France considers 2027 Finance Bill with CIT surcharge, green tax measures
The French government presented the Finance Bill for 2027 to the National Assembly on 1 October 2026 for parliamentary consideration. The proposed 2027 budget aims to address a challenging economic backdrop characterised by a widened deficit of 5.4%
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Serbia revises greenhouse gas tax credit, carbon-intensive import tax rules
Serbia’s Parliament has adopted amendments to the laws governing greenhouse gas emissions tax and import taxes on carbon-intensive goods, primarily targeting the electrical energy production sector, as published in the Official Gazette of the
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Netherlands unveils 2027 tax plan with corporate, VAT and PIT changes
The Dutch government presented the 2027 Budget, including the Tax Plan for 2027 (Belastingplan 2027), on 15 September 2026. Corporate adjustments From 2027, embedded currency hedging results on participation investments will no longer qualify
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Argentina: Government defers fuel tax increases until October 2026
Argentina’s government has published Decree 829/2026 in the Official Gazette on 31 August 2026 to manage national fuel taxes. The legislation specifically targets the carbon tax and levies on liquid fuels such as unleaded gasoline and
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US: IRS expands Section 45Q safe harbour to cover EOR projects and recapture calculations
The US Internal Revenue Service (IRS) has issued Notice 2026-50, expanding and extending the safe harbour previously established under Notice 2026-1. This administrative notice establishes an updated safe harbour for taxpayers claiming the Section
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European Commission publishes guidance documents to support CBAM implementation
The European Commission has published a series of ten guidance documents to help non-EU operators with the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its definitive period on 14 August 2026. The CBAM's definitive
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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
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Hungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptions
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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EU states push back on plans to tax transport fuels
The European Commission faces a pushback from ten member states over its strategy to impose a carbon price on heating and transport fuels. On 15 July 2026, Italy, Poland, Bulgaria, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Romania and
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Lithuania amends environmental pollution tax law, removes batteries from tax regime
Lithuania has adopted amendments to the Law on Environmental Pollution Tax that remove batteries and accumulators from the list of taxable products subject to the tax on environmental pollution from product waste. The changes, adopted on 7 July
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Vietnam extends tax relief on fuel, qualifying raw materials through September 2026
Vietnam’s government has issued a Resolution No. 34/2026/NQ-CP dated 30 June 2026, which outlines the extension of tax incentives for specific energy products. The resolution mandates a continued period of reduced import duties, environmental
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Nigeria: Tariff reforms, green tax framework enter into force
Nigeria's federal government has unveiled sweeping tariff restructuring and environmental tax measures set to commence on 1 July 2026, according to the 2026 Fiscal Policy Measures (FPM) circular issued by Minister of Finance Wale Edun. The
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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
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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
See MoreEU Parliament EUR 60 billion annually from new tax sources in 2028-34 budget, considers new levies on digital services, gambling, crypto
The European Parliament endorsed its position on the Interim report on the proposal for the multiannual financial framework for 2028-2034, which was approved on 28 April 2026. The seven-year budget proposal underscores Parliament's continued
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South Africa updates income tax, VAT, carbon tax rules
South African President has signed the Taxation Laws Amendment Act 5 of 2026, amending the Carbon Tax Act, 2019 and related Schedules. The Act was passed on 31 March 2026 and published in the Government Gazette on 1 April 2026. It introduces
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Ireland cuts tax on fuel, postpones carbon tax increase
Irish Revenue published eBrief No. 078/26 on 15 April 2026, announcing a reduction in mineral oil tax on certain fuels, and a postponement of the scheduled carbon tax increase. The Tax and Duty Manual on Excise Duty Rates on Energy Products and
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UN Tax Committee Discusses Environmental Taxation
On 25 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workstreams for environmental taxation. The subcommittee on environmental tax presented its planned workstreams for comment and approval. The
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