Taiwan removes minimum tax threshold for estate, gift tax instalment payments
Taiwan has removed the minimum tax amount required to apply for payment by instalments under its Estate and Gift Tax Act, the Southern Area National Taxation Bureau of the Ministry of Finance said. The amendment to Article 30, Paragraph 2 of the
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Lithuania: STI issues guidance on 2027 excise duty rates
Lithuania’s tax authority, the State Tax Inspectorate (STI), which operates under the Ministry of Finance, has issued guidance on the excise duty rates that apply from 1 January 2027. The guidance was published on 16 October 2026 and signed by
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Taiwan reminds online content creators to review business tax obligations
Taiwan’s National Taxation Bureau of the Central Area, under the Ministry of Finance, said the penalty-exemption period for content creators ended on 30 June 2026. The period applied to the guidance on taxation registration and the filing and
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Germany: Federal Cabinet proposes excise tax on sugar-sweetened drinks
Germany’s Federal Cabinet approved a legislative proposal on 14 October 2026 to introduce a sugar-sweetened beverage tax, with the government aiming to reduce excessive sugar consumption, protect public health and stabilise statutory health
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Taiwan reminds businesses to declare overseas investment income
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance (MOF), has reminded profit-seeking enterprises to include overseas income from offshore financial investments in their taxable income. Under Paragraph 2, Article 3
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Austria updates fiscal receipt rules for electronic payments
Austria has amended Section 132a of its Federal Fiscal Code (BAO) to simplify the electronic issuance of fiscal receipts, effective 1 October 2026. The change covers cash payments, including card payments, vouchers accepted instead of cash and
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Australia: ATO extends GIC remission offer for family trust tax liabilities
The Australian Taxation Office (ATO) announced on 19 October 2026 that it has extended its offer to remit general interest charge (GIC) on family trust distribution tax (FTDT) liabilities. The offer now runs until 30 June 2027, six months longer
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Singapore updates business expense deduction guidance, clarifies rules for Green Certificates, Green Credits
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on business expense deductions, clarifying new rules for Green Certificates and Green Credits (GCCs). The previous guidance on carbon credits has been removed, as their tax
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Philippines: BIR clarifies tax deductions for shared senior drug discounts
The Philippines Bureau of Internal Revenue (BIR) has updated its tax rules on senior citizen discounts for the first time since 2010. The changes explain how pharmaceutical companies, distributors, and retailers can claim tax deductions when they
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US: IRS begins refunds for adoption tax credit carryforwards
The US Internal Revenue Service (IRS) announced on 16 October 2026 that it has started sending refunds to more than 50,000 taxpayers who used adoption tax credit carryforwards. The agency expects most eligible taxpayers to receive their refunds by
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Kuwait gazettes agreement on the exchange of Country-by-Country reports
Kuwait has approved the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) through Decree-Law No. 116 of 2026, published in the Official Gazette Kuwait Al-Youm on 18 October 2026. The agreement
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Malaysia updates guidelines on tax treatment of foreign capital gains
The Inland Revenue Board of Malaysia (IRBM) has issued amended technical guidelines dated 29 September 2026 on the tax treatment of gains from the disposal of foreign capital assets received in Malaysia. Prior to 1 January 2024, gains from the
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Guatemala: SAT introduces temporary fuel tax exemptions
Guatemala’s Ministry of Finance has published Decree 22-2026 (Law on Temporary Emergency Tax Exemption for Fuel Consumers), which was published in the Official Gazette on 30 September 2026. Decree Number 22-2026 establishes a short-term
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Lithuania: STI updates personal income tax rules for individual activities
Lithuania’s tax authority (STI) has updated its commentary on Article 18² of the Law on Personal Income Tax on 15 October 2026. The update reflects three laws passed in 2025: Laws No. XV-343, XV-680 and XV-681. From the 2026 tax year, the
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OECD issues report examining how corporate tax systems can support business growth
The OECD published its Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors, prepared for their meeting under the United States presidency on 15 October 2026. The report updates the OECD’s tax work from April 2026,
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Hong Kong moves to widen tax deductions for intellectual property purchases
Hong Kong’s government has published the Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 on 16 October 2026, relaxing tax deduction arrangements for capital expenditure that businesses incur on buying
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Sweden submits Pillar Two bill with new safe harbours to Parliament
The Swedish government's legislative proposal (Proposition 2026/27:4), submitted to the Swedish Parliament (Riksdag) on 13 October 2026, incorporates the OECD/G20 Inclusive Framework's Pillar Two administrative guidance issued between June 2024 and
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IMF: Fiscal Drivers of FDI in Low Income Countries
On 13 October 2026, at the IMF annual meetings, a presentation by Isabel Duarte of the IMF Fiscal Department looked at Fiscal Drivers of FDI in Low Income Countries. Duarte noted that only around 1% of global foreign direct investment (FDI) flowed
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