Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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July 2026 sales tax due dates
This article from TaxJar outlines the sales tax filing and payment due dates for July 2026 across various US states and jurisdictions. It serves as a compliance calendar for businesses required to remit sales tax, highlighting key deadlines that fall throughout the month. Different states have varying filing frequencies—monthly, quarterly, or annually—meaning due dates differ depending on a business's reporting period and nexus obligations. Tax professionals and businesses with multi-state sales tax obligations should use this guide to ensure timely filings and avoid penalties, interest, and potential audits from state tax authorities for the July 2026 reporting period.
VAT in real time: Key takeaways from the 8th Annual VAT Management Summit
The 8th Annual VAT Management Summit highlighted critical developments in real-time VAT reporting and digital compliance. Key themes included the accelerating global shift toward continuous transaction controls (CTCs), e-invoicing mandates, and tax authority demands for greater data granularity. Discussions emphasized the operational challenges businesses face integrating real-time reporting into ERP systems, managing cross-border VAT complexity, and adapting to fragmented national implementations. Speakers stressed the importance of data quality, technology investment, and proactive engagement with evolving regulatory frameworks. The summit underscored that VAT compliance is increasingly a technology and data management challenge requiring collaboration between finance, IT, and tax functions.
Chile: Simplified VAT regime extended to foreign online gambling platforms
Chile has extended its simplified VAT registration regime to cover foreign online gambling platforms, requiring non-resident operators to register, collect, and remit VAT on services provided to Chilean consumers. This move aligns with Chile's broader strategy to capture tax revenues from cross-border digital services supplied by foreign entities without a local presence. Under the simplified regime, foreign providers can register without appointing a local fiscal representative, streamlining compliance obligations. The extension reflects growing recognition that online gambling constitutes a taxable digital service, ensuring competitive neutrality between domestic and foreign operators while broadening the Chilean tax base in the rapidly expanding online gaming sector.
UK Proposal to Exempt Overtime from Income Tax Sounds Appealing but Is Highly Flawed
A UK proposal to exempt overtime pay from income tax has gained political traction but faces significant structural criticism. While appealing on the surface as a reward for extra work, the Tax Foundation highlights several flaws: it would complicate payroll administration, create arbitrary distinctions between salaried and hourly workers, and could incentivise employers to restructure compensation to exploit the exemption. The policy may also disproportionately benefit higher earners who have more opportunity to work overtime. Critics argue that broader income tax rate reductions would be a more efficient and equitable approach to reducing the tax burden on labour income in the UK.
Portugal: DAC8 and DAC9 transposition enacted
Portugal has enacted legislation transposing DAC8 and DAC9 into national law. DAC8 extends automatic exchange of information obligations to crypto-asset service providers, requiring reporting of transactions by EU residents to tax authorities, aligning Portugal with the OECD's Crypto-Asset Reporting Framework (CARF). DAC9 implements the EU's Pillar Two global minimum tax information exchange mechanisms, enabling member states to share GloBE (Global Anti-Base Erosion) information returns between tax administrations. These transpositions strengthen Portugal's compliance with EU tax transparency directives, enhancing cross-border cooperation and ensuring multinational enterprises and crypto-asset operators meet their reporting obligations under the evolving international tax framework.
EU: EUR 3 customs duty introduced for low-value imports from 1 July 2026
The European Union is set to introduce a EUR 3 customs duty on low-value imports valued below EUR 150, effective 1 July 2026. This measure targets the surge in e-commerce parcels, particularly from Asian marketplaces such as Temu and Shein, which currently benefit from the low-value consignment exemption. The reform aims to level the playing field for EU-based retailers and address customs fraud concerns. The flat-fee duty will apply per parcel and complements existing VAT obligations on low-value imports introduced under the 2021 OSS/IOSS reforms. Customs authorities will need to manage significantly increased declaration volumes as a result of this change.
Italy: Court rules DST not applicable to direct online sales
An Italian court has ruled that Italy's Digital Services Tax (DST) does not apply to direct online sales, providing important clarification for businesses operating e-commerce platforms in Italy. The ruling distinguishes between digital intermediation services—where the DST is applicable—and direct online sales of goods or services, which fall outside the tax's scope. This decision is significant for multinational companies conducting direct-to-consumer online transactions in Italy, potentially reducing their DST exposure. Tax professionals advising clients with Italian digital operations should review their DST compliance positions in light of this judicial guidance, particularly regarding how revenue streams are classified under the Italian DST framework.
Colorado Enacts Broad Tax Code Changes
Colorado has enacted comprehensive tax code changes affecting multiple areas of state taxation. The legislation introduces broad reforms across various tax provisions, impacting both individuals and businesses operating in the state. Key changes include modifications to income tax rules, credits, and deductions applicable to Colorado taxpayers. The reforms reflect the state's effort to modernize its tax framework and align certain provisions with federal tax law changes. Tax professionals advising clients with Colorado nexus should review the updated provisions carefully, as the changes may significantly affect tax planning strategies, compliance obligations, and filing requirements for both corporate and individual taxpayers in the state.
Multistate Tax Trends: SALT Litigator Jennifer Karpchuk on Market-Based Sourcing Frictions, Digital Ad Taxes, and Multi-Jurisdictional Audit Risks
SALT litigator Jennifer Karpchuk discusses key multistate tax challenges facing businesses operating across U.S. jurisdictions. The article covers market-based sourcing frictions, where states diverge on how to apportion service revenues, creating compliance complexity and audit exposure. Karpchuk highlights the evolving digital advertising tax landscape, particularly Maryland's contested framework and similar proposals emerging in other states. Multi-jurisdictional audit risks are examined, with increased state revenue department coordination amplifying exposure for businesses. The discussion is particularly relevant for tax professionals advising clients with multistate operations, emphasizing the need for proactive nexus analysis, apportionment planning, and litigation readiness as states aggressively pursue revenue across digital and traditional business models.
Romania: RO e-Invoice rules updated for B2C transactions
Romania has updated its RO e-Invoice system rules specifically addressing Business-to-Consumer (B2C) transactions. The changes expand the mandatory electronic invoicing framework, which was initially focused on B2B transactions, to include consumer-facing sales. Romanian authorities are progressively rolling out the RO e-Invoice system as part of efforts to reduce VAT fraud and improve tax compliance. Businesses operating in Romania must adapt their invoicing systems to comply with the updated technical and procedural requirements. Tax professionals advising clients with Romanian operations should review the new B2C e-invoicing obligations, including submission timelines, technical specifications, and penalties for non-compliance under the updated Romanian fiscal legislation.
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