Australia: ATO highlights areas of concern in R&D tax incentive claims
The Australian Taxation Office (ATO) has issued a notice to advisers and taxpayers on 14 May 2026 outlining its key areas of concern regarding research and development (R&D) tax incentive claims. The ATO has also updated its guidance on ensuring
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Brazil scraps tax on small e-commerce imports
Brazil’s President Luiz Inácio Lula da Silva signed a provisional presidential decree on Tuesday 12 May 2026 eliminating the federal tax on imports worth less than USD 50, reversing a levy that had been widely criticised. The presidential
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Taiwan clarifies 2026 income basic tax exemption threshold for profit-seeking enterprises
Taiwan's Dongshan Office, National Taxation Bureau of the Central Area, Ministry of Finance, states that according to the Ministry of Finance's announcement No. 11404664830 issued on 19 November 2025, for the fiscal year 2026, Profit-seeking
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Vietnam raises tax-exempt threshold for household businesses to VND 1 billion
Vietnam’s Government has issued Decree No. 141/2026/ND-CP on 29 April 2026, introducing amendments and supplements to Decree No. 68/2026/ND-CP on tax policies for household and individual businesses and Decree No. 320/2025/ND-CP guiding the
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Turkey: Economic reform package expands tax incentives for investors, exporters
Turkish President Recep Tayyip Erdoğan announced, on 24 April 2026 during the “Powerhouse for Investments in the Turkey Century” programme, a comprehensive economic reform package in Istanbul aimed at strengthening the investment environment,
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Brazil to regulate critical minerals without tax incentives
Brazil plans to regulate its critical minerals sector without offering new tax breaks, Finance Minister Dario Durigan announced on Friday, 24 April 2026, emphasising the country's focus on national sovereignty and domestic value addition. Durigan
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France introduces ‘innovative young enterprises’ category, extends tax exemptions to 2028
The French Tax Administration announced, on 15 April 2026, new provisions establishing a distinct category of innovative young enterprises and extending critical tax relief measures through 2028, following the enactment of Law No. 2026-103 of 19
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Singapore expands YA 2026 CIT rebate amid Middle East energy shock
The Inland Revenue Authority of Singapore has introduced measures on Corporate Income Tax (CIT) rates, rebates, and tax exemption schemes, clarifying enhancements to the CIT Rebate and the CIT Rebate Cash Grant for the Year of Assessment (YA)
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Bulgaria: MoF consults corporate sports donation incentives
Bulgaria’s Ministry of Finance (MoF) has launched a public consultation, on 2 April 2026, on a draft law amending the Corporate Income Tax Act (CITA) to enhance tax incentives for corporate donations supporting the sports sector. The proposed
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Oman establishes international financial centre with competitive tax incentives
The Sultanate of Oman issued Royal Decree No. 8/2026 on 12 January 2026, establishing the International Financial Centre of Oman (IFC Oman). Effective 13 January 2026 upon its publication in the Official Gazette, IFC Oman will operate with legal
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Taiwan: Tax Bureau clarifies business tax exemption for fresh produce sellers
Taiwan’s Northern District National Taxation Bureau of the Ministry of Finance clarified that businesses exclusively engaged in the sale of unprocessed fresh agricultural, forestry, fishery, and livestock products, including by-products, are
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UN Tax Committee Discusses Environmental Taxation
On 25 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for environmental taxation. The subcommittee on environmental tax presented its planned workstreams for comment and approval. The
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Canada launches consultations to strengthen automotive remission framework
Canada’s Department of Finance, in a news release on 27 February 2026, announced that it launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivising companies to produce and invest in
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Romania: Emergency Ordinance targets R&D, green tech, strategic investments
Romania has published Emergency Ordinance No. 8 of 24 February 2026 in the Official Gazette, which introduced a comprehensive package of fiscal and investment measures aimed at supporting economic recovery. Emergency Ordinance no. 8/2026
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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'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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