IMF Report on Canada Recommends Tax Changes
On 21 January 2026 the IMF issued a report following consultations with Canada under Article IV of the IMF’s articles of agreement. The report notes that Canada is adjusting the significant trade shock caused by US tariff increases and the limited
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Mexico introduces tax incentive for films, AV productions
Mexico has published a decree granting a tax incentive for film and audiovisual production in the Official Gazette on 16 February 2026. The government aims to align its creative industry with international standards, including cash rebates and tax
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Romania: MoF unveils comprehensive economic recovery plan
Romania's Ministry of Finance has published a comprehensive fiscal and investment package on 9 February 2026, designed to accelerate economic recovery and modernise the country's tax framework. Earlier, the Ministry of Finance published a draft
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Germany enacts law to strengthen financial sector, promote private investments
Germany published the Act on the promotion of private investment and the financial sector in the Official Gazette (BGBl. I 33/2026) on 9 February 2026 . The Act aims to strengthen Germany’s financial sector and encourage private investment through
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Malaysia introduces tax incentives under new MITI framework
Malaysia’s Ministry of Investment, Trade and Industry (MITI) announced on 29 January 2026 that the government will implement the new incentive framework (NIF), effective 1 March 2026, commencing with the manufacturing sector, followed by the
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US: California pushes ahead on EV incentives amid federal rollbacks
The US state of California is moving quickly to strengthen vehicle emissions standards and expand electric vehicle (EV) incentives, even as the Trump administration dismantles federal environmental protections. This week, state officials,
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Uruguay updates incentive regimes for housing, construction projects
Uruguay issued Decree No. 353/25 on 15 January 2026, revising and consolidating existing incentive regimes for housing and construction projects. The decree updates provisions previously set out in Decree No. 329/016 of 2016 for housing and
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Ireland enacts Finance Act 2025, enhances R&D tax credits
Ireland has enacted the Finance Act 2025, following its approval by parliament on 23 December 2025, delivering a wide-ranging package of tax measures that include enhanced corporation tax reliefs for construction and the creative industries, an
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Ireland: MOF introduces corporation tax relief for unscripted productions
The Irish Ministry of Finance (MOF) has introduced a new corporation tax relief aimed at supporting the unscripted production sector, marking the first tax incentive in Europe dedicated exclusively to unscripted programming. Tánaiste and
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Japan: MoF unveils FY 2026 tax reform proposals, covers income tax, investment incentives and digital economy measures
Japan’s Ministry of Finance (MoF) has released the highlights of the tax reform proposals for the fiscal year 2026. The key elements of the proposals are outlined below: （１）Income tax reform to address rising prices  Introduce
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Denmark: Parliament approves EV tax relief
Denmark’s Parliament has passed two bills introducing tax measures to support electric vehicles (EVs), taking effect on 1 January 2026. Bill L 79 A delays the increase in registration tax for zero-emission vehicles. The tax-free threshold
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Chile: Congress grants tax incentive to boost green hydrogen, related industries
Chile’s Chamber of Deputies (the lower house of Congress) approved a bill on 3 December 2025 during session No. 98a/373, as noted in Bulletin No. 17777-05. The legislation, proposed by the Executive Branch, aims to introduce tax incentives to
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Thailand: Cabinet approves tax incentives for energy-saving equipment, solar rooftops
According to a Revenue Department release, the Thai Cabinet approved a draft royal decree on 25 November 2025 that introduces tax incentives for energy-efficient machinery, equipment, and materials, as well as for residential solar rooftop
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Brazil: Congress passes new tax incentives for chemical sector
Brazil’s Federal Senate has approved Bill 892/2025 on 18 November 2025, establishing the Special Sustainability Programme for the Chemical Industry (PRESIQ) and amending the existing Special Regime for the Chemical Industry (REIQ). The bill
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Lithuania: Tax authorities approve long term corporate tax incentives
Lithuania’s tax authorities have published a commentary on 18 November 2025, detailing how legal entities undertaking major manufacturing or data-service investments may qualify for a corporate income tax (PMĮ) exemption lasting up to 20
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Lithuania: Parliamentarians propose corporate tax amendments to boost green investments
Lithuania’s members of the parliament submitted draft amendments to the Corporate Income Tax Law (Project No. XVP-260) on 11 November 2025, aiming to expand investment incentives and extend relief periods until 2030. The draft includes a
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Oman: Tax Authority introduces tax incentives for listed, converting companies
Oman’s Tax Authority announced on the social media platform “X“ new tax incentives targeting businesses that list on the Muscat Stock Exchange or the Promising Companies Market, as well as companies converting from limited liability companies
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Ethiopia: Ministry of Finance proposes tax breaks for SEZs, startups, exporters
Ethiopia’s Ministry of Finance released a draft regulation aimed at updating the country’s investment incentive framework. The draft introduces new tax breaks for exporters, startups, and green-energy projects. Key highlights of the proposed
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