India enacts corporate tax cuts in Finance Act 2026
India has enacted the Finance Act 2026 on 30 March 2026, giving legal effect to the tax and fiscal measures announced in the Union Budget for 2026–2027. It introduces several changes that will affect businesses, the IT sector, investors and
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Netherlands introduces ‘Freedom Contribution’ in 2026 Spring Memorandum
The Dutch Government has published the Spring Memorandum 2026, updating the 2026 budget and outlining forward-looking plans, including a range of tax measures. Key provisions reflect those agreed in the Coalition Agreement for 2026–2030, released
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Taiwan announces vehicle license tax payment window for April 2026
Taiwan’s Taxation Administration has announced that the statutory payment period for the vehicle license tax of 2026 is 1 April 2026 to 30 April 2026. Taxpayers are reminded to complete payment within the given timeframe. The Taxation
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India reduces excise duty on petrol and diesel, introduces windfall tax on exports
The Indian government has announced, on 27 March 2026, a reduction in excise duty on petrol and diesel for domestic consumption, citing rising global oil prices amid the rising hostilities in the Middle East. The move aims to shield consumers from
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Australia: Government halves fuel excise tax for three months
The Australian government has announced temporary reductions to the fuel excise rates on petrol and diesel yesterday, 30 March 2026. Both measures will take effect on 1 April 2026 and remain in place until 30 June 2026. The fuel excise is being
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Italy enacts emergency adjustments to specific provisions of 2026 Budget Law
Italy has gazetted Decree-Law No. 38 of 27 March 2026, effective from 28 March 2026, introducing several urgent tax measures that amend the 2026 Budget Law (Law No. 199 of 30 December 2025). It addresses multiple areas, including clarifications on
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UN Tax Committee Discusses Wealth Tax Issues
On 26 March 2026 the UN Committee of Experts on International Cooperation in Tax Matters discussed the workplan for producing guidance on taxation of high-net-worth individuals. The relevant subcommittee presented its planned workstream. There is
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Philippines: President approves law allowing temporary fuel excise tax adjustments
The Philippine Information Agency announced that on 25 March 2026, President Ferdinand Marcos Jr. signed Republic Act No. 12316, authorising the temporary suspension or reduction of excise taxes on petroleum products under specified conditions. The
See MoreIndia: Lok Sobha approves Finance Bill 2026 with amendments
India’s Lok Sabha (lower house of parliament) has approved the Finance Bill 2026 with amendments on 25 March 2026. It now awaits approval by the Rajya Sabha. The bill implements the Union Budget 2026–27, including measures to introduce the new
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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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Malaysia gazettes order on reduced service tax on rental, leasing services
Malaysia gazetted the Service Tax (Rate of Tax) (Amendment) Order 2026 on 13 March 2026, formalising a reduction in the service tax rate on rental and leasing services. Earlier, Malaysia’s Ministry of Finance released updated policy notices on
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Bolivia introduces tax incentives for foreign reinvestment, updates excise duties
Bolivia has introduced tax reforms through Supreme Decree 5563 to encourage foreign investors to reinvest profits domestically and support economic growth. The decree was published in the Official Gazette on 2 March 2026 and took effect
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UK: Finance Act 2026 receives Royal Assent
The UK’s Finance (No. 2) Bill 2025-26 was granted Royal Assent on 18 March 2026 and has now been enacted as the Finance Act 2026, introducing measures across income, corporate, and inheritance taxes, environmental levies, and tax
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UN Tax Committee Discusses Extractive Industries Taxation
The 32nd session of the UN Committee of Experts on International Cooperation in Tax Matters commenced on 23 March 2026. The Committee discussed the continuing work on aspects of taxation in the extractive industries. The relevant subcommittee
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Brazil cuts diesel taxes to shield citizens from oil price surge
Brazil’s government has enacted urgent measures to lower diesel prices as international oil costs spike due to armed conflict involving the US, Israel, and Iran, compounded by escalating tensions near the Strait of Hormuz—a strategic waterway
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Bosnia and Herzegovina cuts excise duties on oil to ease market pressure
Bosnia and Herzegovina’s House of Representatives adopted amendments to the Law on Excise Duties on 16 March 2026, enabling the Council of Ministers to reduce or abolish excise duties on diesel, petrol, kerosene, heating oil, and biofuel for up to
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Malta enacts 2026 budget measures introducing R&D tax breaks, tighter rules on VAT and excise dutiesÂ
Malta has gazetted the Budget Measures Implementation Act 2026 (Act No. III of 2026) on 10 March 2026. introduces a comprehensive series of adjustments to Malta’s fiscal landscape. These changes, largely retroactive to 01 January 2026, touch upon
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Malawi doubles VAT threshold, introduces digital services tax in 2026-27 budget policy statement
Malawi’s Minister of Finance, Economic Planning and Decentralisation has presented the 2026-27 Budget Policy Statement to the National Assembly of Malawi on 27 February 2026. Framed under the theme of "Driving Economic Recovery and Sustainable
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