US: Trump signs Russia Sanctions Bill into law, India faces tariff risk

Hong Kong’s 2026 Policy Address proposes preferential corporate tax rates for strategic sectors, enhanced incentives for corporate treasury centres and intellectual property investment, and expanded REIT and sector-specific concessions, alongside higher child tax allowances and stamp duty relief for eligible families.

The Netherlands House of Representatives has approved legislation implementing the first phase of the EU VAT in the Digital Age package, expanding One Stop Shop schemes, introducing a new regime for transfers of own goods, and phasing out call-off stock as simplifications.

Ukraine’s National Bank raised the key policy rate from 15.5% to 16.0% per annum from 18 September 2026. The increase raised the tax penalty interest rate, which was linked to 120% of the National Bank rate, from 18.6% to 19.2% per annum.

NBR has expanded its VAT guidance on the profit margin scheme, confirming documentation requirements for businesses selling eligible used goods. 

The Netherlands’ State Secretary for Finance Eerenberg outlined the Cabinet’s planned framework for mandatory electronic invoicing and digital reporting under the EU VAT in the Digital Age (ViDA) package. The framework set implementation deadlines for cross-border and domestic transactions, while also addressing data protection, infrastructure and digital autonomy.

The amendments revise VAT exemptions, mandatory registration periods, deregistration filing deadlines, ex officio returns, and rules for correcting prior-period errors, with most changes applying from 1 January 2027.