Russia proposes tax breaks for Unified Advanced Development Territory residents
Russia’s Ministry for the Development of the Russian Far East and Arctic has prepared amendments to the Tax Code, providing for tax incentives and reduced social security contribution rates for residents of the Unified Territory of Advanced
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Switzerland: Federal Council extends loss carryforward to ten years starting 2028
Switzerland’s Federal Council enacted the Federal Act on the Extension of Loss Carryforward on 18 September 2026. The change allows companies to offset losses against taxable profits over a ten-year period instead of the current seven years at
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Greece: Council of State rules interest on dividend-financing loans non-deductible
Greece's Council of State issued Decision No. 370/2026 on 11 September 2026, which clarified that companies cannot deduct interest paid on loans borrowed to finance dividend payments to shareholders. The Second Chamber of the council rejected an
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Poland: Senate passes transfer pricing, business tax reporting reforms
Poland's Senate (Upper house of Parliament) passed a legislation that reshapes how small businesses handle tax reporting and cash transactions. The Act of 18 September 2026, transmitted as Senate Print No. 834 (Druk nr 834), amends both the
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El Salvador sets tax interest rates for August 2026–January 2027
El Salvador’s Ministry of Finance has announced new interest rates for delinquent tax payments through an official notice issued on 31 July 2026. The announcement applies articles 1 and 3 of Legislative Decree No. 720, dated 24 November
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Taiwan clarifies income tax treatment of reduced commodity tax refunds
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, stated that refunds of reduced commodity tax obtained by profit-seeking enterprises under Article 11-1, Article 12-5 or Article 12-6 of the Commodity Tax Act should be treated as a
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Australia: ATO opens 2025–26 Offshore Petroleum Levy reporting
The Australian Taxation Office (ATO) has issued a notice on 21 September 2026 reminding leviable entities to report petroleum production and submit the Offshore Petroleum (OP) Levy return for the 2025–26 financial year. The deadline for
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Italy introduces 20% fuel tax credit for fishing businesses
The Italian Revenue Agency introduced a fuel subsidy for fishing businesses on 22 September 2026. The measure, established through Resolution No. 32, creates tax code 7080 to help operators manage rising fuel expenses for company vehicles. How
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El Salvador: DGII issues 2027 guidance on low-tax and preferential jurisdictions
El Salvador’s tax authority (DGII) released guidance MH.UVI.DGII/006.002/2026 on 24 September 2026 clarifying tax compliance rules for 2027. The guidance establishes clear criteria for identifying international jurisdictions categorised as tax
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Australia: ATO to strengthen foreign resident CGT rules from October 2026
The Australian Taxation Office (ATO) announced on 23 September 2026 that it implemented changes to how foreign residents pay capital gains tax on Australian property investments. The Strengthening the Foreign Resident Capital Gains Tax regime
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Italy: Tax Authority clarifies corrections to digital services tax returns
The Italian Revenue Agency confirmed on 22 September 2026 that taxpayers subject to the digital services tax can file supplementary returns to correct earlier submissions. The digital services tax applies to large multinational groups earning more
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Serbia revises greenhouse gas tax credit, carbon-intensive import tax rules
Serbia’s Parliament has adopted amendments to the laws governing greenhouse gas emissions tax and import taxes on carbon-intensive goods, primarily targeting the electrical energy production sector, as published in the Official Gazette of the
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Sri Lanka: IRD reminds businesses, Individuals of 2025/26 tax deadline
Sri Lanka's Inland Revenue Department (IRD) has reminded taxpayers that the last date for final payment of income tax for the Year of Assessment 2025/2026 falls on 30 September 2026, and has urged them to make payments on or before the
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Portugal: Tax Authority opens Pillar Two Form 64 filing service for 2024
Portugal’s Tax and Customs Authority has opened the electronic submission service for Form 64 – Settlement Declaration of RIMG/Pillar Two for fiscal year 2024, under Article 45(1)(c) of Law No. 41/2024, the Global Minimum Tax Law. The
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Finland proposes corporate and personal income tax cuts in 2027 Budget
Finland’s government submitted its proposal for the 2027 Budget to Parliament (HE 175/2026) on 21 September 2026. The proposal’s tax measures are consistent with those outlined in the Ministry of Finance’s 6 August 2026 Budget Proposal for
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Senegal: Draft 2026 Amending Finance Bill proposes economic solidarity contribution on e-money operators
Senegal's General Directorate of the Budget published the draft Amending Finance Bill for 2026, which details a significant restructuring of the national budget. The government outlines a revised fiscal strategy necessitated by international
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Brazil amends Pillar Two QDMTT rules to introduce substance-based tax incentive safe harbour
Brazil has published Normative Instruction RFB No. 2.342 of 15 September 2026 in the Official Gazette on 18 September 2026, amending Normative Instruction RFB No. 2.228 of 3 October 2024, which regulates the Additional Social Contribution on Net
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Brazil: Senate approves bill to cut CSLL for local reinsurers
Brazil’s Senate has approved Bill 3.540/2026 and forwarded it to the Executive Branch for sanction or veto on 3 September 2026. Bill 3.540/2026 (PLP 3540/2026) addresses a long-standing structural imbalance in Brazil's financial sector by
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