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Global Employer Services News
A draft Hungarian Wealth Tax Act published in Hungary on 6 October 2026 would impose an annual tax of 1% to 1.5% on net wealth exceeding HUF 1 billion. The first valuation date would be 31 December 2026. Although aimed at high-net-worth individuals, the proposed tax would extend beyond Hungarian residents: nonresidents holding Hungarian property or companies, dual citizens living abroad, expatriates working in Hungary, and foreign trusts and foundations could fall within its scope.
Global Employer Services News
As part of its efforts to close the ‘tax gap’ — the difference between the tax theoretically due and the amount actually collected — the UK tax authority (HMRC) has begun publishing Guidelines for Compliance (GfC) across different areas of tax (read more about GfC here).
BDO Indirect Tax News
Full VAT Recovery on Passenger Cars From 1 January 2027, the cap on input VAT recovery for passenger vehicles will be abolished. Under current rules, taxpayers may deduct no more than CZK 420,000 of input VAT, even when the VAT charged on the purchase exceeds that amount. Once the cap is removed, VAT will be fully recoverable if the vehicle is used exclusively for taxable business purposes and proportionately recoverable if it is used for both business and private purposes.
What Businesses Should Do Before 2027 - BDO
In 2026 alone, lawmakers introduced approximately 80 bills across 22 states addressing the taxation of digital products and services, according to MultiState, a government relations company. Several newly enacted laws significantly expand the taxation of SaaS, streaming services, cloud-based software and data-related transactions.
Global Employer Services News
Companies often use options over their own shares to attract and retain employees. Although share option plans can be an effective form of compensation, they also raise important tax questions. In a decision issued on 9 October 2026, the Dutch Supreme Court clarified that, in certain circumstances, a cash bonus paid to buy out conditional share options is deductible for Dutch corporate income tax purposes.
BDO Indirect Tax News
From 1 January 2027, the Electronic Sales Recording (EET) 2.0 regime will require many businesses that accept in-person payments to report those sales to the Czech Republic tax authorities. EET 2.0 is a sales-recording mechanism designed to capture revenue at the time of sale; notably, it is not an e-invoicing mandate.
BDO Indirect Tax News
Laws enacted in Egypt on 28 July 2026 contain a legislative package designed to simplify the tax system and reduce taxpayers’ administrative costs and compliance burdens. As part of this package, which applies as from 29 July, various changes are made to the VAT rules, including the following: The 5% reduced VAT rate applies to machinery and medical equipment used in the production of goods.
Global Employer Services News
Starting 1 July 2026, Australian employers must make superannuation guarantee (SG) contributions on each payday rather than quarterly. Payday Super — the most significant reform to SG in years — is intended to improve SG compliance and employee outcomes, but the accelerated payment cycle also has practical implications for payroll tax processes, including data alignment, reporting controls and cash-flow management.
BDO Indirect Tax News
The VAT PMSE regime has applied to electronic supplies of digital goods and services by nonresident providers to Indonesian customers since 1 July 2020 in both B2B and B2C transactions. The Directorate General of Taxes (DGT) appoints foreign businesses that meet specified turnover and traffic thresholds as VAT collectors, requiring them to register and account for the Indonesian VAT (for prior coverage, see the article in the July 2022 issue of Indirect Tax News).
BDO Indirect Tax News
The issuance of the Ministerial Order is the latest—and most decisive—step in Spain’s e-invoicing journey (for prior coverage, see the following articles in Indirect Tax News: April 2026, January 2025 and July 2023). The Order should not be treated as a technical footnote. It provides the final regulatory detail needed for Spain’s e-invoicing mandate to operate, and its entry into force on 6 October triggered the phased implementation timetable.
BDO Indirect Tax News
Three-Year Statute of Limitations for Compliant Taxpayers As a general rule, the federal tax authorities have five years to assess and collect taxes and impose penalties. Under the amended federal tax procedure law, this period is reduced to three years when a registered taxpayer files its return on time and settles the tax due.
BDO Indirect Tax News
The Netherlands intends to extend the EU’s VAT in the Digital Age (ViDA) requirements beyond the EU baseline. Specifically, e-invoicing and digital reporting will apply to both intra-EU B2B transactions and domestic transactions. Mandatory e-invoicing and digital reporting for intra-EU transactions will apply as from 1 July 2030 and digital reporting for domestic B2B transactions is expected to follow from 1 July 2031.
Global Employer Services News
US citizens living and working abroad may be familiar with the automatic federal filing extensions available for US individual income tax returns. A less widely known discretionary extension may provide additional time when foreign tax information, investment reports or other international tax documents are delayed. Eligible taxpayers living abroad generally receive an automatic extension from 1 April to 15 June and may extend the filing deadline to 15 October by submitting Form 4868 with the IRS.
The AI cyber divide
How organisations set themselves up for success when both defenders and attackers are accelerating. AI is helping organisations innovate faster, automate decisions, improve productivity, and unlock new growth opportunities. At the same time, AI is helping threat actors identify vulnerabilities, scale social engineering, automate reconnaissance activities, generate malicious code, and adapt attacks at unprecedented speed. The result is a growing divide.
Human-Centric Cyber Awareness
Why the future of cybersecurity starts with people. Our employees sit through annual training sessions. They complete the mandatory quizzes. They watch simulation videos. Completion rates are all tracked, reports are generated to explain the results, and leaders feel confident they addressed the human side of cybersecurity. But somehow, cyber incidents continue to occur at an alarming rate. And, humans remain the first point of entry.
The Board's role has expanded: From AI awareness to AI accountability
The new Board Agenda: Governing AI for innovation, trust, and performance. The board’s job isn’t to put the brakes on AI. It’s to make the organisation confident enough to accelerate on their journey. Winning with AI requires visibility, accountability, trust, and evidence. Without them, AI risk scales faster than it scales its value. AI is no longer a technology experiment or proof of concept. It has become part of how organisations decide, serve, operate, compete, and grow.
The world of cyber is pivoting
What the future of cybersecurity looks like, and why cyber resilience must move at the speed of business. Time is the new battlefield, and cybersecurity has become a speed problem, not a skill problem. The future belongs to organisations who anticipate, adapt and act continuously, while keeping people firmly in control of consequential decisions. The purpose of cybersecurity hasn’t changed. We still protect systems, data, people and critical operations.
BDO Indirect Tax News
The Swiss Federal Council has proposed targeted measures to reduce the administrative tax burden on businesses. Two public consultations were held in June 2026 on proposed measures designed to modernise tax administration, simplify compliance processes and support the country’s continued attractiveness as a business location.
Global Employer Services News
The Dutch tax authorities recently answered five practical questions on the 34-day threshold, which allows certain Dutch-German cross-border employees to work outside their regular work country for a limited number of days without changing taxing rights under the Netherlands-Germany tax treaty.
Global Employer Services News
Comparison of the Former Exemption and the New Policy Features Previous Policy New Policy Core provision Foreign individuals enjoyed a complete exemption from Chinese IIT on dividends and bonuses received from foreign-invested enterprises. The exemption is abolished. Foreign individuals must now pay Chinese IIT on dividend and bonus income from FIEs under the "interest, dividends and bonuses" category.
BDO Transfer Pricing News
Although Vietnam’s transfer pricing framework remains broadly unchanged, Decree 255 introduces several important updates. These include changes to the related party definition, relaxed conditions to qualify for an exemption from transfer pricing documentation, expanded benchmarking database rules, and clarification of the country-by-country reporting (CbCR) requirements and circumstances that may trigger transfer pricing adjustments. The key changes are summarised below.
BDO Transfer Pricing News
In a noteworthy decision issued 22 July 2026, the Luxembourg Administrative Court provided welcome guidance on the application of the arm’s length principle where a related party borrower’s financial condition has materially deteriorated after a financing arrangement is put in place.
Global Employer Services News
For employers managing international assignments, business travellers and multistate workers, the proposed changes would have practical implications well beyond administrative formalities. The reforms seek to strengthen enforcement, enhance legal certainty, combat fraud and increase digitalisation, while preserving the fundamental principle that a person should be subject to the social security legislation of only one EU member state at a time.
Global Employer Services News
For multinational employers with Belgian employees, the ruling means parent company equity awards may require closer social security review, even if the Belgian employer is not the formal grantor or cost bearer. Background As discussed in an The Supreme (Court of Cassation) issued an important decision on 29 June 2026 regarding the Belgian social security treatment of restricted stock units (RSUs) granted by a foreign parent company to employees of Belgian group companies.
BDO Transfer Pricing News
Malta’s transfer pricing rules apply to financial years beginning on or after 1 January 2024 and generally capture arrangements between associated enterprises that were entered into or “materially altered” on or after that date. For arrangements entered into before 1 January 2024 that have not been materially altered, the transfer pricing rules apply from basis years commencing on or after 1 January 2027 (for prior coverage, see the article in the December 2025 issue of Transfer Pricing News).
BDO Indirect Tax News
Italy has introduced important changes to the VAT deduction framework through Article 12 of the Omnibus Amending Decree (Legislative Decree of 7 August 2026, No. 148). The measures, published in the Official Gazette No. 185 of 11 August 2026 and effective as from the following day, extend the time available to deduct input VAT and align invoice-recording deadlines with the expanded deduction period.
Auditor Proud Day 2026
Listening to the voice of our leaders in Europe, Middle East & Africa On 24 September 2026, we celebrate our auditors across the globe and recognise the vital role they play in both strengthening both our network and our profession. This year, we will highlight the strength of our global Audit community and the expertise, integrity and dedication our people bring to clients, colleagues and communities, every day.
ISRB 2026/06 30 June 2026 Sustainability Reporting Jurisdictional Update
ISRB 2026/06 30 June 2026 Sustainability Reporting Jurisdictional Update BDO has released International Sustainability Reporting (ISR) Bulletin 2026/06 30 June 2026 Sustainability Reporting Jurisdictional Update, which includes information on developments in various jurisdictions including the European Union and the US. This ISR Bulletin also contains summaries of major events in sustainability reporting in jurisdictional sustainability reporting around the world.
IFRB 2026/05 IFRS 18 - practical effects on the statement of cash flows
IFRB 2026/05 IFRS 18 - practical effects on the statement of cash flows IFR Bulletin 2026/05 explores the often-overlooked impact of IFRS 18 on the statement of cash flows. While IFRS 18 is best known for changes to the statement of profit or loss, consequential amendments to IAS 7 may significantly affect cash flow presentation, classification and preparation, including operating cash flow reconciliations and the treatment of interest and dividends.
BDO Legal Guide to Foreign Investment in Latin America
Entering new markets in Latin America brings opportunity, but also complexity. Foreign investment continues to play a key role in the growth of the region, yet the regulatory landscape remains highly fragmented. Each country applies its own rules and processes, and in many cases, requirements continue to evolve, leaving organisations with limited clarity on how to approach investment decisions across the region.
BDO Transfer Pricing News
South Africa’s National Treasury and the South African Revenue Service have held a public consultation on the 2026 Draft Taxation Laws Amendment Bill (TLAB) and the 2026 Draft Tax Administration Laws Amendment Bill (TALAB), and the related draft explanatory memoranda.
Global Employer Services News
For finance leaders, controllers and in-house tax teams, the 2026/27 employment tax landscape is not simply one of updating payroll rates. It is a year in which cost changes and control failures can quickly flow through to margin, forecasting, cash management and HMRC intervention risk.
From intent to impact: BDO Sustainability survey 2026
Sustainability is no longer a question of awareness or ambition. For many organisations, the challenge now is turning sustainability commitments into measurable business outcomes. Drawing on insights from 251 sustainability professionals and C-suite leaders across 41 countries, BDO's Sustainability Survey 2026 explores how organisations are progressing on their sustainability journeys, the priorities shaping decision-making, and the barriers preventing faster progress.
Global Employer Services News
Belgium is implementing a multi-year tax reform, with the latest measures included in the Law of 15 July 2026, published in the official gazette on 29 July. The reform primarily targets individuals by lowering employment tax burdens, increasing tax-free thresholds and adjusting incentives. However, some provisions also affect companies. The over-arching goals are to make work more attractive, simplify parts of the tax system and phase out certain long-standing tax advantages.
BDO Corporate Tax News
The Swiss Parliament has approved an extension of the tax loss carryforward period from seven to 10 years. The 100-day referendum period expired on 17 April 2026, meaning there will be no public vote on the change and the measures are definitively adopted. The Federal Council will set the effective date at a later stage, but the amendment is expected to enter into force no later than 1 January 2028.
Auditor Proud Day 2026
Listening to the voice of our leaders in Asia Pacific On 24 September 2026, we celebrate our auditors across the globe and recognise the vital role they play in both strengthening both our network and our profession. This year, we will highlight the strength of our global Audit community and the expertise, integrity and dedication our people bring to clients, colleagues and communities, every day.
BDO Corporate Tax News
On 16 July 2026, representatives of BDO Germany participated in a meeting with the German Federal Central Tax Office (FCTO) to discuss, inter alia, the treatment of US disregarded entity (DRE) structures and the implications for German dividend withholding tax relief. The FCTO indicated that it is still reviewing these matters (for prior coverage, see the article in the May 2026 issue of Corporate Tax News).
Global Employer Services News
On 18 July 2026, the Belgian Council of Ministers approved a preliminary draft bill introducing corrective remedial measures to align Belgium’s municipal surcharge rules with EU law. The action follows the March decision of the Court of Justice of the European Union (CJEU), which found that the current regime, in some cases, unjustifiably discriminates against nonresident taxpayers (for prior coverage, see the article in the April 2026 issue of Global Employer Services News).
BDO Corporate Tax News
These changes are more than a technical filing update. They introduce new compliance obligations, revised filing requirements, new deadlines and penalties for noncompliance. The rules heighten the importance of maintaining accurate beneficial ownership information, requiring entities to look beyond the register of members to identify individuals who exercise control through other means and to ensure that statutory forms capture the expanded information now required.
Interim IFRS Accounting Standards Illustrative Financial Statements (June 2026)
Interim IFRS Accounting Standards Illustrative Financial Statements (June 2026) BDO has published its Interim Illustrative IFRS Financial Statements for the half-year ended 30 June 2026. These illustrative financial statements were prepared from the perspective of an early adopter of IFRS 18 Presentation and Disclosure in Financial Statements.
IFRB 2026/04 Hyperinflationary Economies Update - H1 2026
IAS 29 Financial Reporting in Hyperinflationary Economies applies when an entity’s functional currency is ‘hyperinflationary’. IAS 29 requires the financial statements (including any comparative periods) to be stated in terms of the measuring unit current at the end of the applicable reporting period.
BDO Interamericas in Venezuela
Strategy, experience and innovation for a new productive era In a rapidly changing environment, BDO’s Venezuela office—part of BDO Interamericas—serves as a strategic partner that helps organisations chart a course toward sustained growth. We understand the challenges and opportunities facing the country and design tailored solutions to address them. Currently, various industries are exploring new paths to ensure the viability of their businesses.
BDO Corporate Tax News
The UAE Federal Tax Authority (FTA) has issued Public Clarification CTP010, providing guidance on the interpretation of the terms “director” and “officer” for purposes of the connected person provisions under Article 36 of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law).
BDO Transfer Pricing News
In a decision issued on 7 May 2026, Italy’s Supreme Court rejected the Revenue Agency’s attempt to impose guarantee fee adjustments on an Italian subsidiary that provided real security to support financing obtained by its parent company. Although no fee was charged, the court held that a free intragroup guarantee is not automatically inconsistent with the arm’s length principle.
Global Employer Services News
The UK Home Office has released updated draft guidance on right to work checks, with changes expected to take effect from 1 October 2026 (click here for the draft code of practice). For employers, the central development is that the right to work regime will extend beyond traditional employment relationships.
BDO Corporate Tax News
The German Federal Fiscal Court (BFH) has upheld a lower court ruling that significant benefits US shareholders of S corporations with German subsidiaries. Under the Germany-US tax treaty, these shareholders may be entitled to a full refund of German withholding tax on dividends—confirming access to the 5% or 0% treaty rate, rather than the 15% rate applicable to individuals.
IFRB 2026/03 IFRS 18 - the clock is ticking: practical effects on financial reporting
IFRB 2026/03 IFRS 18 - the clock is ticking: practical effects on financial reporting BDO has published IFRB 2026/03 IFRS 18 – The clock is ticking: practical effects on financial reporting. IFRS 18 Presentation and Disclosure in Financial Statements, whichsupersedes IAS 1 Presentation of Financial Statements, is effective for annual reporting periods beginning on or after 1 January 2027.
BDO Corporate Tax News
Panama has introduced economic substance requirements for entities that are part of multinational groups and that earn designated types of foreign-source passive income.
Global Employer Services News
In addition, the government has introduced three special transition initiatives—Employees’ Enrolment Campaign, 2026, VISHWAS, 2026 and AMNESTY, 2026—to support the regularisation of compliance and dispute resolution. This article overviews the key changes and their implications for employers.
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