Portugal proposes lower corporate tax rate and extends tax incentives in 2027 budget

29 October, 2026

Portugal’s parliament approved the government’s 2027 State Budget bill at first reading on 28 October, including a reduction in the corporate income tax rate to 18% and tax relief for individuals. The proposal also extended several tax incentives, maintained sectoral contributions and introduced changes to tax compliance requirements.

🇮🇹 Italy

Italy proposes corporate tax increases in 2027 budget 2027 package

29 October, 2026

Italy’s Council of Ministers approved its 2027 budget draft, introducing higher corporate taxes for banks and insurers, changes to personal income tax brackets, expanded hiring incentives, and tax relief for businesses, workers and homeowners.

🇩🇿 Algeria

Algeria proposes corporate tax, VAT and digital reporting reforms in 2027 Finance Bill

29 October, 2026

Algeria’s Council of Ministers approved the 2027 Finance Bill proposing changes to corporate and personal taxation, VAT exemptions, indirect taxes and mining royalties, alongside new reporting obligations and penalties for non-resident companies and digital platforms, a special VAT collection regime for non-resident digital service providers, and a 10% tax reduction for eligible taxpayers using electronic payments.

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🇬🇧 UK

UK Budget 2026 sets out major corporate, personal and indirect tax reforms

29 October, 2026

The UK government will temporarily lift the banking surcharge to 6%, raise income tax rates on savings and property income from April 2027, and extend relief on fuel duty and...

🇸🇪 Sweden

Sweden: MOF proposes direct Pillar Two top-up tax liability for joint ventures

29 October, 2026

Sweden’s government has proposed making joint ventures and their subsidiaries directly liable for the domestic minimum top-up tax allocated to them, in a move aimed at closing a gap that could expose them to double taxation abroad.

🇱🇹 Lithuania

Lithuania: VMI clarifies withholding tax on income from foreign entities

29 October, 2026

VMI has set out rates, exemptions and filing deadlines for income that foreign entities earn from Lithuanian sources, with new clarity on intermediaries, early dividend exemptions and non-cash payments.

🇦🇹 Austria

Austria consults Pillar Two safe harbours, tax law amendments

29 October, 2026

Austria's draft Abgabenänderungsgesetz 2026 introduces Pillar Two safe harbours, higher VAT duty-free allowances, new document fees and tighter compliance monitoring for large enterprises.

🇨🇦 Canada

Bank of Canada raises policy key rate, signals more hikes may follow

29 October, 2026

The Bank of Canada has raised its key policy rate by 0.25 percentage points to 2.5%, its first increase since July 2023, as rising energy costs push inflation higher and prompt an upward revision to its 2027 inflation forecast.

🇺🇸 US

US: Trump finds robot imports a security risk but holds off on tariffs

29 October, 2026

The US has identified imports of robotics and industrial machinery as a national security risk but has not imposed tariffs, instead directing officials to negotiate with trading partners and report on progress within 180 days.

🇰🇪 Kenya

Kenya introduces new withholding tax rules

29 October, 2026

Kenya’s Income Tax (Withholding Tax) Rules 2026 establish procedures for tax deduction, filing, remittance and dispute resolution, alongside enforcement measures for non-compliance.