Sri Lanka abolishes land lease tax (LTT) for foreign buyers
Sri Lanka’s government has scrapped the land lease tax (LLT) that foreign buyers once paid on long leases. Foreigners still cannot buy land outright under the Land (Restrictions on Alienation) Act, so a lease of up to 99 years remains the only
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Malaysia: Budget 2027 proposes MSME incentives, middle-income tax cuts, green investment measures
Malaysia’s Prime Minister and Minister of Finance presented the 2027 budget on 9 October 2026, outlining a strategic fiscal roadmap to drive sustainable economic momentum while easing cost-of-living pressures. Malaysia’s Budget 2027 targets
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Sri Lanka reminds taxpayers to file September 2026 stamp duty return, make payments
Sri Lanka’s Inland Revenue Department, in a notice to taxpayers issued on 5 October 2026, has asked taxpayers to furnish the Statement of Stamp Duty Compounded and make the stamp duty payment for the quarter ending 30 September 2026 on or before
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Hong Kong proposes 75% threshold for intra-group stamp duty relief
Hong Kong's government proposed to introduce changes to stamp duty rules for intra-group asset transfers as proposed in the 2026-27 budget. The Stamp Duty (Amendment) (No. 3) Bill 2026 will be gazetted on 2 October, with first reading and second
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Chile: Parliament proposes sweeping tax reforms for capital markets, foreign investment
The Chilean parliament is considering the draft Law on the Reform of the Capital Market and Access to Home Ownership (Ley de Reforma al Mercado de Capitales y Acceso a la Casa Propia), which was submitted on 9 September 2026. This draft
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Senegal: Draft 2026 Amending Finance Bill proposes economic solidarity contribution on e-money operators
Senegal's General Directorate of the Budget published the draft Amending Finance Bill for 2026, which details a significant restructuring of the national budget. The government outlines a revised fiscal strategy necessitated by international
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Finland: MoF consults on narrower exemption for indirect real estate transfers
Finland’s Ministry of Finance has initiated a public consultation on a draft proposal to amend Section 10 of the Income Tax Act as of 14 September 2026. This legislative change focuses on the taxation of indirect real estate transfers,
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Hong Kong announces 2026 policy address, unveils corporate tax incentives and family tax relief
Hong Kong has announced the release of the Hong Kong Chief Executive's 2026 Policy Address on 16 September 2026. The tax policy measures outlined in the Hong Kong Chief Executive's 2026 Policy Address form a central part of the HKSAR
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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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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
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
See MorePanama: Cabinet proposes equalisation of the tax regime, applied to trade in the digital economy
Panama’s Cabinet Council announced, on 19 August 2026, that it approved sending Bill 30-26 to the National Assembly for consideration. This bill amends and supplements provisions of the Tax Code related to the taxation of certain digital economy
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Nigeria: NRS issues virtual asset tax framework, establishes income tax, VAT, and stamp duty obligations
The Nigeria Revenue Service (NRS) established a comprehensive framework in 2026 to regulate the taxation of virtual assets (VAs), including cryptocurrencies, stablecoins, and NFTs, through Guidelines on the Taxation of Virtual Assets ( Information
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Turkey introduces nuclear energy tax exemptions, establishes vehicle excise floors
Turkey has enacted Law No. 7590, introducing several tax measures, including reforms to the special consumption tax (SCT) on motor vehicles, new tax incentives for the nuclear energy sector, and an extension of employment support measures. The law
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Hong Kong: Government welcomes passage of Stamp Duty (Amendment) (No. 2) Bill 2026
Hong Kong’s government has welcomed the Legislative Council's passage of the Stamp Duty (Amendment) (No. 2) Bill 2026 on 8 July 2026 to provide for the arrangement for the calculation and payment of stamp duty arising from transactions of
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Germany: Federal Council approves tax advisory reforms, anti-profit shifting measures
The German Federal Council (Bundesrat) approved the Ninth Act Amending Provisions in Tax Consultancy Law and Tax Law on 11 June 2026. The legislation introduces a broad package of administrative, procedural and substantive tax measures designed
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Dominican Republic proposes increased corporate tax amongst other reforms in new fiscal package
The Dominican Republic's Ministry of Finance and Economy has unveiled a pro-growth and anti-crisis fiscal package on 11 June 2026 that has been presented to the National Congress for consideration. This fiscal package is designed to shore up public
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