Bolivia abolishes financial transactions tax
Bolivian President Rodrigo Paz Pereira has signed Law No. 1717, dated 10 April 2026, formally abolishing the financial transactions tax (ITF), which was published in the Official Gazette on 11 April 2026. Under Law No. 1717, Bolivia has formally
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India enacts corporate tax cuts in Finance Act 2026
India has enacted the Finance Act 2026 on 30 March 2026, giving legal effect to the tax and fiscal measures announced in the Union Budget for 2026–2027. It introduces several changes that will affect businesses, the IT sector, investors and
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Angola gazettes amendments to tax laws proposed in 2026 budget
Angola’s National Assembly approved amendments to various tax laws through the General State Budget 2026 on 15 December 2025 after receiving final approval the same day. The measures were formally promulgated by the President and published in the
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Zimbabwe: President assents 2026 national budget, maintains gold royalty rateÂ
Zimbabwe’s President has formally approved both the Finance Act and the Appropriation Act, giving legal effect to the measures outlined in the 2026 National Budget. Together, these laws implement the government’s fiscal and tax policy agenda for
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Italy: Senate approves 2026 budget, increases taxes on banks
Italy’s government secured a decisive vote of confidence in the Senate on 30 December 2025 for its 2026 budget, winning 113 votes to 70, keeping it on track for final approval by parliament before year-end. The budget now moves to the lower
See MoreItaly to impose duties on non-EU parcels, increase financial transaction taxes
Italy is preparing several new tax measures to boost revenue and protect local industries. A EUR 2 levy on small non-EU parcels, aimed at platforms like Shein and Temu, will apply to packages worth up to EUR 150 and is expected to raise over EUR
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Slovak Republic revises financial transaction tax law, exempts self-employed individuals
The National Council of the Slovak Republic has passed an amendment to Act No. 279/2024 Coll. on the Financial Transaction Tax (FTT), bringing several significant changes into effect on 1 January 2026. Sole traders or self-employed individuals
See MoreZimbabwe: Government announces 2026 budget, proposes digital services withholding tax
Zimbabwe’s Ministry of Finance, Economic Development, and Investment Promotion (MoFEDIP) has presented the 2026 national budget to the Parliament on 27 November 2025, proposing higher VAT rates and digital service withholding taxes. The
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Belgium: Government reaches deal on multi-annual budget for 2026, raises corporate taxÂ
Belgium’s government reached a budget agreement for 2026 on 24 November 2025 after months of tense negotiations, Prime Minister Bart De Wever announced. Following a Christmas deadline he set for his five-party coalition, he reached a deal that
See MoreSlovak Republic: Tax authority releases new FTT notification form
The Slovak Republic's tax authorities have issued a new notification form for the financial transaction tax (FTT) on 28 October 2025, following the approval of Act No. 272/2025, which amends Act No. 279/2024. Taxpayers are required to report
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Brazil: Federal Supreme Court Justice reinstates financial transaction tax increase
Federal Supreme Court Justice Alexandre de Moraes has reinstated Decree No. 12.499 with retroactive effect from 11 June 2025 after failed government-National Congress conciliation. Brazil's Federal Supreme Court Justice Alexandre de Moraes
See MoreBrazil: AGU appeals suspension of financial transaction tax hike
The AGU argues that the Executive Branch has constitutional authority to adjust IOF rates and claims the National Congress violated the separation of powers by suspending presidential decrees. Brazil's Attorney General's Office (AGU) appealed to
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Australia: ATO announces FX Rates for year ending June 2025
The ATO has updated its foreign exchange rate guidance, including monthly rates for July 2024 to June 2025. The Australian Taxation Office (ATO) has updated its guidance on foreign exchange rates, incorporating rates for the financial year ending
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Brazil: National Congress scraps financial transactions tax increases
Brazil's National Congress approved the draft legislative decree on 25 June 2025, repealing three presidential decrees that increased IOF tax rates. Brazil's National Congress (both the Chamber of Deputies and Senate) has approved Draft
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Slovak Republic consults financial transactions tax exemption for foreign entities, entrepreneurs
The draft bill exempts foreign subsidiaries/branches with prior taxable income under EUR 100,000 and individual entrepreneurs from the financial transactions tax. The Slovak Republic’s Ministry of Finance is consulting on a draft bill to narrow
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Brazil revises financial transaction tax rates again
Brazil issued Decree No. 12.499 on 11 June 2025, repealing Decrees 12.466 and 12.467, raising financial transaction tax (IOF) rates on select insurance, credit, and forex transactions. Brazil has published Decree No. 12.499 on 11 June 2025, which
See MoreBrazil: Government to raise tax on interest on equity in fiscal package
Brazil's Finance Ministry plans to increase the income tax on interest on equity (JCP) payments from 15% to 20% as part of a new fiscal package. Brazil's Finance Minister, Fernando Haddad, announced on 10 June 2025 that the government is
See MoreBrazil: Government poised to support 10% reduction in tax breaks
Brazil's government is expected to back a bill proposing a 10% reduction in federal tax breaks, with a 5% cut in 2025 and another 5% in 2026. Brazil's government is likely to support a bill for a 10% cut to federal tax breaks, multiple sources
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