Italy confirms tax-neutral merger of foundation and agricultural partnership
Italy’s Revenue Agency confirmed on 11 September 2026 that a foundation can merge with a simple agricultural partnership while avoiding capital gains tax, VAT, and most other direct taxes. The ruling, contained in response no. 171, applies to
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Panama: DGI clarifies tax lottery drives revenue growth through voluntary compliance
Panama's tax authority (DGI) has clarified on 13 August 2026 that the tax lottery has successfully increased government tax revenue by encouraging citizens to request receipts during purchases. Since the program launched on 28 August 2025, monthly
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Lithuania proposes lottery tax rate cut
Lithuania’s government has published draft amendments to the Republic of Lithuania Law on Lottery and Gaming Tax No. IX-326 that would lower the tax rate applied to the lottery tax base from 18% to 10%. The draft amendments, dated 11 September
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US: IRS issues 2026 clean fuel production tax credit guidance
The US Internal Revenue Service (IRS) announced on 8 September 2026 that it issued Notice 2026-53, providing the 2026 emissions rate table for calculating the clean fuel production credit, along with additional guidance on the credit. Notice
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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
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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: 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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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
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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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Iceland: 2027 budget proposes financial institution tax hike, VAT measures
Iceland’s Ministry of Finance presented the 2027 Budget proposal on 7 September 2026, proposing higher taxes and fees, reduced tax incentives, and adjustments to existing charges to raise government revenue. The proposed tax and revenue
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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
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Iceland proposes changes to vehicle kilometre tax from 2027
Iceland’s Ministry of Finance and Economic Affairs issued a legislative proposal on 2 September 2026 to amend the existing law on the vehicle kilometre tax (Law no. 100/2025), which has been in effect since 1 January 2026. A public consultation
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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 MorePanama introduces preferential real estate transfer tax exception regime, reduced progressive rates
Panama has published Law No. 546 of 31 August 2026, in the Official Gazette, which modifies Article 4 of Law 106 of 1974 to establish a preferential tax regime for the first sale of new housing units. The primary focus is a tax exemption on the
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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,
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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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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
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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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