Portugal gazettes 2026 state budget law, updates income tax brackets
Portugal has gazetted the State Budget Law for 2026 (Law No. 73-A/2025) on 30 December 2025, introducing a series of fiscal recalibrations aimed at balancing social relief with targeted economic incentives. While maintaining several extraordinary
See More
France gazettes special budget law for 2026, ensures uninterrupted functioning of government operations
France’s government has published Law No. 2025-1316 of 26 December 2025 in the Official Gazette on 27 December 2025, authorising the State to continue collecting existing taxes to ensure the uninterrupted functioning of government operations until
See More
Luxembourg implements 2026 Budget Bill
Luxembourg has enacted the 2026 budget bill following its adoption by parliament. The full budget bill was published in the Official Gazette on 19 December 2025. The government has finalised the Law of 19 December 2025, introducing targeted
See More
Finland: Parliament adopts budget for 2026
Finland’s parliament concluded its deliberations and voting on the 2026 Budget on 19 December 2025. The key tax measures, including the reduced corporate tax rates and the 2026 income tax schedule, have been adopted. The single reading of the
See More
Luxembourg: Parliament adopts 2026 Budget Bill, reduces corporate income tax
Luxembourg’s Chamber of Deputies adopted the 2026 Budget on 17 December 2025 in its first reading, setting out a broad package of tax measures aimed at strengthening household purchasing power, bolstering economic competitiveness, and accelerating
See More
Netherlands: Senate approves 2026 Tax Plan package
The Netherlands Senate approved the legislative proposals contained in the 2026 Tax Plan package on 16 December 2025. The measures will enter into force once they receive royal assent and are published in the Official Gazette. The Ministry of
See More
Portugal: Parliament publishes 2026 state budget law, expands scope of reduced VAT rate
Portugal’s parliament has published the final text of the 2026 State Budget Law on 12 December 2025, after it was approved by the parliament on 27 November 2025. The final version of the budget law largely mirrors the initial proposals;
See More
Norway: Parliament approves 2026 budget bill, corporate tax rate unchanged
Norway’s parliament passed the proposed 2026 Budget bill on 5 December 2025. This follows Norway’s government's presentation of its 2026 state and national budget proposals on 15 October 2025. The bill boosts welfare, defence, and climate
See More
UK: Government pushes Pillar One implementation to 2027
The UK government has confirmed that implementation of the OECD’s Pillar One rules will be delayed until 2027, extending its earlier 2024 target as international agreement on the reforms remains out of reach. The decision is detailed in the
See More
Costa Rica: MoF announces 2026 corporate tax rates
Costa Rica's Ministry of Finance has published Executive Decree No. 45333-H on 5 December 2025, setting the corporate income tax rates for 2026. The Decree also enlists the individual income tax brackets and rates for 2026. Corporate Income Tax
See More
Israel: Cabinet approves 2026 state budget amid controversy
The Israeli cabinet approved the 2026 state budget on 5 December 2025 after prolonged negotiations and internal disputes over allocations. The key tax measures and policy changes are as follows: Corporate and Banking Taxes New measures
See More
Poland: Parliament adopts 2026 Budget Act, increases bank tax rates
Poland’s Ministry of Finance announced, on 5 December 2025, that the lower chamber of parliament (Sejm) had adopted the Budget Act for 2026, introducing wide-ranging tax changes set to reshape the country’s fiscal landscape next year. The
See More
Cameroon: Parliament adopts Finance Act for 2026, introduces significant economic presence (SEP) standard
Cameroon’s Parliament has adopted the 2026 Finance Act on 26 November 2025, introducing tax measures from the 2026 Budget designed to expand the country’s fiscal base and strengthen revenue mobilisation. The legislation establishes a new
See More
Uzbekistan outlines 2026–28 budget and fiscal plan, proposes higher corporate income tax
Uzbekistan's Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025. A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing
See More
Korea (Rep.): National Assembly approves corporate tax hike in new budget plan
The Korea (Rep.) National Assembly passed a series of budget-related amendment bills, including changes to the Corporate Tax Act that raise each of the four corporate tax brackets by 1%. Corporate Tax Rate Increase The National Assembly
See More
Malawi: MoF presents 2025-26 mid-year budget review, to introduce Minimum Alternate Tax
Malawi’s Ministry of Finance, Economic Planning, and Decentralisation (MoFEPD) presented the 2025-26 Mid-Year Budget Review Statement to the National Assembly on 21 November 2025. The 2025-26 Mid-Year Budget Review Statement proposes various
See More
Poland gazettes law raising corporate income tax rate for banks
Poland has published the “Act of 6 November 2025 amending the Corporate Income Tax Act and the Act on the Tax on Certain Financial Institutions”, in the Official Gazette on 28 November 2025, raising the corporate income tax rate for
See More
Portugal: Parliament approves 2026 budget, lowers corporate tax rates
Portugal’s parliament has approved the new 2026 Budget Bill on 27 November 2025. The Bill will proceed to presidential promulgation, followed by the formal publication of the law. The main tax measures of the 2026 Budget Bill are the reduced
See More