France considers 2027 Finance Bill with CIT surcharge, green tax measures

The French government has submitted the Social Security Finance Bill for 2027 to the National Assembly, targeting a deficit of EUR 12.7 billion, down from EUR 21.8 billion in 2026.

AADE and the Ministry of National Economy and Finance have moved the start of mandatory electronic invoicing for businesses with turnover below EUR 1,000,000 to 2 November 2026, and have also postponed the deadlines for Phase B of the digital monitoring of stock movements.

China’s State Taxation Administration has issued new nationwide benchmarks for discretionary tax administrative penalties, standardising penalty application and strengthening taxpayer procedural protections from 1 November 2026.

Poland has enacted a 60% windfall tax on excess revenues of oil and gas companies, with the proceeds intended to offset fuel price measures and support lower petrol station prices from November 2026.

Malaysia has joined the GIR MCAA, becoming the 40th signatory to the OECD agreement aimed at simplifying GloBE Information Return compliance for multinational enterprise groups through centralised filing.

Brazil’s RFB has amended the CSLL rules to introduce a substance-based tax incentive simplification rule and extend the transitional simplification regime under the OECD Inclusive Framework’s global minimum tax framework.