US: Trump Administration threatens 100% tariffs on EU digital tax plans

Chile's tax authority rules that carbon credits bought to cover a company's own emissions count as a deductible expense, but credits bought for resale must be booked as intangible assets and written off only when sold. 

China will eliminate vehicle and vessel tax exemptions for pure electric, plug-in hybrid, and fuel cell commercial vehicles from 1 January 2027.  

Italy has enacted a consolidated Income Tax Code that brings existing income tax legislation into a single legal text, reorganising the rules and repealing obsolete provisions ahead of its entry into force on 1 January 2027.

IRAS has clarified that a Singapore-incorporated non-pure equity-holding entity qualified as an excluded entity under Section 10L of the Income Tax Act 1947 after meeting the required economic substance criteria, confirming that gains from a planned foreign asset disposal received in Singapore will not be subject to tax for the specified assessment years.

Canada's Department of Finance has launched pre-budget consultations ahead of Budget 2026, inviting Canadians to submit views on spending and policy priorities until 8 September 2026 to help shape the government's fiscal agenda.

Nigeria's Joint Revenue Board sets a 1% turnover tax and 2% capital gains levy for informal businesses under rules effective 1 January 2026, exempting nano businesses earning NGN 12 million or less.