed at the modernisation and expansion of cultural and arts sectors in Uzbekistan. To foster new talent, the government is establishing specialised creative associations and a dedicated investment fund to finance artistic business projects. Significant financial incentives are introduced, including...
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has announced on 29 June 2026 the Minister of Finance’s decision to extend the “Cancellation of Fines and Exemption of Financial Penalties Initiative” for taxpayers subject to all tax laws for an additional six months, starting from 1 July 2026. ZATCA clarified that the initiative provides exemptions...
Costa Rica’s Ministry of Finance has published an updated historical schedule of interest rates applicable to late tax payments and refunds of tax overpayments as of 1 July 2026. Under Resolution MH-DGH-RES-0033-2026/MH-DGA-RES-0897-2026, the rate has been set at 8.41% effective from 1 July 2026, based on the average commercial lending rate of Costa Rica’s national...
The European Commission has published its final evaluation report on the Anti-Tax Avoidance Directive (ATAD) on 25 June 2026, covering the period from 1 January 2019 to mid-2025. The report assesses the effectiveness of ATAD in meeting its objectives and examines whether the measures remain suitable for addressing current tax avoidance challenges. Purpose and scope...
Ireland’s Revenue has published eBrief No. 108/26, updating Tax and Duty Manual Part 06-08a-01 Dividend Withholding Tax – Details of Scheme to clarify when distributions may be paid, either directly or indirectly, to an Irish partnership or a non-resident partnership treated as equivalent to an Irish partnership for income tax or corporation tax purposes without...
The Dominican Republic’s Directorate General of Internal Revenue (DGII) has issued Notice 10-26, setting out the implementation schedule for key provisions of Law 30-26 and confirming that several tax measures will take effect from 1 July 2026. From that date, a 15% withholding tax will apply to royalties and payments to non-residents for software licenses,...
The Australian Taxation Office (ATO) has updated its foreign exchange rate guidance, which includes the monthly exchange rates for 1 July 2025 to 30 June 2026 and monthly rates for April and May 2026. All foreign income, deductions, and foreign tax paid must be converted to AUD before being included in the return. There are...
The Department of the Treasury and the Internal Revenue Service (IRS) announced, on 29 June 2026, that it issued Revenue Procedure 2026-25 providing a gift tax reporting safe harbour for certain contributions to Trump accounts created under the Working Families Tax Cuts. This revenue procedure provides a transfer tax safe harbour for certain individual donors...
Romania’s Ministry of Finance and the National Agency for Fiscal Administration (ANAF) announced, on 30 June 2026, that they have introduced revised transfer pricing regulations designed to bring greater clarity and consistency to how multinational companies structure intra-group transactions. The ANAF has approved and submitted to the Official Gazette for publication two orders introducing procedures...