Finland proposes investment fund tax reforms following CJEU ruling, including ELTIF changes
The Finnish Government presented Government Proposal HE 209/2026 vp to Parliament on 2 October 2026, proposing amendments to the Income Tax Act, the Act on the Taxation of Income of Non-Residents and the Prepayment Act. The primary impetus for
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Thailand: Revenue Department consults on qualified refundable tax credits
Thailand's Revenue Department has launched a public consultation on the principles of the Draft Act on Qualified Refundable Tax Credits, which would give promoted companies a new form of investment incentive compatible with the Pillar Two Global
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Taiwan urges enterprises to submit audited CFC statements on time
Taiwan's National Taxation Bureau of the Central Area, under the Ministry of Finance, has reminded profit-seeking enterprises that have been granted an extension to submit financial statements of their controlled foreign company (CFC), audited and
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Ireland introduces Pillar Two amendments, business incentives in Budget 2027
Ireland’s Department of Finance published Budget 2027 on 6 October 2026. The key tax measures are as follows: Corporation tax administration Budget 2027 introduces changes to preliminary corporation tax rules to provide greater
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Singapore: IRAS rules redeemable preference shares are equity, dividends tax-exempt
The Inland Revenue Authority of Singapore (IRAS) has ruled that redeemable preference shares (RPS) issued by a Singapore-resident investment holding company are equity instruments for income tax purposes. The determination is set out in Advance
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Thailand issues rules for digital tax exemption
Thailand’s Revenue Department has issued Notification No. 469 setting the criteria, procedures and conditions for a 100% corporate income tax exemption on qualifying expenditure for computer programs, hardware, smart devices and digital services.
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Singapore: IRAS updates business expenses guidance with deductibility checker for companies
Singapore's Inland Revenue Authority (IRAS) added the business expense deductibility checker to its business expenses guidance page on 29 September 2026. Companies can search or browse by expense type to see whether common business expenses are
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UAE: FTA issues guidance on free zone, designated zone tests
The UAE’s Federal Tax Authority (FTA) issued Tax Public Clarification – TAXP010 on 2 October 2026. It sets out how a business can determine whether its location is a Free Zone or a Designated Zone under each of the three tax laws. The
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Brazil enacts law lowering CSLL rate for local reinsurance companies
Brazil’s President has sanctioned Law No. 15,525/2026 of 28 September 2026, establishing a specific corporate tax framework for local reinsurance companies in Brazil. The Official Gazette published Law No. 15,525/2026 on 29 September 2026. The
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Australia: ATO implements stricter foreign resident CGT rules, provides form and guidance
The Australian Taxation Office (ATO) announced, on 2 October 2026, that it has implemented new capital gains tax (CGT) rules for foreign residents. The CGT rules for foreign residents (Strengthening the foreign resident capital gains tax (CGT)
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Brazil: RFB publishes Q&A guide on Pillar Two qualified domestic minimum top-up tax
Brazil’s Federal Revenue Service (RFB) published the first edition of its Q&As guide on the Additional Social Contribution on Net Profits (CSLL) on 2 October 2026. The guide provides practical guidance on Brazil’s recently implemented
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Ireland: Committee on Budgetary Oversight urges broader tax base in Pre-Budget 2027 report
Ireland’s Committee on Budgetary Oversight has published its Pre-Budget 2027 report on Wednesday, 30 September 2026, warning that fiscal policy must avoid adding to inflationary pressures, that repeated spending overruns undermine transparency,
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Belgium: Parliament committee adopts draft DAC9 legislation
Belgium’s Parliament’s Financial and Budgetary Committee adopted the draft legislation implementing DAC9 (Directive 2011/16/EU as amended by Council Directive (EU) 2025/872) on 2 October 2026. The legislation has a dual purpose: it transposes
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France: National Assembly publishes draft Finance Bill 2027
France's National Assembly published the draft Finance Bill for 2027 on 1 October 2026, outlining the government's plan to lower the public deficit from a revised 5.4% of GDP in 2026 to 5.0% in 2027, subject to parliamentary approval. The
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Finland: Government proposes major reforms to corporate restructuring tax rules
Finland’s government has submitted a legislative proposal (HE 211/2026) to Parliament to amend the existing rules on mergers on 1 October 2026. The proposal aims to make corporate restructuring rules more flexible, streamline tax procedures, and
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Costa Rica proposes broader taxation of foreign-source passive income
Costa Rica published draft Bill No. 25.796 in the Official Gazette on 30 September 2026. The bill was submitted to the Legislative Assembly on 22 September 2026 and proposes a significant structural reform to Costa Rica's taxation of foreign-source
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Romania deposits ratification instrument for pillar two subject to tax rule convention (STTR MLI)
Romania has deposited its instrument of ratification for the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI) on 2 October 2026, according to an OECD update. Romania signed the STTR MLI on
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Nigeria: MoF cuts late tax payment interest rates from October 2026
Nigeria’s Federal Ministry of Finance has introduced new rules for calculating interest on unpaid taxes, linking the cost directly to market rates on 24 September 2026, according to an X post. The Nigeria Tax Administration (Interest on Late
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