Chile: Parliament proposes sweeping tax reforms for capital markets, foreign investment
The Chilean parliament is considering the draft Law on the Reform of the Capital Market and Access to Home Ownership (Ley de Reforma al Mercado de Capitales y Acceso a la Casa Propia), which was submitted on 9 September 2026. This draft
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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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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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Italy confirms tax-neutral merger of foundation and agricultural partnership
Italy’s Revenue Agency confirmed on 11 September 2026 that a foundation can merge with a simple agricultural partnership while avoiding capital gains tax, VAT, and most other direct taxes. The ruling, contained in response no. 171, applies to
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Australia: Senate passes bill expanding foreign resident CGT rules
The Australian Senate passed the Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026 on 10 September 2026, a legislative proposal from the Australian Parliament designed to increase
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Australia: ATO consults draft ruling on tax treatment of crypto airdrops
The Australian Taxation Office (ATO) has released Draft Taxation Ruling TR 2026/D1 (Income tax: receipt and disposal of crypto assets by an airdrop) for public consultation, outlining the capital gains tax (CGT) treatment of crypto-assets received
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Nigeria: NRS issues new guidelines on capital gains taxation, VAT refund claims
The Nigeria Revenue Service (NRS) has published three new guidelines dated 29 June 2026, incorporating changes introduced by the Nigeria Tax Act (NTA) 2025 and the Nigeria Tax Administration Act (NTAA) 2025, both of which took effect on 1 January
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Taiwan reminds businesses of documentation requirements for CFC FVPL tax deferral election
Taiwan's Ministry of Finance, in a notice on 4 August 2026, has reminded enterprises that elect to defer the recognition of unrealized gains and losses from fair value through profit or loss (FVPL) financial instruments held by their Controlled
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Australia: Treasury consults on CGT, Negative Gearing Tranche 2
The Australian Treasury has launched a public consultation on the Capital Gains Tax and Negative Gearing – Tranche 2 legislation on 4 August 2026. Comments on the consultation are due by 21 August 2026. In the 2026–27 Budget, the
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Malaysia extends foreign-sourced income tax exemption to end-2030
Malaysia has published the Income Tax (Exemption) (No. 3) Order 2024 (Amendment) Order 2026 in the Official Gazette on 29 July 2026, under which the exemption period in the Income Tax (Exemption) (No. 3) Order 2024 has been extended from 31 December
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Belgium introduces tiered capital gains tax on financial assets with progressive rates, exemptions
The Belgian Ministry of Finance has published Circular 2026/C/74 on 22 July 2026. Circular 2026/C/74 outlines the Belgian tax framework for financial capital gains following legislation enacted on 6 April 2026. Circular 2026/C/74 provides
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Italy confirms cross-border UCITS mergers are tax-neutral for investors
Italian investors holding shares in collective investment funds can now participate in cross-border UCITS (undertakings for collective investment in transferable securities) mergers tax-free. The Italian Revenue Agency confirmed this position on 20
See MoreAustralia enacts twin tax reform Acts, overhauls CGT discount, adds minimum tax rate on capital gains
Australia has enacted the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (Act No. 49 of 2026) and the Income Tax Rates Amendment (Tax Reform No. 1) Act 2026 (Act No. 50 of 2026), with both Acts receiving the royal assent on 26 June
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Nigeria rolls out presumptive tax regime for informal sector, bans cash and roadblock collection
Nigeria's Joint Revenue Board published the Presumptive Tax Regulations, 2026, which were originally issued in the Official Gazette on 13 May 2026 and took effect from 1 January 2026. The Nigeria Presumptive Tax Regulations, 2026, serve as a
See MoreAustralia: Parliament passes tax reform bill replacing CGT discount with indexation, personal tax reliefs
Australia’s Parliament passed the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 on 25 June 2026, which is a key component of the 2026–27 Federal Budget tax package. The Bill introduces significant reforms aimed at improving housing
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Kenya: President assents Finance Act 2026, introduces reduced CIT
Kenya's President has enacted the Finance Act 2026, bringing amendments across multiple tax statutes effective from 1 July 2026. The Presidential assent was given on 24 June 2026. The Finance Act, 2026, does not raise taxes. Instead, it
See MoreAustralia raises small business GGT threshold, unveils startup tax concession plans
The Australian government has announced additional implementation details for its tax reform package on 18 June 2026 following an extensive first phase of post-Budget consultations. The package includes a significant expansion of small business
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CPA Australia raises alarm over new tax reform bill
Australia's largest accounting body, CPA Australia, has sounded a warning over the government's newly introduced Treasury Laws Amendment Bill 2026, cautioning that the legislation risks making the tax system more complex rather than simpler. The
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