Policy updates

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Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 Rules Notified (India)

Notification No. 114/2026 [F. No. 370142/18/2026-TPL] notifies rules and prescribed forms under the **Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FADS 2026)**. This scheme allows eligible individuals to voluntarily disclose specified foreign assets and foreign income not previously reported. Applicability begins upon notification, with procedures live on e-filing portal.

Editorial impact label: High

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Sep 1, 2026

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Livestock Tax Deferral Provision Regions Prescribed for 2026

Premises in regions affected by extreme weather—drought, excess moisture or flooding—may be prescribed to qualify for the Livestock Tax Deferral provision. Producers forced to sell part or all of their breeding herd due to forage shortfalls can defer a portion of the income from those sales into the following tax year. This eases tax burden caused by involuntary herd reductions. The list of prescribed regions is updated during the growing season as conditions evolve.

Editorial impact label: Medium

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Sep 1, 2026

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Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (India)

CBDT issued Notification No. 114/2026 [F. No. 370142/18/2026-TPL] to notify rules and prescribed forms under the Foreign Assets Disclosure Scheme, 2026, requiring small taxpayers in India to disclose foreign assets. Designed to promote transparency and bring undisclosed foreign assets into tax net.

Editorial impact label: High

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Sep 1, 2026

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关于外籍个人股息红利个人所得税政策有关事项的公告 —— 财政部 税务总局公告2026年第27号

Foreign individuals receiving dividends or profits (利息、股息、红利) from foreign-invested enterprises are subject to 20% IIT; entities must withhold and remit within next month; if not withheld, individual must self-report by June 30 of following year. Applies from September 1, 2026; supersedes earlier rules in 财税字〔1994〕20号.

Editorial impact label: High

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Sep 1, 2026

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Minister MacDonald announces initial list of 2026 Livestock Tax Deferral regions

Agriculture & Agri-Food Canada announced the first list of regions for 2026 that qualify under the Livestock Tax Deferral provision, allowing producers in these prescribed areas (due to drought, excess moisture or flooding) who experience at least a 15 % reduction in breeding herd to defer a portion of their income from sales of breeding livestock to the following tax year to reduce immediate tax impact.

Editorial impact label: Medium

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Sep 1, 2026

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China to tax foreign individuals’ dividends and bonuses from foreign-invested enterprises starting September 1

Starting September 1, 2026, foreign individuals receiving dividends or bonuses from foreign-invested enterprises will be subject to **20% Individual Income Tax**. The long-standing exemption for such income since 1994 is discontinued. Impacts foreign resident and non-resident individuals alike; with treaty reliefs and foreign tax credits potentially available. Affects FIEs’ withholding obligations and foreign individuals’ return obligations.

Editorial impact label: High

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Sep 1, 2026

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Receita Federal aperfeiçoa regras de acompanhamento da fruição de benefícios fiscais via IN RFB nº 2.341/2026

Via Instrução Normativa RFB no 2.341, de 31 de agosto de 2026, aperfeiçoa critérios, procedimentos e prazos para manutenção de benefícios fiscais para pessoas jurídicas. Inclui período de adaptação até 31 December 2026, prorroga prazos para regularização, regras de verificação do Cadin, garantias recursais, procedimentos para importações, e reforço de segurança jurídica.

Editorial impact label: Medium

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Sep 1, 2026

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Third-Party Data Bi-Annual Submission Period Now Open

The South African Revenue Service (SARS) has opened the bi-annual submission window for third-party data covering the period 1 March to 31 August 2026. All approved third-party data providers (banks, medical schemes, trust administrators, Section 18A non-profits, insurance companies, etc.) are legally required to submit relevant data via approved channels (eFiling, HTTPS, Connect:Direct, etc.). The information is used to pre-populate and verify individual tax returns. Missing or late submissions may lead to non-compliance penalties and exclusion from Auto-Assessment benefits.

Editorial impact label: High

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Sep 1, 2026

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Notification No. 114/2026 – Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (India)

This scheme, notified via CBDT on 1-Sep-2026, introduces rules and prescribed forms under the Foreign Assets of Small Taxpayers Disclosure Scheme (FADS), 2026. It allows resident taxpayers and certain non-resident/Not Ordinarily Resident persons to voluntarily disclose past undisclosed foreign assets and income under the Income-tax Act, 2025 using a dedicated declaration Form (Form 1). The scheme provides limited penalty relief compared to full penalties in regular tax audits. Implications include ensuring correct asset declaration, determining eligibility, filing date obligations, and impact on treaty reporting.

Editorial impact label: High

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Sep 1, 2026

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Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 – Rules & Forms

Notification No. 114/2026 [F. No. 370142/18/2026-TPL] issued by CBDT prescribes rules and forms under the **Foreign Assets of Small Taxpayers Disclosure Scheme, 2026**. It establishes disclosure obligations for small taxpayers holding foreign assets, including prescribed thresholds and form formats for reporting; intended to enhance transparency in respect of CRS/FATCA data. Came into effect from date of notification.

Editorial impact label: High

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Sep 1, 2026

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财政部 税务总局关于外籍个人股息红利个人所得税政策有关事项的公告

This policy clarifies the personal income tax treatment for foreign individuals receiving dividends or bonuses (“息、股息、红利所得”) from foreign‐invested enterprises. It confirms a **20% tax rate**, requires withholding by the paying enterprise, declares reporting deadlines, and repeals a previous policy (财税字〔1994〕20号).

Editorial impact label: Medium

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Sep 1, 2026

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Bhutan

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Notification on Taxpayer Call Center (01-Sept-2026)

Bhutan’s Department of Revenue & Customs has launched a new Taxpayer Call Center effective September 1, 2026, aimed at improving taxpayer services by providing centralized assistance, helpline support, and query resolution.

Editorial impact label: Low

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Sep 1, 2026

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关于外籍个人股息红利个人所得税政策有关事项的公告

From September 1, 2026, foreign individuals receiving dividends or redemptions from foreign-invested enterprises are taxed at a flat 20% rate under the interest/dividends/bonuses category. The foreign enterprise must withhold and remit by the 15th of the month following payment. If enterprise fails to withhold, the foreign individual must pay by June 30 of the next fiscal year. This replaces earlier treatment under 财税〔1994〕20号.

Editorial impact label: Medium

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Sep 1, 2026

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Tarif Bunga sebagai Dasar Penghitungan Sanksi Administratif berupa Bunga dan Pemberian Imbalan Bunga Periode 1 September 2026 sampai dengan 30 September 2026

Indonesia’s Minister of Finance, via KMK No. 40/MK/EF.2/2026, sets uniform monthly interest rates for calculating administrative sanctions (for late payments, late filings, missing documentation) and monthly interest (“imbalans bunga”) to be paid to taxpayers for refunds or overpayments. The applicable rates depend on which article of the Indonesian Tax Procedures Act is breached, ranging from **0.60%** to **2.27%** per month. Effective 1 September 2026 through 30 September 2026, this regulation has immediate cash-flow implications and raises stakes for lapses in compliance.

Editorial impact label: Medium

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Sep 1, 2026

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What's new – Savings and pension plan administration (2026 TFSA & RRSP limits and ALDA limit)

The Canada Revenue Agency updated the registered plans rules: the 2026 Tax-Free Savings Account (TFSA) contribution limit is confirmed at $7,000; the 2027 RRSP contribution limit is set to $35,390; and the Advanced Life Deferred Annuity (ALDA) dollar limit is confirmed at $180,000. These adjustments affect retirement and savings-plan contributions. The RPD also introduced the Registered Plan Administrator Account portal and reminded administrators that complete application timing affects official registration dates.

Editorial impact label: Medium

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Sep 1, 2026

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Implementation of Advance Pricing Agreements (APAs) – SARs Pilot Programme

SARs in South Africa is launching a pilot Advance Pricing Agreement programme starting **1 September 2026**. It offers binding transfer-pricing certainty for qualifying cross-border related-party transactions (distribution, manufacturing, intragroup services). Thresholds in the pilot: expected transaction value must exceed **R1 billion** for distribution or manufacturing functions, or **R300 million** for intragroup services. Financial assistance and intellectual property related transactions are excluded in the pilot. Published notices specify eligibility, fees, application content, and procedure. These rules stem from public notices issued on 7 August 2026 as part of the APA implementation. ([sars.gov.za](https://www.sars.gov.za/businesses-and-employers/large-business-and-international/implementation-of-advance-pricing-agreements-apas/?utm_source=openai))

Editorial impact label: High

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Sep 1, 2026

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Guidance on CBAM verification and accreditation & access to CBAM Registry

European Commission guidance (24 August 2026) on how verifiers and national accreditation bodies (NABs) can obtain accreditation and access to the CBAM Registry, with access procedures coming into effect 1 September 2026, and mandatory verification reports from January 2027 under the EU’s CBAM Regulation’s definitive period.

Editorial impact label: High

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Sep 1, 2026

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New Registered Plan Administrator Account (RPAA) portal launch and updated filing requirements for registered plans

CRA has launched the Registered Plan Administrator Account (RPAA) portal (as of early September 2026) for registered plan administrators to manage plan registrations, forms (like T244, T550), amendments, and communications. The RPD will contact submitters for required revisions; unresponsive submissions may be closed or rejected. This shifts filings to the RPAA and away from IFT/paper in many instances.

Editorial impact label: High

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Sep 1, 2026

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UAE Minimum Excise Price for Liquids Used in Electronic Smoking Devices Effective 1 September 2026

The UAE Ministry of Finance has issued a decision establishing a **minimum excise price** of AED 1 per millilitre for e-liquid used in electronic smoking devices, adding to existing minimum prices on cigarettes, shisha tobacco, and similar products. This applies from 1 September 2026, reinforcing excise tax compliance and standardization in this sector.

Editorial impact label: Low

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Sep 1, 2026

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INSTRUÇÃO NORMATIVA RFB nº 2.341, de 31 de agosto de 2026

Alters Instrução Normativa RFB nº 2.332/2026 by modifying criteria and procedures for irregularities in the monitoring of the use of tax incentives by legal entities in respect of federal taxes administered by RFB.

Editorial impact label: Medium

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Sep 1, 2026

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