Finland proposes corporate tax cuts in draft 2027 budget

Luxembourg has proposed legislation to extend mandatory electronic invoicing to domestic business-to-business transactions from 2028, aligning its VAT framework with the European Union's VAT in the Digital Age (ViDA) reforms and preparing businesses for EU-wide digital reporting requirements from 2030.

Taiwan's Ministry of Finance has issued an interpretative order requiring peer-to-peer (P2P) lending platform operators that manage loan fund transfers to handle withholding tax obligations on interest payments to lenders from 6 August 2026.

Colombia has issued Decree No. 0898 of 29 July 2026, setting the presumed interest rate for loans between companies and their partners or shareholders at 9.09% for the 2026 tax year and updating inflation-related tax calculations applicable to the 2025 tax year.

The Nigeria Revenue Service issued Information Circular No. 2026/21 on 31 July 2026, establishing mandatory tax treatment for cryptocurrencies, stablecoins, and NFTs, with a 7.5% VAT on services, 1.5% stamp duty on token conversions, and income tax on disposal gains and rewards.

Panama has announced plans to replace its e-Tax system with a new digital platform after uncovering a years-long tax fraud scheme within the General Directorate of Revenue, introducing end-to-end traceability and automated controls to strengthen transparency and prevent future abuse.

Kenya has activated the tax amnesty functionality in its iTax system, allowing eligible taxpayers to obtain relief from penalties, interest and fines on tax liabilities for periods up to 31 December 2025 until the amnesty expires on 31 December 2026.