Chile: SII to ease property tax for disaster-hit homes in 2026
Chile’s tax administration, the Internal Revenue Service (SII) announced on 19 October 2026 that it will offer property tax relief to owners whose homes and buildings suffer damage from natural disasters in 2026. The agency wants tax bills to
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Sri Lanka abolishes land lease tax (LTT) for foreign buyers
Sri Lanka’s government has scrapped the land lease tax (LLT) that foreign buyers once paid on long leases. Foreigners still cannot buy land outright under the Land (Restrictions on Alienation) Act, so a lease of up to 99 years remains the only
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Germany: Constitutional Court reviews business inheritance tax exemptions
Germany’s Federal Constitutional Court opened a hearing on a challenge to inheritance tax exemptions for business assets. Private assets can be taxed at up to 50%, depending on the heir’s relationship to the deceased and the value of the
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Ireland: Revenue updates guidance on reduced capital gains tax rate
Irish Revenue issued eBrief No. 142/26 on 6 October 2026, announcing updates to the tax and duty manual on the capital gains tax rate. The updated tax and duty manual Part 02-03-01A reflects the 2% reduction in the standard rate of Capital Gains
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Georgia increases property tax exemption threshold to GEL 100,000
Georgia has introduced amendments to the Tax Code, on 28 September 2026, which significantly alter property tax obligations for middle-income families. The amendments became effective on 30 September 2026 and applies retroactively to the 2026 tax
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Ireland introduces Pillar Two amendments, business incentives in Budget 2027
Ireland’s Department of Finance published Budget 2027 on 6 October 2026. The key tax measures are as follows: Corporation tax administration Budget 2027 introduces changes to preliminary corporation tax rules to provide greater
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US: Court orders New York City to restart secondary home tax notices
A Staten Island court judge has directed New York City to send corrected notices to property owners in the secondary home tax case. The ruling came from Justice Wayne Ozzi of Richmond County's state Supreme Court on 29 September 2026. The judge
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Russia proposes tax breaks for Unified Advanced Development Territory residents
Russia’s Ministry for the Development of the Russian Far East and Arctic has prepared amendments to the Tax Code, providing for tax incentives and reduced social security contribution rates for residents of the Unified Territory of Advanced
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Italy: Tax authority expands F24 payment codes for inheritance and gift tax
The Italian Revenue Agency introduced new tax codes through Resolution 30/2026, effective 16 September 2026. These codes expand the F24 form payment system to streamline declarations and payments related to inheritance tax, gift tax, mortgage tax,
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US: NYC extends pied-à-terre tax exemption deadline to October
New York’s Department of Finance (DoF) has pushed back the application deadline for exemptions from New York City's non-primary residence surcharge commonly referred to as the "pied-à-terre tax" to 6 October 2026. This represents the second
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Guatemala introduces zero IUSI rate for residential properties, capital gains exemption
Guatemala’s Ministry of Finance has published Decree 18-2026 in the Official Gazette on 28 August 2026. The decree amends the Law of the Single Tax on Real Estate (Impuesto Único Sobre Inmuebles – IUSI) and related tax legislation. The
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Finland proposes reduced corporate tax rate in 2027 budget
Finland’s government has announced the 2027 budget proposal, on 1 September 2026, with the intention to stimulate the economy through targeted tax cuts for low- and middle-income earners and a significant reduction in the corporate tax rate to
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Brazil publishes 2026 rural land tax guidance
Brazil’s tax authority, the Federal Revenue Service (RFB) has published its 2026 Questions and Answers guide on the Rural Land Tax (ITR), prepared by the General Coordination of Taxation (Cosit) on 1 September 2026. This 2026 technical manual
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US: Trump signals federal challenge to New York luxury property tax
New York's so-called pied-à-terre tax faces mounting legal pressure after President Donald Trump announced on 11 August 2026 that the federal government might challenge the surcharge on luxury second homes in the city. The tax, designed to
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Italy clarifies superbonus property capital gains rules for co-owners
The Italian Revenue Agency clarified on 10 August 2026 through Response No. 158 that owners selling property upgraded through the Superbonus cannot claim construction costs paid by their co-owners to reduce their taxable capital gain. The ruling
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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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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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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. 5876 extends the filing deadline for 2025 income tax
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