Singapore gazettes Finance Act 2026 with corporate tax relief, Pillar Two changes

Sweden’s government has issued five ordinances fixing the tax rates that will apply from 1 January 2027 on waste, electricity, natural gravel, nicotine products and certain electronic goods.

Italy's Revenue Agency has ruled that the customs classification assigned to a product determines whether it qualifies for reduced VAT, allowing 10% for one food supplement and 4% for chicken manure fertiliser, but not for creatine monohydrate.

Bolivia’s National Tax Service (SIN) has introduced new rules for tax audits, documentation deadlines, presumed assessments, and penalty reductions, including up to 100% relief for taxpayers who settle their tax debts within 20 days of receiving a preliminary assessment.

Brazil plans to let businesses defer payment of the federal Goods and Services Tax (CBS) until the following month or pay based on estimated liabilities under a proposed bill. The measure aims to address concerns over tax credits and the split payment system ahead of the tax’s introduction in January 2027.

The Netherlands has enacted the Tax Omnibus Bill 2027, introducing changes to R&D tax relief, Pillar Two tax credits, bankruptcy debt forgiveness, motor vehicle tax and pension rules. The law generally takes effect on 1 January 2027, with some provisions applying retroactively or taking effect in 2028.

Taiwan's Central Area National Taxation Bureau has urged profit-seeking enterprises that have not paid, or have underpaid, their 2026 provisional income tax to settle the amount between 16 and 30 November through any of several payment channels.