Portugal gazettes 2026 state budget law, updates income tax brackets
Portugal has gazetted the State Budget Law for 2026 (Law No. 73-A/2025) on 30 December 2025, introducing a series of fiscal recalibrations aimed at balancing social relief with targeted economic incentives. While maintaining several extraordinary
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Luxembourg implements 2026 Budget Bill
Luxembourg has enacted the 2026 budget bill following its adoption by parliament. The full budget bill was published in the Official Gazette on 19 December 2025. The government has finalised the Law of 19 December 2025, introducing targeted
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Lithuania: VMI allows companies to register for sweetened beverage excise duty
Lithuania’s tax authority, the State Tax Inspectorate (VMI) announced on 17 December 2025 that companies producing or importing non-alcoholic sweetened beverages or their concentrates from other EU countries must register as excise duty payers
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Finland: Parliament adopts budget for 2026
Finland’s parliament concluded its deliberations and voting on the 2026 Budget on 19 December 2025. The key tax measures, including the reduced corporate tax rates and the 2026 income tax schedule, have been adopted. The single reading of the
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Netherlands: Senate approves 2026 Tax Plan package
The Netherlands Senate approved the legislative proposals contained in the 2026 Tax Plan package on 16 December 2025. The measures will enter into force once they receive royal assent and are published in the Official Gazette. The Ministry of
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Hungary enacts 2026 autumn tax reforms, additional measures
Hungary has enacted several significant tax measures through legislative acts to reduce administrative burdens, promote business investment, and align domestic rules with EU directives. The measures are scheduled to take effect in 2026 unless
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Norway: Parliament approves 2026 budget bill, corporate tax rate unchanged
Norway’s parliament passed the proposed 2026 Budget bill on 5 December 2025. This follows Norway’s government's presentation of its 2026 state and national budget proposals on 15 October 2025. The bill boosts welfare, defence, and climate
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Israel: Cabinet approves 2026 state budget amid controversy
The Israeli cabinet approved the 2026 state budget on 5 December 2025 after prolonged negotiations and internal disputes over allocations. The key tax measures and policy changes are as follows: Corporate and Banking Taxes New measures
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Poland: Parliament adopts 2026 Budget Act, increases bank tax rates
Poland’s Ministry of Finance announced, on 5 December 2025, that the lower chamber of parliament (Sejm) had adopted the Budget Act for 2026, introducing wide-ranging tax changes set to reshape the country’s fiscal landscape next year. The
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Cameroon: Parliament adopts Finance Act for 2026, introduces significant economic presence (SEP) standard
Cameroon’s Parliament has adopted the 2026 Finance Act on 26 November 2025, introducing tax measures from the 2026 Budget designed to expand the country’s fiscal base and strengthen revenue mobilisation. The legislation establishes a new
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Uzbekistan outlines 2026–28 budget and fiscal plan, proposes higher corporate income tax
Uzbekistan's Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025. A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing
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Belgium: Government reaches deal on multi-annual budget for 2026, raises corporate tax
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
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OECD: Carbon pricing mechanisms are evolving to meet a broader range of policy objectives
The OECD announced the release of a report, “Effective Carbon Rates 2025: Recent trends in taxes on energy use and carbon pricing on 13 November 2025, which presents information on how countries are using carbon taxes, emissions trading systems
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Canada: Ontario unveils 2025 tax measures, maintains unchanged corporate tax rates
Ontario's Finance Minister released the 2025 Fall Economic Statement, also known as the “2025 Ontario Economic Outlook and Fiscal Review,” on 6 November 2025. It maintains corporate tax and personal income tax unchanged while introducing several
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Poland: Council of Ministers adopts draft law for updating PKD codes Excise Duty Act
Poland's Council of Ministers adopted a draft act for amending the Excise Duty Act on 4 November 2025. The draft act updates excise tax regulations to align with the new Polish Classification of Activities (PKD). Specifically, PKD codes will be
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Qatar: Tax Authority hosts workshop on tiered excise tax for sweetened beverages
Qatar’s General Tax Authority (GTA) announced, 6 October 2025, that they held an introductory workshop on the “Tiered Volume-Based Excise Tax Model” for sugar-sweetened beverages, bringing together representatives from various companies in
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Zambia: MoF presents 2026 budget, promotes corporate investments in key sectors
Zambia’s Ministry of Finance and National Planning delivered the 2026 Budget Speech to the National Assembly on 26 September 2025, announcing a series of revenue measures aimed at strengthening domestic resource mobilisation, supporting small
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Lithuania: MoF presents draft budget, expands list of corporate tax exempt entities
Lithuania’s 2026 draft Budget proposes halting the planned increase in CO2 excise duty on diesel and introducing a corporate tax exemption for the National Development Bank. Lithuania’s Ministry of Finance has presented the 2026 draft Budget
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