US: Treasury, IRS proposes expanded reporting rules for Opportunity Zone fund
The US Department of the Treasury and Internal Revenue Service (IRS) have issued proposed regulations establishing new reporting and certification requirements for Qualified Opportunity Funds (QOFs) and Qualified Opportunity Zone Businesses
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Czech Republic: MoF reinstates fuel price controls as Middle East tensions mount
The Czech Republic’s Ministry of Finance moved to cap retailers' fuel margins and reduce diesel taxes for October following escalating conflict in the Middle East and tightened oil supplies from Saudi Arabia. The government also approved a new
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Albania ratifies Pillar Two STTR convention
Albania has deposited its instrument of ratification for the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (the STTR Convention), triggering the convention’s entry into force on 1 January
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Egypt revises income tax rules for property disposals, dividends and SMEs
Egypt has amended the Income Tax Law No. 91 of 2005 through Law No. 151 of 2026, introducing changes to the taxation of real estate disposals and securities, dividend withholding, interest deductibility and small-business taxation. The law was
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UAE: FTA sets Corporate Tax exemption rules, filing deadlines for eligible entities
The UAE’s Federal Tax Authority (FTA) Decision No. 15 of 2026 has established the administrative rules, procedural requirements and filing deadlines for entities applying for Corporate Tax exemption under Federal Decree-Law No. 47 of 2022 (the
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South Africa: SARS expands GMT support for Pillar Two
The South African Revenue Service (SARS) enhanced its Global Minimum Tax (GMT) administration to support affected Multinational Enterprise (MNE) Groups in meeting their Pillar Two obligations under the Global Anti-Base Erosion (GloBE) Rules. The
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EU advisory commission rules UK wind farms primarily taxable in the UK
An advisory commission under the EU Arbitration Convention has issued its final opinion on a long-running tax dispute between Denmark and the UK over two Ørsted offshore wind farms. The Danish Tax Agency and UK Revenue and Customs notified Ørsted
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Poland: Sejm approves temporary windfall tax on liquid fuel companies
The Polish Sejm, the lower house of parliament, approved a government bill on 18 September 2026 introducing a temporary windfall tax, or excess profits tax, on companies operating in the liquid fuels sector. As per previous reports, Poland
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Cyprus targets tax compliance with stricter enforcement, digital upgrades in 2027 state budget
The Cyprus Council of Ministers approved the Budget Bill for the year 2027 and the Medium-Term Fiscal Framework (MTFF) 2027-2029 on 16 September 2026. The bill details a strategic shift in government spending, highlighting increased allocations for
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Finland: Government proposes lower corporate tax rate, longer loss carry-forward period from 2027
Finland's government announced, on 17 September 2026, that it proposed two significant changes to corporate taxation, effective from 2027. The alterations target both the tax rate structure and loss carry-forward provisions for businesses. Lower
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Bulgaria proposes convention update for Pillar Two taxes
The Bulgarian National Assembly on 1 September 2026 accepted for consideration Bill No. 52-602-02-16, which would amend the law ratifying the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol. The
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The Court of Justice of the European Union (CJEU) issued the judgment on 17 September 2026 in Case C-139/25, concerning the taxation in Spain of dividends received by Ishares Europe ETF, a United States-based collective investment
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Finland: MoF consults on narrower exemption for indirect real estate transfers
Finland’s Ministry of Finance has initiated a public consultation on a draft proposal to amend Section 10 of the Income Tax Act as of 14 September 2026. This legislative change focuses on the taxation of indirect real estate transfers,
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Australia: ATO reports strong tax compliance among large businesses in 2025-26
The Australian Taxation Office (ATO) has published its annual findings on the tax compliance and performance of large public and multinational businesses on 17 September 2026. The released findings show high levels of tax compliance across the
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Hong Kong announces 2026 policy address, unveils corporate tax incentives and family tax relief
Hong Kong has announced the release of the Hong Kong Chief Executive's 2026 Policy Address on 16 September 2026. The tax policy measures outlined in the Hong Kong Chief Executive's 2026 Policy Address form a central part of the HKSAR
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Bulgaria revises Pillar Two tax exchange framework
Bulgaria published Decree No. 304 in the State Gazette on 18 September 2026, promulgating the Law on the Supplement to the Law on the Ratification of the Convention on Mutual Administrative Assistance in Tax Matters. The amendment adds Pillar Two
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Slovak Republic approves construction law amendment with Income Tax Act changes
The Slovak Parliament approved on 15 September 2026 a bill amending the Construction Law and related legislation, including the Income Tax Act (ITA), to clarify construction categories, simplify administrative procedures and align tax rules with the
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Liberia commits to automatic financial account information exchange by 2028
Liberia announced that it will begin automatic exchange of financial account information under the Common Reporting Standard (CRS) by September 2028, according to a release from the OECD on 17 September 2026. The country's commitment strengthens
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