Scope: Africa
Proposed
SARS invites public input on a new digital VAT model to modernise VAT administration
On 17 August 2026, the South African Revenue Service released a VAT Modernisation Consultation Paper, seeking stakeholder input to design a digital VAT administration system aiming for greater automation, transparency, efficiency and improved governance in VAT compliance and assessment processes.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 17, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Guidance on employer credit for paid family and medical leave (Section 45S)
IRS Notice 2026-28 clarifies requirements under § 45S per the OBBB Act: specifies eligibility, calculation, documentation for employers to claim the credit for paid family and medical leave. Implication: employers offering or planning such leave must align policies to the law and documentation to IRS guidance to qualify properly.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 17, 2026
- Verification
- Not recorded
Open cited source
Scope: Africa
Proposed
SARS releases VAT Modernisation Consultation Paper inviting public comment
On 17 August 2026, SARS released a consultation paper on a new digital VAT model to modernise VAT administration. This builds on the 2023 VAT Modernisation Discussion Paper, aiming to improve transparency, efficiency, readiness, technical design and governance. Stakeholders are urged to provide feedback to shape policy direction and implementation sequencing. Implications: potential future changes to VAT filing, invoicing, digital system integration, and treatment of VAT-on digital transactions.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 17, 2026
- Verification
- Not recorded
Open cited source
Scope: Africa
Proposed
Media release: SARS invites public input on a new digital VAT model to modernise VAT administration
SARS has issued a consultation paper seeking stakeholder input on a Digital VAT model. The reforms aim to simplify compliance, improve transparency, reduce VAT leakages, and modernise data-driven VAT administration.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 17, 2026
- Verification
- Not recorded
Open cited source
Scope: Africa
Proposed
VAT Modernisation Consultation Paper Released by SARS
On 17 August 2026, the South African Revenue Service (SARS) released a consultation paper seeking stakeholder input on a new digital VAT administration model. The paper aims to implement a phased, data-driven VAT system with improved transparency, vendor simplification, and enhanced compliance enforcement. Stakeholder feedback is requested by 16 October 2026. Implications include changes to how vendors report, new system and data requirements, possible phased rollout, and potential increase in administrative costs during transition.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 17, 2026
- Verification
- Not recorded
Open cited source
Scope: Africa
Status requires verification
VAT Notice 7808: Amendment of VAT Schedule Items via GG 55190
Published 14 August 2026 via Government Gazette 55190, Notice 7808 amends item 412.09/00.00.01.00 in paragraph 8 of Schedule 1 to the Value-Added Tax Act, 1991. This amendment is a consequence of changes to rebate item 412.09 in Part 1 of Schedule No. 4 to the Customs & Excise Act. Such schedule changes adjust VAT implications for specific goods/rebate items, impacting import/export and vendor rebate entitlements.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: EU / EEA
Status requires verification
European Commission publishes a series of guidance documents to support CBAM implementation in the definitive period
On 14 August 2026, the Commission issued 10 guidance documents (4 general, 6 sector-specific) to non-EU operators to help them meet monitoring, reporting, and verification requirements under the Carbon Border Adjustment Mechanism’s definitive period, including emissions calculation, free allocation adjustment, and sectoral reporting obligations.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: EU / EEA
Status requires verification
Publication of guidance documents and corrected default values for CBAM implementation during its definitive period
On 14 August 2026, the European Commission published **ten guidance documents** for non-EU operators to help with CBAM implementation during the definitive period, and on 31 July 2026 adopted Commission Implementing Regulation (EU) 2026/1740 correcting default CBAM values. These updates refine default values, ensure consistent verification methodologies, and set administrative expectations for importers, verifiers and third‐country producers.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: Japan
Status requires verification
国税通則法施行規則第十五条第一項に規定する国税庁長官が定める書類を定める件（改正告示第23号）
Amendment (告示第23号) to specify which documents are designated by the Commissioner of the NTA under Article 15, paragraph 1 of the National Tax General Rules Enforcement Regulations; modifies the list of documents required for various tax‐law notices and applications. Important for procedural compliance.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
European Commission publishes guidance documents to support CBAM implementation in the definitive period
On 14 August 2026, the European Commission published ten guidance documents—four general and six sector-specific—to help non-EU operators comply with the EU’s Carbon Border Adjustment Mechanism (CBAM) during its definitive period. These cover monitoring, reporting and financial obligations, including emissions data verification, default versus actual values, and free allocation adjustments. Importers of CBAM-goods must submit their first CBAM declaration (for embedded emissions from 2026 imports) by 30 September 2027. Verifiers obtain access to the CBAM Registry as of 1 September 2026. Sector-specific guides include those for hydrogen, fertilisers, iron & steel, aluminium, and electricity. Responses and alignment actions will be needed globally for exporters to the EU. ([taxation-customs.ec.europa.eu](https://taxation-customs.ec.europa.eu/news/european-commission-publishes-series-guidance-documents-support-cbam-implementation-definitive-2026-08-14_en?prefLang=nl&utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: EU / EEA
Status requires verification
EU publishes new guidance documents for CBAM verification and accreditation under the definitive period
On 14 August 2026, the European Commission released four general and six sector-specific guidance documents to help non-EU operators prepare for CBAM’s definitive period. Covers Monitoring Plans, free allocation adjustments, defaults vs actual emissions, & roles of verifiers and accreditation bodies. Also, from 1 September 2026, a procedure for CBAM verifiers’ access to the CBAM Registry applies. These strengthen CBAM compliance and verification obligations for importers and non-EU producers.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: EU / EEA
Status requires verification
Guidance for Implementation of CBAM in Definitive Period for Non-EU Operators
From 14 August 2026, the European Commission published guidance (general and sector-specific) to help non-EU operators comply with the definitive EU Carbon Border Adjustment Mechanism: including obligations around monitoring plans, actual vs default emissions accounting, verifier accreditation, roles of national accreditation bodies and timeline of reporting for carbon-intensive goods imports.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Proposed targeted amendments to the Model Reporting Rules for Digital Platforms to support exchange of tax information
An OECD public consultation document (14 August 2026) proposes enhanced reporting obligations for digital platforms to facilitate automatic exchange of tax information. The amendments are focused on increasing transparency for sellers on digital platforms, cross-border transactions, and expanding thresholds and categories of information reported. These changes—once finalized—could affect platform operators, multinational sellers, and digital nomads, introducing new compliance burdens and impacting pricing and withholding structures.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners
FinCEN issued a final rule (effective August 14, 2026) which **exempts U.S. persons who have obtained FinCEN IDs** from the requirement to update or correct previously submitted beneficial ownership information under the Corporate Transparency Act. It also removes from the database information previously reported by persons now exempt under the rule.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 14, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Programa Nacional de Conformidade Tributária (PNCT) regulamentado para apoio à Reforma Tributária em 2026
Ato conjunto RFB/CGIBS nº 5/2026 institui o Programa Nacional de Conformidade Tributária para 2026, com objetivo de facilitar adaptação dos contribuintes às novas obrigações fiscais ligadas à emissão de documentos fiscais no contexto da reforma do consumo. Foca em orientação, acompanhamento e correção antes de punições, com prazo de regularização até 31 de dezembro de 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 13, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
UK simplifies Treaty Relief from Withholding Tax on Interest Paid Overseas (consultation)
The UK government launched a consultation (updated August 13, 2026) seeking views on how to simplify the administrative process for entities and individuals claiming treaty relief on interest paid to overseas lenders, with the goal of minimising cost, risk, and complexity while protecting against profit stripping. This has potential cross-border implications for non-UK lenders and borrowers.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 13, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Receita Federal e CGIBS regulamentam Programa Nacional de Conformidade Tributária para apoiar adaptação à Reforma Tributária no ano de 2026
Institui o Programa Nacional de Conformidade Tributária (“PNCT”) por meio do Ato Conjunto RFB/CGIBS nº 5/2026, com objetivo de orientar, monitorar e permitir correção voluntária de inconsistências nos documentos fiscais durante a transição para os regimes do IBS e da CBS.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 13, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Programa Nacional de Conformidade Tributária regulamentado pelo Ato Conjunto RFB/CGIBS nº 5/2026
Ato Conjunto RFB/CGIBS nº 5, de 2026 regulamenta o Programa Nacional de Conformidade Tributária (PNCT) com foco em adaptar contribuintes às obrigações acessórias do IBS e CBS, priorizando orientação, monitoramento e correção de inconsistências até 31 de dezembro de 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 12, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Ato Conjunto RFB/CGIBS nº 5, de 12 de agosto de 2026 — Programa Nacional de Conformidade Tributária
Regulates the National Tax Compliance Program for 2026, designed to help taxpayers adapt to the new obligations under the Reforma Tributária do Consumo (IBS and CBS) by prioritising orientation, monitoring and correction of inconsistencies rather than punitive action during transition.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 12, 2026
- Verification
- Not recorded
Open cited source
Scope: South Korea
Status requires verification
2026년 하반기 국세행정 운영방안 발표
The NTS released the tax administration plan for second half of 2026, outlining enforcement, digitalization, and taxpayer services priorities. Key elements: expanding automatic pre-filled (“미리채움”) and fully filled (“모두채움 자동신고제”) tax return services; prioritizing high risk areas like overseas hidden trusts and undeclared foreign assets; increasing use of AI for forensic analysis and transaction tracing, including crypto; expanding tax relief for businesses hurt by high inflation, fuel and exchange rate shocks; strengthening taxpayer support for youth, startups and regional businesses; accelerating integrated collection of non-tax government revenue; and enhancing interdepartmental cooperation.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 12, 2026
- Verification
- Not recorded
Open cited source