Policy updates

Status requires verification

Rule on Effective Compliance Programme and Rule on Compliance with Financial Sanctions and Targeted Financial Sanctions (CIMA)

Cayman Islands Monetary Authority has issued two rules to be effective from 18 September 2026: one establishes an effective AML/CFT/CPF compliance programme requirement for Financial Services Providers; the other mandates compliance with financial sanctions and targeted financial sanctions. The rules enhance governance, risk-based approaches, independent audits, sanctions screening, and extend obligations to all regulated persons under supervisory Acts regardless of business model or whether they conduct ‘Relevant Financial Business’.

Editorial impact label: High

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Sep 18, 2026

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Two new AML/CFT Rules (Rule on Effective Compliance Programme & Rule on Compliance with Financial Sanctions) by CIMA

The Cayman Islands Monetary Authority has issued two new Rules to strengthen financial regulation: one on Effective Compliance Programmes for the prevention and detection of Money Laundering, Terrorist Financing and Proliferation Financing; the second on Compliance with Financial Sanctions and Targeted Financial Sanctions. These rules require regulated financial services providers to implement risk-based frameworks, appropriate governance, monitoring, and reporting mechanisms. They take effect 18 September 2026.

Editorial impact label: High

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Sep 18, 2026

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종합부동산세 합산배제와 과세특례를 신고･신청하세요! (Aggregation Exclusion & Special Property Tax Treatment Notice)

The National Tax Service announced that approximately 48,000 taxpayers who qualify may apply by September 30, 2026 for aggregation exclusion or special treatment of comprehensive real estate tax (종합부동산세) for singly owned homes jointly held by spouses. Eligibility requires residential status and that no other household member owns another home. If approved, taxable value either becomes non-taxable or taxed under favourable criteria.

Editorial impact label: Medium

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Sep 16, 2026

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Greater tax certainty for major investments in Canada

The CRA will **prioritize** advance income tax rulings (AITRs) for investments of **$1 billion or more**, effective September 14, 2026. This aims to speed up binding decisions under the Income Tax Act for large-scale, nation-building or clean economy projects, helping reduce financing risk and ambiguity around tax treatment.

Editorial impact label: High

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Sep 14, 2026

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Alteração da data para publicação em produção do esquema com o CNPJ alfanumérico

O Ato Declaratório Executivo Cofis nº 14/2026, publicado em 14 de agosto, altera o cronograma de implantação do esquema de **CNPJ alfanumérico** no ambiente de produção da e-Financeira, adiando por duas semanas a atualização originalmente prevista no ADE Cofis nº 10/2026. Inclui período de manutenção técnica (12-13 de setembro), prazo para transmissão de ajustes sob o leiaute antigo (1-11 de setembro), e entrada em produção do novo esquema em **14 de setembro de 2026**.

Editorial impact label: Low

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Sep 14, 2026

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Adequação da e-Financeira ao modelo de CNPJ alfanumérico

The new CNPJ alphanumeric format (allowed letters in first 12 positions, last two check digits numeric) is being rolled-out for new entity registrations from July 2026. The e-Financeira Manual de Preenchimento version 2.1.2 (ADE Cofis nº 10/2026) updated schema for accepting alphanumeric CNPJs, with production enforcement scheduled for **September 1**, later postponed to **September 14, 2026** under ADE Cofis nº 14/2026.

Editorial impact label: Medium

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Sep 14, 2026

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체납추적·세무조사 연계 전담팀 설치 및 고액체납자 탈루 혐의 엄정 대응

국세청은 최근 고액·상습 체납자를 상대로 **체납추적·세무조사 연계 전담팀**을 신설하여 역외탈세, 법인자금 유출 등 탈루혐의에 대해 비정기 세무조사와 함께 재산 추적·면탈 범칙 행위 검증을 강화함. 탈세제보 확대, AI-기반 포렌식 도구 고도화 등의 방안도 포함됨.

Editorial impact label: High

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Sep 14, 2026

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Revised GloBE Information Return Implementing President Trump’s Day One Executive Order

Release of revised Global Anti-Base Earnings (GloBE) Information Return. Implements an international tax compliance framework under Trump’s executive order, opposing the OECD global tax deal, introducing safe harbor and new reporting rules for U.S. multinationals to reduce compliance burden.

Editorial impact label: High

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Sep 11, 2026

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Global Minimum Tax: Inclusive Framework releases a package to strengthen consistency and certainty for MNEs and jurisdictions

On 11 September 2026, the OECD/G20 Inclusive Framework released administrative guidance and a full legislative review framework for the Global Minimum Tax (Pillar 2), clarifying treatment of Explicitly Conditional Taxes, fiscal year mismatches under QDMTT Safe Harbour, and updating the GloBE Information Return templates. This aids multinational enterprises (MNEs) and jurisdictions in aligning domestic rules with OECD model rules and improving transparency.

Editorial impact label: High

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Sep 11, 2026

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Global Minimum Tax: Inclusive Framework releases a package to strengthen consistency and certainty for MNEs and jurisdictions

OECD/G20 Inclusive Framework has released a package (11 September 2026) supporting the consistent implementation of the Global Minimum Tax. This includes a framework for full legislative review processes, updates to the GloBE Information Return (GIR), and new guidance on applying the GloBE Model Rules. Implications include peer reviews of implementing jurisdictions, more standardized reporting for Multinational Enterprises (MNEs), and increased alignment requirements for domestic tax laws with global standards.

Editorial impact label: High

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Sep 11, 2026

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Proposed

European Commission launches public consultation on VAT and the Circular Economy

On 10 September 2026, the European Commission launched a public consultation to amend the EU VAT rules to better support circular economy models. Key areas under consideration include the VAT treatment of second-hand goods, destruction of viable goods, and business-use passenger car deduction rules. The feedback will shape amendments to the VAT Directive with legislation expected by early 2027.

Editorial impact label: Medium

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Sep 10, 2026

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Tax Challenges Arising from the Digitalisation of the Economy – GloBE Information Return (September 2026)

Released 10 September 2026, this OECD report offers extensive commentary on the operation of the GIR standardised return under the Global Minimum Tax, analysing how digitalization, low-value imports, and cross-border digital services create compliance challenges. Provides guidance for businesses and jurisdictions on filling GIR, dealing with inconsistencies, and aligning domestic law with OECD Model Rules.

Editorial impact label: Medium

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Sep 10, 2026

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Receita Federal publica versão 1.2.0 da documentação técnica da DeRE

Versão técnica da Declaração de Regimes Específicos (DeRE) foi atualizada em 2 de setembro de 2026, com novos leiautes dos eventos transacionais (series D-2000/3000/4000), controle de deduções da base de cálculo, reabertura de competências encerradas; validações técnicas estabelecidas, manual do usuário a seguir.

Editorial impact label: Medium

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Sep 9, 2026

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Improved Self Assessment registration service launched

HMRC has launched a streamlined Self Assessment registration service for those new to SA or no longer needing it; deadlines set (5 October 2026 for registration; 31 January 2027 for filing and payment). Provides smoother onboarding via Personal Tax Account and pre-population of High Income Child Benefit Charge data.

Editorial impact label: Medium

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Sep 9, 2026

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Anti-avoidance information notices — technical information

Introduces new powers (“anti-avoidance information notices”, AAINs) under Finance Act 2026 to require persons suspected of promoting or facilitating tax avoidance to provide HMRC with information or documents. These powers are information-gathering only, supplementing existing Schedule 36 FA 2008 powers. Impacts promoters, facilitators, and helps HMRC enforce anti-avoidance regimes.

Editorial impact label: Medium

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Sep 9, 2026

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Extension of federal fuel excise tax relief on gasoline, diesel and aviation fuels

The Government of Canada has extended the temporary suspension of the federal excise tax on gasoline, diesel, unleaded aviation gasoline, and aviation fuel until **January 31, 2027**, with rates at 50% of regular from **February 1 to March 31, 2027**. Full rates are to return April 1, 2027. This offers ongoing cost relief for Canadians, particularly in transport-intensive sectors.

Editorial impact label: High

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Sep 8, 2026

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Pakistan

Status requires verification

Circular No. 02 of 2026-27: Explanation of Important Amendments made in the Income Tax Ordinance, 2001 (Pakistan)

Issued by Pakistan’s FBR on **8 September 2026**, this circular explains amendments enacted under **Finance Act, 2026** to the Income Tax Ordinance, 2001. Key changes include withholding tax on income from social media platforms and digital content, raising exemption threshold for small traders' withholding, automatic issuance of annual exemption certificates for eligible non-profits, and tax on sham life insurance policies. These measures reshape compliance and broaden taxation of digital economy and services. Impact is high for digital creators, non-profits, and small traders.

Editorial impact label: High

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Sep 8, 2026

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UAE’s Amendments to the VAT Executive Regulation (Cabinet Decision No. 149 of 2026)

Cabinet Decision No. 149 of 2026 amends parts of the Executive Regulation for UAE VAT law (Federal Decree-Law No. 8 of 2017). Changes affect treatment of medical product supply and import, input VAT recovery for employee accommodation, capital assets scheme, single composite supply rules, and limits on input recovery for large cash payments. Intended to clarify ambiguous areas and strengthen compliance.

Editorial impact label: Medium

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Sep 8, 2026

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Ministry of Finance Announces Amendments to the VAT Executive Regulation

Cabinet Decision No. 149 of 2026 introduces changes to the UAE’s VAT Executive Regulation under Federal Decree-Law No. 8 of 2017. Key updates include clarifications on supply and import of medical products, treatment of employee accommodation input tax, scope of the Capital Assets Scheme, input tax apportionment methodology, rules for single composite supplies, and a restriction on input tax recovery for cash payments above thresholds to be prescribed. These aim to enhance transparency, align with international best practices, support compliance, and reduce disputes.

Editorial impact label: High

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Sep 8, 2026

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Proposed

Legislative Proposals Relating to the Excise Tax Act

Draft legislative amendments to the Excise Tax Act introduce changes to how excise tax on various fuels is calculated for periods after September 8, 2026, and early 2027, including reductions in reference amounts for certain fuel types. These changes are scheduled to come into force starting September 8, 2026. They may affect duties on gasoline, aviation fuel, diesel, and modules under the Excise Tax Act, altering cost base and compliance for fuel suppliers and importers.

Editorial impact label: Medium

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Sep 8, 2026

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