Vietnam: National Assembly approves CIT, PIT reductions for small businesses
Vietnam’s National Assembly approved Resolution No. 43/2026/QH16 on 24 August 2026, providing a 30% reduction in Corporate Income Tax (CIT) and Personal Income Tax (PIT) payable for qualifying taxpayers for the 2026 and 2027 tax
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Namibia: NIPDB investment guide highlights corporate tax measures, transfer pricing, updated tax framework
The Namibia Investment Promotion and Development Board (NIPDB) released the Namibia Investment Guide: Tax Laws in Namibia, Volume 5, on 4 September 2026, detailing the tax laws, compliance framework, and financial regulations governing investors and
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Philippines: DoF consults on ProGRESS tax reform bill incorporating global minimum tax
The Philippines Department of Finance (DoF) launched consultations on the ProGRESS Bill in Manila on 3 September 2026, gathering roughly 300 stakeholders from business, government, academics, civil society, and media to review the tax reform
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Iceland: 2027 budget proposes financial institution tax hike, VAT measures
Iceland’s Ministry of Finance presented the 2027 Budget proposal on 7 September 2026, proposing higher taxes and fees, reduced tax incentives, and adjustments to existing charges to raise government revenue. The proposed tax and revenue
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Ghana: President enacts major tax, VAT, customs reforms
The Ghanaian President has signed 10 legislative bills into law, including several measures relating to taxation on 26 August 2026. The key legislative acts are summarised below: Excise Act, 2026: This Act consolidates excise duty regulations
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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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China: STA updates tax rules for foreign individuals dividend income
China’s Ministry of Finance and State Taxation Administration released Announcement No. 27 on 1 September 2026, revising how foreign individuals are taxed on dividends and bonuses received from foreign-invested enterprises operating in
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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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Poland proposes higher corporate tax rates in 2027 draft budget
Poland’s government has approved a draft 2027 budget on 28 August 2026 with projected total tax revenues of PLN 622.4 billion for 2027, representing a PLN 57.8 billion increase over 2026's expected performance. The budget plan, prepared under the
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Slovak Republic clarifies corporate minimum tax rules, offers 50% reduction for 20% disabled workforce
The Financial Administration of the Slovak Republic has published new guidelines on the minimum tax applicable to legal entities, taking into account amendments introduced by Law 261/2025 of 24 September 2025. The guide explains the Slovak
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China: New offshore trust tax forces wealthy to reassess holdings
China’s tax authorities have implemented a 20% levy on offshore trust structures, creating immediate pressure on wealthy mainland investors to recalculate their liabilities and restructure holdings. The new rules, introduced in late July 2026,
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Ghana: Parliament passes income tax bill raising presumptive tax threshold
Ghana’s Parliament has passed the Income Tax (Amendment) Bill, 2026, amending the Income Tax Act, 2015 (Act 896) to revise personal income tax bands for resident individuals and raise the turnover threshold for the presumptive tax regime. The
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Nigeria: NRS issues virtual asset tax framework, establishes income tax, VAT, and stamp duty obligations
The Nigeria Revenue Service (NRS) established a comprehensive framework in 2026 to regulate the taxation of virtual assets (VAs), including cryptocurrencies, stablecoins, and NFTs, through Guidelines on the Taxation of Virtual Assets ( Information
See MoreBelgium amends withholding tax rules following personal income tax reform
Belgium's Federal Public Service Finance has published the Royal Decree of 24 July 2026 in the Official Gazette on 30 July 2026, amending the rules governing the application of withholding tax. The decree introduces several important amendments to
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Belgium approves multi-year personal income tax reform through 2030
Belgium’s Chamber of Deputies approved legislation introducing a range of personal income tax reforms on 9 July 2026. This legislation outlines a comprehensive reform of the Belgian personal income tax system, scheduled for implementation
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Turkey extends preferential WHT treatment for treasury-backed securities
Turkey has extended the application period of the 0% withholding tax (WHT) rate on income and gains derived from government bonds, Treasury bills and certain lease certificates by six months, following the publication of Presidential Decision No.
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Dominican Republic proposes increased corporate tax amongst other reforms in new fiscal package
The Dominican Republic's Ministry of Finance and Economy has unveiled a pro-growth and anti-crisis fiscal package on 11 June 2026 that has been presented to the National Congress for consideration. This fiscal package is designed to shore up public
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Bangladesh announces Budget 2026-27, proposes sweeping incentives for foreign investment
Bangladesh’s Finance Minister Amir Khosru Mahmud Chowdhury presented the National Budget 2026-27 today, 11 June 2026, after his cabinet endorsed the proposed budget on the same day. The total outlay of the FY 2026-27 budget is set at BDT 9.38
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