China extends US trade truce by two months, tariff suspension and trade restrictions remain

Portugal has published Regional Legislative Decree No. 17/2026/M, lowering personal income tax rates in the Autonomous Region of Madeira for income earned in 2026, with the changes taking effect retroactively from 1 January 2026.

Russia’s State Duma adopted a draft law at first reading on 29 October 2026, proposing changes to corporate income tax, personal income tax, VAT and other tax rules for 2027–2029.

Canada has extended its horizontal remission for US tariffs by one year while removing relief for certain goods produced at home.

Bulgaria’s National Assembly is reviewing the Bill on Amendments and Supplements to the Corporate Income Taxation Law and the Bill on Amendments and Supplements to the Value Added Tax Law, both submitted on 5 November 2026. The bills largely follow the drafts put out for consultation earlier, with a few notable changes. 

The OECD held a public consultation meeting on 9 November 2026 to discuss stakeholder feedback on proposed revisions to Chapter VII of its Transfer Pricing Guidelines, covering the benefit test, service charges, transfer pricing methods and documentation requirements.

China's Ministry of Commerce has extended the two-month suspension of expanded export controls covering rare earth materials, processing equipment, lithium batteries, and graphite products until 10 January 2027.