Hungary proposes higher levies on big business, tax cuts for low earners in 2027 budget

The Dominican Republic’s tax authority has reminded large local and medium taxpayers that they must issue only electronic invoices from 1 November 2026, with non-electronic type “B” receipts valid only until 31 October. 

The National Bank of Kazakhstan has lowered its base interest rate by 0.5%, a change that also alters the rate of late payment interest on overdue taxes.

US and Canada are negotiating relief from US duties on Canadian steel and autos, according to six sources, in an effort to mend ties strained since trade talks collapsed in August.

A multinational group that restated its 2023 revenue below EUR 750 million under OIC 34 must still use the originally approved figures to determine whether the Global Minimum Tax applies, the Agenzia delle Entrate has said.

The draft Abgabenänderungsgesetz 2026 would amend 22 federal laws, covering global minimum tax, procedure, VAT, crypto reporting and energy duties.

Inland Revenue is seeking public comment on a draft position that a company can carry forward a tax loss arising in the same income year as an ownership continuity breach, provided the requirements of section IB 3 of the Income Tax Act 2007 are met.