Poland further extends fuel tax relief until mid-June 2026
Poland's government announced on 29 May 2026 that it has prolonged its fuel pricing relief programme through 15 June 2026, continuing temporary cuts to VAT and excise duties on petrol, diesel, and biofuel components. The extension builds on
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Hong Kong gazettes Stamp Duty (Amendment) (No. 2) Bill 2026
The Hong Kong Inland Revenue Department has announced the Stamp Duty (Amendment) (No. 2) Bill 2026 on 29 May 2026, which was published in the Official Gazette the same day. The Stamp Duty (Amendment) (No. 2) Bill 2026 provides for the calculation
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US: JCT publishes detailed explanation of tax overhaul under One Big Beautiful Bill Act
The US Congress Joint Committee on Taxation (JCT) published, on 28 May 2026, its General Explanation of the Tax Provisions of Public Law 119-21, providing a detailed breakdown of the tax measures contained in the One Big Beautiful Bill Act. The
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Italy: Fuel tax relief and support measures to continue through June 2026
Italy’s Revenue Agency has announced that the government has introduced Legislative Decree no. 89/2026, published on 25 May 2026, implementing comprehensive tax relief measures to ease the burden of rising fuel costs on citizens and businesses.
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Malawi enacts 2026–27 budget, introduces VAT on digital services by foreign companies
Malawi has enacted the legislation implementing the 2026–2027 Budget, which was published in the Official Gazette on 14 April 2026 and entered into force on 15 April 2026. This follows after Malawi’s Minister of Finance, Economic Planning and
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Jamaica: TAJ postpones implementation of revised environmental protection levy policy
Jamaica’s tax administration (TAJ) announced on 18 May 2026 that the implementation of the revised Environmental Protection Levy (EPL) from 0.5% to 0.85%, which was scheduled to take effect on 1 May 2026, has been delayed pending the completion of
See MoreHong Kong: Government approves Stamp Duty (Amendment) Bill 2026
The Hong Kong Inland Revenue Department announced that the government has welcomed the approval of the Stamp Duty (Amendment) Bill 2026 by the Legislative Council on 20 May 2026. The Stamp Duty (Amendment) Bill 2026 has provisions to increase the
See MoreJamaica: TAJ issues guidance on new special consumption tax on sweetened beverages
Jamaica’s tax administration (TAJ) has released Technical Advisory No. 052026/01/GCT-TA on 1 May 2026, which guides both internal and external stakeholders on the implementation and administration of the new special consumption tax (SCT) on
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Brazil introduces comprehensive indirect tax reform with new regulations for IBS, CBS
Brazil is implementing a major indirect tax reform, replacing five existing taxes — three federal (PIS, COFINS, IPI), one state (ICMS), and one municipal (ISS) — with two new taxes: CBS (federal contribution on goods and services), managed
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Italy finalises fuel relief package with extended tax cuts, transport subsidies
Italy’s government has finalised its fuel decree with the publication of Conversion Law Number 79/2026 in the Official Journal on 16 May 2026. The legislation makes Legislative Decree number 33/2026 into permanent law, maintaining reduced excise
See MoreHong Kong: Legislative Council to consider Stamp Duty (Amendment) Bill 2026
Hong Kong’s Legislative Council (LegCo) announced on 18 May 2026 that it set to reconvene on 20 May 2026 to continue deliberations on key legislative and policy matters, including the resumed Second Reading debate on the Stamp Duty (Amendment)
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Hungary gazettes permanent suspension of advertisement tax
Hungary has gazetted the Act XIV of 2026 on 9 May 2026, introducing various amendments and measures that entered into force on 14 May 2026. The Act also elevates certain provisions of government decrees to a statutory level, including those of
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Pakistan: Court declares Section 7E property tax unconstitutional
The Federal Constitutional Court of Pakistan has struck down Section 7E of the Income Tax Ordinance, 2001, ruling that the controversial tax on deemed rental income is unconstitutional and void from the beginning. In a Short Order issued on 7 May
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Poland further extends temporary VAT, excise relief on motor fuels
In an announcement on 13 May 2026, Poland's Minister of Finance and Economy extended temporary reductions in VAT and excise tax on motor fuels until 31 May 2026, maintaining relief measures initially introduced to counter price volatility stemming
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Norway announces revised 2026 national budget, proposes higher pension and fuel tax relief
Finance Minister Jens Stoltenberg has unveiled Norway's Revised National Budget for 2026, emphasising economic stability amid global uncertainties. With ongoing trade tensions and conflict in the Middle East creating volatility, the government has
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Australia includes major corporate, CGT tax reforms 2026-27 budgetÂ
Australia’s Treasurer, Jim Chalmers, delivered the 2026-27 federal budget in parliament on 12 May 2026. The 2026-27 budget outlines a comprehensive vision for tax reform in Australia, focusing on supporting workers, incentivising business
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Greece: AADE further extends ship tax filings, payment deadline
Greece's Independent Authority for Public Revenue (AADE) has announced a second postponement of filing requirements for ship operators under the Greek Tonnage Tax Law. The new deadline of 30 June 2026 replaces the previously extended date of 30
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Angola imposes 5% levy on foreign tourists
Angola will introduce a tourism levy on international travellers beginning in late July 2026, following the publication of Presidential Legislative Decree No. 4/26 on 30 April 2026. The Special Contribution for Tourism requires international
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