Kuwait updates portal for DMTT registration amendments

Lebanon’s Finance Minister had issued a decision setting out procedures for applying inheritance tax exemptions, reductions and rates under Article 45 of the 2026 General Budget Law. The decision had also provided for the recalculation of transfer fees and maintained existing declaration procedures until new electronic applications were developed.

Egypt’s Ministry of Finance had outlined a package of tax, VAT, real estate and customs measures in the 2026/2027 Citizen Budget. The measures had included lower VAT on medical devices, expanded exemptions, investment incentives, faster tax refunds and customs clearance reforms.

The OECD report had outlined operational guidance and recommendations for EU Member States as the Carbon Border Adjustment Mechanism (CBAM) entered its definitive phase in 2026. It had highlighted the roles of National Competent Authorities and Customs Authorities in authorisation, verification, enforcement and anti-circumvention controls.

Serbia has amended its Law on Free Zones to align customs procedures with general customs rules, phase out certain import duty exemptions from 2032, introduce new requirements for handling foreign goods, and significantly increase fines for violations.

The US Court of International Trade has heard arguments over the legality of President Trump’s 10%–12.5% global tariffs on imports from 60 trading partners, with businesses and states challenging the administration’s authority to impose the duties under forced labour provisions.

The Australian Taxation Office has updated general and shortfall interest charge rates for the second quarter of the 2026-27 income year.