Luxembourg proposes lower corporate tax rate in 2027 state budget

The Netherlands House of Representatives has approved the Fiscal Omnibus Act 2027, introducing changes to R&D tax relief, Pillar Two top-up tax credits, bankruptcy debt forgiveness, pension and annuity taxation, owner-occupied housing, and the historic vehicle tax exemption, with most measures taking effect from 1 January 2027. 

The Czech Chamber of Deputies’ Committee on European Affairs has issued a Reasoned Opinion on the EU Taxation Omnibus Directive, citing subsidiarity concerns over the proposed EU-wide R&D tax incentive scheme, opposing wider withholding tax exemptions, and calling for protection of Czech partnerships and stricter limits on the Commission’s delegated powers. 

Brazil’s Supreme Federal Court has ruled that penalties on companies distributing profits, dividends, or bonuses while owing federal taxes may apply only when three cumulative conditions are met, limiting automatic sanctions and protecting distributions during suspended or secured tax disputes.

The European Commission is considering an expanded CORE framework that would impose annual lump-sum taxes on large companies, including major technology firms, as an alternative to a standalone digital services tax. 

IRAS has ruled that gains from the transfer of intellectual property rights between two group companies are capital in nature and not taxable, although a charge applies to rights on which writing down allowances were claimed.

The Trade Remedies Authority has proposed a new anti-dumping measure on imports of rutile titanium dioxide from China to protect UK industry at risk of injury.