Finland proposes reduced corporate tax rate in 2027 budget

Greece has opened a public consultation on draft legislation proposing new foreign direct investment incentives, including an income tax exemption for eligible investment projects of up to EUR 50 million, with the consultation closing on 16 September 2026.

Germany’s Federal Cabinet has approved the draft Income Tax Reform Act 2027, proposing higher personal allowances, child-related tax relief and employee deductions from 1 January 2027, alongside a new 47% top tax rate for high-income earners. The package would also reduce selected household tax reliefs and change trade tax allocation for qualifying data centres.

Greece has extended tax payment deadlines and suspended collection of overdue tax debts for businesses and professionals in Lesvos affected by the Foot-and-Mouth Disease outbreak and related veterinary measures.

Poland’s Ministry of Finance has proposed extending the temporary exemption from the withholding tax “pay & refund” mechanism for technical payers and financial intermediaries until 31 December 2028, citing implementation challenges and the need to align with the EU FASTER Directive.

Bolivia’s National Tax Service has extended the deadline for certain instalment payments under the Payment Facilities program to 15 September 2026, allowing taxpayers additional time to settle August instalments and eligible outstanding balances without penalties following the implementation of a new digital payment mechanism.

Canada has extended the temporary suspension of federal fuel excise taxes through 31 January 2027, with rates set to return to 50% of their normal levels from February to March before full restoration in April, as the government seeks to ease fuel costs for households and key industries amid global economic pressures.