France tables Pillar Two safe harbours, CbC reporting relief
The French government tabled Amendment I-3734 to the 2027 Finance Bill (Projet de loi de finances pour 2027, No. 3210) on 10 October 2026, introducing significant updates to France’s Pillar Two global minimum tax framework. The proposal
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Cyprus: House of Representatives considers Pillar Two amendments to introduce recognised QDMTT
The Cyprus House of Representatives is considering the Ensuring a Global Minimum Level of Taxation of Multinational Enterprise Groups and Large-Scale Domestic Groups in the Union (Amendment) Law of 2026, which was introduced during a plenary session
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US: IRS revises safe harbour guidance for digital asset staking by investment trusts
The US Internal Revenue Service (IRS) issued Revenue Procedure 2026-20, clarifying updated safe harbour guidelines for investment and grantor trusts that engage in digital asset staking. Effective for tax years ending on or after 6 October 2026,
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Singapore updates Pillar Two guidance outlining Side-by-Side package rules
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance page on the Global Anti-Base Erosion (GloBE) Rules and the Domestic Top-up Tax (DTT) to include the substance-based tax Incentive Safe Harbour. The safe harbour belongs to the
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Belgium formalises extension of supplementary national tax return deadlines
Belgium’s tax authority (FPS Finance) announced that it adopted a legislative amendment that postpones the deadline for filing supplementary national tax returns. The Finance and Budget Committee approved the change on 2 October 2026, under
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Kenya enacts minimum top-up tax regulations for multinational enterprises
The National Treasury of Kenya has published the Income Tax (Minimum Top Up Tax) Regulations, 2026 (Legal Notice No. 189), establishing a comprehensive legal framework to enforce a 15% minimum effective tax rate on large multinational corporations
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Montenegro issues Pillar Two GloBE information return rulebook
Montenegro has published a Rulebook in the Official Gazette establishing requirements for submitting the Pillar Two GloBE Information Return (GIR). The Rulebook entered into force on 9 October 2026. Reporting requirements The Ministry of
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Uzbekistan: TIFC launches special tax zone with 50-year incentive programme
Uzbekistan's Constitutional Law on the Tashkent International Financial Centre (TIFC), enacted on 13 July 2026, created a dedicated financial hub with tailored tax and regulatory treatment. The new framework operates under its own legislation rather
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Ecuador: National Assembly approves tax code revisions to clarify appeals, penalties, taxpayer rights
Ecuador’s National Assembly approved an Organic Reform Law to amend the Organic Tax Code on 6 October 2026. The reform aims to address inconsistencies in the existing tax framework, improve legal certainty and clarify procedural requirements
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Malaysia updates small value asset capital allowance rules
Malaysia’s Inland Revenue Board (IRBM) has published Public Ruling No. 4/2026 on 30 September 2026, providing updated guidance on special capital allowances that allow a 100% write-off for small-value assets. Replacing the previous PR No.
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Denmark proposes Pillar Two rules, sweeping tax changes for 2026–2027
Denmark published its Legislative Programme for 2026–2027 on 8 October 2026, setting out 22 legislative bills under the Ministry of Taxation and other proposed legislation covering tax and related matters. The proposals cover the implementation
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Iceland consults proposed reforms to R&D tax incentive framework
Iceland’s Ministry of Finance has launched a public consultation on 7 October 2026 on a draft bill proposing amendments to Law No. 152/2009 on Support for Innovation Companies. The consultation is scheduled to conclude on 21 October
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Germany: MoF proposes new tax treatment for crypto-asset gains
Germany’s Ministry of Finance published a draft bill on 30 September 2026 proposing changes to the taxation of certain crypto-assets held as private assets. The proposed legislation would classify income from qualifying crypto-assets as investment
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Algeria: Finance Bill 2027 proposes stricter digital reporting, new investment incentives
Algeria’s Council of Ministers approved the Finance Bill for 2027 on 4 October 2026, which introduces significant updates to the nation's tax regulations and corporate reporting duties. The bill was presented by the Minister of Finance on 12
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Denmark proposes lower corporate tax rates in 2027 Finance Bill
Denmark’s government has presented its Finance Bill for 2027 on 9 October 2026 to parliament, proposing tax relief measures for individuals and businesses alongside various financing measures. The government plans to allocate DKK 10.1 billion
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Norway: Budget 2027 proposes personal tax relief, higher income thresholds, increased climate taxes
Norway’s newly unveiled 2027 Budget introduces a series of fiscal adjustments designed to foster economic growth, maintain fairness, and encourage employment while providing stability for citizens and enterprises. Key measures include personal
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Malaysia: Budget 2027 proposes MSME incentives, middle-income tax cuts, green investment measures
Malaysia’s Prime Minister and Minister of Finance presented the 2027 budget on 9 October 2026, outlining a strategic fiscal roadmap to drive sustainable economic momentum while easing cost-of-living pressures. Malaysia’s Budget 2027 targets
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EU removes Panama and Vietnam from tax cooperation blacklist
The European Economic and Financial Affairs Council (ECOFIN) decided on 9 October 2026 to remove Panama and Vietnam from the EU list of non-cooperative jurisdictions for tax purposes. Panama had occupied the list since February 2020. The
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