Hong Kong opens Pillar Two portal for top-up tax returns, mandates e-filing

27 October, 2026

Part 4AA entities of in-scope MNE groups can now file top-up tax returns and download assessment notices electronically, while paper filing is no longer accepted.

🇨🇭 Switzerland

Switzerland: Federal Council amends minimum tax rules to delay OECD guidance

27 October, 2026

Switzerland’s Federal Council has adopted an amendment to the Ordinance on the Minimum Taxation of Large Corporate Groups, under which OECD administrative guidance on deferred tax assets will apply only from financial years beginning on or after 1 January 2025. The change takes effect on 15 November 2026.

🇨🇾 Cyprus

Cyprus: Tax Department revises transfer pricing simplification return rates from 2026

27 October, 2026

Cyprus has lowered the minimum return on certain related-party financing and raised the maximum borrowing cost on others, with the revised rates applying from the 2026 tax year onwards.

Heavy machinery trade defence and nomenclature restructuring lead UK tariff activity

EU: Agricultural pipeline expansion and metals trade defence drive tariff adjustments

UK overhauls Iran controls, rolls over steel quotas in quarter-end surge

EU unleashes major agri-food trade defence action, hitting Chinese pea protein with heavy duties

🇭🇺 Hungary

Hungary proposes higher levies on big business, tax cuts for low earners in 2027 budget

27 October, 2026

Hungary will raise corporate tax on its largest companies, introduce a wealth tax on billionaires and cut personal income tax for low earners under a draft 2027 budget, Prime Minister...

🇦🇹 Austria

Austria consults Tax Amendment Act 2026 with Pillar Two safe harbours

27 October, 2026

The draft Abgabenänderungsgesetz 2026 would amend 22 federal laws, covering global minimum tax, procedure, VAT, crypto reporting and energy duties.

🇳🇿 New Zealand

New Zealand: IR consults on loss carry-forward rules after ownership breach

27 October, 2026

Inland Revenue is seeking public comment on a draft position that a company can carry forward a tax loss arising in the same income year as an ownership continuity breach, provided the requirements of section IB 3 of the Income Tax Act 2007 are met.

🇩🇪 Germany

Germany seeks funding for electricity tax cuts

26 October, 2026

The federal government says it will lower electricity taxes to the EU minimum only if the lost revenue is made up.

🇹🇼 Taiwan

Taiwan: Businesses may retain loss offset eligibility for minor late tax payments

26 October, 2026

Taiwan’s tax authority has clarified that businesses that file on time but pay slightly late can still offset past losses against profits, provided no late payment surcharge applies.

🇬🇧 UK

UK: HMRC updates VAT guidance on cryptoassets

26 October, 2026

HMRC updated its guidelines for compliance on the VAT treatment of cryptoassets on 21 October 2026, outlining VAT registration requirements, customer information obligations and rules for digital platforms.

🇳🇱 Netherlands

Netherlands updates rules on retroactive effect for non-tax-free business contributions

26 October, 2026

The Netherlands has replaced its 2008 policy on retroactive effect for non-tax-free business contributions, scrapping the registration obligation and the acceptance deadline from 23 October 2026.