IMF: Re-thinking taxation for the AI era
On 14 October 2026, at the IMF annual meetings, a forum discussion looked at Rethinking taxation for the AI era. The panel consisted of Adrian Brown, the Founder and CEO at Windfall Trust; Ioana Marinescu, Professor at the University of Pennsylvania
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Taiwan reminds online content creators to review business tax obligations
Taiwan’s National Taxation Bureau of the Central Area, under the Ministry of Finance, said the penalty-exemption period for content creators ended on 30 June 2026. The period applied to the guidance on taxation registration and the filing and
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US: IRS begins refunds for adoption tax credit carryforwards
The US Internal Revenue Service (IRS) announced on 16 October 2026 that it has started sending refunds to more than 50,000 taxpayers who used adoption tax credit carryforwards. The agency expects most eligible taxpayers to receive their refunds by
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Lithuania: STI updates personal income tax rules for individual activities
Lithuania’s tax authority (STI) has updated its commentary on Article 18² of the Law on Personal Income Tax on 15 October 2026. The update reflects three laws passed in 2025: Laws No. XV-343, XV-680 and XV-681. From the 2026 tax year, the
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Taiwan clarifies deduction limits for overseas property losses
Taiwan’s National Taxation Bureau of the Southern Area, under the Ministry of Finance has clarified that individuals cannot carry forward losses from overseas property transactions to subsequent taxable years when calculating their basic income
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Ireland: Revenue revises guidance on CAT group thresholds
Ireland's tax authority (Revenue) has updated its Capital Acquisitions Tax (CAT) manual to reflect the increased group thresholds announced in Budget 2027, according to Revenue eBrief No. 149/26, published on 12 October 2026. The updated
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Dominican Republic: DGII consults on educational expense tax deductions
The Dominican Republic’s General Directorate of Internal Taxes (DGII) opened a public consultation on 6 October 2026 on a draft General Rule governing the deduction of educational expenses from income tax for individuals. The proposal aims to
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Denmark proposes lower corporate tax rates in 2027 Finance Bill
Denmark’s government has presented its Finance Bill for 2027 on 9 October 2026 to parliament, proposing tax relief measures for individuals and businesses alongside various financing measures. The government plans to allocate DKK 10.1 billion
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Norway: Budget 2027 proposes personal tax relief, higher income thresholds, increased climate taxes
Norway’s newly unveiled 2027 Budget introduces a series of fiscal adjustments designed to foster economic growth, maintain fairness, and encourage employment while providing stability for citizens and enterprises. Key measures include personal
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Malaysia: Budget 2027 proposes MSME incentives, middle-income tax cuts, green investment measures
Malaysia’s Prime Minister and Minister of Finance presented the 2027 budget on 9 October 2026, outlining a strategic fiscal roadmap to drive sustainable economic momentum while easing cost-of-living pressures. Malaysia’s Budget 2027 targets
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Iceland: MoF consults on proposed tax and customs reforms, including side-income relief and stricter non-profit oversight
Iceland’s Ministry of Finance and Economic Affairs has published a draft bill titled “The Icelandic Tax and Customs Reform Act” on 6 October 2026, proposing various structural and administrative updates across Iceland’s tax, value-added tax
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US: IRS further extends relief for taxpayers affected by conflict in Israel through September 2027
The US Internal Revenue Service (IRS) announced, on 30 September 2026, new tax relief for individuals and businesses impacted by the ongoing conflict in Israel. The agency is postponing tax filing and payment deadlines until 30 September 2027 for
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Argentina: ARCA further extends 2025 individual income tax filing deadline
Argentina’s tax authority (ARCA) announced, on 8 October 2026, that it extended the deadline for individuals to file 2025 income tax returns to 30 October 2026 under General Resolution 5911/2026, published in the Official Gazette. The extension
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Greece introduces tax rulings procedure for advance interpretation of tax, customs legislation
The Independent Authority for Public Revenue (AADE) of Greece has introduced a new Tax Rulings (TR) procedure. It allows businesses and individuals to know in advance how the authority interprets tax and customs legislation in relation to specific
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Hungary unveils wealth tax plan for rich individuals
Hungary's government has proposed an annual wealth tax on individuals holding more than HUF 1 billion, Prime Minister Peter Magyar announced on 6 October 2026. The tax would be 1% on wealth above the threshold from January 2027. Those with more
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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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Lithuania consults draft commentary on 2026 personal income tax rules
Lithuania's State Tax Inspectorate published draft commentary on 28 September 2026 explaining the personal income tax rules that apply from 2026. Dated 28 September 2026, it is available on the State Tax Inspectorate website: document one and
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Netherlands proposes adjustments to individual taxation in Tax Plan 2027
The Dutch government published a policy letter from the State Secretary for Finance, Minister of Finance, and Prime Minister to the House of Representatives outlining key adjustments to the Tax Plan 2027 on individual taxation. Key measures
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