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KPMG Week in Tax: September 14 – 18, 2026

Recent tax developments from around the globe for the week of September 14 – 18, 2026

september 21, 2026

KPMG Week in Tax—published weekly to provide an overview of tax developments as reported in TaxNewsFlash—includes summaries of select tax-related news followed by a full list of reports (more information can be found at the links provided).

  • United States: The Second Circuit affirmed the Tax Court, holding that partners who exercised managerial control over a partnership did not qualify as “limited partners” for purposes of the section 1402(a)(13) exception from self-employment tax. The court said a limited partner may provide some services to a partnership, provided those activities do not constitute controlling, managing, or running the business. Read TaxNewsFlash
  • United States: The House Ways and Means Committee approved legislation that would reform the taxation of digital assets and separately require verification of electronic filing identification numbers (EFINs) before they may be used for electronic filing. The digital asset taxation bill would align many tax rules with those for stocks and securities, add de minimis exemptions, apply wash-sale and constructive-sale rules, and expand broker reporting requirements. Read TaxNewsFlash
  • Netherlands: The government submitted the 2027 Tax Plan to Parliament, proposing a broad range of tax changes affecting businesses, individuals, employers, investors, and housing corporations. The package includes full incorporation of the OECD Pillar Two side-by-side package, along with proposed changes to corporate and individual income taxes, VAT, wage taxes, real estate transfer tax, and environmental taxes. Read TaxNewsFlash
  • Australia: The ATO issued guidance on changes to the foreign resident capital gains tax regime effective October 1, 2026, including new notification requirements for certain transactions of AU$50 million or more, changes to the principal asset test, and a temporary CGT discount for certain renewable energy assets. The ATO also registered an instrument consolidating existing foreign resident capital gains withholding class variations. Read TaxNewsFlash

United States

  • KPMG report: Proposed regulations on qualified opportunity fund information reporting and certification procedures    
  • KPMG report: Calculating QOZ gain recognition on December 31, 2026
  • Second Circuit: Limited partners subject to self-employment tax because they exerted managerial control over partnership
  • U.S. Tax Court: Taxpayer’s section 245A dividends received deduction limited under section 246(c)(1) to dividends on shares directly held by the taxpayer

Read TaxNewsFlash-United States

  • House passes four bills aimed at providing tax relief and improving tax administration
  • House passes Russia and Iran Sanctions Bill, which includes tariff authority
  • House Ways and Means Committee approves digital asset taxation and EFIN verification bills; JCT descriptions
  • President Trump signs into law Doug LaMalfa Federal Disaster Tax Relief Certainty Act

Read TaxNewsFlash-Legislative Updates

Transfer Pricing

  • Germany: Increased rate for late payment interest rate on retroactive assessments effective January 1, 2027; other transfer pricing insights
  • KPMG article: International controlled transactions schedule (ICTS) and UK transfer pricing
  • KPMG report: New guidance on global minimum tax framework
  • Netherlands: 2027 Tax Plan submitted to Parliament, includes full incorporation of Pillar Two side-by-side package
  • OECD: Albania deposits instrument of ratification for multilateral convention implementing Pillar Two subject to tax rule (STTR)

Read TaxNewsFlash-Transfer Pricing

FATCA / CRS / CARF

  • Argentina: Amendments to CRS regulations
  • Barbados: Further extension of FATCA and CRS reporting deadline
  • Luxembourg: Updated CRS FAQs; pre-validation environment for CRS XSD schema v3.0
  • Luxembourg: Updated CRS guidance and XSD Schema v3.0 migration timeline
  • United States: IDES testing session coming soon for foreign filer TCC account users
  • United States: IRS updates “public key” for FATCA filing

Read TaxNewsFlash-FATCA / CRS / CARF

Trade & Customs

  • EU updates dual-use export control list
  • U.S. BIS renews denial of export privileges for three Russian airlines
  • U.S. State Department revises USML controls for certain uncrewed underwater vehicles
  • Vietnam: Amendments to customs law enacted

Read TradeNewsFlash-Trade & Customs

Americas

  • Canada: Introduction of new productivity mega deduction
  • Colombia: Special "Works for Taxes" modality established for earthquake reconstruction
  • Mexico: Proposed tax measures in 2027 Economic Package

Read TaxNewsFlash-Americas

Asia Pacific

  • Australia: Consultation on draft legislation introducing 2026-27 budget tax reform measures, including R&D tax incentive simplification
  • Australia: Guide on changes to foreign resident capital gain tax
  • Australia: Legislation amending foreign resident capital gain tax, merger control regimes receives Royal Assent; bill establishing definition of “affordable housing” introduced to Parliament
  • Kazakhstan: Proposed tax measures for foreign e-commerce and electronic service providers

Read TaxNewsFlash-Asia Pacific

Europe

  • Germany: Increased rate for late payment interest rate on retroactive assessments effective January 1, 2027; other transfer pricing insights
  • KPMG article: International controlled transactions schedule (ICTS) and UK transfer pricing
  • Netherlands: 2027 Tax Plan submitted to Parliament, includes full incorporation of Pillar Two side-by-side package
  • Netherlands: Mandatory e-invoicing and digital reporting proposed for B2B transactions
  • Netherlands: Unrealized losses may be forfeited following a change in shareholders (Supreme Court decision)
  • OECD: Albania deposits instrument of ratification for multilateral convention implementing Pillar Two subject to tax rule (STTR)
  • Poland: Debit note does not allow VAT deduction after limitation period expires (Supreme Administrative Court decision); other tax developments
  • Serbia: Amendments to law on electronic delivery notes
  • Serbia: Amendments to laws on greenhouse gas emissions tax and carbon-intensive goods import tax
  • Serbia: Amendments to VAT law adopted by Parliament

Read TaxNewsFlash-Europe

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