Hong Kong opens Pillar Two portal for top-up tax returns, mandates e-filing
Hong Kong’s Inland Revenue Department (IRD) has launched new functions on its Pillar Two Portal from 26 October 2026. A Part 4AA entity of an in-scope MNE group can now file a top-up tax return and view and download notices of top-up tax
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Switzerland: Federal Council amends minimum tax rules to delay OECD guidance
Switzerland’s Federal Council adopted the amendment at its meeting in Bern on 21 October 2026. It implements two parliamentary motions with identical wording, which called for the guidance to apply in Switzerland one year later than the date
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Hungary proposes higher levies on big business, tax cuts for low earners in 2027 budget
Hungary’s government has presented a draft 2027 budget that pairs higher corporate and sectoral levies with tax relief for workers and families, Prime Minister Péter Magyar said in a speech before the agenda in Parliament on 19 October
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France authorises Pillar Two GloBE information exchange agreement
France published Law No. 2026-963 of 19 October 2026 in Issue No. 245 of the Journal officiel de la République française on 20 October 2026, authorising approval of the Multilateral Competent Authority Agreement on the Exchange of GloBE
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Italy weighs further tax increases on energy firms in 2027–2029 budget
Italy may raise taxes on energy companies to fund tax cuts and higher spending, sources close to the matter told Reuters on 23 October 2026. The plan would shape the government's budget for 2027 to 2029, due next week. The IRAP tax has already
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Belgium: Parliament approves DAC9 law on Pillar Two tax information exchange
The Belgian Chamber of Representatives approved a law implementing Council Directive (EU) 2025/872 of 14 April 2025 (DAC9) on 22 October 2026. The directive establishes rules for the automatic exchange of information on Top-up Tax Information
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Taiwan: Businesses may retain loss offset eligibility for minor late tax payments
Taiwan’s National Taxation Bureau of the Central Area, Ministry of Finance, has stated that businesses that filed their tax returns within the statutory deadline but paid the tax due late can still carry forward losses from the previous 10 years
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Brazil simplifies consumption tax compliance for small businesses
Brazil is putting its Consumption Tax Reform into effect, and the new system brings extra paperwork for small operators. Many of them run one-person businesses with little time or staff to handle it. The federal government responded with two new
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Germany proposes updates to tax haven defence rules following EU list changes
Germany’s Ministry of Finance has published a draft ordinance on 12 October 2026 proposing amendments to the Tax Haven Defence Ordinance, which identifies jurisdictions classified as non-cooperative under the Tax Haven Defence Law. The law aims
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Ukraine proposes ATAD-aligned anti-avoidance rules to combat aggressive tax planning
Ukraine’s government has approved Draft Law No. 16150 prepared by the Ministry of Finance to implement provisions of the Anti-Tax Avoidance Directive (2016/1164) (ATAD) aimed at combating aggressive tax planning. Draft Law No. 16150 was
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Argentina: ARCA launches new corporate income tax web service
Argentina’s tax authority (ARCA) announced on 19 October 2026 that it has launched the Corporate Income Tax Web service, an online platform for preparing and filing annual corporate income tax returns. Companies with fiscal years ending in June
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Hungary: NAV publishes 2025 global minimum tax return form
Hungary’s tax and customs administration (NAV) published Form 25GLBADO on the ONYA platform on 21 October 2026 for the declaration and payment of the additional taxes that secure the global minimum tax level, along with the recognised domestic
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Uruguay issues decree introducing domestic minimum top-up tax
Uruguay’s government’s Executive Branch issued a decree on 16 October 2026, yet to be published in the Official Gazette, establishing the domestic minimum top-up tax (DMTT) (Impuesto Mínimo Complementario Doméstico or IMCD) regulations,
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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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Chile: SII introduces 10% substitute tax on historical untaxed corporate profits
Chile's tax administration, the Internal Revenue Service (SII) announced the implementation of the Substitute Single Tax for Final Taxes (IUSIF) on 21 October 2026, a temporary mechanism established under the National Reconstruction and Economic and
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Chile introduces corporate tax cuts, investment incentives under new law
Chile published Law No. 21.850 in the Official Gazette on 17 October 2026, enacting a wide-ranging fiscal, regulatory, and economic package designed to promote post-disaster recovery, stimulate investment, and overhaul key tax and administrative
See MoreFrance ratifies OECD GloBE information exchange agreement under Pillar Two
France has ratified the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) under Pillar Two of the OECD/G20 Inclusive Framework’s Two-Pillar Solution, the French authorities confirmed. The approval was
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Bulgaria amends tax procedure code to implement DAC8 and DAC9, revises transfer pricing rules
Bulgaria's government has promulgated the Law amending the Tax and Social Security Procedure Code (TSSPC), published in State Gazette No. 85 on 15 September 2026 under Decree No. 302. The Law transposes Council Directive (EU) 2023/2226 (DAC8) and
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