Australia consults draft foreign resident CGT law with renewable energy relief
The Australian Government has opened a public consultation on draft legislation to reform the foreign resident capital gains tax (CGT) regime, with the consultation running from 10 to 24 April 2026. The proposed law is designed to ensure foreign
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Belgium introduces new capital gains tax on financial assets in 2026
The Belgian Parliament passed legislation on 2 April 2026 implementing a capital gains tax on financial assets, applying to all gains realised from 1 January 2026 onwards. The tax applies to Belgian residents subject to personal income tax, as
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Qatar: GTA announces capital gains tax exemption for corporate restructuring
Qatar’s General Tax Authority (GTA) announced official clarifications regarding capital gains tax, including an exemption for gains arising from intra-group restructuring on 29 March 2026, which was first announced in May 2025. The GTA
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Turkey raises withholding tax on non-TEFAS equity fund gains
Turkey’s Revenue Administration has published Presidential Decree No. 11107 in the Official Gazette (No. 33206) on 27 March 2026, increasing the withholding tax rate on gains from participation shares in equity-intensive funds that are not traded
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Italy enacts emergency adjustments to specific provisions of 2026 Budget Law
Italy has gazetted Decree-Law No. 38 of 27 March 2026, effective from 28 March 2026, introducing several urgent tax measures that amend the 2026 Budget Law (Law No. 199 of 30 December 2025). It addresses multiple areas, including clarifications on
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Morocco: DGI clarifies 2026 Finance Law, details adjustments to corporate tax, PIT, VAT
Morocco’s tax administration (DGI) issued Circular No. 737 on 27 February 2026, clarifying the tax measures of Finance Law 50-25 for 2026, part of Morocco’s 2023–2026 structural tax reform. Finance Law No. 50-25 was promulgated by Dahir No.
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Hong Kong clarifies tax treatment of equity sale gains
The Hong Kong Inland Revenue Department (IRD) has released an advance ruling, dated 28 November 2025, addressing whether a company’s gain from the sale of a long-held equity interest can be treated as a non-taxable capital gain. The ruling
See MoreBelgium: MoF introduces 5% capital gains tax for shareholding investment firms
Belgium's Ministry of Finance issued Circular 2026/C/33 on 24 February 2026, establishing a separate 5% capital gains tax on the disposal of shares in SICAV-RDT/DBI-BEVEK investment companies effective from the assessment year 2026. It also
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Mozambique enacts 2026 tax reforms, introduces VAT on digital services
Mozambique's President signed into law and ordered the official publication of the Economic and Social Plan and State Budget (PESOE) for 2026, along with a package of tax reform legislation on 29 December 2025. Effective from 1 January 2026, the
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Zimbabwe introduces broad tax changes for 2026, including digital services tax, VAT, mining adjustments
Zimbabwe has introduced a range of tax measures in its National Budget for 2026, which were enacted through the Finance Act 2025 (Act No. 7 of 2025) on 29 December 2025. The Finance Act of 2025 introduces significant amendments to existing tax
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Papua New Guinea enacts Income Tax Act 2025
Papua New Guinea’s new Income Tax Act 2025 came into effect on 1 January 2026. Issued on 20 October 2025, the new Income Tax Act modernises and simplifies the country’s tax framework, replacing the former regime under the Income Tax Act 1959.
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Romania implements 2026 tax reforms: Limits deductions for IP, consulting fees
Romania has published Law No. 239/2025 and Emergency Ordinance No. 89/2025, which introduce a 1% cap on deductions for payments to non-resident related parties for intellectual property and management or consulting services. The limit applies to
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Malawi: President assents to Value Added (Amendment) Act 2025, raises VAT rate as part of 25-26 budget
Malawi’s President has signed the Value Added (Amendment) Act 2025, raising the VAT rate from 16.5% to 17.5%. The Act received presidential assent on 20 December 2025 and was gazetted on 30 December 2025, entering into force the next day, 31
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Iceland: Revenue and Customs announce corporate tax, VAT rates for 2026Â
Iceland’s tax authority, the Revenue and Customs, has released the key rates and amounts for 2026, detailing changes to corporate tax, VAT, and personal income tax. The rate changes are as follows: Corporate tax rate changes Income
See MoreBelgium: Council of Ministers approves capital gains tax on financial assets
Belgium’s Council of Ministers has approved in second reading a draft bill introducing a tax on capital gains from financial assets, following a proposal by Finance Minister Jan Jambon. This announcement was made on 12 December 2025. The
See MoreBelgium: Parliament endorses tax reform targeting investment company share gains
Belgium’s Chamber of Deputies passed legislation on 11 December 2025 to implement key elements of the government’s tax reform plan outlined in April 2025 targeting investment company share gains. The main measures include: Introducing a
See MoreMalawi: 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
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Malaysia: MoF presents 2025 Finance Bill, proposes new capital gains tax rules
Malaysia’s Ministry of Finance has presented the Finance Bill 2025 and Measures for the Collection, Administration and Enforcement of Tax Bill 2025 for the first reading in parliament on 18 November 2025. The Bill proposes amendments to
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