Vietnam: National Assembly passes two-year income tax relief for individuals, enterprises
Vietnam's National Assembly has adopted a resolution cutting personal income tax and corporate income tax by 30% for eligible individuals and enterprises during the 2026 and 2027 tax periods. The 16th National Assembly passed Resolution No.
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Austria extends temporary fuel tax relief
Austria’s Federal Minister of Economy, Energy and Tourism announced on 31 August 2026 that the temporary reduction of the mineral oil tax on petrol and diesel fuel will be extended until 30 September 2026. The mineral oil tax will remain
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Angola introduces new beneficial ownership reporting regime
Angola published Law No. 7/26 in the Official Gazette on 19 August 2026, introducing a new beneficial ownership information reporting regime. The legislation mandates the creation of a Central Register of Beneficial Ownership (CRBE) to enhance
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Italy confirms tax exemption for business transferees after failed restructuring
The Italian Revenue Agency clarified on 1 September 2026 that a business transferee retains full tax exemption even after a restructuring agreement fails due to the transferor's breach of contract. The ruling, contained in Legal Advice No. 9 of 1
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Poland proposes CIT hike to fund energy-intensive industry support
Poland's government has advanced a draft legislative proposal (Draft Act UD459) to support energy-intensive industries facing global competition disadvantages because electricity costs are nearly double those in competing regions. Draft Act UD459
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France updates income tax reduction guidance for SME investments
France’s tax authority has updated its guidance on income tax reductions for investments in small and medium-sized enterprises (SMEs), FCPI and FIP funds, and solidarity-based enterprises of social utility (ESUS). The update published on 27
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Slovak Republic: MoF proposes Pillar Two tax amendments, expanded safe harbours
The Slovak Republic Ministry of Finance has proposed a draft amendment, on 18 August 2026, to Act No. 507/2023 Coll. pertaining to top-up tax, ensuring a global minimum level of taxation for multinational enterprise (MNE) groups and large-scale
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Belgium introduces reformed penal code with 8-level sanctions for legal entities, natural persons
Belgium's Federal Public Service Finance has announced a reformed Penal Code, which is set to take effect on 1 September 2026. The update establishes parallel systems of eight penalty levels, one applicable to legal entities and another to natural
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France introduces tax neutrality for enterprise restructuring
France has clarified, on 19 August 2026, the tax treatment of sole proprietorship restructuring where an individual entrepreneur elects for Corporate Income Tax (IS), introducing optional mechanisms to defer, suspend or spread taxation of capital
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Australia: ATO permanently extends AUD 20,000 instant asset write-off for small businesses
The Australian Taxation Office (ATO) has updated its guidance on the permanent AUD 20,000 instant asset write-off for small businesses with annual turnover below AUD 10 million. The measure, previously due to end in June 2026, has been permanently
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Brazil: RFB strengthens Sintonia program through updated compliance standards
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 28 August 2026 that it amended its Tax Compliance Incentive Program through Normative Instruction RFB No. 2,339, issued on 21 August 2026. This revision updates Normative
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Angola: AGT sets deadline for provisional industrial tax payment
Angola’s General Tax Administration (AGT) announced on 27 August 2026 that the deadline for the settlement and provisional payment of Industrial Tax for the 2026 fiscal year, for taxpayers under the general regime, ends on 31 August 2026. The
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UAE issues Pillar Two QDMTT guidance on scope, registration, excluded entities
The UAE Federal Tax Authority (FTA) has issued two guides dated 26 August 2026 providing administrative and technical guidance on the Qualified Domestic Minimum Top-up Tax (QDMTT) Legislation. The guidance covers how multinational enterprise
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Russia: FTS clarifies Pillar Two corporate tax rules for MNE groups
Russia has introduced special rules for calculating corporate income tax for members of international groups of companies, with the clarifications published by the Federal Tax Service (FTS) in Tax Policy and Practice, No. 8/2026, on 18 August
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Ireland: Revenue updates guidance on Pillar Two effective tax rate
Irish Revenue has published eBrief No. 125/26 on 28 August 2026, updating Tax and Duty Manual Part 04A-01-02, which provides guidance on the operation of the Pillar Two rules on the Global Minimum Level of Taxation for Multinational Enterprise
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Poland proposes higher corporate tax rates in 2027 draft budget
Poland’s government has approved a draft 2027 budget on 28 August 2026 with projected total tax revenues of PLN 622.4 billion for 2027, representing a PLN 57.8 billion increase over 2026's expected performance. The budget plan, prepared under the
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Cyprus: Ministry of Finance consults amendments to Pillar Two taxation law
The Cyprus Ministry of Finance has opened a public consultation on 30 July 2026, on the Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups in the Union (Amendment) Law of 2026. The amending bill
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Belgium issues additional FAQs on Pillar two supplementary tax filings
Belgium's Federal Public Service Finance has published additional frequently asked questions (FAQs) on the filing requirements under the Pillar Two global minimum tax rules, expanding on guidance previously issued for the country's Qualified
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