KPMG’s Week in Tax for 14-18 September 2026 provides a comprehensive roundup of global tax developments. Key highlights include the OECD’s release of new Pillar Two Administrative Guidance, the European Commission’s proposed directive on business taxation (BEFIT) updates, US Treasury regulations on foreign tax credits under Section 901, and significant court decisions in Germany, India, and Australia. The edition also covers digital services tax developments in Canada and the UK, transfer pricing audit trends in Brazil, and VAT changes in the GCC. This weekly briefing is essential for multinational tax directors monitoring cross-border compliance obligations.
Key Takeaways
- Pillar Two Implementation Accelerates: New OECD guidance clarifies GloBE Return filing, safe harbour calculations, and qualified domestic minimum top-up tax qualification.
- US Foreign Tax Credit Regulations: Final Section 901 regulations narrow creditability for digital services taxes and impose stricter attribution rules.
- EU BEFIT Progress: The Commission’s updated timeline targets 2028 adoption, with mandatory consolidation for large groups and optional for SMEs.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement