Philippines: BIR issues rules for mandatory electronic invoicing
The Philippines' tax authority, the Bureau of Internal Revenue (BIR), has announced the issuance of Revenue Memorandum Circular No. 098-2026 on 22 September 2026, establishing the official framework for the issuance of electronic invoices in the
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Austria extends fuel price relief through November 2026
The Austrian government confirmed, on 23 September 2026, that it will extend and expand its fuel price cap beyond its September expiration. The coalition of ÖVP, SPÖ, and NEOS parties agreed to reactivate the measure at a significantly larger
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Indonesia: Parliament approves budget for 2027
Indonesia's budget committee has given final approval to the government's 2027 budget plan. The committee, led by chair Said Abdullah, signed off on total spending of IDR 4,106.3 trillion on 24 September 2026. The approved amounts each run IDR
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Greece: Council of State rules interest on dividend-financing loans non-deductible
Greece's Council of State issued Decision No. 370/2026 on 11 September 2026, which clarified that companies cannot deduct interest paid on loans borrowed to finance dividend payments to shareholders. The Second Chamber of the council rejected an
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Russia plans tax increases to fund military spending through 2029
The Russian government unveiled its draft three-year budget on 24 September 2026, laying out plans for 2027 through 2029 that prioritise military spending while widening the fiscal deficit. The budget must reach parliament by 1 October 2026. For
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Bulgaria introduces new transfer pricing rules aligned with OECD guidelines
Bulgaria's new Ordinance on Transfer Pricing Methods Application (the New Ordinance) entered into effect on 1 January 2026, replacing the previous 2006 regulatory framework. Introduced to align national tax regulations with updated OECD Transfer
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Poland: Senate passes transfer pricing, business tax reporting reforms
Poland's Senate (Upper house of Parliament) passed a legislation that reshapes how small businesses handle tax reporting and cash transactions. The Act of 18 September 2026, transmitted as Senate Print No. 834 (Druk nr 834), amends both the
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El Salvador sets tax interest rates for August 2026–January 2027
El Salvador’s Ministry of Finance has announced new interest rates for delinquent tax payments through an official notice issued on 31 July 2026. The announcement applies articles 1 and 3 of Legislative Decree No. 720, dated 24 November
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France to abolish simplified VAT regime from 2027
The French Tax Authorities issued the reminder on 22 September 2026, confirming that the simplified VAT regime (RSI) would end from January 2027. Under the current regime, qualifying enterprises are exempt from periodic VAT declarations where annual
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Botswana issues VAT guidance on reverse-charged supplies
The Botswana Unified Revenue Service (BURS) issued a September 2026 Guidance Note explaining requirements for charging, reporting and remitting VAT on reverse charged supplies. The rules were introduced under the Value Added Tax Act 2026, which
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Thailand revises proposed Digital Platform Economy Act
Thailand’s Ministry of Digital Economy and Society (DES) has begun revising the proposed Digital Platform Economy Act, reassessing a framework initially influenced by the European Union’s Digital Markets Act and Digital Services Act. The
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Thailand plans new policy framework for data centre sector
Thailand’s Cabinet approved a draft of the Prime Minister Office’s regulation on 5 August 2026 to establish a Data Centre Business Policy Committee, marking a move towards more coordinated oversight of data centre businesses. The proposed
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Taiwan clarifies income tax treatment of reduced commodity tax refunds
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, stated that refunds of reduced commodity tax obtained by profit-seeking enterprises under Article 11-1, Article 12-5 or Article 12-6 of the Commodity Tax Act should be treated as a
See MoreThailand: Bangkok considers 3% tax on hotel, accommodation charges
Thailand’s Bangkok Metropolitan Administration (BMA) is considering amendments to its legal framework to introduce a 3% tax on hotel and accommodation room charges, which could generate approximately THB 1 billion annually in additional
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Zambia: ZRA launches Extended Voluntary Disclosure Scheme
The Zambia Revenue Authority (ZRA) has introduced the Extended Voluntary Disclosure Scheme (EVDS) on 18 September 2026 to help taxpayers regularise outstanding tax obligations and strengthen voluntary compliance. The scheme, which will operate
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Thailand sets fines for tax information exchange violations
Thailand’s Revenue Department has published a notification from the Ministry of Finance (MoF) on 9 September 2026, establishing specific penalties for failing to comply with certain requirements of the Emergency Decree on Exchange of Information
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New Zealand: IR consults income tax treatment of NFPs
New Zealand's Inland Revenue (IR) opened a public consultation on 18 September 2026 on Exposure Draft ED0265, which sets out the proposed income tax treatment of amounts received from members by societies, clubs and other not-for-profit associations
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Colombia extends suspension of tax, customs terms in Pereira until October
Colombia’s National Directorate of Taxes and Customs (DIAN) has extended the suspension of legal and administrative terms for tax, customs and foreign exchange matters handled by its Pereira Sectional Directorate until 14 October 2026. Under
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