Philippines: DoF consults on ProGRESS tax reform bill incorporating global minimum tax
The Philippines Department of Finance (DoF) launched consultations on the ProGRESS Bill in Manila on 3 September 2026, gathering roughly 300 stakeholders from business, government, academics, civil society, and media to review the tax reform
See More
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
See More
Italy extends temporary diesel excise duty reduction through 10 September 2026
Italy’s Minister of Economy and Finance, in agreement with the Minister of Environment and Energy Security, reduced excise duty on diesel fuel from 6 September 2026 to 10 September 2026. The extension was granted through a Decree of the
See More
Iceland: MoF consults tax law changes on interest deductions, charities, rulings and nicotine products
Iceland’s Ministry of Finance and Economic Affairs (MoF) has initiated a public consultation on several proposed legislative amendments in its draft document on 4 September 2026, with a targeted entry into force on 1 January 2027. These planned
See More
Ghana: President enacts major tax, VAT, customs reforms
The Ghanaian President has signed 10 legislative bills into law, including several measures relating to taxation on 26 August 2026. The key legislative acts are summarised below: Excise Act, 2026: This Act consolidates excise duty regulations
See More
Canada extends fuel tax relief through March 2027
Canada’s Department of Finance announced that it has extended its temporary suspension of the federal fuel excise tax on 2 September 2026, providing continued relief as global economic pressures persist. Honourable François-Philippe Champagne,
See More
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
See More
UAE sets minimum excise price for electronic smoking liquids
The UAE will introduce a minimum excise price of AED 1 per millilitre for liquids used in electronic smoking devices and tools from 1 September 2026, under Cabinet Decision No. 137 of 2026. Issued on 24 July 2026, the decision applies to such
See More
Romania raises diesel excise duty reduction to 25% amid fuel price surge
Romania’s Ministry of Finance announced on 31 August 2026 that it has increased the temporary excise duty reduction on standard diesel to 25% for the first half of September 2026, up from the 20% reduction applied in August. The adjustment
See More
Poland proposes higher corporate tax rates in 2027 draft budget
Poland’s government has approved a draft 2027 budget on 28 August 2026 with projected total tax revenues of PLN 622.4 billion for 2027, representing a PLN 57.8 billion increase over 2026's expected performance. The budget plan, prepared under the
See More
Ghana: Parliament approves Excise Bill 2026 to overhaul beverage, alcohol taxation
Ghana’s Parliament passed the Excise Bill 2026 on 28 July 2026. The Excise Bill of 2026 is a comprehensive legislative proposal designed to overhaul the taxation of specific imported and locally manufactured goods in Ghana. The bill
See MoreRomania cuts diesel excise duty by 20% in response to market surge
Romania’s Ministry of Finance announced on 13 August 2026 that it has implemented a temporary 20% reduction in excise duty on standard diesel from 16 to 31 August 2026. The cut of RON 560.86 per 1,000 litres (or RON 663.75 per ton) lowers the
See MoreRomania: Personal imports of excisable goods subject to new frequency, quantity controls
Romania’s Ministry of Finance announced on 10 August 2026 that it has tightened rules on personal imports of excisable goods from other EU countries, with a joint order (Order 1613/03.08.2026) issued by its Customs Authority and tax
See More
India: MoF issues new central excise notifications for petroleum products
India’s Ministry of Finance (MoF) has issued three notifications revising Central Excise duty rates on select petroleum products. The Department of Revenue issued Notification Nos. 40/2026-Central Excise, 41/2026-Central Excise and
See More
UAE announces new minimum excise price for e-liquids starting September 2027
The Ministry of Finance has announced the issuance of a Decision on the minimum Excise Price for Tobacco Products and Liquids used in Electronic Smoking Devices and Tools. Under the Decision, the existing minimum Excise Price will continue to
See MoreRomania introduces temporary windfall tax, diesel excise cuts
Romania has gazetted Law No. 162/2026 on 4 August 2026. Law No. 162/2026 aims to manage a crisis state within the domestic oil and petroleum product markets. The law introduces strict commercial margin limits for fuel distributors and
See MoreGhana increases energy sector levies on fuel oils, introduces road fund charge
Ghana’s Parliament has passed and gazetted the Energy Sector Levies (Amendment) Bill 2026, amending the Energy Sector Levies Act, 2025 (Act 1135) on 31 July 2026. The Energy Sector Levies (Amendment) Bill, 2026 aims to update existing laws by
See More
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
See More