Policy updates

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国際観光旅客税の税率引上げ（International Tourist Tax Rate Increase）

The departure tax per international tourist leaving Japan is raised from ¥1,000 to ¥3,000 per departure from July 1, 2026. A transitional measure continues to use ¥1,000 for departures under certain contracts concluded before that date. Also impacted is the e-Tax software - specification changes to allow correct calculation and filing. Moderate to high impact especially for frequent travelers, tourists, nomads.

Editorial impact label: Medium

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Jul 1, 2026

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Automatic Exemption from Penalty (AEP) begins replacing First Time Abate

The IRS will introduce the Automatic Exemption from Penalty (AEP) in summer 2026, replacing First Time Abate. AEP will be applied automatically for eligible taxpayers—those with three years of timely filing and tax payment history—for failure to file, pay, or deposit penalties on eligible returns starting with tax year 2025 and 2026 quarterly returns. Not all penalties or return types are eligible. AEP requires no taxpayer action. Those eligible will receive a notice. First Time Abate becomes unavailable for returns due on or after January 1, 2027.

Editorial impact label: High

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Jul 1, 2026

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2026 Pay as you go (PAYG) withholding tax tables updated and effective 1 July 2026

New PAYG withholding tables which incorporate the personal income tax rate cuts announced in the 2025–26 Budget (under the Treasury Laws Amendment (More Cost of Living Relief) Act 2025), as well as indexation of thresholds and study and training loan repayment parameters. These tables apply from 1 July 2026, affecting withholding for employees and other payees.

Editorial impact label: High

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Jul 1, 2026

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Payday Super reforms commence with super payments made each payday from 1 July 2026

Under the Payday Super reforms, employers must pay superannuation contributions **each payday**, calculate contributions on **qualifying earnings**, and ensure super reaches the fund within 7 business days after payday. Small Business Superannuation Clearing House permanently closed 1 July 2026; reporting of qualifying earnings and super liability via STP becomes required.

Editorial impact label: High

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Jul 1, 2026

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Notification of changed amounts of the Republic administrative fee (Serbia)

The Republic of Serbia’s Tax Administration updated its **administrative fee schedule**, effective **July 1, 2026**. The costs for tax certificates, deferrals, residency confirmations, appeals, and document copies are increased. For example, a request for issuing a tax certificate now costs **860 dinars**, deferral of payment decisions **1,170 dinars**, and residency confirmations for natural persons cost **2,340 dinars**. These changes are prescribed under the Law on Republic Administrative Fees. Impacts all persons and entities applying for administrative tax documents.

Editorial impact label: Low

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Jul 1, 2026

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SuperStream Contribution Standard v3.0 / Fund Validation Service Changes

From **1 July 2026**, updated SuperStream contributions standard v3.0 becomes operative. Enhancements include: allowing New Payments Platform (NPP) as payments method; standardised error messages; verifying member details; increasing account name (Financial Institution Account, FIA) field length from 32 to 200 characters; and updated certification values (CONT3.0-X) for contributions. Employers, funds, and software providers must upgrade systems to comply.

Editorial impact label: High

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Jul 1, 2026

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International Tourist Tax Rate Increase to ¥3,000 per Departure

The tax rate for the International Tourist (観光旅客税) departing Japan has been raised from ¥1,000 to ¥3,000 per departure. The change applies from July 1, 2026, and requires adjustments in collection procedures, e-Tax software input formats, and interpretation for certain travel contracts concluded before that date.

Editorial impact label: Medium

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Jul 1, 2026

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Rollout of second set of Statutory Forms under Income Tax Rules, 2026 (India)

India’s Income Tax Department has launched 13 additional statutory/quarterly forms under the Income-tax Rules, 2026, available now on the e-filing portal. This expansion supports the new Income-tax Act, 2025, and simplifies compliance with updated forms for AY 2026-27. The forms cover both online and offline filings. Also, payment interface now integrates dues under the old Act (for FY 2025-26) and dues under the new Act (from Tax Year 2026-27) into a single portal.

Editorial impact label: Medium

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Jul 1, 2026

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Ukraine CRS 2.0 Reporting Rules for Financial Accounts

Ukraine adopted Order № 316 as of June 15, 2026, to implement the OECD’s updated CRS 2.0 standard. As of **July 1, 2026**, expanded reporting requirements cover electronic money, virtual assets, new financial institution categories, and enhanced due diligence. This change increases transparency and aligns Ukraine with international norms regarding financial reporting.

Editorial impact label: High

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Jul 1, 2026

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Internal Revenue Bulletin: Revision of Standard Mileage Rates Effective July 1, 2026

The IRS revised the optional standard mileage rates: 76¢ per mile for business travel, and 23.5¢ per mile for medical and moving purposes, effective July 1, 2026. The charitable rate remains 14¢. Applies to transportation expenses incurred on or after that date.

Editorial impact label: Medium

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Jul 1, 2026

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Guidance and legal text on temporary flat fee on low-value imports which will apply until 1 July 2028

From 1 July 2026, the EU will abolish the customs duty exemption for imported goods valued up to €150 (low-value consignments) and impose a temporary €3 customs duty per item under DSIG rules; product identifiers (PIDs) become mandatory from 1 November 2026 to improve traceability. This duty applies until 1 July 2028 pending deployment of the EU’s Customs Data Hub. Impacts include increased duty collection, compliance costs, and documentation requirements for non-EU sellers, platforms, and importers. Source: European Commission, Taxation and Customs Union. ([taxation-customs.ec.europa.eu](https://taxation-customs.ec.europa.eu/news/guidance-and-legal-text-temporary-flat-fee-low-value-imports-which-will-apply-until-1-july-2028-2026-06-08_en?prefLang=sk&utm_source=openai))

Editorial impact label: High

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Jul 1, 2026

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Commission adopts amendments to the Union Customs Code Implementing Act to streamline the application of non-preferential rules of origin

As of 1 July 2026, the EU amended Articles 57-59 and Annex 22-14 of the Union Customs Code Implementing Act (UCC-IA), introducing new procedural rules including proof of direct transport or non-alteration for non-preferential origin, acceptance of electronic certificates of origin via ELAN, and flexibility during its transition. These changes affect customs duties, quotas, and origin verification for agricultural and other goods. ([taxation-customs.ec.europa.eu](https://taxation-customs.ec.europa.eu/news/commission-adopts-amendments-union-customs-code-implementing-act-streamline-application-non-2026-07-02_en?utm_source=openai))

Editorial impact label: Medium

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Jul 1, 2026

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EU Council Regulation (EU) 2026/382 of 6 March 2026 – Temporary flat €3 customs duty on low-value imports

This regulation abolishes the de minimis exemption for low-value imports (<= €150) from non-EU suppliers and introduces a flat €3 customs fee per item, effective from 1 July 2026 until 1 July 2028. It requires mandatory product identifiers (PIDs) from 1 November 2026 to help traceability, and removes discriminatory benefits for small non-EU sellers. Impacts consumers, e-commerce platforms, and customs authorities. Implications include increased cost for consumers, compliance for platforms, and improved enforcement of product safety and consumer protection.

Editorial impact label: Medium

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Jul 1, 2026

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国家税务总局公告2026年第12号 关于个人所得税有关征管事项的公告

Introduces preferential prepayment rates for natural persons selling scrap products. Under the reverse invoicing (“三流合一反向开票”) system, annual sales up to ¥600,000 are taxed at 0.25%; excess at 0.5%. Also continues the housing swapping IIT refund policy for home sellers who repurchase in same city within one year.

Editorial impact label: Medium

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Jul 1, 2026

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Bangladesh

Proposed

Bangladesh — Proposed Increase in Tax-Free Threshold & Five-Year Progressive Tax Structure

In the Budget Speech for Assessment Year 2026-27, Bangladesh proposed increasing the tax-free income threshold from BDT 350,000 to BDT 375,000, with further progressive increases over the next five years to BDT 400,000 and 450,000. This is part of a five-year plan to make the tax system more progressive and responsive to inflation and cost of living.

Editorial impact label: Medium

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Jul 1, 2026

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IRS Simplifies Penalty Relief, Introduces Automatic Exemption from Penalty for Eligible Taxpayers

IRS replaces First Time Abate with an automatic process (AEP) that provides relief from failure-to-file, failure-to-pay, and (for businesses) failure-to-deposit penalties beginning for eligible original returns for tax year 2025 and 2026 quarterly returns. The relief is automatic for taxpayers with a history of timely filing and payment, without needing to request it. Those qualifying will receive a notice confirming relief. FTA is phased out; AEP full replacement occurs for returns due on or after January 1, 2027.

Editorial impact label: High

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Jul 1, 2026

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Proposed

Legislative and Regulatory Proposals Relating to the Excise Tax Act, the Excise Act, 2001, the Air Travellers Security Charge Act and the Select Luxury Items Tax Act

July 2026 draft legislative and regulatory proposals that amend definitions (such as “virtual payment instrument”) and provisions under the Excise Tax Act, Excise Act, Air Travellers Security Charge Act, and Select Luxury Items Tax Act. These address tax treatment of virtual payment instruments and other technical changes.

Editorial impact label: Medium

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Jul 1, 2026

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Payday Super reforms: Employers must pay super guarantee every payday

From 1 July 2026, under the Payday Super reforms employers must pay SG based on qualifying earnings (QE), pay super on each payday and ensure funds are received by super funds within 7 business days. The Small Business Superannuation Clearing House will close. New definitions, reporting obligations, and super guarantee charge rules introduced.

Editorial impact label: High

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Jul 1, 2026

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Payday Super Reforms – Employers’ Super Contributions Due Each Payday

From **1 July 2026**, the Payday Super reforms require employers to move from quarterly to per-payday super guarantee contributions. Contributions must now be calculated on qualifying earnings (which include ordinary time earnings, commissions, salary sacrifice, and payments under the extended definition of employee) and paid to super funds by **7 business days** after each payday. The Small Business Superannuation Clearing House (SBSCH) was closed permanently on 1 July 2026. Employers must now include year-to-date qualifying earnings and super liability in every Single Touch Payroll reporting event. A first-year compliance approach has been published by the ATO, acknowledging the transition period. ([community.ato.gov.au](https://community.ato.gov.au/s/article/a07Mo00001qD2iH/payday-super-has-started-heres-what-employers-need-to-know-and-do?utm_source=openai))

Editorial impact label: High

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Jul 1, 2026

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Payday Super: change to how employers calculate and pay super guarantee from 1 July 2026

From 1 July 2026, under the Payday Super reform employers must pay super guarantee contributions on payday (at the same time as salary/wages) based on qualifying earnings, include salary sacrifice, commissions, contractor payments etc.; super funds must receive payment within 7 business days; reporting via STP with new code; Small Business Superannuation Clearing House closes; first-year compliance approach with transitional rules.

Editorial impact label: High

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Jul 1, 2026

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Open cited source