Sweden submits Pillar Two bill with new safe harbours to Parliament

Germany’s Federal Cabinet approved a draft proposal for a sugar-sweetened beverage tax on 14 October 2026, with the measure set to take effect on 1 July 2027, subject to parliamentary approval. The tax was expected to generate additional federal revenue to help stabilise statutory health insurance contributions.

Taiwan’s National Taxation Bureau of the Northern Area reminded profit-seeking enterprises to report overseas investment income in their annual tax returns, warning that omissions could result in additional tax liabilities and penalties.

Austria has amended its Federal Fiscal Code to let businesses meet receipt obligations for cash payments by giving customers electronic access on site, with a paper receipt still required on request.

Malaysia’s Inland Revenue Board has revised its guidelines on the tax treatment of foreign capital gains remitted to Malaysia, clarifying exemptions available through 2030, economic substance requirements, foreign tax credit relief, and mandatory reporting and record-keeping obligations for resident entities.

Guatemala has temporarily exempted specified fuels from petroleum distribution tax and VAT from 1 October to 31 December 2026, requiring distributors to pass the full tax savings on to consumers. The rules also suspend certain card transaction withholdings and establish inventory, invoicing, and compliance requirements.

Lithuania’s tax authority has updated its guidance on personal income tax for individual and agricultural activities, clarifying tax credit calculations, effective tax rates, income thresholds and the treatment of farming-related asset transactions from the 2026 tax year.