Kazakhstan proposes delaying solid minerals royalties to 2029
Kazakhstan’s Ministry of Industry and Construction proposed deferring the introduction of royalties on solid minerals from 1 January 2027 to 1 January 2029, following discussions at the Project Office for the implementation of the Tax Code on 17
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Finland proposes corporate and personal income tax cuts in 2027 Budget
Finland’s government submitted its proposal for the 2027 Budget to Parliament (HE 175/2026) on 21 September 2026. The proposal’s tax measures are consistent with those outlined in the Ministry of Finance’s 6 August 2026 Budget Proposal for
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US enacts disaster tax relief for casualty, wildfire losses
US President Donald Trump signed H.R. 5366, the Doug LaMalfa Federal Disaster Tax Relief Certainty Act, on 11 September 2026. The Senate and House both passed the measure with overwhelming bipartisan support. The Doug LaMalfa Federal Disaster Tax
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Hong Kong announces 2026 policy address, unveils corporate tax incentives and family tax relief
Hong Kong has announced the release of the Hong Kong Chief Executive's 2026 Policy Address on 16 September 2026. The tax policy measures outlined in the Hong Kong Chief Executive's 2026 Policy Address form a central part of the HKSAR
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Netherlands unveils 2027 tax plan with corporate, VAT and PIT changes
The Dutch government presented the 2027 Budget, including the Tax Plan for 2027 (Belastingplan 2027), on 15 September 2026. Corporate adjustments From 2027, embedded currency hedging results on participation investments will no longer qualify
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Bosnia and Herzegovina: FBiH revises pension insurance contributions
The Federal Pension Insurance Fund has changed the rules for compulsory pension contributions for persons working under specific circumstances in the Federation of Bosnia and Herzegovina (FBiH). The new rules were published in Official Gazette No.
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US: IRS extends livestock tax relief for drought-affected farmers
The US Internal Revenue Service (IRS) issued new guidance on tax relief for farmers and ranchers across the country who sold or exchanged livestock due to severe drought on 15 September 2026. The extension allows affected producers to defer taxes on
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Germany: Federal Cabinet unveils draft 2027 income tax reform, splits trade tax revenue for data centre companies
Germany’s Ministry of Finance has published the Draft Income Tax Reform Act 2027 (Einkommensteuerreformgesetz 2027), which was approved by the Federal Cabinet on 2 September 2026. The draft outlines a proposal from the German Federal Ministry
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Belgium: MoF phases out marriage quotient under new spousal income transfer regime
Belgium’s Ministry of Finance has published Circular No. 2026/C/79, dated 26 August 2026, guiding the phase-out of the spousal income transfer regime introduced by the law of 15 July 2026. Circular 2026/C/79 provides detailed guidance on the
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US: IRS updates FAQs on qualified overtime compensation deduction
The US Internal Revenue Service (IRS) has updated its frequently asked questions on the deduction for qualified overtime compensation, providing further clarification on eligibility, calculation, reporting and withholding requirements. The
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Bulgaria enacts State Budget Act 2026 introducing gambling affiliate tax, expanded child tax relief
Bulgaria's National Assembly has enacted the State Budget Act for 2026, setting the country's strategic financial direction. It was passed by the National Assembly on 24 July 2026, approved by the President on 29 July 2026, and officially
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Italy issues tax relief guidance for variable bonuses, stock options in financial sector
The Italian Revenue Agency has issued a measure setting out the practical rules for claiming tax relief on bonuses and variable remuneration paid in the form of bonuses and stock options in the financial sector. The measure, signed by the
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US: IRS simplifies penalty relief, introduces automatic process for eligible taxpayers
The US Internal Revenue Service (IRS) announced on 8 July 2026 that it introduced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance. The
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Italy tax authority confirms SAFE investments qualify for 65% IRPEF deduction
Italy’s Revenue Agency has clarified on 8 July 2026 that Simple Agreements for Future Equity (SAFE) contracts used by early-stage startups meet the definition of "convertible investments" and therefore qualify for the 65% individual income tax
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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
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Uzbekistan introduces tax exemptions for cultural, arts sectors
Uzbekistan has released Presidential Decree No. UP-103 of 2 June 2026, which introduces various measures aimed at the modernisation and expansion of cultural and arts sectors in Uzbekistan. To foster new talent, the government is establishing
See MoreUS provides safe harbour for certain contributions to Trump Accounts under Working Families Tax Cuts
The Department of the Treasury and the Internal Revenue Service (IRS) announced, on 29 June 2026, that it issued Revenue Procedure 2026-25 providing a gift tax reporting safe harbour for certain contributions to Trump accounts created under the
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Australia: 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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