Italy temporarily cuts excise duty on diesel to combat fuel price surge
Italy has lowered the excise tax on diesel fuel to EUR 532.90 per thousand litres for 17 days, effective 7 August 2026, under Law decree No. 139/2026, which was published in the Official Journal No. 180 of 5 August 2026. The cut applies to gas
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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
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Finland proposes corporate tax cuts in draft 2027 budget
Finland’s Ministry of Finance announced the draft budget for 2027 on 6 August 2026, which includes several significant corporate tax measures. The government will review the draft budget during its budget session on 1–2 September, after which
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Poland: Ministry of Digital Affairs unveils draft 3% digital services tax
Poland's Ministry of Digital Affairs has published a draft bill introducing a Compensatory Tax on Certain Services, effectively establishing a Digital Services Tax (DST) on 31 July 2026. The tax applies to online targeted advertising, the
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Turkey introduces nuclear energy tax exemptions, establishes vehicle excise floorsÂ
Turkey has enacted Law No. 7590, introducing several tax measures, including reforms to the special consumption tax (SCT) on motor vehicles, new tax incentives for the nuclear energy sector, and an extension of employment support measures. The law
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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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Brazil: RFB, CGIBS set mandatory issuance schedule for tax documents under Consumption Tax Reform
The Brazilian Federal Revenue Service (RFB) and the CGIBS have announced on 31 July 2026 that the approval of Joint Act RFB/CGIBS No. 4 of 30 July 2026, in accordance with Article 112 of Decree No. 12,955/2026 (CBS Regulation) and CGIBS Resolution
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Azerbaijan clarifies tax treatment of employee meal expenses, AZN 5 daily threshold
Azerbaijan’s tax authority has published a new administrative guidance clarifying the tax treatment of employees' meal expenses, including their deductibility, income tax withholding obligations, and the calculation of social insurance
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Argentina: ARCA extends 2025 personal income tax filing deadline
Argentina's Federal Tax Authority (ARCA) has published General Resolution No. 5876 in the Official Gazette on 20 July 2026, which amends General Resolution No. 5851. General Resolution No. 5876Â extends the filing deadline for 2025 income tax
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Brazil: RFB, CGIBS to publish joint act on mandatory electronic tax document dates for CBS, IBS
The Brazilian Federal Revenue Service (RFB) and the Management Committee for the Tax on Goods and Services (CGIBS) have announced, on 27 July, that a joint act establishing the start dates for the mandatory issuance of electronic tax documents
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Italy: Temporary diesel excise cut returns as inflation pressures mount
Italy reintroduced a temporary excise duty cut on diesel on 27 July 2026 to ease fuel prices for households and businesses. The reduction brings state spending to EUR 125 million when combined with tax breaks for truck drivers and farming
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Bulgaria adopts civil servant contributions, raises insurance thresholds in 2026 budget bills
Bulgaria’s National Assembly gave final approval to the State Social Security Budget Bill and the National Health Insurance Fund Budget Bill, followed by the State Budget Bill on 22 July 2026. All three bills were tabled on 1 July, and adopted
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Australia: ATO updates guidance on monthly GST reporting, extends authority to mandate switch for non-compliant businesses
The Australian Taxation Office (ATO) has updated its guidance on changing to monthly GST reporting, including new guidance on voluntarily switching GST reporting. It has also revised its guidance on when it may change a business's GST reporting
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Canada consults transfer pricing documentation amendments, various other tax measures
Canada's Department of Finance has released draft legislative proposals for public consultation on 23 July 2026 to implement a range of previously announced tax measures, along with other technical amendments to the country's tax
See MoreItaly introduces new tax codes for VAT recovery, entertainment tax, and air taxi leviesÂ
The Italian tax authority has issued three new tax codes through Resolution No. 28 on 23 July 2026 to streamline payment of taxes, interest, and penalties following recovery actions. The codes enable taxpayers to remit these amounts via the F24 and
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Hungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptionsÂ
Hungary’s government has submitted Draft Law T/387 to the parliament on 17 July 2026 to implement commitments under the Recovery and Resilience Facility (RRF) plan by August 31, 2026, alongside other government programs. This legislative
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Poland raises e-cigarette excise tax to PLN 50 per unit, closes design loopholes
Poland's Council of Ministers approved an amendment to the Excise Duty Act on 21 July 2026, closing loopholes in how the government taxes e-cigarettes and vaping equipment. The new rules treat all vaping devices the same way regardless of their
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Netherlands consults bill targeting compliance simplifications, adjustment of reorganisation facilities, hybrid entity changes
The Dutch government has put forward a comprehensive legislative package designed to refine the Income Tax Act 2001, the Corporate Income Tax Act 1969, the Successions Act 1956, and other tax frameworks. Following this, the government has opened a
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