South Africa proposes SEZ transfer pricing reforms, corporate tax changes in Medium-Term Budget Policy
South Africa’s National Treasury has delivered the Medium-Term Budget Policy Statement (MTBPS) to Parliament on 21 October 2026. This package comprises three key amendment bills designed to implement the government's tax policy, monetary
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IMF: Fiscal Drivers of FDI in Low Income Countries
On 13 October 2026, at the IMF annual meetings, a presentation by Isabel Duarte of the IMF Fiscal Department looked at Fiscal Drivers of FDI in Low Income Countries. Duarte noted that only around 1% of global foreign direct investment (FDI) flowed
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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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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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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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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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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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Rwanda extends corporate tax holiday for microfinance institutions by five years
Rwanda has published Ministerial Order No. 008/26/10/TC of 24 September 2026, establishing the statutory conditions under which approved deposit-taking microfinance institutions (MFIs) can extend their 0% corporate income tax (CIT) rate. The order
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Czech Parliament opposes key elements of EU Taxation Omnibus proposal
The Committee on European Affairs of the Czech Chamber of Deputies adopted Resolution No. 106 during its 13th session on 17 September 2026, issuing a formal Reasoned Opinion on the European Commission's proposal for a Taxation Omnibus Directive
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European Parliament calls for Pillar Two reforms, simpler EU corporate tax rules
The European Parliament adopted its resolution on "The EU’s approach to corporate tax policy in a changing international environment" on 6 October 2026. The resolution, built upon the report prepared by the Committee on Economic and Monetary
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Ireland introduces Pillar Two amendments, business incentives in Budget 2027
Ireland’s Department of Finance published Budget 2027 on 6 October 2026. The key tax measures are as follows: Corporation tax administration Budget 2027 introduces changes to preliminary corporation tax rules to provide greater
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Thailand issues rules for digital tax exemption
Thailand’s Revenue Department has issued Notification No. 469 setting the criteria, procedures and conditions for a 100% corporate income tax exemption on qualifying expenditure for computer programs, hardware, smart devices and digital services.
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Brazil: RFB updates CSLL rules with new substance-based tax incentive simplification
The Brazilian Federal Revenue Service (RFB) announced, on 1 October 2026, the publication of Normative Instruction RFB No. 2342 on 15 September 2026. The amendment introduces two main regulatory updates. The first establishes the Globe Simplifying
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Poland: 2027 budget raises corporate and excise taxes, eases middle-income PIT
Poland's Council of Ministers adopted the draft 2027 budget act on 29 September 2026, introducing changes designed to ease the tax burden on middle-income earners while strengthening support for families and pensioners. The new budget allocates
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Poland adopts tax reform with new personal income brackets, higher rates for high earners and large companies
The Polish Council of Ministers adopted a comprehensive tax reform package on 29 September 2026, designed to ease the tax burden on roughly 3.5 million middle-income earners while increasing contributions from high earners and large corporations.
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Colombia introduces temporary tax incentives for earthquake-hit areas
Colombia’s Ministry of Finance and Public Credit and the President issued Decreto No. 1413 of 17 September 2026, introducing temporary tax incentives to encourage private investment in areas affected by the August 10 earthquake. The measures
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Uzbekistan introduces tax incentives for electrical engineering sector
Uzbekistan’s President has signed Resolution No. PP-325 on 12 September 2026, introducing tax and financial incentives to attract major investors and support domestic manufacturers of electrical engineering products. Resolution No. PP-325
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Uzbekistan introduces tax amnesty for SMEs
Uzbekistan has issued Presidential Decree No. PF-175 of 28 August 2026, which provides tax amnesty for small and medium-sized enterprises. The Decree officially establishes a comprehensive "Second Chance" economic amnesty for small and medium-sized
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