Oman amends Pillar Two law to focus on QDMTT

The UAE has issued Cabinet Decision No. 173 of 2026, setting out the violations and administrative penalties applicable to breaches of the legislation regulating the Electronic Invoicing System.

The Emirates Research and Development Council has opened an online portal where businesses must submit research and development projects for mandatory pre-approval under the UAE R&D tax credit programme.

Ukraine’s State Tax Service has joined the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA), paving the way for cross-border data sharing and a new 10% tax on platform income from 1 January 2027.

Thailand will raise excise tax rates on fully imported battery electric and range-extended electric vehicles to 35% from January 2027 to encourage local vehicle production and protect domestic manufacturers from cheaper imports.

Colombia’s 2026 Economic Rescue Bill proposes corporate income tax reductions, investment incentives, changes to the global minimum tax and VAT rules, higher wealth and excise taxes, and personal income tax reforms to address fiscal deficits and public debt.

Hungary has submitted five tax bills proposing changes to personal and corporate taxation, including a 15% corporate tax rate for large enterprises, a new progressive wealth tax, expanded tax incentives for research and development, and increased family tax relief. The proposals also revise small taxpayer rules, VAT reporting requirements, and tax exemptions for mothers.